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Thread: Power shares

  1. #291
    ShareTrader Legend bull....'s Avatar
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    looks like a lot of them are in big demand again
    one step ahead of the herd

  2. #292
    ShareTrader Legend bull....'s Avatar
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    d day today probably explains why power companies been strong performers lately

    Tiwai smelter may get break as decision day arrives on how to carve up Transpower's $1b annual bill

    https://www.stuff.co.nz/business/121...1b-annual-bill
    one step ahead of the herd

  3. #293
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    Quote Originally Posted by bull.... View Post
    d day today probably explains why power companies been strong performers lately

    Tiwai smelter may get break as decision day arrives on how to carve up Transpower's $1b annual bill

    https://www.stuff.co.nz/business/121...1b-annual-bill
    Thanks for the heads up on this.
    I am going to be too busy today to watch out and work out the implications for this.
    Would appreciate any thoughts about this decision as it is made.

  4. #294
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    Pretty significant announcement. Update TPM methodology includes a provision for a "Prudent Discount Policy - important safeguard to stop customers exiting country because of inefficient high transmission costs". E.g. Tiwai will get special treatment.

    Certainly not 100% sealed yet but I would say this materially increases the chances of it staying. Be interesting to see what power shares do on market open today.

  5. #295
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    Aluminium price up over 7% monthly helpful too.

  6. #296
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    Rio have given notice to wind down and close the smelter

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  8. #298
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    Quote Originally Posted by stoploss View Post
    Rio have given notice to wind down and close the smelter
    https://www.stuff.co.nz/business/300...000-jobs-to-go

  9. #299
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    Quote Originally Posted by trader_jackson View Post
    I would think in this market, with the banks offering term deposits only a percent or two lower than what is being offered by some of the power co's, there would be no shifting of allocation, and rather a pull out all together (to cash)... especially given the power co's dividends are certainly under threat.
    Now the power co's dividends will be under huge threat with demand about to fall off a cliff!

  10. #300
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    Next year. good that its not all at once.

    hopefully this will mean lower prices for other industrial users.

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