Contact Energy - CEN Chart

[xafalcon]

when its cheap at 4.65 guess any retail people who got a few scraps were lucky

You hit the nail on the head. Luck certainly appears to have played a part in final allocations. In my situation I was my sharebrokers only client who committed to a firm order. So I received his entire allocation. Still 25% short of the quantity I committed to, but a lot better than many others did.

[Balance]

100% weighting FTSE index confirmed for next week. MSCI, NZX and ASX indices expected within next 2 weeks.

Not expecting any sp weakness in a hurry but who knows after the index reweighting?

[see weed]

76c dividend and 14.6% yld Looks good to me, or did that 76c div. include the special 50c div. earlier this year?

[macduffy]

76c dividend and 14.6% yld Looks good to me, or did that 76c div. include the special 50c div. earlier this year?

Without checking, yes. As a holder of CEN I've only received the one big windfall - 50cps - in the last year or two. And very nice it was, too!

[sb9]

76c dividend and 14.6% yld Looks good to me, or did that 76c div. include the special 50c div. earlier this year?

Sorry see weed bit slow this morning, can you shed some light on your numbers pls.

[see weed]

Sorry see weed bit slow this morning, can you shed some light on your numbers pls.

ASB Securities CEN page this morning. Dividend cps= 76c. Dividend yield (net)= 14.7%.

[sb9]

Thanks for that see weed.

Its actually FY15E of 78c divvy, of which they've paid 11c (interim), 50c (special), so their estimate for FY is 17c, not bad isn't it?

[Snoopy]

Thanks for that see weed.

Its actually FY15E of 78c divvy, of which they've paid 11c (interim), 50c (special), so their estimate for FY is 17c, not bad isn't it?

Yes, but remember that 50c special dividend was made to clear out the imputation credits that had accumulated over many years. It will not be repeated in the future. Therefore the dividend yield for new investors buying into CEN today is nowhere near 14%!

Also see my post 935 on revised earnings after the recent profit downgrade. I am expecting a final dividend of 13cps, not 17cps. If it is 17cps, it won't be fully imputed, that for sure.

SNOOPY

[sb9]

Agree Snoopy on the special divvy part, it won't be repeated.

However, beg to differ on the final divvy for this FY. My guestimate is that it'll be at least 15c, based on the assumption that they've now adopted 100% distributable profits as dividends from their recent update, up from 80% previously.

[see weed]

Yes, but remember that 50c special dividend was made to clear out the imputation credits that had accumulated over many years. It will not be repeated in the future. Therefore the dividend yield for new investors buying into CEN today is nowhere near 14%!

Also see my post 935 on revised earnings after the recent profit downgrade. I am expecting a final dividend of 13cps, not 17cps. If it is 17cps, it won't be fully imputed, that for sure.

SNOOPY

Thank you.