CNP 0.00% 4.0¢ cnpr group

I think it will go up tomorrow. I think today's 2 cent drop was...

  1. 332 Posts.
    lightbulb Created with Sketch. 1
    I think it will go up tomorrow.
    I think today's 2 cent drop was a result of
    a) T + 1 traders getting out
    b) People panicking when it initally fell.
    After falling quickly to 44.5, it recovered a cent at the close.
    Unless the Centro release was deliberately misleading, then the logical conclusion is that they are very close to completing the extension.
    I can't work out why they didn't stay in a trading halt until it's sorted though.
    The fact that they have chosen to resume trading indicates to me, that an extension is far more likely than administration - there will be hell to pay if they've allowed trading to continue if there is a good chance it's going under.
 
watchlist Created with Sketch. Add CNP (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.