trading has ground to a halt again after getting knocked back from a move to 24 (wow wee) there is no keen (or even interested) buyers at these insane prices, and it is not because centros business is stink, i suspect that the SP is where it is because management (and possibly related parties) want it that way. looks like it's about to impolde so, i'd say it's a short down to 20c (not advice)
and for people that go on about "centro is down because the market is down" do a proper matematical corelation analysis between the all ords index and centro's share price. i don't need to, the correlation is obviously weak and essentially irrelevant. the market goes up - centro grovels the market goes down - centro grovels
CNP Price at posting:
0.0¢ Sentiment: None Disclosure: Held