Contact Energy - CEN Chart

[troyvdh]

.....perhaps the expected improvement of CEN's fortunes (and for shareholders)....aint gonna happen then.......cynical.....nahhh

CEN has responded to me...the fall is probably due to the Rio/Bluff story this AM....

[macduffy]

For what it's worth. From Macquarie today:

"Contact Energy CEN Outperform

Retail prices will defy wholesale gloom

FY12 result 14 August. CEN provided FY12 EBITDAF guidance of ~$500m (down from $520m+ at the FY11 result). Macq. is lower at $481m (consensus $514m)
We think an increasing focus on CEN’s FCF growth (x2 CPI) and reduced retail electricity margin pressure will be key drivers of MT performance.
Downside risks from higher cost-to-hedge, over-supplied wholesale market, index changes and competing MOM supply are now well understood by market. "

[troyvdh]

...thanks mac....do you think was scribed before Rio made that statement...

[fish]

QUOTE=macduffy;378632]For what it's worth. From Macquarie today:

"Contact Energy CEN Outperform

Retail prices will defy wholesale gloom

FY12 result 14 August. CEN provided FY12 EBITDAF guidance of ~$500m (down from $520m+ at the FY11 result). Macq. is lower at $481m (consensus $514m)
We think an increasing focus on CEN’s FCF growth (x2 CPI) and reduced retail electricity margin pressure will be key drivers of MT performance.
Downside risks from higher cost-to-hedge, over-supplied wholesale market, index changes and competing MOM supply are now well understood by market. "[/QUOTE]

I could add a few more positives to that- more geothermal coming on line,cheap gas supply and storage,increased inter-island capacity and lower interest rates . They have also been accumulating high users and good payers .It will take time for the market to realise the stars are lining up for contact

[fish]

results out today
2nd half should be much more profitable and annual result up 7% approx-I bought more yesterday -market overly fearful of losing aluminium smelter

[fish]

results out today
2nd half should be much more profitable and annual result up 7% approx-I bought more yesterday -market overly fearful of losing aluminium smelter

results are up more than even i expected-gross profit up more like 27%-sold 4% more electricity at bigger margins-looks like this will be sustained.12 cent dividend as shares-next year likely to be cash

[Snow Leopard]

results are up more than even i expected-gross profit up more like 27%-sold 4% more electricity at bigger margins-looks like this will be sustained.12 cent dividend as shares-next year likely to be cash

raw EPS is up 12.8%
and
normalised EPS is up 4.0%

back to sleep
Paper Tiger

[fish]

sorry pt -but a much better than anticipated result nevertheless
i have always enjoyed waking people up

[macduffy]

Profit Distribution Plan strike price has been set at $4.87.

With current SP at $5.06, I'll accept the bonus shares.

[fish]

Profit Distribution Plan strike price has been set at $4.87.

With current SP at $5.06, I'll accept the bonus shares.

Just dont sell them too soon !
Electricity Spot prices are phenomenal in the north island atm-over $1000-I have never seen them so high