But but but was it $0.05 /kw?
Surely they can find some other industry to pay more than this?
https://www.stuff.co.nz/business/119...ranspower-bill
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But but but was it $0.05 /kw?
Surely they can find some other industry to pay more than this?
https://www.stuff.co.nz/business/119...ranspower-bill
Measuring MEL's PE Ratio and comparing it to "average" all market PE Ratios is not very meaningful. MEL has high non cash costs such as depreciation which makes the PE Ratio much higher than the "norm".
It's best to value MEL by other metrics or if you must use PE Ratio and try to make it meaningful..follow MEL's PE history so to compare then to now and every year in between to see the changes in its valuation.. then once you have that historic PE data, allowances have to be made as interest rates are now considered to be the primary driver for PE Ratios and affects the valuation.. I didn't say it was easy.
Is it over valued ?..I'm too busy to crunch the numbers.
Disc: have no MEL
Hoop's busy so I puled some numbers from Morningstar database
the 2021 NPAT is a forecast.
Need to bear in mind that the NPAT/EPS used by NZX includes abnormals and normalised EPS was a bit higher (lower PE)
Interesting forecasts seems to have profits declining over the next few years.... I know very little about this sector so can't comment if right
However the numbers - based on Hoops comments PE is still probably a bit high
Back to where things were just before Xmas! Relentless selling today - pull up a 15min chart and look how it has just be steadily down with zero breather. Still expecting a bounce that can be played before the end of the day.
Trading halt today and nobody (media) or otherwise is talking about it...
Edit* sharesies has now removed the trading halt. Weird...
Just the monthly operating report, onwards and upwards
i think the buzz in power company stocks is over. exited at near the top will wait for the eventual re-entry much lower.