CTP 0.00% 5.3¢ central petroleum limited

You're easy pleased, i need twenty five cents.With all the on...

  1. 5,526 Posts.
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    You're easy pleased, i need twenty five cents.
    With all the on goings, i can't believe CTP is struggling to hold sixteen cents.

    Macquarie (MQG) made a low ball take over offer of twenty cents.
    That must have been a tongue in cheek offer.
    Yet the share price has never recaptured that twenty cent share price on the rejection of the offer.

    Yet CTP is a well run, profitable, producing company.
    Has 99 employees, sales of $38 million revenue for the second half of the financial year.
    Sadly, has debt of $64 million.

    But the share price should easily be double the current share price, in my own opinion.
 
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