Well my basic maths tells me that the lenders have valued CNP at least work the debt which is $5.05b.
If we assume this to be true and that 90.1% belongs to the lenders then the value left for the existing shareholders is about $554m. That would put a per share value at about $0.67.
This doesnt factor in any future improvement in asset values.
My guess would be that $0.70 should be achievable but not in the next 6 months, it will all depend on sentiment and of course my calculations might be rubbish.
CNP Price at posting:
8.7¢ Sentiment: Hold Disclosure: Held