Central has been known to have diluted shareholders significantly over the past years, from bean counter deals, gas sales (MBL) to run of the mill CR and a SPP. The share price has dropped by a staggering 75% since year 2012 and the company sentient and market perception of the organisation is low. A significant amount of healing is still required, but patient is now out of hospital and slowly but painfully recovering.
The above has resulted in the non-sophisticated investors being gun shy and the sophisticated are less then able to enter into penny stock territory due to their trading policies in most parts.
Based on above, the buying with intent to move upwards has very much dried out. There shall be a number of catalyst to have this share price move, once being the tyranny of time. There is still a distant affair before central pumps gas molecules into the Jemena pipeline and hence, no rush to jump into a ship that still prepares its self for a journey.
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