No one suggested any "hallmarks" of pump and dump, just maybe we could see this along the way.
Yes agreed dumping volume on CNP is certainly gathering pace.
Debt supplemental package dated 25 Feb 2010 shows group debt (CER and CNP) of $17.8 bn in Debt on the books, and over $4.6bn or 26% is due to mature by Deb 2010, then another 6.7bn or 37% by 2011. Total debt due is 63%. I would say that qualifies as a lot of debt in the next two years.
Yes they have been rolling over debt over the past year and a half nicely and I hope they continue to do this. What I am saying is that have a lot more work to do and in a more favourable credit market with closing spreads.
CNP Price at posting:
21.5¢ Sentiment: Hold Disclosure: Held