I am not a big poster, and have been following CKF for sometime. My understanding is that they indicated not long after their PL that NPAT would be 10-15% lower than their prospectus. The SP has halved. I don't consider it to be a "baskcase" - however the litmus test will be when they annouce their financials and hopefully divvies.
I don't expect the SP to move until it goes some positive exposure - nevertheless, I just jumped in at what appears to be the plateau point of $1.13. Someone is buying and that someone (Orbis) aren't in the business of losing money.
Time will tell - anyone know when the financial results are expected?
PS - the expected (however not promised) interest rate cute, could spur on discretionaires - hence my reason to jump in now rather than later.
This seems like a quiet thread, so any chatter would be appreciated.
cheers
CKF Price at posting:
$1.13 Sentiment: LT Buy Disclosure: Held
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