Question23 Jan 2012 09:32
As a relative newbie, and new today to CNE, could anyone more experienced tell me what the line about returning money to shareholders in February 2012 is likely to actually mean
"Proposed return of $3.5 billion to shareholders February 2012"
i.e. it sounds like something of the order of $2.5US per share (or approx 156p) which sounds too good to be true, and what's more I'd expect the SP to surge much higher than it has (although admittedly its been impressive) on such a figure. Am I being ludicrously naive here? I've bought in this morning but missed the rush so am currently on a small loss and am wondering if I've made a mistake.