NZ Windfarms IPO

[scamper]

the high central plain in spain has lots of relatively empty central otago/ desert road type land. when tour buses turn the corner and are suddenly faced with a horizon full of wind turbines, they all screech to a stop and the tourists leap out with cameras.

and not just japanese ones. scamper thought it was the most spectacular sight we'd seen for hours. they had grace, beauty, and mystery ... no doubt helped along by thoughts of don quixote and sancho.

there didn't seem to be any farmhouses (or castles) within cooee, and the spanish locals were very proud of their non-polluting windmills.

i'd be prepared to pay more for wind and photovoltaic energy. cheers.

[Happy Camper]

PT, eight days ago this Happy Camper was visiting the turbines too. That wasn't you up there with your german shepherd was it?

A bit tricky getting the campervan turned around up there, but it was well worth the drive.

Cheers

[Snow Leopard]

No Happy Camper, I was 500km away having lunch with my Dutch sharebroker.

[nelehdine]

Good chance I own a small part of those Spanish wind turbines Scamper ... Bab****and Brown Wind Partners ( BBW: ASX ) ... cheap stock, currently at about $1.45 with performance fees paid to manager up to about $1.80 ( shares have fallen 25% from recent peak ) Wind farms in Spain, Germany, USA and Australia. Good dividend yield ( around 11.5cps ) and undoubted long term future. Put some along side you KIP's !! ( Cheap to A$ with your Kiwi one's at prtesent as well !! )

[COLIN]

quote:Originally posted by nelehdine

Good chance I own a small part of those Spanish wind turbines Scamper ... Bab****and Brown Wind Partners ( BBW: ASX ) ... cheap stock, currently at about $1.45 with performance fees paid to manager up to about $1.80 ( shares have fallen 25% from recent peak ) Wind farms in Spain, Germany, USA and Australia. Good dividend yield ( around 11.5cps ) and undoubted long term future. Put some along side you KIP's !! ( Cheap to A$ with your Kiwi one's at prtesent as well !! )

I did some research following your mention of B & B Wind Partners, Enid/Helen, and as a result I bought 10,000 last week. I have viewed the wind generation game with a fair bit of cynicism up till now, but there seems little doubt that it is coming into its own and costs are coming down. I like the idea of investing in a wider portfolio and geographic spread than that offered by investment in NWF. I also agree that its a good time to be buying $A with Kiwi $s.
Thanks for the tip.

[Treetops]

Windfarms up 30% since the recent malaise. Up 7% today on heavy volume, over half a million $ today Many have said it won't make much. Just a steady earner. Perhaps timing is everything Certainly trending back up OBV and all indicators looking positive. With the emphasis on 90% renewable this little one is sure to benefit.
Discl. Own a few.

Hope this is the best thread to continue?

[Rif-Raf]

It's been interesting, the shares were trading from around 1.50 to 2.20 before the enormous cash issue and cornetone investment which on one hand is positive, but the sheer size in the increased capitalisation meant that the price was always going to drop heavily in the short term to somewhere around the rights issue price. Only now starting to show signs of shrugging that off. A few months back Amro Craigs had them as a buy with a target price of $1.60
This sector is getting a lot of interest now which I believe will continue.

[Grimy]

It would be nice to think that you can combine the environment and business for a win/win outcome. I hold these shares, which I think will have a good, solid future. But I also remember my last great ethical investment...anyone remember the Environ IPO of the late 80's? And it was a great idea, probably wrong country, definitely wrong time!

[upside_umop]

Good chance I own a small part of those Spanish wind turbines Scamper ... Bab****and Brown Wind Partners ( BBW: ASX ) ... cheap stock, currently at about $1.45 with performance fees paid to manager up to about $1.80 ( shares have fallen 25% from recent peak ) Wind farms in Spain, Germany, USA and Australia. Good dividend yield ( around 11.5cps ) and undoubted long term future. Put some along side you KIP's !! ( Cheap to A$ with your Kiwi one's at prtesent as well !! )

i like the windfarm concept, especially in nz with the carbon trading coming in.
i also like bbw as mentioned by neledine last year...looking good, might be worth a bite as its just a little more diversified than nwf.

[duncan macgregor]

I like the concept of wind generation mixed with hydro, where one backs up the other. I think wind generation is all or nothing, and requires back up by hydro or some other generation, such as tidal or wave generation. The only company that fits the bill at the moment is TPW who are sitting in the box seat. I dont know of any other NZX company that has both at the moment but could be wrong. Macdunk

[upside_umop]

why do you say that maccy dee?
unless you were a company, (like tpw) that sells to the end consumer there isnt really a need?
with windfarms, aren't they just wholesale electricity suppliers to the national grid, and given they run off averages per year it should concern them if they have a few still days.

[Toddy]

So, whats the chances of the Windfarm Board being able to work with Stiassny. I'm picking a rocky road ahead for all involved.


Vector gets two seats on NZ Windfarms board

By NZPA
Thursday 1st November 2007

Vector chairman Michael Stiassny and acting chief executive Simon Mackenzie have been appointed to the board of NZ Windfarms.

Windfarms chairman Derek Walker said Vector got the right to take up the board seats when it bought 19.99% of the company earlier this year.

[ratkin]

This company is fairly unloved at the present time , general market weakness combined with a percieved lack of activity or news has seen these slowy drift downwards.

There are a number of reasons why this drift may not last.

1) Carbon credits , sure to benefit from these in some shape or form

2) The government decision to allow no more fossil fuel power stations for ten years. Some saying electricity cost could rise dramatically because of this

3) Vector taking seats on the board should help to push things along.


Progress does seem rather slow at the moment , any idea when there going to be something to bring out the buyers?

[rimu]

it's going to be a couple of years before nwf matures

but when it does... oh boy

[ratkin]

This stock reminds me of the cheese ad "good things take time"
They are moving in the right direction but progress remains slow. Todays announcement is good news though , by the time they have all the turbines up at their first farm they should be ready to start on the otago project.
Recent noises from the government about sustainable energy is also very promising

WindPower Maungatua Ltd announced today that NZ Windfarms Limited has increased its 16.7 per cent shareholding in WindPower Maungatua to 50 per cent.
WindPower Maungatua holds the development rights to a promising wind farm site near Dunedin and Director David Tucker warmly welcomed NZ Windfarms’ investment.