i am more upset with the effect this has had on CEU.
clearly 2 different companies but CEU is being treated like TCL, where as CEU is a sigle asset vehicle.
while CEU is paying out $0.105 pa until 2010, in 2010 dividend payments will be made from cash flow.
CEU doesnt need a capital injection, has its debt hedge until 2011 and people still sell it down.
I think TCL is doing a good thing but i would only look at buying into TCL once is in the very low $4's.
I wonder if they were dumping their CEU holding, if they didnt well i expect they might make a play for CEU again.
As for MIG, best option there would be for MQG to take it private.
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