Pity a trading halt for CER shareholders. A normal ASX announcement would have been far better. Locking T plus 3 traders into CER till Monday only causes these type traders to dump after trading halt, unless they see huge upside. In fact many of these traders may have little choice but to sell after trading halt. If insufficient buyers to absorb their stock the share price could easily fall.
Having stocks off the market like OZL currently only builds up a wave of selling, when trading does resume.
Anyway lets hope everything goes as planned for CNP/CER long term shareholders.
Last night also investigated a few more REIT's selling for huge discounts, so argument CER will quickly bounce up very high is probably flawed.
It is worth looking around this sector, because eventually the better quality ones will regain much of their true value.
I am starting to gather information & build watchlist of those listed real estate trusts than represent value.
Regards
Buffett
traders
-
- There are more pages in this discussion • 19 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)