We are all currently looking at a fire sale scenario.
If all the companies on the ASX were considered in the same way, the share prices would be sliced.
The business has some value. The management may well have done a top job of relieving the shareholders of most of that value, but the business has a vulue, nevertheless.
We know that the Aussie assets are top notch, from a competitor, and we dont know about he o/s assets, but you would think that they were purcahsed under at least a ROE model.
I think that this stock will be volitile for a while. I think that the management and financiers will find common ground, and I think the share is worth much more than the closing price today.
HOw much more??? That i dont know...
I bought this AM
CNP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
