@MarkListerNZ
The ICLN global clean energy ETF is up another 9% overnight, on the back of the Dems looking to take the Senate. Meridian is one of the biggest holdings, so watch its share price further over the coming days..
On that basis is it fair to say this is a longer term investment on a 5-10 year horizon rather than seeking dividend yield? Looking at the fund make up they have Meridian as their biggest holding and Contact in at #5. Could this be a step change in the valuation of these two companies or if there is some negative investor sentiment the price would come down along with the rest of the market?
One thing is for sure: Everyone has forgotten about Tiwai exiting! You would have thought they'd just done a deal to open another brand new smelter and use even more of MEL's product - electricity!
Both MEL & CEN up $2 since my last sell to keep some order in portfolio. Prospects for both companies look bright with 'save the planet' demand for green electricity stocks. Sounds ridicules but can see $10-$12 share. While SP is tempting interestingly others already paying these current elevated prices see a future margin.............imo
disc: hold both
Highs for the day $11.10 & $9.94 pretty close i reckon...........
Mine are all free-held so can flick a few for quite a number of years but every year SP is higher then my last flick,............ will that continue ?? maybe if Green Funds continue to find these attractive
Last edited by dreamcatcher; 07-01-2021 at 05:42 PM.
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Originally Posted by winner69
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