CBA could buy their way out of the contract, plus we don't know what clauses are in the contract.
Either way the next 18 months aren't the issue, the potential disappearance of over 50% of their business going forward is.
The fact that CBA are doing this now rather than in 6-12 months time is the concerning part.
If the intention is the get a better deal from either HLI or another party why do it now?
Have CBA been approached by someone else with a good deal & HLI are being asked what they can offer?
There are far more potential negatives than positives from this announcement hence the sell off.
Ann: Update on CBA contract, page-22
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$4.19 |
Change
0.120(2.95%) |
Mkt cap ! $1.176B | |||
| Open | High | Low | Value | Volume |
| $4.07 | $4.20 | $4.03 | $6.266M | 1.510M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 15910 | $4.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.20 | 3000 | 1 |
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