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Thread: CNU - Chorus

  1. #11
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    Fair enough.

    That's a forecast yield - and we all know about forecasts!



    Judging a book by its cover isn't a great policy

    The Non Executive Director Prue Flacks (p103) and the General Manager Human Resources Sara Broadhurst (p105) are not bad looking birds.
    although I must admit I hold a few CNU's.
    Last edited by macduffy; 02-03-2012 at 05:03 PM.

  2. #12
    Advanced Member BIRMANBOY's Avatar
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    Quote Originally Posted by Major von Tempsky View Post
    Aha! You mean you haven't read the 2 kgs/4.5lbs, 1.25inches thick, 525 pages "Share in Two Journeys" demerger document from cover to cover yet?

    Shame! Shame!

    May I refer you to page 25 of said tome where it states, inter alia, "it is anticipated that for FY12 ....a dividend policy to payout 25 cents per share".

    And again, p136 (are you still with me?)

    "...the payout will be pro-rated to reflect only the post-Demerger period" i.e. 1/11/2011 to 30/06/2012 inclusive. On page 25 it mentions that results will be declared in August 2012. It also mentions (both pages) that Chorus will start with a nil balance in its imputation account thus "Dividends paid are expected to be imputed to the extent possible".

    The Non Executive Director Prue Flacks (p103) and the General Manager Human Resources Sara Broadhurst (p105) are not bad looking birds.

    Any more questions?
    Thanks for that...so I will be hoping that the anticipated estimation of the wished for yield will be included as a necessary portion of the annual reports. That will be in the sub-section entitled "If you didnt enjoy reading about how much money we spent on needless expenses...please take a look at our tea-leaves and crystal ball chapter". Make sure we give everyone a "feel good" moment. See below for further other "anticipate" references. :"some are slightly embellished for the sake of artistic license"
    "I estimate that we should be out of Vietnam in six months" Henry Kissinger.
    "Afghanistan will be a piece of cake" everybody from genghis Khan on.
    "I should be finished painting the house by the end of the week" ditto.
    ..But I will be looking forward to the dividend now.....hope it comes to pass.

    "

  3. #13
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    On a yield of 8% PLUS imputation credits :-)

  4. #14
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    $3.50 per CNU share now :-)

  5. #15
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    Quick! Just before CNU falls off the leaderboard to page 2 - Chorus reaches 363!

    Reminds me of 1967 when I was a student at Vic.
    Three weeks after the end of the 6 Day War, which everyone had been following very intently, the student newspaper Sentinel, ran a small story at the bottom of the front page.
    "Leading elements of the Israeli army, escorted by tanks, today reached Peking. Blah blah blah."
    I just about rolled out of my chair at the caff laughing. Brilliant spoof.

  6. #16
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    ...dear sparky...thats great....did you ask how many he had....and ...did he offer any other juicy news....

  7. #17
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    Actually, the most satisfying reply is to say nothing at all, but to allow yourself a small private grin with your brandy lime and soda when the price reaches $4.00 :-).

  8. #18
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    Hard to follow the psychology, mentality, objectives of CNU traders.

    First they take it up to 370 on the way to 400, now they take it down to near 350.

    Do they hope to induce a panic and buy cheaply? Can't really see any sort of panic developing in the context of government guarantees and rewards for meeting targets that are reasonably easy.

    Are they geared to hell so that a drop from 369 to 352 is really a worthwhile reward for shorting?

    Are they morons? Or suffering from schizophrenia/bi-polar disease?

  9. #19
    Senior Member blockhead's Avatar
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    Logic is not a thought that springs to mind MVT !!

  10. #20
    Adventurer Silverlight's Avatar
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    Quote Originally Posted by Major von Tempsky View Post
    Hard to follow the psychology, mentality, objectives of CNU traders.
    CNU & TEL are both fairly liquid so offer overseas funds, that are mandated to hold NZ equities, the ease of getting in and out in large volumes.

    They also have the added bonus of allowing fund mangers who are not mandated to speculate in currencies, take a view on the currency by holding TEL or CNU. The loss in the stock can be offset by the gain in their local currency.
    ~ * ~ De Peones a Reinas ~ * ~

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