An LL purchase could present problems. It would mean that they are a majority shareholder the same as CNP is now. I would prefer that the lenders took over the CNP shareholding in CER and individually placed their shares on the market over a period. That way there would not be any majority shareholder. The SP could fall for a short period in which the small shareholders could increase their holding and CER would be truly independent. LL will probably buy management rights and we will once again have a majority shareholder managing the business with another cash cow scenerio. I'll admit they may be better than a bankrupt CNP as manager but that is a low benchmark to start from. Being better doesn't mean "great" or even "good".
CER Price at posting:
36.0¢ Sentiment: Hold Disclosure: Held
