agreed wholehaertedly and now cop this...S'corp margin lending decide to put up the margin required to 45% from 30% on CEU just after they increased their holdings by 50% in CEU. They increased to 7.5% or so. Why if they thought it was such a good buy did this happen? I'll tell you. So the price would drop for the retail bookbuild...punters having to bail to meet margin calls and then the bookbuild comes in at .335 cents against the insto b'build of 36.5 cents. Talk about a rort. We small fry get burnt again and this time Suncorp are in it up to their necks and big time. I for one sold half my CEU holdings in my margin account and did not buy the entitlement due to all this sliding around that Suncorp and others orchestrated. It is a parlous state of affairs when the so called regulators sit back and allow this stuff/manipulation/thuggery to happen. 2028 is the year of the financial tsunami of all time and it is going to sweep the planet as never before...Nostradamus prediction. The energy around the ASX is just awful with instos allowed to do this. No wonder they call them Banksters. Kharma knows and also recognises class or distinction...everyone is treated equally but those in high places that take advantage of their position are very harshly dealt with...very.
CEU Price at posting:
38.0¢ Sentiment: LT Buy Disclosure: Held
