I think the loss of their capital is unfortunate, but...

I think the loss of their capital is unfortunate, but understandable and forgivable given the AAA rating and the market conditions at the time. Despite CFU's run of bad luck, until now I have been happy with management. Its a tough environment and you can't expect everything to always work out perfectly. Bad luck happens and even a degree of bad decision making is to be expected and tolerated.

What I find truly appalling is the Nuon deal falling through when it was clearly stated that if performance targets are met, then a large order would be made. "They changed their mind" just doesn't cut it.

Either CFU management intentionally misled us about the nature of the deal, or they were completely incompetent in drafting the contract. I can't see how this is any different to the current Andrew Forrest and FMG case.