Contact Energy - CEN Chart

[dreamcatcher]

Happens on a regular basis and it usually has been a sign of accumulation. Blackrock's holding now close to 9% 20 October 2020. Last time 16 October 2020 was around 7.5%.

Here's the reason for the games with MEL & CEN over the last month

"Meridian Energy led the market higher, climbing 3.8 percent to $5.54, although it has had volatile movements in the past week,
Goodson said the stock price had been destabilised by its inclusion, alongside Contact Energy, in a clean energy index and the wait for confirmation of extension at the Tiwai Point aluminium smelter".

[calledone]

Here's the reason for the games with MEL & CEN over the last month

"Meridian Energy led the market higher, climbing 3.8 percent to $5.54, although it has had volatile movements in the past week,
Goodson said the stock price had been destabilised by its inclusion, alongside Contact Energy, in a clean energy index and the wait for confirmation of extension at the Tiwai Point aluminium smelter".

Are they not required to inform the market when this happened?

[oldtech]

Keeping an eye on this - although I am not surprised that the SP has fallen from the $8.10 level of mid-October, it is now getting rather close to the 30-day MA.

[BlackPeter]

Keeping an eye on this - although I am not surprised that the SP has fallen from the $8.10 level of mid-October, it is now getting rather close to the 30-day MA.

I see what you mean, however - using MA30 for this stock is only for investors without patience.

Much more satisfying to buy them below the MA400 ; They regularly get there (at least once every other year). Their MA400 is currently sitting at $6.67 ...

[Checkmate]

Why has there been such high volume on Contact today?

[Jantar]

Why has there been such high volume on Contact today?

Possibly $100 prices coupled with 800 cumecs in the Clutha river. That is revenue of $75000 per hour just from the two Clutha stations. I would suspect that net company revenue yesterday would have been in excess of $1.8 M

[NZSilver]

I sold out @ 7.95 I still see plenty of risk around tiwai. I prefer safer yield plays like ARG

[Checkmate]

Possibly $100 prices coupled with 800 cumecs in the Clutha river. That is revenue of $75000 per hour just from the two Clutha stations. I would suspect that net company revenue yesterday would have been in excess of $1.8 M

Oh right so $100 price per megawatt? Was that recently announced in operating results for September? And can you tell me how the prices are set? Is it just by market demand? I’m a bit new to the power sector. Lol.

[turnip]

Oh right so $100 price per megawatt? Was that recently announced in operating results for September? And can you tell me how the prices are set? Is it just by market demand? I’m a bit new to the power sector. Lol.

Have a read of Jantar's post in the NWF thread for a bit on how the NZ market works:
https://www.sharetrader.co.nz/showth...l=1#post705981

You can get data on current NZ prices at:
https://www.electricityinfo.co.nz/

Transpower have data on generation, transmission and storage levels, and a weekly market summary with a bit of commentry on what factors are affecting NZ prices:
https://www.transpower.co.nz/power-system-live-data
https://www.transpower.co.nz/system-...arket-insights

This site is quite interesting too, it has prices in some other countries for comparison:
https://www.electricitymap.org

[Jantar]

Thanks for linking that information turnip. Further price information and historical prices are also available at https://www2.electricityinfo.co.nz/