Somehow I don't think we'll get a divi in this half. However the earnings guidance isn't as bad as I thought it would be. The $10.9mil loss suggests that the pre-abnormal figures might be better than expected, and were spoilt by write downs and impairment provisions.
27 February 2009 The Manager Company Announcements ASX Company Announcements Office SYDNEY NSW 2000 CP1 LIMITED (ASX code: CPK) HALF YEAR PROFIT GUIDANCE CP1 Limited announces that it expects to report a net loss after tax for the six months ended 31 December 2008 of $10.9 million, subject to the finalisation of the documentation of the Group’s banking facility extensions as announced on 23 February 2009. The result is attributable to impairments and write downs recognised following a review of the carrying value of certain vendor loans having regard to current external valuations, sales data and other market information. On this basis the company anticipates releasing its Financial Statements to market pre-open Monday 2 March 2009. CP1 LIMITED Caroline Lamshed Company Secretary
CPK Price at posting:
3.0¢ Sentiment: LT Buy Disclosure: Held
