the waiting game, page-26

Ultra. I can't really answer that with any certainty as there are so many variables. But, if history is any guide, that could be the scenario.

But I don't really understand why the MC of CER has surpassed that of CNP by such a wide margin. Maybe the market has got it wrong or there is some change in CNP that doesn't apply to CER.

For what it's worth I notice that the volume of CNP, inspite of the much lower number of shares on issue, is significantly higher than CER eg today 122 million turnover for CNP and 23 million approx for CER ie approx 1/5th. CNP has 845 million issued shares whilst CER has 2.286 billion million shares issued. Maybe the shares in CER are more tightly held. The discrepancy is rather strange I would think, but then I am biased as I hold CNP and don't hold CER.