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Thread: Meridian Float

  1. #1861
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    Quote Originally Posted by Gonzo View Post
    I wonder what a southern alpine fault rupture might do to the manapouri power station
    Yeah….but I think I'll worry more about increasing interest rates !

  2. #1862
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    Hello again Percy . I see I am wide of the mark!! Sorry about that! So Up to Date Corrections!

    1. Kiwisaver fund total is 60 billion NZ $ (NZ Herald Sat 29/06/19).

    2. ACC fund doubles to $24.6 billion

    3. Cullen Fund 40.3 billion

    4. Australian Pension scheme $1.9 Trillion (USA)

    And folks wonder why Blue Hen shares are growing in price !!
    Last edited by warren; 29-06-2019 at 11:04 AM.

  3. #1863
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    52 day high is 5.030 but asb securities 5 days graph does not show this high, does asb securities graph lag? Or error
    with asb securities?

  4. #1864
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    Quote Originally Posted by stealthmaster View Post
    52 day high is 5.030 but asb securities 5 days graph does not show this high, does asb securities graph lag? Or error
    with asb securities?
    if you want to look at a better chart go to big charts and type in nz:mel
    bull

  5. #1865
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    looking like start of big increases in gentailers today

  6. #1866
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    Can some give background on why CEN has a significantly higher SP than all the other sector comparable companies MCY MEL TPW GEN?

  7. #1867
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    Quote Originally Posted by NADZAB View Post
    Can some give background on why CEN has a significantly higher SP than all the other sector comparable companies MCY MEL TPW GEN?

    If you and I had an equal value houses and you divided it into 2 shares and I divided mine into 4 shares then each of your shares would be twice the value of mine. Houses still worth the same though.
    Last edited by 777; 06-07-2019 at 08:36 AM.

  8. #1868
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    https://www.odt.co.nz/business/press...SQXjJZVkkA5uRk

    "We've changed our OCR call and now expect the Reserve Bank to cut the OCR by 50 basis points, to 1%, by the end of the year,"

    Looks like OCR cut coming August & November, yield shares set to rise again
    Last edited by stealthmaster; 15-07-2019 at 10:40 AM.

  9. #1869
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    Quote Originally Posted by 777 View Post
    If you and I had an equal value houses and you divided it into 2 shares and I divided mine into 4 shares then each of your shares would be twice the value of mine. Houses still worth the same though.
    Yes and check out their mkt caps NADZAB and work out the numbers of shares for each, its GNE btw.

    MEL mkt cap $11.9 billion
    MCY $6.2 bill
    CEN $5.5 Bill
    TPW $2.27 bill
    GNE $3.57 Bill

  10. #1870
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    Are these figures for real. P E 50, EPS .095, Yield 5.1%. (5.1% of $4.80 = .24 c)
    How can this be?

    Fundamental


    P/E 50.000
    EPS $0.095
    NTA $1.720
    Gross Div Yield 5.130%
    Securities Issued 2,563,000,000

  11. #1871
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    Quote Originally Posted by JAYAY View Post
    Are these figures for real. P E 50, EPS .095, Yield 5.1%. (5.1% of $4.80 = .24 c)
    How can this be?

    Fundamental


    P/E 50.000
    EPS $0.095
    NTA $1.720
    Gross Div Yield 5.130%
    Securities Issued 2,563,000,000
    These are off the NZX, right?

    Without referring to annual reports...….MEL would pumping out huge free-cashflows (EBIT - tax + depreciation - change in working capital - capex). This would account for their dividend % compared to the EPS, and the PE ratio (which would be say $4.80/$0.095).

    NTA would be based on the book value of their assets, and largely irrelevant. Not sure what the depreciation rate would be but those dams should be there for a long, long time - with not a huge amount of capex. Gives a value of about $4.4b for their assets - the replacement value would be much, much, much more than that.
    Last edited by Sideshow Bob; 18-07-2019 at 11:37 AM.

  12. #1872
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    double rate cut causing big increases?

  13. #1873
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    Looks like this going over $5 soon!

  14. #1874
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    Quote Originally Posted by stealthmaster View Post
    Looks like this going over $5 soon!
    Yes, it was always on just matter of when not if.

  15. #1875
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    Quote Originally Posted by stealthmaster View Post
    Looks like this going over $5 soon!
    Chasing yield at any cost is a recipe for a severe skunking at some point. PS-Learnt this lesson myself a few times.

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