CPL 0.00% 2.2¢ csl finance plc

Yes JGO, Im sure we all share your frustrations. A high...

  1. 2,070 Posts.
    Yes JGO, Im sure we all share your frustrations. A high confidence NPV val of $2.1bn is a high confidence NPV val of $2.1bn. Not sure it has anything to do with the content of the BFS, so why the sp weakness?

    Possibles

    - Following the BFS release 25m shares were issued to project vendors, perhaps a few of these are finding its way to market? This would create a temporary stock overhang position which should correct itself in time. I cant confirm this but seems a likely scenario.

    - WE need peak funding of $900m some of which should be debt funded, some equity component. There's potentially a lot to be gained from financiers to suppress the sp during negotiation?

    - Price suppression to make a modest takeover bid look attractive? Theres been so much takeover speculation surrounding CPL its not funny, I dont know where it comes from but perhaps theres a sliver of truth behind it. Probbaly the least likely scenario.

    I guess its only an issue if you need to sell now but still frustrating nonetheless.

    Others thoughts welcome.

    All IMHO only

    Good luck to holders
 
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