Yuyu52,
Thanks for reply. Do you know current bank rate? Have now run spreadsheet with interest rates from 7.75/8/9/9.25/9.5/10%pa. Now suspect my original figures too high. Still believe cashflow can give safer answers than asset backing approach. Surplus cash in my model is after paying increased interest rates. This surplus cashflow also probably correlates fairly closely to what CNP could pay in distributions going forward. Asset sales at close to book values are just bonuses.
Anyway I have looked at CNP from several methods of determining their value, just to be more comfortable with my estimates.
Regards
Buffett
PS No investment advice given on CNP, please do your own research
Add to My Watchlist
What is My Watchlist?