Capitain does have one valid point. For the last few months we have been in limbo. However the last 12 months has had one benefit, the one year capital gains tax rule.
Having bought a big stake at under 3cents I was happy to see it get to 26c earlier this year and disappointed to watch it go down to 15c not long after. A rise back to trade around the 18 to 20c range was welcome and now to be trading at 25c again is good news.
So the fact is that even while treading water there has been the opportunity to profit even at these levels if you had faith in the fundamentals. Those that lost faith at the wrong time however had the chance to lose out big time. Those that confused CNP with CER and picked the wrong horse at the wrong time had the chance to lose out BIG BIG time.
Patience is the name of the CER game. Remember that "Centro" means more than just one thing.
CER Price at posting:
24.0¢ Sentiment: Hold Disclosure: Held
