Hi CT
Thats right. I dont think we'd get 7.2c
I do think though that the div policy will come through either on or just after 15 Jan.
Its a trust and distributions are meant to be consistent.
I think the distributions will balance the needs of CNP needing the money to service the hybrids, avoid paying a hefty tax due to no distribution and retaining some earnings to reduce the gearing ratio. Also to appease CER holders other than CNP.
Cheers
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- distributable profit forecast 31.12.08 is 7.2c
distributable profit forecast 31.12.08 is 7.2c, page-5
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