sharetrader
Page 1 of 35 1234511 ... LastLast
Results 1 to 20 of 693

Thread: Power shares

  1. #1
    Guru
    Join Date
    Jul 2002
    Location
    New Zealand.
    Posts
    3,301

    Question Power shares

    With the NZX down 246 points or 2.2% atm and power company shares in particular whatsup ?

    Contact down 9.7%
    Genesis down 4.9%
    Mercury down 8%
    Meridian down 8.2% !

  2. #2
    Member penn's Avatar
    Join Date
    Oct 2014
    Posts
    258

    Default

    I know! Just asked the same question on the CEN thread.

  3. #3
    Guru
    Join Date
    Jul 2002
    Location
    New Zealand.
    Posts
    3,301

    Default

    Quote Originally Posted by penn View Post
    I know! Just asked the same question on the CEN thread.
    Just noticed that, what is going on surely they all cannot be shedding divs atm !

  4. #4
    Legend
    Join Date
    Jan 2002
    Location
    auckland, , New Zealand.
    Posts
    6,387

    Default

    in case you missed it

    Owners of Tiwai Pt aluminium smelter seek talks with the Government, raising possibility of closure

    https://www.nzherald.co.nz/business/...ectid=12278907

    thats why all the gentailers are crashing
    bull
    One step ahead of the herd

  5. #5
    Advanced Member
    Join Date
    May 2015
    Posts
    2,398

    Default

    https://www.stuff.co.nz/business/116...elter-in-bluff

    This is whats up - would dramatically cut revenues/cashflows
    Even a 'renegotiation' (best case scenario) could cause revenues/cashflows to stagnate = dividends no longer expecting to increase at or above inflation (and possibly even decrease) = very, very bad for companies that are valued basically off being a dividend payer (as they are overvalued to ridiculously overvalued, depending on the gentailer, on any other metric other than yield)

  6. #6
    Member penn's Avatar
    Join Date
    Oct 2014
    Posts
    258

    Default

    I have never taken much notice of the Morningstar recommendations, but they have a big red SELL on MEL

  7. #7
    Member
    Join Date
    May 2014
    Posts
    166

    Default

    They've had a long run of good performance so I'm not that worried about some adjustment to valuations.

    I'm more concerned about local economic factors like long running under-target CPI, low business confidence, low impact fiscal policy and RBNZ not having many bullets left. Tiwai alone isn't a high impact event but the cumulative pressure may cause a downturn.

  8. #8
    Guru
    Join Date
    Jul 2002
    Location
    New Zealand.
    Posts
    3,301

    Default

    Quote Originally Posted by Tomtom View Post
    They've had a long run of good performance so I'm not that worried about some adjustment to valuations.

    I'm more concerned about local economic factors like long running under-target CPI, low business confidence, low impact fiscal policy and RBNZ not having many bullets left. Tiwai alone isn't a high impact event but the cumulative pressure may cause a downturn.
    except for the 1000 direct employees and the thousands and many more down stream workers, say good by to the Southland economy along with the dairy industry re carbon credits, nice one Labour !

  9. #9
    Advanced Member
    Join Date
    Jun 2007
    Location
    Auckland, , New Zealand.
    Posts
    2,142

    Default

    Rio Tinto having a go again can’t blame them with JK chucking them cash a few years ago. The reality is closing the smelter would cost a load and it’s still profitable at these prices

  10. #10
    Trying to get outta here
    Join Date
    Nov 2013
    Posts
    7,327

    Default

    Quote Originally Posted by penn View Post
    I have never taken much notice of the Morningstar recommendations, but they have a big red SELL on MEL
    A rare day when I agree with tj and Morningstar at the same time. Lol

  11. #11
    One Fearsome Feline winner69's Avatar
    Join Date
    Jun 2001
    Location
    , , .
    Posts
    27,047

    Default

    Quote Originally Posted by Tomtom View Post
    They've had a long run of good performance so I'm not that worried about some adjustment to valuations.

    I'm more concerned about local economic factors like long running under-target CPI, low business confidence, low impact fiscal policy and RBNZ not having many bullets left. Tiwai alone isn't a high impact event but the cumulative pressure may cause a downturn.
    The world’s buying heaps of our goods in spite of these ‘global headwinds’

    Total exports going gangbusters - doesn’t that say our economy going pretty good.
    “Just consider that maybe the probability of you being wrong is higher than you think.”

  12. #12
    One Fearsome Feline winner69's Avatar
    Join Date
    Jun 2001
    Location
    , , .
    Posts
    27,047

    Default

    Quote Originally Posted by couta1 View Post
    A rare day when I agree with tj and Morningstar at the same time. Lol
    As I agree with you Couts does that mean I agree with tj and Morningstar as well ....WOW

    Mum and Dad investors putting term deposit money into gentailers are going to ask ‘heck where’s my money gone’ one day.
    “Just consider that maybe the probability of you being wrong is higher than you think.”

  13. #13
    One Fearsome Feline winner69's Avatar
    Join Date
    Jun 2001
    Location
    , , .
    Posts
    27,047

    Default

    Tiwai comes up every few years - it always gets sorted

    No need to worry ...or panic.
    “Just consider that maybe the probability of you being wrong is higher than you think.”

  14. #14
    Trying to get outta here
    Join Date
    Nov 2013
    Posts
    7,327

    Default

    Quote Originally Posted by winner69 View Post
    As I agree with you Couts does that mean I agree with tj and Morningstar as well ....WOW

    Mum and Dad investors putting term deposit money into gentailers are going to ask ‘heck where’s my money gone’ one day.
    And to think Beagle was telling punters not long ago that these companies we're the best thing since sliced bread. The lynch mob might be out soon to give him a good old snout whacking.

  15. #15
    Advanced Member
    Join Date
    Jun 2007
    Location
    Auckland, , New Zealand.
    Posts
    2,142

    Default

    Fairly certain unless they bought in the last few months they would still be laughing all the way to the bank let’s see how the shares trade going forward ....

  16. #16
    Member
    Join Date
    Dec 2004
    Location
    , , .
    Posts
    245

    Default Does Jacinda have more balls than John Key?

    Quote Originally Posted by winner69 View Post
    Tiwai comes up every few years - it always gets sorted

    No need to worry ...or panic.
    Last time they tried this blackmail he folded like a wet newspaper

  17. #17
    Doggedly sniffing out more food Beagle's Avatar
    Join Date
    Jul 2010
    Location
    Auckland
    Posts
    16,594

    Default

    Quote Originally Posted by winner69 View Post
    Tiwai comes up every few years - it always gets sorted

    No need to worry ...or panic.
    Good to see some common sense from a well respected institution https://www.harbourasset.co.nz/resea...smelting-away/
    No butts, hold no mutts, (unless they're the furry variety).

  18. #18
    Member
    Join Date
    Jun 2017
    Location
    Auckland
    Posts
    474

    Default

    International investors looking for a good deal regarding CEN SP. Currently well below last GS TP $8.40 (AUG)

    CEN or MCY possible inclusion into Sept MCSI index replacing FBU ...........??

    "Contact is currently presenting to international investors in Singapore, Tokyo, Frankfurt, Zurich, London, Boston and New York. This presentation has been re-issued with minor changes to pages 22 and 41 to provide clarity around the calculation definitions and added the source references to information presented."

  19. #19
    Guru
    Join Date
    Jul 2002
    Location
    New Zealand.
    Posts
    3,301

    Default

    Quote Originally Posted by Arthur View Post
    Last time they tried this blackmail he folded like a wet newspaper
    Arthur, a wet newspaper is pretty hard to fold !

  20. #20
    percy
    Join Date
    Oct 2009
    Location
    christchurch
    Posts
    14,321

    Default

    Quote Originally Posted by Beagle View Post
    Good to see some common sense from a well respected institution https://www.harbourasset.co.nz/resea...smelting-away/
    Thank you for posting the link.Very interesting.
    13% of NZ's power generation is a very valuable asset for MEL to hold long term.

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •