The market in both CER & CNP has reacted strangely given CER reported a $260.8m loss including $174.7m revaluation losses & losses on Financial instruments of $206.2m. Ebit was $152m with an operating profit of $105.7m. before writedowns.
This run up seems strange given results for CER. Interesting how Press will assess results.
Could easily be false rally.
Regards
Buffett
PS Please do own research on this company. At least the writedowns were there!
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