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06-04-2020, 02:53 PM
#231
Member
Why are all the generators down so much??
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06-04-2020, 02:58 PM
#232
Originally Posted by horus1
Why are all the generators down so much??
Yeah, wondering the same thing myself? Rio?
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06-04-2020, 03:01 PM
#233
Originally Posted by horus1
Why are all the generators down so much??
Lower commercial and industrial power usage, I would think.
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06-04-2020, 03:18 PM
#234
aluminium prices at new lows in free fall at the moment , demand for aluminium in general and from NZ as its used in cars and aircraft is poor must be really weighing on rio mind.
As said peak dividends from power companies has been , maybe even lower dividends to come as demand is down for power usage and probably wont reach back to previous levels for quite some time , if rio stays they will cough up profits to them. they are expensive now on fundamentals against this negative environment.
one step ahead of the herd
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06-04-2020, 03:34 PM
#235
Originally Posted by horus1
Why are all the generators down so much??
I reckon they have alot further to fall... MCY (and most of the power sector) is priced near term deposit rates, yet there is far, far more risk (as my post above #230 partly explains) to the yield than your typical term deposit.
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06-04-2020, 03:39 PM
#236
Meridian have not even wiped out one year of share price appreciation... They were $3 start of 2019 ($4.20 currently). Were they incredibly undervalued then, or are they overvalued now?
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06-04-2020, 03:44 PM
#237
Originally Posted by trackers
Meridian have not even wiped out one year of share price appreciation... They were $3 start of 2019 ($4.20 currently). Were they incredibly undervalued then, or are they overvalued now?
Sure, but at times like these, are the generators not considered safe havens?
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06-04-2020, 04:01 PM
#238
Originally Posted by Cyclical
Sure, but at times like these, are the generators not considered safe havens?
Safer *relatively* yeah, but the current happenings will result in a measurable reduction in demand for power (people think that people in their homes using heatpumps makes a difference, but it doesn't, industry uses the vast bulk). Also big question mark in the short term on Tiwai
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06-04-2020, 05:02 PM
#239
Originally Posted by trackers
Safer *relatively* yeah, but the current happenings will result in a measurable reduction in demand for power (people think that people in their homes using heatpumps makes a difference, but it doesn't, industry uses the vast bulk). Also big question mark in the short term on Tiwai
Yes, but if I'm not mistaken, the price that retail consumers pay per kwh will be quite a lot higher than the price that industrial and commercial consumers pay, so the overall revenue for the power co might not be so different. In any case, the lock down will only be a month (or two), then back to more normal demand patterns.
Tiwai? anyone's guess, but I expect the govt won't want another thousand jobs gone in the short term so will probably be highly motivated to reach an agreement
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06-04-2020, 05:42 PM
#240
Plus the 2,260 jobs created indirectly.
Tiwai uses enough electricity to power 776,000 homes!
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