to the experts, page-3

CNP is the dairymaid that milks CER as a cash cow. That should be about to stop.

CNP faces the possibility of massive dilution. CER does not.

CER owns real estate as its main business whereas CNP manages commercial property as its main business.

CER has better security backing for its debt through the ownership of real estate. One of CNP's best value assets is its majority shareholding in CER.

So while there has been a 5 to 1 comparative value in the past I doubt that we will see that ratio again. I would not be prepared to swap my CER for CNP at today's rates.

That is not to say that CNP will not get further ahead of CER but I believe there is less risk with CER than with CNP.

I also believe that CER will continue to pay dividends and that it could be a long wait for one from CNP.

All just my opinion. DYOR