How much would you pay for 1 GBP perpetual income strem claim and not knowing more than it's from entity 100 % owned by mr. Buffett's Berkshire?
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Well, it's Northern Electric's, British electricity network subsidiary of Berkshire Energy, preference share which is ahead of equity but behind junior debt claims, currently yielding 5 %.
Yeah I didn't know anything...so with that in mind...I tried to use a good margin of safety: 1. Inflation 2. Company goes belly up
