I had a look through you analysis Thank you very much for doing this
We always look forward to reading your work.
You have been conservative in the fact that did not include any profit for cnp or cmcs 40.
You have included their position for property increases from 2-6%
At 6% and with earnings from superllc and CMCS40, This looks like we will start to see impairments written back.
Looking ahead, The way the economy is heading it looks like june 2011 will be the BIG one. If assets were held, We Would see our official NTA increase substantially with our impairments reduced.
I do have a question though. june 2010 presentation shows some impairments written back to cer. How did this occur?
CER Price at posting:
30.0¢ Sentiment: None Disclosure: Held
