"exactly what I did too Londoner, twas a no brainer, pumped up so the could get a higher price for the raising"
Well I did not. Maybe no brains. could very well be. Charlie Aitken of Southern Cross Equities was of the view there would be no raising. Myself I did not know one way or another. My intention is to take this offer. post raising and debt tranche A repasyment...I estimate the ICR to be about 2.5. I did not realise that an ICR of 1.1 is DEFAULT time. I am an ardent believer in this story.
watch for CP2. They already own 27%.
sanjay Malhotra who used to be the infrastructure analyst at CITI and was let go is now head of infrastructure analysis at Sothern Cross. He first pointed to the ICR last year at CITI. He is now recommending CEU
CEU Price at posting:
37.3¢ Sentiment: Hold Disclosure: Held