the broker in question was CitiBank, the same guys that lost billions on sub prime and also said to sell NAB at $27!!!
the biggest risk is the traffic forecasts now, either they were overstated the market is selling because of tax loss related selling.
if the forecasts had even a hint of being overstated by would TCL end up holding over 6% a few months back? the answer is that they said they wouldnt buy an over inflated asset, they could probably pick up CEU for $2 even now, if they had of tried that last year it would of had to of been well over $2.
CEU Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
