Contact Energy - CEN Chart

**macduffy** · 09-06-2009, 04:38 PM

The problem is that the rumours have been doing the rounds for 2-3 years.

QUOTE.

Origin's 51.4% holding and two previous failed attempts at a takeover form a pretty solid basis for these rumours. Or at least, that's how the market sees it.

**troyvdh** · 09-06-2009, 05:23 PM

someone with balls is going to make money here soon.....me thinks that Origin cannot believe their luck......another company gone...gee what would it take to build again what CEN has ......2...3...4....billion.

**Stranger_Danger** · 09-06-2009, 06:26 PM

Anyone looked at the balance sheet lately?

**Dr_Who** · 10-06-2009, 11:23 AM

Originally Posted by Stranger_Danger

Anyone looked at the balance sheet lately?

Me think they may need to raise cash. After cash raising finish, then there could (maybe) a possibility that someone, just maybe, will have a look at CEN.

**BRICKS** · 11-06-2009, 10:54 AM

CEN has not dropped its share price as much as mooted, With a bad statement of profit
drop along with all the water still rising and the price HOLDS.. ??

**troyvdh** · 22-07-2009, 05:11 PM

...whats all this about....on reasonable volume to...cant be the div....safe haven perhaps....its got me b.......ed.

**fish** · 22-07-2009, 05:37 PM

Originally Posted by troyvdh

...whats all this about....on reasonable volume to...cant be the div....safe haven perhaps....its got me b.......ed.

This share has got little downside but massive upside-could easily be trading again in the $8 to $10 range within 18 months -if not on cash generation from its existing and new assets could be on takeover speculation .

I bought back into it heavily recently ( had to sell last year to convert nzo options )so am likely biased-but as they say do your own research and estimate where cen finances will likely be in 2 years time