Cnooc (CEO) – Analysis 2015-09-26

Cnooc LTD (CEO) has been compounding its book at an unbelievable rate of 17,3% on average per year during the last 10 years. Include last years dividend and you get 24,54% as a total annual return. What is the value of the business? Asset value: With an annual book value growth at 17%, an annual investor requirement...