I cannot understand why last nights announcement has not had a more favourable impact upon the price. Given the fact that the two businesses acquired compliment their normal activities, will improve cashflow and have been purchased at a good price, I would have backed it in that the price would have broken the 2c barrier. Long term this is bound to happen as more and more businesses turn to CBD for energy saving equipment and initiatives. Longer term I will be disappointed if the range 8 - 10 cents isn't reached.
CBD Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held