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  1. #91
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    Quote Originally Posted by troyvdh View Post
    ...at the end of the day thats "the market " I suppose
    ... and as Benjamin Graham said "In the short term the market is a voting machine in the long term it is a weighing machine".

  2. #92
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    Gee...down on good volume....like i mean really good volume....to
    me its crazy.....am I missing something......Origin perhaps.....I bought some under $7......what to do.............

  3. #93
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    Could be contact is down for the same reason that nz windfarms are about to go up.
    The govt commitment to renewable energy.

  4. #94
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    The CEN half yearly report shows that the company supports the 90% renewable energy by 2025 target set by the government. The company already has some well established major renewable energy assets such as the Clyde Dam, and Lake Hawea which it has consents to squeeze more energy out of. Combined with geothermal and wind, this side of the company is looking good. The development of fast peaking gas generation at Stratford should also be a highly profitable area in the near future.

  5. #95
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    Feb 2008
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    When are Origin going to have another crack at a takeover? The S.P. isn't going to go much lower is it?

  6. #96
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    Quote Originally Posted by BDLBOM View Post
    When are Origin going to have another crack at a takeover? The S.P. isn't going to go much lower is it?

    Yes, would have to believe that ORG will have another go at some time.
    As for the SP, at $7-98 its still more than 15% higher than the 12 month low of $6-91 and at a PE of almost 20, not exactly cheap.

    Disc: Holding CEN (firmly).


  7. #97
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    May 2007
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    I can't see why the sp wouldn't go down further. I've been a holder from the beginning and it has always seemed to me that if you were a trader you could probably have done okay with this one, it seems to go up and down (with large variations in price) on a regular cycle. I actually sold out last week for the first time at $8.60 (and got the div) and will be looking at getting back in once it drops a bit lower.
    Certainly a share I want to be holding, but in the present climate thought I'd cash up and get back in at a lower price soon.

  8. #98
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    Feb 2005
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    What has happened. Big jump in price in last 20 min but no announcement?
    Free delivery worldwide with Book Depository http://www.bookdepository.co.uk

  9. #99
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    Quote Originally Posted by american psycho View Post
    bg & origin
    BG?

    Looks like it was only about $1.5m worth anyway and the price is now settling down.

    Smart money in or smart money out??
    Free delivery worldwide with Book Depository http://www.bookdepository.co.uk

  10. #100
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    Origin Energy, 51 per cent owner of New Zealand's Contact Energy, has been approached by BG Group of the UK about a proposal to take over the company.


    BG Group is proposing $A14.70 ($NZ17.88) cash per Origin share, valuing the target at about $A12.91 billion.

    Origin shares ended yesterday at $A10.47, valuing it at $A9.20 billion.

    "Origin has not yet considered the proposal," it said.

    "Discussions between the parties will take place and shareholders will be advised of the outcome.

    "These discussions may or may not lead to an agreed transaction."

    Origin today advised its shareholders to take no action pending further advice from the company.

    BG Group's proposal is subject to shareholder and regulatory approvals.

    BG Group operaties in 27 countries and is a leading player in the global energy market.

    Contact shares jumped 9 per cent, or 77 cents, to $10.15, on the prospect it might also receive a takeover offer.
    http://www.stuff.co.nz/4503588a13.html
    Free delivery worldwide with Book Depository http://www.bookdepository.co.uk

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