GNE - Genesis Energy

[winner69]

still don't know much about this industry

Is this a good report? Written like it has been really good times for Genesis

http://nzx-prod-s7fsd7f98s.s3-websit...155/363295.pdf

[Entrep]

Decent dip today triggered a price alert for me. What gives?

[winner69]

Hope those looking to buy in at $2.50 are not holding their breath
It occurs to me, (and I am sure I am not the only one), that stocks like this are a pretty safe haven in uncertain times.

That 250 still on the cards methinks

esp if our mate Orr thinks we need a fast and decent rise in the OCR

[Drone]

Purchased a small amount of GNE today at $2.69, may not be the bottom but good long term value here IMO

[Beagle]

still don't know much about this industry

Is this a good report? Written like it has been really good times for Genesis

http://nzx-prod-s7fsd7f98s.s3-websit...155/363295.pdf

Hard to get a handle on it...I tried. Not sure what the implications are for FY22 earnings if any or if the target for EBITDA is still over $400m ?

That 250 still on the cards methinks

esp if our mate Orr thinks we need a fast and decent rise in the OCR

18 / 0.776 = 23.2 cps gross forecast dividend. 23.2 / $2.81 = 8.25% gross forecast yield for 2022

People use power no matter what the economy is doing so 8.25% for a fairly safe utility seems pretty attractive to me so I will HOLD and hope the recent correction is overdone.

If the correction continues $2.58 would give a prospective gross yield of 9%... Hmmm...I think I'd go seriously overweight at that level.Beagle

Must admit I am surprised to see it down at around this level. Better warm up the truck for $2.58 just in case. Hard to see how you can go too far wrong in the medium to long term at $2.58 earning 9% gross yield.

[JAX]

Nice little jump up to 2.80 from 2.67 so seems to be going the other way. So maybe that was the bottom for now.

[Beagle]

Winner me ol mate, you'd better get your next quasi "term deposit" on before the rate gets less attractive

[Sideshow Bob]

Genesis delivers strong result while investing for growth - NZX, New Zealand’s Exchange

Genesis delivers strong HY22 result while investing for future growth
- EBITDAF $216.0 m (down 3% on pcp)
- Net Profit $52.0m (up 63% on pcp)
- Underlying Earnings $59.7m (up 1% on pcp)
- Earnings Per Share 5.0 cps (up 62% on pcp)
- Underlying EPS 5.8 cps
- Interim dividend 8.6 cps (up 1% on pcp)
- Free Cash Flow $157.7m (down 4% on pcp)

[winner69]

Genesis delivers strong result while investing for growth

and

Interim dividend 8.6 cps (up 1% on pcp)


Suppose in Genesis lingo 1% is ‘strong’ …..even though ebitdaf thingie is down 3% …but ‘strong’ can have many meanings eh

[winner69]

Whoops they made a few mistakes in their announcement …….useless lot

Dividend is 8.7 cents ….up 1% from 8.6 cents pcp

Couldn’t even get the ebitdaf number correct

Suppose a lot of other things wrong as well