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Is this a break-out finally? Cattles (CTT)     

stockbunny - 05 Nov 2004 16:09

graph.php?enableRSI=true&showROC=true&en

ateeq180 - 20 Oct 2008 15:46 - 45 of 47

very volatile today this share,any reasons.

hlyeo98 - 19 Dec 2008 12:08 - 46 of 47

Chart.aspx?Provider=EODIntra&Code=CTT&Si

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

5p is a fairer price.

hangon - 19 Dec 2008 13:52 - 47 of 47

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.
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