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07-03-2019, 10:18 AM
#1711
 Originally Posted by oldtech
Yup, agreed. Just making the point (not that I need to point it out to anyone here I'm sure) that the TA can be encouraging for many a year ... until the "bend in the trend at the end".
Absolutely mate, couldn't agree more. Simple TA, break down through 100 day MA, would have got people out of THL at ~ $6.20. Cool eh 
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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07-03-2019, 10:21 AM
#1712
Originally Posted by bull....
obviously you dont need income?
Not really, prefer DRPs where available. In this case though, think it getting bit toppy, so good to lock in some real gains.
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07-03-2019, 10:26 AM
#1713
Originally Posted by sb9
Not really, prefer DRPs where available. In this case though, think it getting bit toppy, so good to lock in some real gains.
switch to gne ? better yield and lagging mel performance
one step ahead of the herd
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07-03-2019, 10:30 AM
#1714
Originally Posted by bull....
switch to gne ? better yield and lagging mel performance
Already have some on my radar which I'm looking for good entry point.
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07-03-2019, 12:05 PM
#1715
From MCY thread end of February 2019
Beagle
I have crunched all the numbers on current share price and taking into account the degree of imputation credits below :- (this post to be continued)
MCY $3.60 Final divvy FY18 and Interim divvy FY19 total 15.3 cps 100% imputed = 21.25 cps gross = gross yield 5.9%
MEL $3.71 Final divvy FY18 incl special and Interim divvy FY19 incl special, ordinary divvies 86% imputed, special's not, gross divvy total 24.1 6 cps = gross yield 6.5%
GNE $ 2.79 Final divvy FY18 and interim divvy FY19 total 17.05 cps 80% imputed = gross 21.97 cps = gross yield of 7.9%
MEL divvy is supplemented with capital management program which is reviewed from time to time.
GNE earnings and their ability to pay these divvies is supplemented by Kupe and gas fields that from memory make up somewhere around one quarter of EBITDAF and are in very gradual decline
FWIW I hold GNE MEL and Contact.
Why are these companies going up in price ? 10 Year bank swap rate is now down to just 2.4%. Really safe yield.
Some people might sell MEL when it hits $4. I won't be one of them.
Last edited by Beagle; 07-03-2019 at 12:06 PM.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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14-03-2019, 09:49 AM
#1716
good mthly numbers , demand up again must be lots more aircons operating
one step ahead of the herd
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14-03-2019, 10:09 AM
#1717
[QUOTE=bull....;751235]good mthly numbers , demand up again must be lots more aircons operating[/QUOTE]
Yes, February was VERY HOT ! National electricity demand up nearly 5% !
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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21-03-2019, 03:18 PM
#1718
nearly back at all time highs
one step ahead of the herd
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22-03-2019, 10:15 AM
#1719
on fire new all time highs
one step ahead of the herd
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22-03-2019, 10:16 AM
#1720
Originally Posted by bull....
nearly back at all time highs
Broke through $4 mark on open.
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