I think it will go up tomorrow. I think today's 2 cent drop was a result of a) T + 1 traders getting out b) People panicking when it initally fell. After falling quickly to 44.5, it recovered a cent at the close. Unless the Centro release was deliberately misleading, then the logical conclusion is that they are very close to completing the extension. I can't work out why they didn't stay in a trading halt until it's sorted though. The fact that they have chosen to resume trading indicates to me, that an extension is far more likely than administration - there will be hell to pay if they've allowed trading to continue if there is a good chance it's going under.
CNP Price at posting:
0.0¢ Sentiment: None Disclosure: Held