NWF - NZ Windfarms

**blackcap** · 27-02-2018, 09:46 AM

Originally Posted by BlackPeter

Not sure how you see a company with an average annual revenue around 6 or 7 million dollars (and this is very optimistic - the recent years have been more like 4 or 5) .

When you start with obfuscation then I will not respond to the rest. (I think you just did not do the homework and thought it was 4m-5m but maybe you see that its not as bad as you think)
Revenues in recent years
2013 $6.9m
2014 $6.8m
2015 $7.6m
2016 $7.2m
2017 $5.9m
2018 on track for $8m or thereabouts

So I do not see how recent years closer to 4-5 makes any sense.

**BlackPeter** · 27-02-2018, 10:58 AM

Originally Posted by blackcap

When you start with obfuscation then I will not respond to the rest. (I think you just did not do the homework and thought it was 4m-5m but maybe you see that its not as bad as you think)
Revenues in recent years
2013 $6.9m
2014 $6.8m
2015 $7.6m
2016 $7.2m
2017 $5.9m
2018 on track for $8m or thereabouts

So I do not see how recent years closer to 4-5 makes any sense.

Strong words ... but yes, you are right, I managed to read the wrong line from my spreadsheet and quoted historic cost rather than historic revenue. Mea culpa - though doesn't change anything re the point I was making (anyway assuming a more optimistic revenue for that).

But look - I don't hold and honestly don't care. You obviously do hold and might be a good example for the effects of the endowment effect.

Nothing to learn here for me - I shall move on.

Good luck.

**fish** · 27-02-2018, 11:30 AM

Originally Posted by blackcap

Could you please elaborate on this fish. Genuinely interested and learning all the time. Why would wind need to be accompanied by a stable source of power? Or do you mean to maximise potential revenues?

Jantar would be able to explain this better than me
When I was fishing around some offshore wind turbines in Europe a couple of years ago most of them were not in action-despite a perfect 15 knot breeze

**Well Endowed** · 27-02-2018, 11:50 AM

http://nzx-prod-s7fsd7f98s.s3-websit...791/275272.pdf

Salt Funds Management acquired 1/3 (23m) of Vector's shares. still around 40m unaccounted for, will be interesting to see where they end up...

**blackcap** · 27-02-2018, 11:50 AM

Originally Posted by fish

Jantar would be able to explain this better than me
When I was fishing around some offshore wind turbines in Europe a couple of years ago most of them were not in action-despite a perfect 15 knot breeze

Thanks fish, and yes Jantar if you are around could you please explain. Would be appreciated. I do read a lot of the reports from WITS and Energy link and other publications but its a bit hard to get the head around all of it, not having a background in the energy sphere.

On another note I see SALT has taken an 11% stake, but already had a few so picked up 23m shares at the 10 cents.

**blackcap** · 27-02-2018, 01:40 PM

AMP also on the register with 9%.... Thats 51m shares taken care of now.

**Well Endowed** · 27-02-2018, 01:44 PM

Some better buying today, and a few bids appearing at the 12.5c level. Will be interesting to see where it goes from here and if Salt is done accumulating. After year's of neglect I get the feeling it could be an interesting next 12mths for NWF holders.