Hi Reggiemiller, I agree CER should be really trading above 30cents. Nothing has changed since 30cents was considered to be a cheap entry for CER only few months back. In fact given 3 years extension and better NTA ( As stated by our friend Defab)CER is in much better and safer position. The only people selling at these low prices must be D/Ts. Anyone who has been buying in 30s and 40s wouldn't be selling. I will be holding tight and waiting for their dividend news.
Investors are not able to understand the true worth of CER.As chairman himself has said in annual report that CER is much different to CNP and it's pure assets which generates income.
CER Price at posting:
11.5¢ Sentiment: LT Buy Disclosure: Held