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04-02-2010, 05:38 PM
#201
Member
Recently upgraded to a buy at 6.08.. Valuation just over $8.
It is clear that the worst is behind CEN. The wholesale electricity
market is operating “normally”, electricity demand is rebounding
and customer numbers are increasing again. In addition, CEN’s gas
peaking and gas storage facilities provide operational flexibility and
its geothermal options are the cheapest forms of new generation in
NZ.
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04-02-2010, 06:56 PM
#202
[QUOTE=Lawso;291890]There's been no discussion here about CEN for quite some time and I suggest some further analysis/comment wouldn't go amiss.
NOT A GOOD TIME TO SELL-imho
Clearly undervalued -In my opinion the sp is more likely to rise $3 in the next 3 years than it is to fall even 30 cents .
Unlike TPW the sp has been very volatile over the past 2 years-if you must sell try and do it when the share looks expensive rather than todays cheap price-dont let frustration get the better of patience
Ontop of that we have a dividend that equals any bank deposit return .
I accumulated a lot at the end of last year and expect will be holding long-term
Last edited by fish; 04-02-2010 at 06:57 PM.
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04-02-2010, 08:29 PM
#203
Aspect Huntley value it at $6.25 and recommend to "Hold".
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04-02-2010, 08:48 PM
#204
Member
Thanks for the comments, people, especially fish's wise words:
if you must sell try and do it when the share looks expensive rather than todays cheap price-dont let frustration get the better of patience
Maybe I'll wait a while.
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05-02-2010, 07:38 PM
#205
Lawso.
Craigs have CEN as buy. Target price $7.42
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05-02-2010, 08:01 PM
#206
After being out for about 2 years (sold at mid$8s) got back in at $5.75 this morning. Had been a holder since first listing, and although I'm definitely not a trader, it seems to be a stock that just goes up and down, so reasonably easy to not make too big a mess of buying and selling.
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05-02-2010, 08:17 PM
#207
grimy....me thinks that you will do very very well....a couple of years back some folk thought this outfit were a spec buy at $11.....its still pumping out the stuff and it aint cheaper....cheers...
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31-03-2010, 02:12 PM
#208
Can anyone forecast the performance of this stock?
It has'nt been over $6.35 for over a year. Today it hit $6.35; Sell, Hold??
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31-03-2010, 06:48 PM
#209
Originally Posted by gonzo56
Can anyone forecast the performance of this stock?
It has'nt been over $6.35 for over a year. Today it hit $6.35; Sell, Hold??
It ended the day at $6.40, I guess mostly due to the fact people were excited that 75% of holders choose to keep the bonus shares issued.
I can't decide if this is strong signal to Hold or just hot air...(that will expel tomorrow) Oh well, I think I’ll ride it out.
Btw, I realise I’m talking to myself
Last edited by gonzo56; 31-03-2010 at 06:50 PM.
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31-03-2010, 08:09 PM
#210
We're listening, gonzo.
It's just that we can't forecast stock prices!
I hold CEN but largely as a hedge against increases in my power bills, I must admit. So far the bills have increased, CEN rather less so!
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