Contact Energy - CEN Chart

[CJ]

The price is almost back to where it was before the Labour Greens announcement.

Per Google, CEN down 1.75, NZX50 up 3.6% so it is still down over 5% compared to the market. TPW down 1.9% so I think we can call it a 5% drop.

[fish]

Per Google, CEN down 1.75, NZX50 up 3.6% so it is still down over 5% compared to the market. TPW down 1.9% so I think we can call it a 5% drop.

todays nzx announcement of operational performance looks good for CEN-commercial and industrial sales up 10% and profits and prices up'

5 island hydrostorage approx. 80% normal and n/island 60%

Geothermal down but te mihi about to rectify this plus more

Not so sure about mrp however

[rbel038]

I wouldnt be so optimistic about te mihi myself. It seems MRP definitely beat them to the punch with Ngatamariki

[troyvdh]

are institutions getting in ...or out of CEN....can one of you chartists tell ie....volume etc cheers....

[Lizard]

Well I've bought in, so i presume instos are getting out!

[Hoop]

are institutions getting in ...or out of CEN....can one of you chartists tell ie....volume etc cheers....

Hope this helps Troy
Arrows show the high volume getting in (blue) and getting out (red)
Circle show lower volume buys getting in (blue) and getting out (red)

[Joshuatree]

Curious re your buy in to Contact Lizard. Good value atm?, expecting a tide of maturing bonds looking for a home ? or something else ? cheers JT

[Snoopy]

Curious re your buy in to Contact Lizard. Good value atm?, expecting a tide of maturing bonds looking for a home ? or something else ? cheers JT

I can't answer for Lizard, but notice the discussion on financial fundamentals is a bit light on CEN. So here is my thought of the day:

Margin = NPAT/sales

2008: $247.4m/ $2,757m = 8.8%
2009: $158.7m/ $2,200m = 7.2%
2010: $152.9m/ $2,143m = 7.1%
2011: $156.0m/ $2,209m = 7.1%
2012: $177.1m/ $2,679m = 6.6%

Doesn't make for a satisfying trend, does it?

SNOOPY

discl: hold CEN

[fish]

I can't answer for Lizard, but notice the discussion on financial fundamentals is a bit light on CEN. So here is my thought of the day:

Margin = NPAT/sales

2008: $247.4m/ $2,757m = 8.8%
2009: $158.7m/ $2,200m = 7.2%
2010: $152.9m/ $2,143m = 7.1%
2011: $156.0m/ $2,209m = 7.1%
2012: $177.1m/ $2,679m = 6.6%

Doesn't make for a satisfying trend, does it?

SNOOPY

discl: hold CEN

No worries here at all snoopy .
Only 2 weeks to go before the end of june and the trend will be broken for the 2013 year and hereafter we should see the reversal continue .
I am looking forward to a big divi in September.

[Snow Leopard]

Hope this helps Troy
Arrows show the high volume getting in (blue) and getting out (red)
Circle show lower volume buys getting in (blue) and getting out (red)

[see original post for chart]

As well as Fundamental Analysis (FA) I use Technical Analysis (TA) as part of my trading strategy however...

I also believe that an awful lot of TA is over-complicating rubbish and no more so this sort of thing.
The on-market trading and the off-market big transfers have little correlation to each other or the future direction of the share price.

The high volume getting in is also some high volume getting out.
Smart/dumb money getting is also smart/dumb money getting out (these particular labels are only ever added much later when the price movement goes with or against the trade).

I specifically cap daily volume based on the preceding average volume and it makes for me a much clearer picture of what is going on.

Feeling better now
Paper Tiger