Thursday, 12 February 2009

Good news? Bad news?

I'm not sure that this FT story is entirely good news for Farnham. Whilst restructuring of the debt and equity of Crest Nicholson is bound to be designed to some extent to allow some cash to flow, and existing schemes to progress to completion, it may not necessarily allow new schemes to start, perhaps not this year, perhaps not for a number of years.

Just my own opinion.

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