Wonder if they use the phrase ‘mercury rises / rising” much. (Even though profits down 11%)
http://nzx-prod-s7fsd7f98s.s3-websit...377/305610.pdf
Mercury rises to challenge with strong FY2019 result
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Wonder if they use the phrase ‘mercury rises / rising” much. (Even though profits down 11%)
http://nzx-prod-s7fsd7f98s.s3-websit...377/305610.pdf
Mercury rises to challenge with strong FY2019 result
EBITDAF down 11%, Profit up 53% on the back of gains on metering business. No further information in the simple release to understand what the result looks like with the one off taken out - would have been interesting to note given "average" hydro generation. Drop in interest rates will help ongoing depending on what their hedged position looks like.
market loves the results new highs today
https://www.msn.com/en-nz/news/natio...cid=spartanntp
Doesn't sound like it there is a low cost effective solution.
I find myself in the absolutely unbelievable position of having MCY has my largest holding.
The price that Mercury & the like are trading at is beyond belief. :confused:
More rational to accept the low rate for a year, then buy in when the price goes down.
What happens if we have low rates for 5 years?
Might the price go up and up?
You could miss out on any profit anywhere.
Diversification is the rational answer.
Its rational if you are at retirement age to have some in the bank and some in safe stocks as well as property(at least your house)