The share market determines what is fair value based on all the information at hand.
My worry is that "No Charges Have Been Laid" yet. What charges will be laid against the company in future?
Hence why im sitting on the sidelines until things are clear.
If it doesnt go sub $10 ill just look for value elsewhere, I think CWN is a good company but needs to work through these problems.
What if they have to divest their China business as a worst case scenario? and how will this scandal affect a Japan bid with fierce competition. Sydney isnt looking as promising as it used too. How much will a gold coast casino cost? These are my worries as a potential investor.
CWN Price at posting:
$11.82 Sentiment: None Disclosure: Not Held