I highly doubt any accumulation would be regarding dividend...

I highly doubt any accumulation would be regarding dividend announcements. The last few weeks have yielded some very good news regarding closing out hedges with more expected and also the allowance given to file a claim against PWC. These are likely to stabilise investors thoughts on CER which may result in accumulation.

Personally though I think that the SP will not increase significantly (ie above 25c - and yes i do realise that is a 66% gain from todays price) and hold at the new high price until details on the separation from CNP is released. Provided this does not come with some unseen 'screwing' from CNP then i think we will see some significant investment in CER.