Contact Energy - CEN Chart

[ananda77]

craig

...not sure about quick, but for a 'riching start': mmn(asx); options available too...

Kind Regards

[craic]

DMcG its the quick trade options. Threw the remaining three grand ito VTL. Have a look at their chart over the lastr month and with tomorrows result due, there has to be some insider info out there.

[ananda77]

vtl(nzx)...have not done any research nor charting for this one, but just looking at the state of their vending machines(it's their shop-front right???...oh dear, oh dear????...seems high risk to me...

Kind Regards

[craic]

Sorry Ananda 77 but just try the simple method of going to "quick quote" and from the drop dpwn menu, select charts 6 months. You will see that after a low of 48cps in July the price has risen rapidly to 84 cpsin the last two months with most of the rise in August. That is the indicator I follow. As to risk, the amount in this share is about 1% of my portfolio.

[Caesius]

According to this announcement here http://www.nzx.com/market/market_ann...pany?id=135873 , Contact pays its dividend today. I've always read that a share drops in value when a dividend is payed, but it has rallied today.

Just a coincidence?

[gamerice]

quote:Originally posted by Caesius

According to this announcement here http://www.nzx.com/market/market_ann...pany?id=135873 , Contact pays its dividend today. I've always read that a share drops in value when a dividend is payed, but it has rallied today.

Just a coincidence?

Share price normally drop (in proportion to the dividend) the day after the Record date.
I don't think the Pay date has anything to do with it.

[djones]

04 Oct 2006 08:50
GENERAL: CEN: Possible LNG site about preserving future options

4 October 2006

POSSIBLE LNG SITE ABOUT PRESERVING FUTURE OPTIONS

Genesis Energy and Contact Energy Limited today said the selection of Port
Taranaki as the preferred site for a LNG import terminal, was all about
preserving future options.

Contact Chief Executive David Baldwin and Genesis Energy Chief Executive
Murray Jackson said while the resource consent process would soon be started
for a possible LNG import terminal at the Port Taranaki site, the move was
all about enhancing options.

The two companies have created a new joint venture company called Gasbridge,
which will run a community consultation process on the proposal and manage
the resource consenting process.

"Both Contact and Genesis Energy have a strong preference to use domestic
natural gas," said Contact Energy Chief Executive, David Baldwin.

"This announcement of a potential site for an import terminal is all about
preserving future options. It is simply prudent commercial risk management."

Murray Jackson said Port Taranaki had been selected as a preferred site
because of the region''s world-class experience in handling natural gas and
hydrocarbons, its deep water port and its natural gas distribution
infrastructure.

"New Plymouth is regarded as New Zealand''s energy capital for a very good
reason. The residents understand energy and the importance of New Plymouth as
a national energy hub to both the local and national economy," he said.

Mr Jackson said in the event of a future natural gas shortage, the LNG option
could provide New Zealand with a secure and safe supply of natural gas until
new domestic discoveries were made and bought to market.

"While this announcement is simply about developing a future option, it is
important that residents understand the proposal - in particular that LNG is
safe and that any future import terminal would meet very high international
safety standards," said Mr Jackson.

The proposed terminal would involve a new purpose-built berth at the end of
the main breakwater inside the Port of Taranaki, with the LNG being piped
along adjacent to the breakwater and stored in a new tank at Contact''s New
Plymouth Power Station. The appropriate access and land agreements have been
reached with Port Taranaki and the Power Station.

A Gasbridge website (www.gasbridge.co.nz) has been launched explaining LNG,
along with computer generated images of how a new LNG terminal might look and
a facility for people to ask questions and have them answered on-line.

A free information phone line has been set up to answer any questions from
the public on 0800 GAS LNG (427 564).

"We urge residents to have a good look at the Gasbridge website and the
information displays. These resources should answer most common questions,"
said Mr Jackson.

[Caesius]

Did anyone attend Contact's AGM today?

[djones]

quote:Originally posted by Caesius

Did anyone attend Contact's AGM today?

Some people that did attend obviously didnt like the outcome of the meeting.

Change: -16 to $7.19

Read these articles they are a good read:

http://www.bloomberg.com/apps/news?p...efer=australia

http://www.stuff.co.nz/stuff/0,2106,3833690a13,00.html

[Sideshow Bob]

quote:Originally posted by Caesius

Did anyone attend Contact's AGM today?

Just had a piece on TV1 news about Contact AGM, which is unusual. Mentioned about Pike, slating the cancelation of the merger, and Saunders and his involvement in Feltex.

Both got returned to the board, based on Origin's shareholding.

Apparently the debate went for 2.5 hrs!