So your alternative recommendation is ??
Always ready to look at the ones that are not on the global radar..
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IMO there is no such thing as 'not on the global radar ' when investing on the NZX--the market is too small
I feel the object of investing is to increase ones wealth--& there are a no of shares with a much lower PE than these power utilities & with reasonably sustainable Yields.[ If one wants a bit more risk with a very much greater chance of high growth why not look at the ASX small companies]
IMO Power Cos are not safe utilities with a steady cash-flow ---there are the risks rainfall variations, political risks, water right risks & possible Maori claims
Still no research open on NZX. They said it would be avail when the offer opens which was 12.01 am this morn.
"IMO Power Cos are not safe utilities with a steady cash-flow ---there are the risks rainfall variations, political risks, water right risks & possible Maori claims"
Amalgam - add to the risk list declining demand as discussed on this morning's news. IMO this could be a big one in coming years as the use of solar on rooftops increases and other tech advances.
Twas up early preparing for my daughters birthday.. Hey i still cant access research provided by NZX.Is it my comp thats the prob or cant other people either.Thanks , I have to decide how many shares i take up this morn.
NZX have just rung and said the Independent research won't be available now until Thurs.
I don't think the 'Mums and Dads' ( I hate that condescending term) interest will now really affect the success or otherwise, of this IPO. There seems to be very good interest from Brokers clients already. This would indicate that some of the risks may not be as poignant as the media and Brian Gaynor are indicating.
The market alone will tell in due course.
Disc. Have been allocated what I wanted from my broker, which is a reasonably substantial holding.
I will leave it until the last poss moment to commit to my "substantial" holding. Awaiting anymore poss ambush from greens and labour and independent research on NZX and anything else that may appear in the papers.