0909 [Dow Jones] STOCK CALL: Citi downgrades Commander Communications (CDR.AU) to Sell from Hold, says market unlikely to give benefit of doubt to company any longer. Notes debt levels have risen by A$83 million since June 30 due to a blow out in working capital in what would normally be a quiet period. Also says there is limited information on refinancing and limited earnings visibility. Says while company has put itself up for sale by opening a data room, group's A$300 million debt could deter potential buyers. Cuts target to 30 cents from A$1.10, CDR shares to resume trade today after long halt, last at 59.5 cents. (LMF)
0909 [Dow Jones] STOCK CALL: Citi downgrades Commander...
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Last
3.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.788M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000000 | 3.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.0¢ | 200000 | 1 |
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| Last trade - 16.12pm 12/07/2024 (20 minute delay) ? |
| CDR (ASX) Chart |
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