Hi guys I personally think the market has been factoring in bad news until this point. Otherwise how could CER be worth more than CNP? I think if an extension is granted we will see a serious re rating for CNP.
I say that as it will prove to the market that first the banks are happy to back CNP. Two CNP's buisness is strong and they are making their repayments. And three that the banks are happy with Glenn and CNP's future plans.
A massive plus in my books so even on it's own I see the extension as major positive news. However if we do get an extra tid bit or two thrown in by Glenn (a 12 month extenson etc) then it will be hang on for the ride.
Good luck guys and GIDDY UP!!!
CNP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
