Originally Posted by
biker
Originally Posted by nextbigthing
This is brilliant timing not long before the partial dividend. Same old story, people looking at the story in the news, panicking and selling thinking Chorus is about to go broke because John Key had to say something to counter a 'self interest groups' claims. When in reality Chorus is going to be supported by either government no matter what they claim because ultimately everybody knows the way forward for NZ is to utilize the UFB network. The government has made it quite clear they intend on protecting Chorus.
The fundamentals look good, the charts look good, analysts have it at around $3 to $4, the government has pledged support re the regulatory issues. And now the share is trading at a slight discount due to panic just before the dividend. That's why I say brilliant!
Nextbigthing.
Disc; happily added even more today at these prices to the overall very healthy looking portfolio!
That was at 2.88. At 2.48 today, I rest my case.