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29-07-2019, 10:35 AM
#861
Long Member
"The trading halt has been put in place pending the release of a material announcement by the company regarding a transaction."
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29-07-2019, 10:42 AM
#862
Originally Posted by Well Endowed
"The trading halt has been put in place pending the release of a material announcement by the company regarding a transaction."
Thanks for posting-just cancelled my sell order at 15 cents
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29-07-2019, 10:50 AM
#863
Member
https://www.nzx.com/announcements/338257
Is this what we have all been waiting for?
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29-07-2019, 11:03 AM
#864
Originally Posted by JAYAY
If you were waiting for this...:
29 July 2019
NZX Announcement
For immediate release
NZ WINDFARMS LIMITED (NWF) AGREES A VARIABLE PRODUCTION HEDGE AGREEMENT
NWF announces it has agreed the terms of a variable production quarterly fixed price agreement for 100% of its production from 1 October 2019 to 31 December 2020. This agreement has been reached with a major NZ-based counterparty. Both the identity of the counterparty and price are commercially sensitive and remain confidential.
NWF’s Chairman, John Southworth, said the agreement reflects the changing dynamics of the wholesale electricity market and, particularly, the move to de-carbonise energy production and usage. He also said that these types of agreements will become commonplace in the future as the market moves to reflect changes in central and local government energy policy and initiatives.
The company reaffirms its EBITDA guidance for the Year Ending 30 June 2020 released last week.
The agreement is subject to normal legal documentation and credit processes.
For more information, contact:
John Southworth
Chairman
DDI: +64 21 930 451
About NZ
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29-07-2019, 11:22 AM
#865
Member
Originally Posted by BigBob
If you were waiting for this...:
29 July 2019
NZX Announcement
For immediate release
NZ WINDFARMS LIMITED (NWF) AGREES A VARIABLE PRODUCTION HEDGE AGREEMENT
NWF announces it has agreed the terms of a variable production quarterly fixed price agreement for 100% of its production from 1 October 2019 to 31 December 2020. This agreement has been reached with a major NZ-based counterparty. Both the identity of the counterparty and price are commercially sensitive and remain confidential.
NWF’s Chairman, John Southworth, said the agreement reflects the changing dynamics of the wholesale electricity market and, particularly, the move to de-carbonise energy production and usage. He also said that these types of agreements will become commonplace in the future as the market moves to reflect changes in central and local government energy policy and initiatives.
The company reaffirms its EBITDA guidance for the Year Ending 30 June 2020 released last week.
The agreement is subject to normal legal documentation and credit processes.
For more information, contact:
John Southworth
Chairman
DDI: +64 21 930 451
About NZ
It certainly sounds positive. it will be interesting to see what happens to the SP by the end of the day.
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29-07-2019, 11:25 AM
#866
Long Member
well that was a bit of a non-event, certainly read like there was going to be a little more to it.. haha
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29-07-2019, 02:16 PM
#867
Originally Posted by Well Endowed
well that was a bit of a non-event, certainly read like there was going to be a little more to it.. haha
Risk reduced, guidance confirmed. 2020 NPAT should be about 4 or 5 million and market cap is only 42. PE of 10 compared to the ridiculous PEs of the major power companies.
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29-07-2019, 02:20 PM
#868
Long Member
yeah fair points. Still undervalued and I'm still thinking it will be scooped up by one of the bigger players, this is just a cozy step in the right direction to that in my view.
Disc: happily holding..
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30-07-2019, 08:45 AM
#869
Member
https://www.stuff.co.nz/business/114...rbines-by-2050
Interesting. Also interesting to hear Whineray commenting that RMA needs to be revised to make it easier to upgrade turbines given rapidly changing technology.
With Mercury's clout plus the other big players, it looks like there is an increasingly good chance that the RMA could be amended accordingly.
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12-08-2019, 01:12 PM
#870
Member
Are these heading upwards?
Will they ever go above 0.14 cents?
What is the outlook?
PE is 8
Is it therefore, undervalued ?
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