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- 3 July 2009
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CEU is one of several disappointing toll way floats, Lane Cove tunnel, Rivercity Motorway smack of the same problem. Dodgy projections in the traffic flows pre float and then terrible results post float. I think it is going to be extremely difficult to get subscribers to future toll way floats unless there is a big turnaround in the above mentioned companies. CEU is holding its price but still a big loss for prospectus investors, Rivercity $1.00 shares look pretty sick at 0.03c the only winner is the Queensland government, they got the tunnel and the shareholders got the pineapple. Unless they put some money in to keep it afloat they will never get a public/private float up again. Lets not forget Brisconnect what a debarcle that is and its not finished yet.
The only sensible thing to do is as you say buy shares for you grand kids, but why would you buy in the above, if they go belly up the grand kids get the pineapple too. There has to be better long term value than the above mentioned, if there isn't we are in a lot of trouble.
The only sensible thing to do is as you say buy shares for you grand kids, but why would you buy in the above, if they go belly up the grand kids get the pineapple too. There has to be better long term value than the above mentioned, if there isn't we are in a lot of trouble.