Yeah….but I think I'll worry more about increasing interest rates !
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Hello again Percy . I see I am wide of the mark!! Sorry about that! So Up to Date Corrections!
1. Kiwisaver fund total is 60 billion NZ $ (NZ Herald Sat 29/06/19).
2. ACC fund doubles to $24.6 billion
3. Cullen Fund 40.3 billion
4. Australian Pension scheme $1.9 Trillion (USA)
And folks wonder why Blue Hen shares are growing in price !!
52 day high is 5.030 but asb securities 5 days graph does not show this high, does asb securities graph lag? Or error
with asb securities?
looking like start of big increases in gentailers today
Can some give background on why CEN has a significantly higher SP than all the other sector comparable companies MCY MEL TPW GEN?
https://www.odt.co.nz/business/press...SQXjJZVkkA5uRk
"We've changed our OCR call and now expect the Reserve Bank to cut the OCR by 50 basis points, to 1%, by the end of the year,"
Looks like OCR cut coming August & November, yield shares set to rise again
Are these figures for real. P E 50, EPS .095, Yield 5.1%. (5.1% of $4.80 = .24 c)
How can this be?
Fundamental
P/E 50.000 EPS $0.095 NTA $1.720 Gross Div Yield 5.130% Securities Issued 2,563,000,000
These are off the NZX, right?
Without referring to annual reports...….MEL would pumping out huge free-cashflows (EBIT - tax + depreciation - change in working capital - capex). This would account for their dividend % compared to the EPS, and the PE ratio (which would be say $4.80/$0.095).
NTA would be based on the book value of their assets, and largely irrelevant. Not sure what the depreciation rate would be but those dams should be there for a long, long time - with not a huge amount of capex. Gives a value of about $4.4b for their assets - the replacement value would be much, much, much more than that.
double rate cut causing big increases?
Looks like this going over $5 soon!