Concon buying up large after beating the price to nudda. Watch now for their change of tune.
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Concon buying up large after beating the price to nudda. Watch now for their change of tune.
"Web use set to surge as online views grow"
- Kiwi households predicted to triple their internet usage by 2018.
http://www.nzherald.co.nz/technology...ectid=11274580
Thanks for link Trix. I think change is really happening around broadband demand. Have you noticed how many smaller communities who are not part of the UFB roll are now starting to complain (even though the Rural Broadband Initiative delivers very good internet).
Would you buy a house if it didn't have access to VDSL or fibre? A friend of mine was set to buy a nice little cottage by the sea but decided against it when he discovered it only had marginal internet with no likely upgrade. I think things are really starting to change.
http://www.stuff.co.nz/business/indu...g-in-September
I didn't warm to the last couple of sentences in the article. Is the likely outcome being telegraphed here?
This is a concern alright and although some think all the bad news has been priced in I'm left wondering if the share price will drop if this next decision goes against CNU coupled with the uncertainty of the outcome of the delayed FPP decision, this is a tough stock to figure out. Disc-Holding again but with a light grip
Well I decided to bail today (purchased again in early June). This confirms that any form of nuclear option (even a subtle one like presently proposed) is still subject to the whim of a bunch of bureaucrats. I wasn’t really expecting that their new products would be subject to that scrutiny. It seems like a crap shoot to me with the comcom involved at every step.
Will wait for good news (if any!).
Ditto except on Monday if the new products get slammed I think the price will drop IMHO I don't believe that bad news is currently priced in , the comcom will be out to stick the knife in again especially if they know the FPP is going to go in CNUs favour which of course they may?
We'll, I don't blame anyone for selling but I'm just going to keep on holding. I'm hoping that the new Chorus wholesale plans will dramatically increase demand for UFB over the next 1-2 years and copper, at least regulated copper, will become less relevant. I see Slingshot is moving to upgrade everyone of it UFB customers, free of charge, to the 100/20 product which Chorus sells for $40 per month. Ok, Slingshot is not a big player and, even with its purchase of Orcon, it's tiny compared to VF and Spark. But VF and Spark will follow soon enough and if 100/20 is the new entry level, fewer and fewer people will be happier staying with silly old ADSL. For just $10 more they could have speeds 8-10 times faster down and a whopping 40 times faster up. Who wouldn't want that with Lightbox and Netflix just around the corner?
By the end of the year 400,000 New Zealanders will have access to UFB which is wholesaled by Chorus. At some point, and I don't know when, having UFB will be as common as having a TV. Fibre is the Future :)
Yes in the future ...the next 10 years fibre communications will be huge with applications we haven't thought of yet..This Tech revolution is getting faster and accelerating....just have to think 10 years ago we had this new product from Telecom called Jetstream 256kb/s download speed with 1 GB cap or was it 700mb cap?
List of Countries with the fastest internet speeds NZ just below OECD average...(NZ is well ahead of Aussi :))
List of Countries in order with the lowest pricing NZ still 60% more expensive than the OECD average (NZ cheaper than Aussi :))
Statistics from Ookla speed test results
Test your speed and see how you rate within NZ and Globally here
Here's mine Orcon 30/10 fibre plan.. no data caps...voip phone free national calling etc.. $99/month...
Of interest...My fibre to the gate details (Note: the date!!!!)
http://i458.photobucket.com/albums/qq306/Hoop_1/aa.png
Early last year I rang Vodafone saying I wanted to upgrade fibre connection. "We don't do fibre as there's no demand as you like others don't have fibre services to the gate yet" ..I said I have had it for over 15 months now and they said I was wrong..Sick of exceeding data caps resulting in dialup speed and paying $150 /month (doubled up data) I shifted to Orcon..
http://i458.photobucket.com/albums/q...st07072014.png
Cool. I think Orcon/Slingshot are moving to default, free of charge, 100/20 plans
Edit: here's the promise Slingshot made:
http://www.scoop.co.nz/stories/BU140...ibre-plans.htm
http://business.scoop.co.nz/2014/07/...us-regulation/
"At a workshop the commission held on June 20, industry participants were concerned the proposed changes to the UBA services were unclear and may adversely impact consumers, the regulator said in a statement."
I wonder who the "industry participants" were. Would this mean Telcos?
We're about to cross the 200 Day MA... its been a long time coming :)
Anybody been through this light reading released today for your pleasure?
https://www.nzx.com/files/attachments/196673.pdf
Good news for CNU
http://www.stuff.co.nz/technology/di...w-zealand.html
An email from Orcon tonight..
Heres a part of it, quote...."We’re happy to let you know that we’re updating our Fibre 100 plans very soon. It’ll mean faster speeds at a lower price, which is always good news. You’ll be able to enjoy more HD streaming, gaming, downloading and browsing with less waiting.
We’ll be in touch as soon as it’s ready to order!"
Copper still lives
http://mobile.extremetech.com/latest...t-by-bell-labs
I'm doing my bit to support the share price. Yesterday, I ordered through Telecom a Naked DSL circuit across Fibre (30 downstream / 10 upstream) at $75/mnth for 80Gb which can be easily uplifted (software config only) to $89/mnth for 150Gb. Currently there is no cost for a modem or for Chorus installation in return for signing a 12 month contract.
To compensate for losing my landline, I'm paying an additional $6 per month (favourite number) for my wife to call her folks up north every week, and may need to upgrade my mobile plan (but not by much). The $46 I save in relinquishing my local number means I'll be paying about the same per month as I do now for a landline + ADSL2 (10 down / 3 up).
End result: Three times faster broadband, better technology, more efficient trading/investment management and more bandwidth capacity for my family of 6's WiFi connections. Installation is next week.
Orcon, Vodafone and others will no doubt try to compete with Telecom on this, and good luck to them...but I for one am now a lot more comfortable dealing with Telecom than I was 10 years ago. Keeping a local Help Desk, for example, is a big plus IMO. Good riddance Theresa Gattung...and thank you Paul Reynolds for turning this backbone NZ company around.
Chorus covered off g.fast tech in its presentation to investors a few months back. If you haven't seen the presentations, you can find them on the Chorus website. They're very good and really do show just how much fibre really is the future.
Two things I remember. For g.fast to work a consumer has to be really close to a cabinet. I think the figure was 300 metres or less. Contrast this with fibre - I don't think there's any maximum distance but ciorrect me if I'm wrong.
The other thing is that all this fancy new copper tech will still be fed by fibre. You might have copper to your house. But down the road a bit there'll be exchanges that are connected to the ufb network.
Still, g.fast will be a great alternative to a few that won't have access to ufb.
Paul Reynolds did not nothing to turn Telecom around. He was just an alibi to have a good PR when everything has turned custards, IMHO. Simon Moutter is the one trying now to SPARK it up and we will see whether an ember is there when the EOY data is presented soon.
Yes, I agree that Moutter has had a lot to do with Telecom NZ's turnaround story...but under Reynold's leadership for a few years.
I've since reconsidered taking up Telecom/Spark's UFB offer and after better investigating my options (and under some advice from posters here) have negotiated a better deal with Slingshot:
30/10 UFB with a 80GB data cap for $75/mnth, with land-line facility, geo-blocking unblocked, 500MB cloud storage for a year, roll over data and free installation (including a modem at no charge).
Telecom could only offer at the same price 30/10 UFB with a 80GB data cap and free installation.
Other Slingshot options are:
30/10 UFB with uncapped data for $89/mnth
100Mbps downstream UFB capped to 80GB data...for $109/mnth
100Mbps downstream UFB with uncapped data for $129/mnth
Installation later this month. Onward and upward.
BC
I was thinking that CNU would prefer for the value of copper to be higher rather than lower, and if technology finds way to effectively continue using the copper network then that would support higher wholesale broadband prices , even if it did slow the uptake of fibre.
Can anybody tell me why a static IP address could be an improvement to this deal I've negotiated with Slingshot, which currently uses dynamic IP addressing? Does having a static IP address merely speed up time to initially connect, or are there other advantages?
(I normally leave my connection up for several days, simply putting my computer to 'sleep' at nights).
Pros and cons of dynamic vs static?
Meanwhile, I'll google to see what I can fathom.
Cheers,
BC
Edit: I found this:
"Most users do not need static IP addresses. Static IP addresses normally matter more when external devices or websites need to remember your IP address. One example is VPN / remote access solutions that trust (whitelist) certain IPs.
A static IP address is not required if you are hosting a server, although it does simplify the set-up process. One option for hosting a server on an Internet connection with a dynamic IP Address is to use Dynamic DNS. When your IP address changes, your DNS entry is automatically updated with your new IP address. "
https://support.google.com/fiber/answer/3547208?hl=en
..and this:
"Static IP addresses are more reliable for Voice over Internet Protocol (VOIP), more reliable to host a gaming website or to play X-Box, Play Station, use Virtual Private Network for secure access to files from your company network computer, etc. Static IP addresses are also great if you use your computer as a server, as it should give your file server faster file uploads and downloads. Another plus with Static IP's, when hosting a website you are not sharing your IP with another company who sends out a lot of E-mail SPAM and not only has their website been shut down but in turn gets your IP address blacklisted.
A static IP address can become a security risk, because the address is always the same. Static IP's are easier to track for data mining companies. Static IP addressing is less cost effective than Dynamic IP Addressing. Dynamic IP addressing [however] is less reliable than Static IP addressing and could cause the service to disconnect while you are on a VOIP, VPN or gaming on-line.
Dynamic addressing is usually used by ISP's so that one IP address can be assigned to several users, however some ISP's use Sticky Dynamic IP Addressing and do not change the IP address very often."
http://whatismyipaddress.com/dynamic-static
So in conclusion, unless I'm running VoIP, PS/Xbox, or a Secure VPN (e.g. to work), or running a server application, or doing a lot of on-line gaming, then dynamic IP Addressing (being more secure and free) will do me fine...which is probably just as well since it would appear that most ISP's don't currently offer static IPs for residential Fibre products...well as least not without an extra charge. I will however ask Slingshot as to whether they use 'Sticky Dynamic IP Addressing' which sounds like it could be a decent compromise.
Have I missed anything?
Hi Bobcat,
Your pastes cover most of it off. To summarise, most typical internet users have no use for a dynamic IP addy. Basically if you've never had cause to specifically ring your ISP and ask for one in the past, chances are you won't be needing it in the future either. The two main reasons for getting a static IP include:
- Hosting servers of some description - web server, file server, games server etc. A static IP address will allow you to access your router by connecting directly to your ip address (e.g. http://202.166.24.10 to connect to your web server) or point a domain name to it (so you can go to http://mydomain.co.nz). The router will then need to be configured to forward specific 'ports' (e.g. port 80 for a web browser) to the correct server on your internal network. Modern devices like NAS devices which provide built in servers to share you backed up files over the net, or provide web interfaces to set up downloads to start etc at home have made this a bit more common. Even then, most people will never need to host a server, and even if they do there are options (see below) to work around the limitations of a dynamic IP address
- Needing to regularly connect to secure servers (such as a VPN) which need specific IP 'approved' addresses to be whitelisted in advance.
With hosting 'stuff', there is generally a perfectly acceptable workaround if you are on a dynamic IP address called dynamic DNS. Services such as no-ip.com or dnsdynamic.org allow you to create a free address (e.g. yourname.no-ip.org) which points to your dynamic ip address. A lot of routers (or NAS devices) allow you to configure them with these services so that they regularly update your address to point to the correct IP address - effectively mitigating the downsides of having a dynamic IP (if your router is configured you can now just go to http://yourname-no-ip.org & it should connect successfully through)
Hope that makes a bit of sense. Check out http://en.wikipedia.org/wiki/Dynamic_DNS for more info.
"Judges probe as Chorus appeals CommComm pricing"
http://www.nbr.co.nz/article/judges-...cing-bd-160062
"UBS rates out-of-favour Chorus a 'buy', Telecom cut to a 'sell'."
http://www.nbr.co.nz/article/ubs-rat...sell-bd-160104
Thanks Mista Trix, one of those two articles has encouraged people as it has slowly ticked up over the last couple of days... Leaky ship?
FNZC also upgraded to buy recently. The catalyst for the upgrade was the capital management initiatives which significantly lowered (not eliminated) the risk of a dillutive capital raising.
Unfortuantely, I think it will be a while before the share price recovers to anything like it was before the hypocritical and self-serving Telcom Users Association and the misguided anti-Commerce Commission decided that Chorus should not be allowed to carry on its business in a manner which allows it to earn a reasonable return on the shareholders' capital.
Concon, Chorus made a reasonable profit! How dear you allow this to happen. You'll have use the FPP to lower the price even more. Simply not good enough.
http://www.chorus.co.nz/chorus-full-...ry-uncertainty
The result was more or less in line with expectations and (IMHO) contained nothing to get excited about. Everything still hinges on achieving a more realistic regulatory outlook.
FWIW, FNZC has maintained the outperform rating and slightly increased its target price.
"OPINION: Chorus' certain uncertainty"
http://www.nbr.co.nz/article/guest-o...orus-th-162580
I suspect there's only a few of us still holding Chorus. Most people sensibly sold long ago.
Anyway, I see CNU has increased a little since the election, as could have been expected. The new National Government may or may not be able/willing to provide greater regulatory certainty but they are certainly not going to make things worse than they are at the moment for the company, not if they can help it. Labour on the other hand was proposing a review of the UFB roll out and I got the distinct impression that the opposition Communication's spokesperson did not care for Chorus.
Regardless of what the Commerce Commission comes up with, the proposed expansion of the UFB by the Government should have a positive affect on the company and more and more people are moving to fibre. Maybe in a year or two I'll break even in what has been a woeful investment.
For every seller there is a buyer.I have lost on chorus but gained as much on contact and genesis.
I suspect there are still as many holders as before but we mainly hear from those boasting they sold thus distorting your perception.
I am currently in the uk and its interesting to see trends.The youth of today seem to be moving from tv to Netflix hence slowing broadband and pressurizing households to move to fibre.
Fibre is the future.
John Key wants fibre to be successful and it will happen
The dispute with the regulator will be sorted to enable chorus to be successful.
Patience will be rewarded
Technically, CNU made a notable breakout through the horizontal resistance around $1.79, closing the gap from all the way back in Nov'13 when it gapped down to around $1.50 and continued down from there to the intraday low of $1.27 on 6 Dec'13. That resistance at $1.79 is now price support, it will likely be re-tested in the not too distant future though the good news is CNU is out of the doldrums at the moment. There are only vague resistance points between here and the collapse in Nov'13 around $2.45.
The market is still a long way from pricing in the national win.
They did not have the majority needed to alter the telecommunications act to reflect that enhanced broadband copper needs to be priced fairly rather than com com being able to dictate that this should be priced from December at slow copper speeds.
Uncertainty in December about final pricing will mean that spark and vodaphone will not pass on the reduced copper price hence Amy Adams will have a good reason to intervene and revise com com pricing methods to give a win win scenario for everyone.
I've lost way too much money on this stock to have any great confidence in it until the egg is hatched, there may be an unexpected twist or sting left before it once again becomes a stable dividend paying stock and even then things could turn for the worse when we end up with another Labor/Greens Govt, a great shame because it shouldn't be this way with a stock like Chorus. Disc-Have been in and out a couple of times but not interested in holding long term again yet.
Couta you must do whatever you feel most comfortable with and I think I am correct in saying time has proven that your decision to sell was far better than my decision to hold and keep on buying.
I am sitting on a big holding in chorus and paying margin interest rates so my strategy is not for the feint- hearted nor for those without other income.
I always buy for the long-term but somehow trade more than anticipated to keep my stocks in balance and to take advantage of fluctuations in the market.
Chorus purchasing to me fits in with Warren Buffett principles and I bought a lot more on Monday financed by selling a few contact when they rose more than expected on the same day
"Chorus sees growth in high-speed connections"
http://www.nzherald.co.nz/business/n...ectid=11338350
Best closing price for a while on good volume too - encouraging, am still holding but they owe me a bit more than $1.88!
We seem to have different understandings and you are entitled to your belief.
Important buffet principles--
The principles included:
1.Purchase businesses with excellent long-term prospects
2.Purchase businesses at a large discount to their intrinsic value
3.Purchase businesses with a high return on invested capital
4.Purchase businesses with honest managers
Clearly he wouldn't have bought at 3.50 with impending com com decision
Post election changes the value but not yet recognized fully by market-Would buffet have noticed?
I'm constantly amused by posts on this thread from investors hoping that the government will help out the Chorus monopoly by castrating the Commerce Commission. It just seems a bit desperate to me.
Good luck to them on the fibre rollout but count me out of wanting higher broadband prices to help your shareholding.
The market is waking up to the fact that com com has not compared apples with apples and will be forced to value chorus prices for copper in relation to a fair return on asset value .At close today chorus is up to 1.92 and 3 times as many buyers as sellers.
It has nothing to do with castrating com com .It may not require government intervention nor an increase in the price of your broadband.
Do you honestly believe that spark and vodaphone will pass on the reduction in price of copper in December?
I think also if you look at fibre uptake, those on copper will not stay there long. The requirement for data is growing exponentially.
I've recently moved online with music - streaming rather than playing what I already own, its more interesting, and learns what you like and feeds it to you. I honestly find it a lot easier than flicking through my endless *.mp3s - "Internet, play me something that I'll like", is so much easier.
Apply this same logic to TV and Movies (legitimately or not), and boom.
They've made access to legal music easier than trying to find it illegally, as soon as they do that for the rest of consumable media you're going to see data use exponentially take off.
I'm sitting on 32% gains on this. I was lucky enough to buck out early and didn't get hit too badly when it dropped. Long may she steadily climb. The slower and stabler the better :)
Can you imagine the hypocritical calls for the Government to intervene if the Com Com valued Chorus' UBA price well above $45 as a result of the FPP? It would be funny to watch. All of the sudden there'd be people demanding that the "Government do something" and RSPs and their PR hacks would be "outraged". Ok, I know this is fantasy but its something I like to think about.
Worth 3.02 IMHO but very hard to value.
Calculated / guessed as follows - criticism welcome!
- CNE NPAT was 38cps and EBIT 80cps at the last 08/14 report
- They *could* therefore pay a div - but that would undermine their strategy of bleating to the govt / comcom.
- Once the bleating process is over - they'll pay divs - CNU say 'no div before June 2015'
So, making allowances / wild guesses at loss of income (from the comcom decision and atrophy of the land line business) AND gain of income (fibre uptake)
14h1 14 fy 15 fy 16 17 18 rev 535 1070 1000 930 950 970 exp 206 412 400 400 400 400 ebitda 329 658 600 530 550 570 d+a 162 324 324 324 324 324 EBIT 167 334 276 206 226 246 int 59 118 118 118 118 118 ebt 108 216 158 88 108 128 tax 30 60 47.4 26.4 32.4 38.4 npat 78 156 110.6 61.6 75.6 89.6 eps 0.195 0.39 0.2765 0.154 0.189 0.224
div 0 0 0.08295 0.077 0.1323 0.1792
Other factors:
- The government is CNU's partner. I think this is a good thing.
- Is fibre going to take off? I guess it will.
Woah, CNU just touched $2 this afternoon.
Time to buy back in?
Unfortunately you can't right off the Con.Con's influence yet and a draft proposal against the best interests of CNU could kick the current advance in share price back into touch IMHO.
While the media remains negative and bitches about CNU's future, CNU's shareprice has been quietly going about doing its own business...A month ago after a lengthy trading range period it finally broke out and triggered mass TA buy signals ...and has since gained 10% ...To date it is still in the same uptrend ...It was not affected by the recent NZX weakness...
Disc: hold (accumulating)..
Not sure - as I see it, the fundamentals haven't changed, and the com com risk is difficult to calculate. Just sold my shares - with an overall gain (not sure, whether I expected 6 months ago to make money with this stock ....).
Anyway - good luck to all the holders and newcomers. It is a fine monopolistic company, just think that the SP is currently more driven by hype and TA instead of by fundamentals - unless somebody knows more that we do.
I remember analysts valuing CNU at ~$1.90 despite comcom. Maybe it was just oversold?
I've got a long way to go before I even break even. However, looks like fibre uptake is increasing dramatically. Chorus is now connecting over 3000 households and businesses each month and this number is growing. All of this is helped by great ISPs like Bigpipe and new to the market Myrepublic offering Chorus' commercial non regulated fibre plans.
Edit: I see Sky is launching it's on-demand video service in a couple of months at a $20 price tag and Netflix could be here next year. Lightbox is already up and running. All of this has to benefit Chorus and fibre uptake.
If the draft in December is favorable then the FPP in April will also be favorable and the price will contiue to head north plus a divvy will also be back on the table but if its unfavourable then uncertainty will return and we all know what that means.
Finally, some reason for cheer with this beleaguered stock.
Sept 25th saw CNU get some legs and break up through med/long term resistance at $1.80. I confess to taking a gamble and bought (accumulated) early on the break through the daily 14EMA at $1.75, though with a tight stop just in case. Since then though, it has enjoyed sustained buying pressure and even popped up through the rising channel.
The price close Friday has even more TA significance, not just for the aforementioned breakout, but more so for the breakout up through horizontal support from the sickening weekly closes of Nov8th/13th 2013. See the weekly chart.
:t_up:
I'd expect for a healthy trend to continue, some profit taking should emerge about now, which if soon, would likely see a back test of support at least $2.00-$2.03, probably $1.93-$1.95.
Nevertheless, finally a nice chart for CNU. It's been awhile.
After reading through the AGM presentations etc I'm scratching my head as to why you would pay $2.10 for these shares at this point in time. The presentations show just how much of a minefield the company has yet to negotiate not just over the next few months but also beyond 2020 unless a lot more regulatory certainty comes into play.Good luck to those buying at the moment I hope you don't take a hit but I feel caution is in order but DYOR.
tend to agree ... but I guess it is at this stage probably more traders trying to ride the swell - and good on them, who knows how long it keeps rising? Just take care not to miss the peak :scared:.
Discl: chickened out recently - surfing the waves is not my thing.
I tried to value Chorus after the price fell of a cliff and the SP was about $1.40. I couldn't even justify that price and I don't think anything has materially changed since then.
Obviously any value depends on what happens with the Commerce Commission. Maybe there are a few leaks from there that are helping the price rise? Or is it just a gamble that the regulated price will rise?
Chorus is pretty hard to value because so much relies on the future price they can charge for services (which may or may not be regulated), plus the PV of the huge interest-free loans from gummint.
A bit of a risky bet for a utility.
Are we witnessing an increased flow of money from market darlings to outcasts? Something I couldn't grasp at the start of the year was the market's seemingly self-contradictory fetish for internet companies and misgivings about fibre.
What value method did you use and what revenue numbers? Any consideration for Fibre uptake? I notice all the research reports I have seen had buy recommendation.
The major news that has come out since then was the independent report for FPP and the cost of a replacement network for the copper was very favorable indicating a positive draft in December. I'm also guessing there has been some unofficial indications of what that draft price will be to the big boys.
The 20 stock market analysts polled by the Financial Times all have a clear view on CNU, just not the same. The recommendations go from SELL (1 opinion) over UNDERPERFORM (3), HOLD (7), OUTPERFORM (5) through to BUY (4). One of the widest recommendation spreads I have seen so far.
Still - yes the majority is positive, though if you look at the 12 month predictions (range $1.50 to $2.85 with a median of $2.10) it appears we might have already passed the middle line.
Taking this I would rate CNU at current price as "Hi risk, diminishing returns". This company does not pay a dividend, has a huge leverage and is in the hand of a bunch of bureaucrats (ComCom) who care more for their career than for the good of the people, and they are certainly not interested in benefitting CNU share holders.
Not the type of thrill I am after ...
I understand where you are coming from , I guess it depends quite a bit on your perspective. Coming from a large portfolio of ASX explorers my CNU investment seems very low risk :P
I was really just trying to work out DCF and see where it got me. I was looking at it that way because I was trying to understand what impact the repayments of the government loans (in 2025, 2030 and 2035, I think) would have.
I've just looked back through my spreadsheets now and they're a bit of a mess. I think the process all got a bit too hard. It's quite difficult to forecast the composition of their product line and pricing years into the future. Maybe I'll have another look at it.
Seems that there may be some wisdom in your words above, as the recent rampant uptrend has possibly settled around that median valuation of $2.10 as above? I guess it had to stop sometime, Im just wondering if the recent uptrend has overshot the mark and we may see a little bit of a retreat now for the next few weeks?
And to be fair, I think in regards to your comment about stopping the dividends above, it should be mentioned this was a temporary measure. I understand they are required to halt dividend payments up until around mid next year, and after that free to do as they wish, which is only 6 months away potentially?
Sure - anything can happen. It is well possible that people who buy CNU at current prices will be happy in 12 months about their investment (be it due to SP rise, dividend or a mix of both), but it is as well possible that they might be quite unhappy. IMHO option 2 is more likely, but who am I to say.
If we trust for a moment the analysts (and just take the average of their recommendations), than whoever buys now will sit in 12 months still on a share worth $2.10, and they might have received a dividend if ComCom plays it nice (which is in no way guaranteed). If they received a dividend, than it certainly will be less spectacular than the last one CNU paid.
Does this sound like a winner to you?
In my books there are better shares to invest my money currently, however all the best to anybody investing at current prices into CNU.