Contact Energy - CEN Chart

**Jaa** · 01-08-2018, 04:18 PM

First Gas is owned by a shell company called First Gas Holdings Ltd which itself is owned by another shell company, First Gas Midco Ltd which is owned by First Gas Topco Ltd, owned by Australian and Canadian investment funds.

59.16% - Butterfield Trust (Cayman) Limited
- this seems to be owned by First State Investments in an unlisted infrastructure fund.

24.14% - Colonial First State Managed Infrastructure Limited - Australia
13.90% - Caledon FGL Aggregator, L.P. - Canada
2.80% - Manitoba Public Insurance Corporation - Canada

See also this Energy Stream article, First Gas own Vector's old non Auckland gas assets, the Maui pipeline and other North Island gas assets. They are also buying the Ahuroa gas storage facility off Contact. At least $NZ1.75 billion in assets including the Contact purchases.

Would be nice if they were listed on the NZX.

**dreamcatcher** · 07-11-2018, 04:28 PM

Contact on fire today up 16c @ $5.81 ............................. $6 soon

**fish** · 07-11-2018, 04:46 PM

Originally Posted by dreamcatcher

Contact on fire today up 16c @ $5.81 ............................. $6 soon

bought some at 5.59 on monday.
I dont believe its the only undervalued power company thats about to increase its profits

**Baa_Baa** · 07-11-2018, 08:23 PM

Originally Posted by fish

bought some at 5.59 on monday.
I dont believe its the only undervalued power company thats about to increase its profits

I worry about investing in the power companies, except for my TA skills I wouldn't invest.

This government was behind an enormous drop in share prices leading into the last term of the National government, and they're positioning for a 'review' which is code for potentially a buy back or screwing with the policies to nationalise power, that currently benefits so many shareholders.

Don't forget that a lot of normal people are being shafted by power prices and this stuff resonates with the current government. It won't be long before the energy market as we know it is attacked, and it won't be good for shareholders in power companies. Imho.

Hence my focus on TA, ride the good times, sell the reality.

**troyvdh** · 07-11-2018, 09:32 PM

Dear baabaa...IMHO....a very insightful and accurate post....thankyou
Disclosure ...4k CEN...I just love the dam etc...cheers

**Snoopy** · 07-11-2018, 09:39 PM

Originally Posted by Baa_Baa

Don't forget that a lot of normal people are being shafted by power prices and this stuff resonates with the current government. It won't be long before the energy market as we know it is attacked, and it won't be good for shareholders in power companies. Imho.

The government has changed tack and decided to subsidise power over the winter for the oldies. The alternative regulation of power companies route was just too impractical.

SNOOPY