CNU - Chorus

[Xerof]

Key also said "Chorus could go broke"

who paid any attention to that?

selective hearing is a common trait

[warthog]

Key also said "Chorus could go broke"

who paid any attention to that?

selective hearing is a common trait

Politicians say a lot of things.

Watch what they do, rather than listen to what they say.

[Longhaul]

Can anyone honestly believe that this government would let Chorus fail?

Disc - not a holder but might jump in this week.

[couta1]

Come on now guys saying the share price didn't drop because of political interference that's priceless, and I think you missed the whole point of what I was trying to say, a lot of people including myself were silly enough(Including the Aussie fund manager) to actually believe that the Govt would override the comcom as they strongly indicated so purchased CNU shares, we wouldn't have gone near them if the Govt had said we may be able to override the comcom but were not sure at this point

[fish]

[QUOTE=klid;446531]Any thoughts about the outcome of the high court case?

I am so glad chorus are taking com com to the high court.
Somehow i think they will be more impartial to the stong case that chorus has compared to the current rantings of those supporting com com.
What i particularly like is that there is precedent to the final price being back dated should the case run past december 2014

[couta1]

Agree Fish but how long and how much uncertainty in the mean time with no guaranteed good outcome for CNU and an election year on the horizon

[bull....]

i stick to my earlier calc 75 - 1.15 with no div

[couta1]

You know Bull I kinda hope your right that outcome would make me feel a whole lot better,cheers

[fish]

Agree Fish but how long and how much uncertainty in the mean time with no guaranteed good outcome for CNU and an election year on the horizon

its in everyones best interests for this to happen asap.
Until the final outcome is determined no one knows the final pricing.
I think com com decision making process will be taken apart by lawyers acting for chorus

[Bobcat.]

Since Chorus is pinning its hopes on a favourable High Court outcome, and with Christmas almost upon us, IMO it will be at least 4 months away, probably longer, before there is any significant boost to its share price (assuming the legal outcome is favourable!). Any rebound meanwhile will be short-term, technical and unlikely to be sustained.

I'm expecting a rebound to somewhere in the range 150-160 and then, until the legal uncertainty is resolved, trading in a narrow range between around 150 and as low as 130 (possibly lower depending on announcements re divi, government intervention (unlikely), etc). Anyone expecting a short-term recovery in this stock has to be dreaming. There is some trading opportunity but not a lot in my view...better prospects elsewhere for now.

BC