CBD 0.00% 1.1¢ cbd energy limited

finally i have reentered, page-6

  1. 725 Posts.
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    Hi Kiril,

    Thanks again for your contribution. You talked about taking a position being "very very high risk". Can you elaborate on that?

    According to my calculations HHL have 20 million shares remaining. It's not such a big overhang now especially at these low prices, only around $400,000 worth.

    I think the key is CBD proceeding with the merger and delivering on the forecast return to profitability next year. If this is achieved I suspect there will be a significant rerating of the share price.

    In the meantime, hopefully the selling pressure has subsided and we see at the very least a stable share price.

    Dreamcatcher
 
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