GNE feeling the pinch too - "Genesis now expects an outcome towards the lower end of its previously stated
FY19 EBITDAF guidance of $360 million to $375 million."
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I see no reason for it to be a general rule. But it does seem that when things are not so optimal for MCY, they are looking better for CEN. A really clever trader might be able to develop a long term strategy to 'swap between the two'. I prefer to not worry about picking which way the market is going and just own both!
SNOOPY
Low interest rates, with the threat of lower again, plus that magic element that keeps the SP of utilities like this so high and I find that I have averaged a 20% compound annual return over the 5 years since buying in (with bottle top medals for brilliance in hindsight handed out for some fortuitous bottom picking).
Investing is a random pudding sprinkled with a light topping of luck. ( Tis supper time here :t_up: )
Agree with the first paragraph and often the 2nd applies.
Mercury is positioned well and its future looks bright.
This year financially will have a small adverse effect due to the extremely dry summer.
I am now out of all gentailers apart from mercury which I see as having the most promising future
top performer this mth of the gentailers , playing catch up
on fire up 17% for the mth
I don't get it... why is this going up so much? Yea I know interest rates are expected to stay lower for longer, but there has been a massive re-rating on MCY more so than other gentailers I feel (don't actually know if this is the case)
it was playing catch up the other gentailers . that was the opp to close the gap. it happened with gne a while ago as well when i was saying on that thread it wass not going up as much as the others and then it had its catchup although it has been a bit of laggard this mth so maybe your get gne play a catchup again soon to match the others performance this mth.
New ATH, not much in the way of $5 now.