CNP 0.00% 4.0¢ cnpr group

just like pasminco

  1. 1,137 Posts.
    I once held Pasminco and was following it via the Rivkin Report at the time. Rene said after what eventuated he would never take directors statements on trust again. The SP got lower and lower due to debt, exchange rates and bad hedging arrangements with Zinc.
    I thought there must be some value and held on, but the final act was when it slipped off the ASX. No chance then to get out.
    Sure just like CNP - the shopping centres will still continue, as did the Zinc activities,but all to do with Pasminco went up to "money heaven" long ago.
    So be wary that CNP assets will continue, but CNP may not.
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