GNE - Genesis Energy

[airedale]

Hi Percy, and others, I find it intriguing that just as the GEN float is here then the other two power companies {MELCA and MRP} which have so far been lacklustre are now starting to shine brighter than before.
What is the message? Buy more GEN after the initial euphoria?

[percy]

Hi Percy, and others, I find it intriguing that just as the GEN float is here then the other two power companies {MELCA and MRP} which have so far been lacklustre are now starting to shine brighter than before.
What is the message? Buy more GEN after the initial euphoria?

Hi Airedale,
I think it is because David Cunliffe is the wrong person to be Labour's leader.
Therefore the chances of seeing Labour/Greens' single buyer of power model is remote.

[Harvey Specter]

I think it is because David Cunliffe is the wrong person to be Labour's leader.
Therefore the chances of seeing Labour/Greens' single buyer of power is remote.

Bingo. .

[ScrappyO]

Just heard its 1.55 on news.

[Master98]

final IPO price set at $1.55

[JBmurc]

Just heard its 1.55 on news.

Right well hope to get them cheaper when I go to buy anyone know likely first divie payment date ?

[troyvdh]

Dear JB..how do you intend to do that and why...cheers

[shonen knife]

If the dividend is really going to be 14.3% every year, then how does it make any sense for the government to be selling this? According to http://www.stuff.co.nz/business/indu...is-share-price, selling at $1.55 raises them $736 million and the “The brokerage, legal and PR fees run into well over $100 million." , so that means they will make around $600 million from the sale which they would have made in 6 years via dividends ($736 * 14.3% = $105 mil, so 6 years to make back the 600 mil that they will actually get). But that is probably just my flawed view/calculation.

[troyvdh]

Dear shonen...did you include the 1 for 15...after what a year.../...is that about 6% also.....go for it...

[shonen knife]

Dear shonen...did you include the 1 for 15...after what a year.../...is that about 6% also.....go for it...

lol, not sure if that was included in the 14% from the article (I assume not), either way their has got to be some catch to this. I am very interested in this offer, but guess I will need to do my homework this weekend.