I am just waiting to know the details of the stabilisation plan. The length of the extension is going to be 1 month if the plan isnt sorted out.
If there is a stabilisation plan, there would be very strict plan for them to follow, and the extension would be about 2-3years. To allow time for the fear of a bear market to die down, and prices of properties to come back to a normal level, and sell offs of some properties.
I hope to see the price over $1 in maybe 2years time, and maybe divs being paid from 3years from now.
CNP Price at posting:
8.7¢ Sentiment: Hold Disclosure: Held