With the exception of the takeover offer, the rest of the news is awful.
- Distribution suspended to conserve cash
- Potential cap raising or asset sales
- Suggestion that debt facilities will need to be repaid by July 2010 (61m)
I see these factors as essentially killing any t/o premium. Pre-open price has dived.
Disappointing announcements to say the least; it looks like management was waiting for some "good news" to provide coverage for less apetizing revelations.
- Forums
- ASX - Day Trading
- daytrade diaries... monday
daytrade diaries... monday, page-32
-
- There are more pages in this discussion • 176 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online