Very nice, at least the wind keeps blowing.
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I agree with Peat. unless the business is being run in such a way they intend on closing the doors in 15-20 years time, the expected CAPEX is a real expense.
Frustrating to see the big boys investing big in wind energy while NWF is happy to dwindle away, at least that's what it feels like from my perspective.
Possibly. But they did address this issue at the AGM just been. Depreciation is an accounting construct and with maintenance which is expensed the depreciation rates are overstated.
That said another scenario is to run the cashflows from the business till the assets no longer can produce and leave it there. So the 14.2 cents per share that you pay now is the value of the discounted cashflows over the next 20 years. If you can generate $5m free cash flow per annum, over 20 years discounted at today's current low rates that would still be in excess of $60m. (just did math in my head so feel free to correct) Assuming turbines can last another 20 years.
MCY building farm next door - why not take NWF out as well?
I'm more than happy to take the dividend...….
Depreciation of dams?
https://www.google.com/search?source...30.uYvyk9z1Xbc
Can concrete strength reduce after years? Theoretically, no. The hydration process, which is what the Portland cement ingredient goes through during the curing of the concrete, slows down over time. However, the chemical reaction continues for a very long time.