Another big buy order has seen them bounce up a little , seems to me Orbis is moving to 19.9% to sit and wait for a take out bid, take it themselves,offer CNP an out ,or block a bid they anticipate.
As a fund manager with good history , I cant see how they would be simply punting the stock , but rather there is a serious strategy yet to emerge that could be one of those I mentioned or something I am yet to see, whatever it is a buyer of such note has to good for cnp and cer in the longer term
I hold cnp and a very small amount of cer
CER Price at posting:
10.0¢ Sentiment: Hold Disclosure: Held
