Interesting to note from CNP's 2007 annual report that 31% of income was derived from the "services" (non-property income) business. This side of the business has been forgotten in recent times, with a focus on physical assets (NTA). Would like some thoughts on this (thanks in anticipation Defab)as to any possible future upside/value this would inject into the proposed amalgamated entity. Given that we have now lost the U.S. valuation growth aspect (damn!!), could this "services business" aspect fill in that void? I note that CNP had this business valued at $5.5 Billion in the 2007 annual report. I could be barking up the wrong tree here but would like to hear some feedback..
CER Price at posting:
34.0¢ Sentiment: None Disclosure: Not Held