CGF 0.59% $6.79 challenger limited

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  1. 310 Posts.
    SGB hasn't gone yet.

    CGF has broken whatever uptrend was there. Since HY08 CFG will have suffered at least 65Mill additional losses due to mark to market of CIF. The other fund will, too, incur losses. The securitisation business is still on halt.

    Although they haven't made any formal statements as to the outlook, I expect a downgrade shortly. It must be evident that what brokers are telling people previously is off target and that the 15% 'threhold' is likely breached.
 
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