Minor price bump today, would say a potential pre-news boost but very low volumes. Hopefully just sellers drying up.
Motley, good research but very much replaying the CFE propaganda perspective. Taken in isolation, each one sounds good but played over a period of time and when digging into the actual results it does not match.
A little exercise I did about 6 months ago was to trace the strategy of CFE to spin off assets to other ASX companies. It appears that it is done and the CFE ownership is gradually diluted by share allocation to the inner circle before dropping off the registry.
The only thing that is for guaranteed is another director salary for TS, lease on a TS property and consultant fees to TS companies. Hence why I believe the FEL deal is simply to keep that revenue stream open for TS and as a vehicle for capital raising back into CFE.
I was watching the whole tax department thing, he didn't break the law but knows how to walk the line with some creative accounting to benefit only himself. (A hedge fund accountant, now they are a beacon of ethical practices - see GFC)
I can accept that often things do not work out but a performance based renumeration would be far more appropriate in assuring shareholder return.
I am going to continue to run the rule over the spin, secretly hoping he proves me wrong but not confident on past experience.
CFE Price at posting:
2.6¢ Sentiment: Hold Disclosure: Held
