Contact Energy - CEN Chart

[macduffy]

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]

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]

Anyone looked at the balance sheet lately?

[Dr_Who]

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]

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]

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

[fish]

...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