I think the 30% appreciation in CER was based on the...

I think the 30% appreciation in CER was based on the "possiblity" of getting a late/delayed payment of dividends for the 31st December ex date. The dividend for that quarter is delayed/suspended/maybe cancelled, based on the outcome of the whole CNP situation.

As for the whole CNP vs CER thing, I just posted the figures so that people can see that CNP is actually not holding the majority of the debt, it is CER, hence it will be CER that will go first before CNP start to lose anything. (well the unlisted funds will go first, then CER, then maybe CNP).

Regards