Taking a look through the short sell data, it's interesting to...

Taking a look through the short sell data, it's interesting to see how the level of CNP shorts has stabilised in the 7-8 million range in the past couple of weeks. Below is the data back to mid May. As you will see, we have been above 14 million at a couple of points.

There has been a lot more neutral to positive news coming out on the company recently which is limiting the downside that shorters require to make money. The CAF sale last week, the imminent CAWF announcement and the potential for equity injection mean that a spike up in SP could occur at any time - not good to be caught short if this were to happen. This has resulted in the buy side of the CNP order book strengthening significantly which means it is harder and harder to make a cent or two by dumping large parcels into the market to force the price down.

CNP

22/07/2008 7,356,058
21/07/2008 7,430,082
20/07/2008
19/07/2008
18/07/2008 7,625,410
17/07/2008 7,488,989
16/07/2008 7,983,599
15/07/2008 7,360,138
14/07/2008 7,504,035
13/07/2008
12/07/2008
11/07/2008 7,084,387
10/07/2008 7,284,496
09/07/2008 7,166,872
08/07/2008 7,487,496
07/07/2008 7,538,871
06/07/2008
05/07/2008
04/07/2008 5,688,762
03/07/2008 6,941,926
02/07/2008 7,608,487
01/07/2008 7,703,899
30/06/2008 8,008,858
29/06/2008
28/06/2008
27/06/2008 8,110,749
26/06/2008 9,369,004
25/06/2008 10,643,174
24/06/2008 13,794,158
23/06/2008 11,214,553
22/06/2008
21/06/2008
20/06/2008 10,905,868
19/06/2009 12,881,236
18/06/2008 13,676,786
17/06/2008 13,211,932
16/06/2008 8,974,926
15/06/2008
14/06/2008
13/06/2008 9,730,689
12/06/2008 11,453,044
11/06/2008 12,309,940
10/06/2008 12,222,335
09/06/2008 Holiday
08/06/2008
07/06/2008
06/06/2008 8,767,559
05/06/2008 11,948,601
04/06/2008 8,177,265
03/06/2008 11,851,213
02/06/2008 12,568,128
01/06/2008
31/05/2008
30/05/2008 11,118,306
29/05/2008 14,258,542
28/05/2008 14,293,404
27/05/2008 14,267,625
26/05/2008 7,541,869
25/05/2008
24/05/2008
23/05/2008 14,150,288
22/05/2008 14,346,961
21/05/2008 14,576,376
20/05/2008 14,102,399
19/05/2008 10,571,355
18/05/2008
17/05/2008
16/05/2008 13,464,779
15/05/2008 13,404,950
14/05/2008 13,466,266
13/05/2008 13,562,654
12/05/2008 10,949,706