CNU - Chorus

[Major von Tempsky]

Interesting graph of US/NZ dollar and CNU price Sparky (until Hoop/Phaedrus get hold of it ;-)). Do you have an Internet ref for it so I can read the accompanying article?

Belge, there is stuff posted higher up this thread and prob the TEL thread too pointing out that Southern Cross has huge unused capacity to serve NZ's future needs without Sam Morgan's unneeded intervention.
I'll repost it if people can't find it.

Banana republic? You must have missed one of the major credit rating agencies reaffirming NZ's credit rating yesterday.
If you add NZ's kiwi dollar currency appreciation to the economic growth since National came to power you'll find a noticeable lift above the banana republic status under Labour.....

[Major von Tempsky]

Yep, I did note that date (and the date at which Ross Patterson's tenure cam up for renewal) in an earlier post.

12 days to go :-)

So far 1 out of 3 - Ross Patterson blown away, Aug 17 and Aug 24 to go.
I do remember some encouraging words in the media about Patterson's replacement being more even handed between investors and consumers so I'll march on with fingers crossed.
Otherwise the government and scribes will be wondering why NZ investors do nearly all their investment overseas and why the NZX has declined to the point of disappearing.
You'll note that most new NZ companies seem to prefer to float on overseas exchanges....but Labour supporters don't notice stuff like that....

[sharer]

One report said that there's just one cable into and out of NZ. This is wrong. There are more than that.

Exactly how many are there tho? Anyone know? Just how much redundancy is built into NZ's international internet links? ...

I'm no expert Belgarion, but i'm sure someone recently described on radio how the SCC actually has two separate landings on NZ coast, for local redundancy, also very importantly that SCC is a "self healing" network, presumably because of its "figure-of eight" topology (and automatic diversions if one segment faults). There is a major 'hub' in Hawai'i, but i can't recall if that is the only one.

I've now lost most of my old university contacts, so not sure if there are other specialist or scientific links.

Before the recent failed consortium got started, i think Kordia had a plan of their own - i wonder if that might later be revived (if politically convenient & with a little help from your taxes).
Meanwhile, we look forward to learning just what the div yield will be.

[sharer]

In DomPost today an interesting ref to story in Oz Financial Review that sounds like evidence for Key's mob planning to sell off Kordia, maybe quite soon.

[Major von Tempsky]

Excellent! That's two down (Patterson's demise and replacement by someone constructive), today's constructive announcement but now we have 3 further dates to tick off - Friday next week's maiden announcement, Sept 17 next paper, and November's decision. At least it's all going in the right direction now instead of Argentina/Venezuela socialist regulations.

I'm glad I held on (so far) instead of panicking and fleeing like the rest of the mob...

[Major von Tempsky]

Place-holder - so you don't have to go searching for the CNU thread on Monday :-)

Then we shall see how much those who spent so much time totally rubbishing CNU higher up this thread with next to no information actually know :-0.

[blockhead]

Healthy dividend outlook as well

Dividends
Chorus will pay a prorated dividend of 14.6 cents per share
on 5 October 2012 to all holders registered at 5.00pm Friday
21 September 2012. The shares will be quoted on an ex-dividend
basis from 19 September 2012 on the NZSX and 17 September 2012
on the ASX.
The dividends paid will be fully imputed (at a ratio of 28/72) in line
with the corporate income tax rate. In addition, a supplementary
dividend of 2.5765 cents per share will be payable to shareholders
who are not resident in New Zealand.
Chorus expects to pay a fully imputed dividend of 25.5 cents per
share in FY13, subject to there being no material adverse changes
in circumstances or operating outlook. An interim dividend is
expected to be paid in April 2013 and a final dividend is expected
to be paid in October 2013, on an estimated 40/60 split basis,
subject to there being

[Major von Tempsky]

Hey! Hey! Looking pretty good!

By my quick calculation that gives CNU a gross dividend yield of 12.1% for the year!
I'm so pleased I held on to them! :-)

Well up a grudging 22cps so far today - $4 here we come!

[Major von Tempsky]

Belge darling,

Nothing can detract from the fact that I love you dearly, I am absolutely besotted with you, I adore you - and you do also.

[blockhead]

So, for the sellers of FPA, once they get over the rosy glow, where will they park their coin, which looks most attractive pre div ? TEL or CNU ?