And another million and a half today by 4pm
Printable View
And another million and a half today by 4pm
2% of the shares traded today - AMP / Salt now well under the 5% threshold.....
If salt are selling, who is buying. Without them, the price would be drifting up?
My chart says rising price and volume.....
Maybe it is a company that has the investment philosophy's that centres on the belief that the New Zealand and Australian share markets have peculiar characteristics that lead to market inefficiencies that can be exploited over time to deliver superior risk-adjusted returns.
Hi PSE - maybe post that on the WTL thread as well - unloved since Mar 2014!
The past 8 weeks have been interesting as far as wind generation is concerned. Probably not too good for NWF, but favourable for Meridian and Trustpower. The larger than normal equinotic fronts that came through in late April/early May re-charged hydro levels and lowered the wholesale electricity price. This meant that wind was relatively strong, but coupled with lower than normal prices.
My view is that by the end of this month NWF will have had a positive cashflow for the quarter, but reduced NPAT. It depends on what management have used the income for as to whether it will be good news going forward. Ongoing litigation is not helping the situation, but if management decide to just bite the bullet and concentrate on core activities then the outlook may be much rosier.
Hi PSE - NWF will almost always have an accounting loss under current structure - they have $2.6 million depreciation charge annually...however this is only an accounting entry - cash flow statement should be much better to look at.... In some ways it is a lovely business - it makes accounting losses and cash profits. Best wishes - C
Good news from their 4th quarter report. Financial YTD 2015, 2014, % change
Revenue from electricity sales - $ 7,657,000 6,887,000 +11.2