look i'm not getting beyond myself here.. just that the fact CDR are afloat, retained key business and is attracting new business is a good sign. not saying its back to it former glory - never have. just that its on the road to recovery, albeit a slow one. market confidence doesnt come overnight.. first sign is the half yearly results then the full year results. if they want to instil confidence in the market they will meet their earnings guidance for FY08.
Also rights issue WILL NOT dilute current shareholder value so long as the shareholder takes up the rights issue. i am sure of this. the % share is technically suppose to be the same if you purchase all the shares allocated to you.
SPP might be a better option by CDR.. we'll see what happens.
anyhow 30c is a joke of a price that will not be around for too much longer. 23c was an absolute steal and was only ever reached because of fears of an impending fire-sale of assets. so no-1 was willing to risk 100% of their holdings on a company that was not going to be around for hte next 6 months. now that the going concern issue has been addressed.. market confidence has risen from the lows.. and atleast people are not scared they will lose 100% of their investment.. in fact at these prices you'd only lose money if CDR came out and downgraded their profit for their half yearly results.. which i highly doubt.. and although the margins were quite tight .. revenue is above forecast.. and looks to improve further during the year.. who knows.. the Chairman said surpassing the earnings guidance was a possibility - but was not willing to put that on the record.
CDR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
