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Originally Posted by Snoopy
But without 15c worth of imputation credits to tag onto it, such a dividend wouldn't be fully imputed.
That's never stopped anyone. ICA only has to be in a credit at 31 March. They will just forecast that position and also consider prepaying tax based on a forecast of future years too. If they plan on changing their imputation policy they should really announce the change as it is a material factor.
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https://nzx.com/companies/CEN/announcements/268472
15cps, non-imputed, share buy-back first half F16, profit way down, not good
Last edited by xafalcon; 17-08-2015 at 09:38 AM.
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Originally Posted by xafalcon
Unimputed dividend is planed to be a one off and profits were expected to fall (by that much??). Free cash flow is up which is what this share is all about now isn't it?
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Originally Posted by xafalcon
The Otahuhu B gas station out of Auckland is to close with immediate effect! (OK six weeks notice).
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"I'd like to acknowledge the work our team at Otahuhu have done in recent years to adapt the operation of the station to better meet the changing needs of the market while we've considered the future of the plant. Our decision to close is no reflection on the team's professionalism, which has seen the safe operation of the site through a three-year period of uncertainty. We have rewarded our team's commitment and supported them through this time and will continue to do so during the closure process, including redeployment opportunities where suitable roles are available," said Mr Barnes.
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I really didn't expect that! Big redundancy bill coming up for shareholders? On the convesrse side, suddenly all of those geothermal stations, not just Te Mihi that Contact owns, are looking more valuable?
SNOOPY
Watch out for the most persistent and dangerous version of Covid-19: B.S.24/7
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Member
watch the retail competition and margins. Flick electric has cut 20-30% of my bill and read what Phil Pryke said this morning
Last edited by horus1; 17-08-2015 at 10:40 AM.
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Originally Posted by horus1
watch the retail competition and margins. Flick electric has cut 20-30% of my bill and read what Phil Pryke said this morning
Would consider them myself but they dont do dual fuel. The duel fuel discounts but the big Gentailers (and CEN in my case) the best provider to be with.
What will be interesting is whether people using Flick actually change their habits (to take advantage of time of use metering/billing) and what impact that has on prices if they (and others providers) sign up a lot to these types of plans.
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What do people make of the Otahuhu closure?
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Originally Posted by huxley
What do people make of the Otahuhu closure?
Contact were always likely to close one of their 2 big CCGT plants once the Stratford Peakers and Te Mihi were completed. CCGTs are very efficient as far as using less gas than conventional thermal plants, but they are extremely expensive to maintain. The savings in fuel does not equate to the extra maintenance costs. Plus large CCGT's are not flexible enough in operations to meet New Zealand's needs.
This move should be positive for Contact, but may result in difficulties for Transpower in meeting Auckland's demand next winter.
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Originally Posted by Snoopy
I was thinking that CEN could pay more provisional tax than they expect to use for this income year, then transfer any excess to last years terminal tax or the first installment of next years provisional tax. I could do that as a private person. But whether a company could do that, I am not sure.
You can but!
Can't transfer back as that tax is already paid (and distributed as ICs)
Can transfer if forward but then you don't pay any tax then so have no ICs to attach to next years div.
I am sure they modelled all scenarios and determined they are likely to have IC shortfall in future so have to take hit now (and maybe in future too).
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