An LL purchase could present problems. It would mean that they are a majority shareholder the same as CNP is now. I would prefer that the lenders took over the CNP shareholding in CER and individually placed their shares on the market over a period. That way there would not be any majority shareholder. The SP could fall for a short period in which the small shareholders could increase their holding and CER would be truly independent. LL will probably buy management rights and we will once again have a majority shareholder managing the business with another cash cow scenerio. I'll admit they may be better than a bankrupt CNP as manager but that is a low benchmark to start from. Being better doesn't mean "great" or even "good".
- Forums
- ASX - By Stock
- could cer be welcomed back in club200 on fri
An LL purchase could present problems. It would mean that they...
Featured News
Add CER (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online