KerryPacker and Lloyd Williams pick up placement a

  1. 365 Posts.
    Packer and co are winners again picking up 37.5 million rights to shares at 2.00 in CLI.

    It was not so long ago this stock was about 4 timnes this price.

    At 2.00 this equates to a pe of 3 which seems very cheap.

    Hopefully the price recovers and the december 19 meeting votes against this placement.
 
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