My instincts told me it would too but I must admit to being puzzled as to how the Origin BG outcome should have benefitted the Cen s/p.
Any comments?
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I suspect it's the excitement caused when a company ( or its parent, as in CEN's case ) is in play. Particularly when the Origin board has rejected the BG bid. A bit overdone IMO, it's the ORG coal seam methane that everyone wants and the CEN shareholding may be a bit irrelevant to another bidder, as it is/was to BG.
Having said that, CEN remains a core portfolio stock for me.
;)
WELL the wick in the engine seems to have gone out, and looking at the terms of the Oz takeover they appears to be NO reason for an NZ t/o of CEN could be BIZ as usual for some time to come whatever happens in Oz so you have to look to CEN to stand on its own feet.
So BUY or look at the div is low and the price out look or headed for a three year low at BEST bet put on your RADAR..
Cen has been on the watch list for a long while but now the Bricks indicator is suggesting a sell
WELL its been said nobody wants CEN, alive or dead with a 65% holding they cant sell as a whole other wise the buyer has to take 100% of the company not these days so its nose dive time, but on the good side is its a top company if only the Div rate was higher..
Mite be a couple of 19% buyers hanging around so we will just have to WATCH..
Just have to wait for it to bottom out mate. Not yet seen the bottom.