CEN or SKC one must go

[info]

Hi,

I own shares in both CEN and SKC but want to sell one to invest more into the ASX any ideas which is likely to have the best prospects for the future and should be keept? any advice would be much appreciated.

Thanks,

[Paper Tiger]

Have you considered selling both?

[craic]

I too have some of both.On balance, I have more confidence in the future of CEN, partly because they MAY be a takeover target.

[minimoke]

Tim Saunders is a Director of CEN and was the Chairman of the FTX board. Look at where FTX was a few years ago, where it is now and how it got there. This might give you a clue.

[CAM]

Why not just sell some of each??

[limegreen]

I'd sell both. If I had to pick one, I'd probably keep CEN, although neither currently look compelling. Neither have made a compelling new high in well over a year. Doldrums.

http://img.photobucket.com/albums/v361/limegreenz/cen3oct06.gif

[info]

Thanks, sounds like im best to sell both.

[Kookaburra]

Sell both Take advantage of the high exchange and buy Aus growth company because you will lose the franking credits on dividends.

[Placebo]

Actually info I am interested to know what u are considering in Australia?

[info]

quote:Originally posted by Placebo

Actually info I am interested to know what u are considering in Australia?


Either AGS, CMR or EQN im not what you would call an astute investor i mainly go off other posts and hype.

AGS is getting good reviews in the forums.

I had some CMR that i got for $3.98 not long ago and it went to ~$4.70 so i decided i would try a stop loss at what i payed for it thinking if it droped %15 then it would prob go lower then one day it droped triggered the stop and closed at about $4.20 was pritty gutted keen to get it back, also rated at a buy by Huntleys.

EQN is rated as a speculative buy from Huntleys up to $2.15
EQN focuses on development of 100% owned Lumwana in the Zambian Copperbelt. Lumwana is one of the world's largest undeveloped copper deposits with resources of 6.3Mt of copper and 21.9Mlbs of uranium. The in ground value is approximately A$70bn at spot prices. Lumwana should produce an average of 150,000tpa of copper over a 37 year mine life with potential for cobalt and gold by-product credits. Higher output is planned for the first six years from early 2008. EQN is an aggressive growth copper play with development and exploration upside. There is significant liquidity, development and sovereign risk.