CHI - Channel Infrastructure Ltd (NZR)

**golden city** · 08-03-2016, 03:31 PM

Just top up more

**sb9** · 08-03-2016, 03:51 PM

Originally Posted by golden city

Just top up more

Haha, knew you'll do that. I'm out of funds hence can't top up , but wish I had some cash available.

**littletramp** · 08-03-2016, 04:06 PM

If they can match or better the 20c per share dividend in September 2016, does that mean a 40 cps fully imputed dividend can be received at $3.45 per share if you buy today. A forward P/E of 8.6 and a yield of 11.6%. Is that the correct math?

**Leftfield** · 08-03-2016, 04:21 PM

Originally Posted by golden city

Just top up more

Me to... couldn't resist it.

**cdonald** · 08-03-2016, 04:48 PM

Originally Posted by cyclist

My suspicion is that part of today's selling pressure is confusion around the new T+2 settlement arrangement. It would have been ex-divi today if it wasn't for that change. I wonder if some haven't woken up yet. The depth looks just what you would expect the day the stock goes ex-divi.

I still haven't really found a good source for reasonably up-to-date Singapore complex margin data - but this fairly recent info still looks promising enough to me (despite the gloomy headline): http://www.businesstimes.com.sg/ener...igh-on-outlook

So in theory tomorrow should open ex div so less 20 cents? From the information I have on Singapore complex refining margins, they are at around $4USD/bbl for the current week. Remember that NZR were averaging a $4 uplift on those last year before Te Muhi so I still expect the margins to be around CAP. All will be revealed next week though for the jan/feb period so we might see a bit of a boost then. If oil prices continue to rise things look a bit better for NZR with the ability to swap to natural gas at a cheaper rate.

**Jinx** · 08-03-2016, 05:02 PM

Just as it looked like NZR was recovering for the day another 100k parcel dropped at 346. What is this madness.

**macduffy** · 08-03-2016, 06:54 PM

Originally Posted by Jinx

Just as it looked like NZR was recovering for the day another 100k parcel dropped at 346. What is this madness.

Just two words - or is it one?

Profit-taking.

**sb9** · 10-03-2016, 09:34 AM

Originally Posted by Roger

Currency now close to U.S. 68 cents and oil heading back north. Questions over margins for FY16. Clear break down through the 100 day MA...tailwinds starting to abate ?

Told ya Mr Wheeler is going to look after us....back in 66c range!!!