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28-07-2016, 11:18 PM
#1261
Originally Posted by fish
...
Annual report out soon-I think it will point out reduced demand due to 2 degree increase in winter temperatures but profit should be increasing due to lower costs.
?increase in dividends
Don't forget the one off impairment due to shutting down Otahuhu. I think that may reduce the annual profit substantially, but I would also hope for a nice divi.
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29-07-2016, 08:23 AM
#1262
Originally Posted by fish
What did you think of todays monthly ops?
I also reduced my holding recently but am reconsidering.
Netback looks good.
Slight increase in customer numbers
Annual report out soon-I think it will point out reduced demand due to 2 degree increase in winter temperatures but profit should be increasing due to lower costs.
?increase in dividends
Hard to say - lots of hydro storage, low demand, low prices - does not look like a particularly flash year to me for a generator. Retail side obviously is a bit better - low production cost and high retail prices make the shareholders happy.
They are obviously a steady earner and their dividend yield is clearly better than the likes of AIA or any other of the by foreign demand pushed up big infrastructure companies, which means that they might well be in next to be propped up by foreign funds ...
Not currently on my watch list, but this might well be a mistake ...
----
"Prediction is very difficult, especially about the future" (Niels Bohr)
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15-08-2016, 12:15 PM
#1263
Hmm ... interesting choice of colours for the annual report: https://www.nzx.com/files/attachments/241241.pdf; I would associate this colour with little girls and with piggies. Nothing wrong with either, but still not sure I get the underlying message. Lipstick on a pig?
Anyway ... most numbers don't show a lot of surprises (roughly in line with expectations, just a wee bit lower ...), Revenue 2.163 vs roughly 2.2 billion expected, though earnings disappoint (even if write offs are responsible): negative 9.1 cts EPS is for such a predictable business quite a way lower than the analysts consensus of positive 9.8 cts EPS. Outlook: Well, they "expect to see a continued improvement in operational performance". YAWN.
5 year comparison though looks pretty uninspiring either:
CEN5yrs.JPG
Nice slope - just wondering whether this is going to continue?
Lots of big earners though working for the company: 437 staff making more than 100k p.a., of them roughly 20 who make the same and some of them substantially more money than our prime minister (who is paid $393 k per year). It must be a pretty difficult job to drive a public funded monster like CEN slowly downhill, well - at least it is well paid!
Ahh - maybe now I understand the choice of colour - pigs at trough - Right?
Overall - the results are clearly not setting the world on fire, but I am sure everybody is waiting for which colour they choose for next years report ...
Discl: not holding;
Last edited by BlackPeter; 15-08-2016 at 12:23 PM.
Reason: how could I oversee the brackets ... they made a loss!
----
"Prediction is very difficult, especially about the future" (Niels Bohr)
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15-08-2016, 01:23 PM
#1264
Colour blind
What I have noticed is that they are supplying 80MW to Meridian for Tiwai for up to 14 years.
This is news to me, and the highlight of the report.
Otherwise, nothing to get excited about, but I have not finished reading yet.
Best Wishes
Paper Tiger
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17-08-2016, 12:25 PM
#1265
Not looking good, results average to me. Id say we will see sub $5.
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17-08-2016, 07:22 PM
#1266
Originally Posted by NZSilver
Not looking good, results average to me. Id say we will see sub $5.
Has the market factored in the big increase in free cash flow?
To me this is very important-I actually bought some more at the end of trade yesterday
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22-08-2016, 05:35 PM
#1267
Siemen case doesn't look good for Contact. What's the substantive claim amount?
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22-08-2016, 05:43 PM
#1268
I know nothing
Originally Posted by Hectorplains
Siemen case doesn't look good for Contact. What's the substantive claim amount?
Just for the fun of it could you expand on that and provide some detail or a web-link?
Best Wishes
Paper Tiger
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22-08-2016, 05:47 PM
#1269
Relates to the sale by Contact of a Siemen's turbine to GE (their competition) from the Otahuhu de-com. My reading so far is that CEN have stuffed up...
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22-08-2016, 06:27 PM
#1270
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