Contact Energy - CEN Chart

**Entrep** · 05-03-2021, 03:40 PM

Big sell just took out all liquidity. That said, happy to join you all as a holder.

**biker** · 05-03-2021, 03:57 PM

Sold at $11 bought back in at $6.63

**tango** · 05-03-2021, 04:14 PM

Originally Posted by biker

Sold at $11 bought back in at $6.63

Coulda shoulda woulda

I thought long and hard about selling at that price.

**biker** · 05-03-2021, 04:27 PM

Yeah, it looks good on its own but I’ve got plenty of those CSW’s as well tango

**HKG2301** · 05-03-2021, 04:43 PM

Originally Posted by biker

Sold at $11 bought back in at $6.63

Nice!

**Southern Lad** · 05-03-2021, 06:02 PM

Originally Posted by tango

Yes. Price is calculated as the lower of $7 or 2.5% discount to the volume weighted average market price of Contact shares traded this week. Have to hope for higher volume at lower prices to swing it a lot lower

If the VWA price is $7.00 then $6,82

Looking at the NZX trading data for the week just ended, we had 9,117,157 shares traded for a total value of $63,026,261. This is an average of $6.9129, so less a 2.5% discount would produce a SPP issue price of $6.7401, which will be rounded down to $6.74. Do I have the calculation correct?

**Snoopy** · 05-03-2021, 07:57 PM

Originally Posted by Southern Lad

Looking at the NZX trading data for the week just ended, we had 9,117,157 shares traded for a total value of $63,026,261. This is an average of $6.9129, so less a 2.5% discount would produce a SPP issue price of $6.7401, which will be rounded down to $6.74. Do I have the calculation correct?

Take off a further 1.5% brokerage saved and I get $6.64. That means we CSWers (Contact Sharescheme Wallies?) have near enough matched Biker's buy price! The only drawback being, we don't know what percentage of shares we asked for that we got!

SNOOPY

**Master98** · 05-03-2021, 08:03 PM

Originally Posted by Snoopy

Take off a further 1.5% brokerage saved and I get $6.64. That means we CSWers (Contact Sharescheme Wallies?) have near enough matched Biker's buy price! The only drawback being, we don't know what percentage of shares we asked for that we got!

SNOOPY

why so high brokerage, mine is 0.2%.

**Snoopy** · 05-03-2021, 08:19 PM

Originally Posted by Master98

why so high brokerage, mine is 0.2%.

I guess it is because I support a small local full service local broker, and I don't do the grand volume of trades you do oh Master. Or maybe its a case of 'kick the dog.'! Either way, the length of time I tend to hold shares makes the brokerage rate not material in the big picture.

SNOOPY