NWF - NZ Windfarms

[blackcap]

They lead a hard life, all work, work, work.

Not the impression I had. The question was asked from the floor as to the justification for a fee pool increase (which the NZSA was voting in favour of) so just came up with reasons. Directors do have a lot of skin in the game and have been very hands on the last 3-5 months since 3 of the board effectively were removed. There have been changes at mgmt level too so directors are in almost daily contact with each other and 2 senior mgmt members. They are also not looking to raise their own fees and John Southworth the chair made a commitment not to do that, but the increase will allow room for another director to come onto the board. A move that I welcome.

[Well Endowed]

a fairly favourable writeup in the NBR (sorry paywall) for NWF. Nothing earth-shattering, although provides a little bit of detail on the hedging arrangement, price, term and justification - which in my view all seems to make good sense.

https://www.nbr.co.nz/story/nz-windf...een-chair-says


also worth noting Robert Stone has picked up a few million more shares to bring his holding above 14%.

http://nzx-prod-s7fsd7f98s.s3-websit...664/308508.pdf

[Dassets]

Can I just clarify the director fee position. The individual fees will go to bottom quartile. What I committed to was that the excess in the fee pool from that level would not be used by existing directors. Thanks all for attending.

[blackcap]

Can I just clarify the director fee position. The individual fees will go to bottom quartile. What I committed to was that the excess in the fee pool from that level would not be used by existing directors. Thanks all for attending.

Thanks for the clarification Dassets. Appreciated.

[Blendy]

I haven't been paying attention - why have I received a second dividend today? Obviously grateful for this unexpected payment of course

[blackcap]

I haven't been paying attention - why have I received a second dividend today? Obviously grateful for this unexpected payment of course

Final dividend of .55cents declared at the FY and then also a Q1 20 dividend of .4 cents announced at the same time. (read the announcements )

[Independent Observer AUNZ]

Blackcap, you're a credit to the forum - thanks for the thorough notes and in particular the nuance on the competency of the people from your personal perspective. Wish I'd got myself a shirt now!

[fish]

Blackcap, you're a credit to the forum - thanks for the thorough notes and in particular the nuance on the competency of the people from your personal perspective. Wish I'd got myself a shirt now!

Fully agree and thank you Blackcap.
Its also so good having Dassets on this forum as well as the board.
I am really getting a good feel for this company.
Absolutely love going to trh-live and seeing the power and price generated by these turbines-really impressive and bodes well for the future.
Its my belief that NZ needs more electricity at affordable price for economic success.
When Genesis started burning coal(imported again) I sold my shares at a good profit and started looking for cleaner fuels.Mercury became a big investment and when I found that natural gas is many times cleaner than heavy oil and coal started building up my nzo shares.
Still buying clean energy shares-concentrating on NZO at present to stop oooogog stealing what is potentially this countries biggest asset in clean energy but eventually would like to become a big shareholder in windfarms

[blackcap]

Absolutely love going to trh-live and seeing the power and price generated by these turbines-really impressive and bodes well for the future.

Hi Fish and others. Just be aware that from 1st October (yesterday) the price no longer applies as NWF has gone into a fixed price contract for all of its generation for the next 5 months. The Average price is $90 over those 5 quarters there will be variance that the CEO at the AGM said roughly follows the forward curve which can be found here: https://www.asx.com.au/asx/markets/f...EA&type=FUTURE

[blackcap]

Someone is doing something right. Reads very well and looks like on track for the EBITDAF of between 6.5 and 7.5m

http://nzx-prod-s7fsd7f98s.s3-websit...515/309605.pdf