It will move - but perhaps not as much as people think. I doubt the hoped for $2.50 by next week. If we get 1.00 would be nice.
Primarily the big insto's will hold back because of due diligence requirements. It would be difficult for the large super funds to move money into CNP without knowing what the assets and future earnings would be.
or in other words would you want your company super fund buying financial/property sector shares in this market without knowing what assets and future earnings will be.
This one isn't a penny dreadful - it needs the 100k parcels from the big guys.
CNP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
