September quarter sales up over 5% from a time when sp was around $1.60
Orbis bought another 25million shares
New board voted in. Avin Lieberman comes on board with over 10 000000 shares
No talk of receivership or administration
Definitely planning for the future, steps toward separation from CNP.
CER earnt around 13c per share last year and are on track to beat that even with the economic downturn. I will be surprised if they don't announce a small dividend after extension.
CNP has only one bank to convince, CER is in a much better position with leverage.
Falling Australia dollar should have positive effect on earnings
falling interest rate will have positive effect on interest rates
Fantastic buying opportunity at 6.7c.
CER Price at posting:
6.7¢ Sentiment: Buy Disclosure: Held