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  1. #1921
    Senior Member
    Join Date
    Jun 2017
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    Auckland
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    642

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    Quote Originally Posted by Scrunch View Post
    The daily chart looks like a switch was flicked at 1pm NZ time. CEN was about $11.00 at the time and up another 40c. By 2.41 as I write this, the price had collapsed back to $10.27 and looks on-track to fall further. Have blackrock perhaps stopped buying for a little bit?
    Expect will buy more for their funds but currently 'bargain hunting' from last few days

  2. #1922
    Senior Member
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    Jun 2017
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    Auckland
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    Contact says extension for NZAS is good news

    14/1/2021, 8:30 amGENERAL14 January 2021
    Contact Energy (‘Contact’) CEO Mike Fuge welcomed the news that the life of New Zealand’s Aluminium Smelter (‘NZAS’) at Tiwai Point will be extended until at least the end of 2024 while an economic transition for Southland is developed.
    “Today’s announcement of the deal between Meridian and NZAS ensures sustainable smelter operations in the medium term and allows time to plan for an ultimate exit of New Zealand’s largest energy user. This is great news for Southland and New Zealand, global carbon emissions, and Contact’s shareholders.”
    As part of the arrangement announced today, Contact has agreed to supply Meridian Energy with a portion of the electricity required to power the NZAS smelter at Tiwai Point. Contact will provide an average of 100 megawatts of baseload electricity through until the end of 2024 (assuming the smelter requires 572 megawatts of electricity).
    “We are pleased to have played our part in helping secure the financial sustainability of the unique low-carbon smelter at Tiwai and retain the 1,000 high-paying jobs in Southland and the 1,600 associated contractor and supplier roles too,” Mr Fuge said. “Many other jobs around New Zealand would also have been lost if there was a disorderly exit.”
    He said Contact was continuing to advance its “world-class” Tauhara project in readiness for an investment decision. “The Tauhara geothermal project is New Zealand’s best low-carbon renewable electricity opportunity. It will operate 24/7, is not reliant on the weather and is ideal for displacing baseload fossil fuel generation.”

  3. #1923
    Advanced Member
    Join Date
    Oct 2012
    Posts
    1,821

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    My little success story for 2020. CEN was my best stock. Bought 17 blocks over 6 weeks from $6.70 on 3/7/20 to $6.31 on 18/8/20. My average price for the lot was $6.179. CEN paid me 20k div on 15/9/20. Sold my last block of 4000 on 12/1/21 for $9.58 which I had bought on 14/7/20 for $5.60.

  4. #1924
    Member
    Join Date
    Jul 2020
    Posts
    55

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    Quote Originally Posted by see weed View Post
    My little success story for 2020. CEN was my best stock. Bought 17 blocks over 6 weeks from $6.70 on 3/7/20 to $6.31 on 18/8/20. My average price for the lot was $6.179. CEN paid me 20k div on 15/9/20. Sold my last block of 4000 on 12/1/21 for $9.58 which I had bought on 14/7/20 for $5.60.
    nice story, well done.

  5. #1925
    Member
    Join Date
    Apr 2020
    Location
    New Zealand
    Posts
    67

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    Quote Originally Posted by see weed View Post
    My little success story for 2020. CEN was my best stock. Bought 17 blocks over 6 weeks from $6.70 on 3/7/20 to $6.31 on 18/8/20. My average price for the lot was $6.179. CEN paid me 20k div on 15/9/20. Sold my last block of 4000 on 12/1/21 for $9.58 which I had bought on 14/7/20 for $5.60.
    Well done see weed, thank you for sharing!

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