I agree I was thinking of buying shares in OIF until they destroyed their upside by taking money from an investor who I think was from South Africa at a very low ball price.
It does worry me in the back of my mind that CER maybe forced into doing something like this in December 2009. I know CNP will then be in breach of some of its covenants but seeing that banks own it anyway I dont think the bank shareholders will be to worried!
Mind you the upside of this article is that there should be less sellers due to other funds being cashed up and thus a higher price should be gain by anyone selling.
CER Price at posting:
9.9¢ Sentiment: LT Buy Disclosure: Held
