EBITDAF down 11%, Profit up 53% on the back of gains on metering business. No further information in the simple release to understand what the result looks like with the one off taken out - would have been interesting to note given "average" hydro generation. Drop in interest rates will help ongoing depending on what their hedged position looks like.
EBITDAF down 11%, Profit up 53% on the back of gains on metering business. No further information in the simple release to understand what the result looks like with the one off taken out - would have been interesting to note given "average" hydro generation. Drop in interest rates will help ongoing depending on what their hedged position looks like.
Have only skimmed the results.
Looks far better than I expected in a dry year.
Next years forecast earnings based on average year look fantastic
The first 2 months earnings are going to be high with lots rainfall and high spot prices.
Just sold a small amount at $5-20 as now too high a percentage of my portfolio value-bought them 4 years ago at a little over 1/2 value sold.
Want to buy more nzo-cannot let OGOG buy them at a steal
I find myself in the absolutely unbelievable position of having MCY has my largest holding.
The price that Mercury & the like are trading at is beyond belief.
not if you think interest rates are going to zero or even negative. then the price is very rational at a 3 - 4% div yield. just ask some people getting zero % overseas.
More rational to accept the low rate for a year, then buy in when the price goes down.
What happens if we have low rates for 5 years?
Might the price go up and up?
You could miss out on any profit anywhere.
Diversification is the rational answer.
Its rational if you are at retirement age to have some in the bank and some in safe stocks as well as property(at least your house)
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Originally Posted by Pmdv77
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