good news for cer holders, page-2

Mr Cod.
No one would blame you for taking that action. CER has been a great ride for those that entered at around the 3c to 4c mark and there was plenty of opportunity for that to happen. That is the proverbial 10 bagger that we all look for. I have also taken a good profit at the 1000% mark but I still remain with a reasonably sized holding and still see the $1 mark as a possibility in the long run. Still not so good for those that bought in during the boom times at the current SP

I base the$1 on the same principle that I used at the very bottom. As follows:
1.From experience in doing some small commercial developments I know what the cost of replacing the property that CER holds would be. It is far ahead of the current valuations. I know the value of the goodwill associated with established tennancies.
2.CER has operated profitably right through all this troubled time. It carried CNP on its back through the heavy weather and it was subject to the extra charges associated with refinancing and reorganising.
3.The business outlook is good. They have sound tennancies in areas that have increasing population and anchor tennants with increasing market control.
4. They will return to paying profits in reasonably short term in my opinion.
5. The restructure arrangements will result in much less debt, lower interest payments and a sound business.
6. It will no longer be a cash cow for anyone or anything but the shareholders.
7. It should retain the management fees, that I consider were excessive when charged by CNP or at least pay reduced fees.