Sorry folks....39p
Makes those that paid 1.28 for "new shares" look dumb.

I wrote: 1May,2008."...9 for 20 Rights issue at 1.28 - oh dear, another lender finding business is not "as usual" - ( this is effectively 1 for 2 = dilution. ) - so expect a sp fall to about 1.50 once the new shares are traded.

[CTT] was 4.50 in Jan07, C.2.50 Jan08 - how things change, eh?

EDIT-(21Oct08) - 21k-buy today, av. 37p represents only 0.01% - recent Dir Purchases have not been "significant" IMHO - that's 50k++ each.
ateeq180 - Why did it rise yesterday? - - - Was this Dir-purchase "known" perhaps?.....
EDIT-(5Nov)-Dir Buy yesterday 31k looks interesting, but not when the sp was 1.28 for the "Funding" - this Dir got a Bargain, so why not 100k a piece?

very volatile today this share,any reasons.

Cattles has rising debts and lack of funding...16p now.

5p is a fairer price.

hlyeo98, I'm not aware of "risiing ddeebt" - can you explain, I know they have to re-negotiate a 600m debt in June09 - but in-between they will have some money returned by way of repayments - recent Statement merely mentions delays in getting their Banking Licence - if they don't get this, will it ruin the compnany? I doubt it, it's just that it will be a smaller business, until the credit-crunch is over.

However, I do fear the sp will suffer, as there seems little "good-news" and today I read RNS cutting the Dividend for next year. (I'm surprised this wasn't done earlier...)
Currently 16p to buy.