https://www.nzx.com/companies/JWI/announcements/296876
Profits continuing to grow and net debt almost down to zero.
Trading on a cashflow multiple of 5.
Share buyback to continue.
LOVE IT!
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https://www.nzx.com/companies/JWI/announcements/296876
Profits continuing to grow and net debt almost down to zero.
Trading on a cashflow multiple of 5.
Share buyback to continue.
LOVE IT!
35c - so 133% up on takeover price of 2 years ago!
Very very satisfying.
Will the new water pricing that Labour is talking about hurt JWI if they are elected ?
if it agfects demand, then yes.
But dont worry - the idea will never fly. Its simply a weĺl timed announcement aimed at hoovering up a few disgruntled Green votes ( see Election threads). Get your head around the first hurdle - Maori. The moment you tax water you have a foreshore and seabed type sh1t fight on your hands. And Labour isnt going there.
If JWI "bottle" in metropolitan areas then I would expect that they already pay for their water, one way or another, to the local water authority/council. I may have misheard, but I thought the idea of a tax was to catch those users not already paying .
The point I was making was that because metro water is paid for, either through rates or water charges, JWI won't be affected if their plants are located in those areas. I understood that Labour weren't aiming to charge those but to "catch" users who aren't already paying. I stand ready to be corrected on that point if I've got that wrong.
:confused: