GNE - Genesis Energy

[bull....]

Occam's razor : One should not multiply entities beyond necessity.

The governor of the reserve bank indicated that the cash rate will probably be lowered.

Rock star Economy? I think not.

Absolutely no return on term deposits.

the most simple solution is to then buy more genesis

[Beagle]

I get about 17.25 cps for FY19. Looking ahead I expect about 17.6 cps in dividends for FY20 and at 80% imputation rate this is 17.6 / 1 - (0.28 x 80%) = 17.6 / 0.776 = 22.68 cps gross. On a theoretical ex dividend price next week $3.22 - 0.0845 = $3.1355....22.68/313.55 = 7.23% Gross yield for FY20 + future growth

I remain of the opinion that despite the recent strong run, GNE has considerable upside as this sort of yield from a safe gentailier (in this ultra low interest rate environment) is simply outstanding.

[bull....]

Shane Solly, a fund manager at Harbour Asset Management, predicted term deposit rates would fall with many looking to reinvest it into stable dividend paying stocks like utility companies

https://www.nzherald.co.nz/business/...ectid=12217102

[Beagle]

GNE biggest winner of the week Shares still trade cum the 8.45 cps divvy on Monday and Tuesday this week folks.

[couta1]

GNE biggest winner of the week Shares still trade cum the 8.45 cps divvy on Monday and Tuesday this week folks.

No thanks, overpriced like MEL IMO, I will stick with HLG for my divvy feed.

[Beagle]

Fantastic yield on HLG and also has excellent prospects for gains.
I think GNE in particular but also MEL and CEN still have quite a lot of room to run north as the reality of this ultra low interest rate environment sinks in but the next shoe to drop in terms of yield could well be people accepting more risk for a really whopping yield with stocks like HLG, ZEL and AIR. I am well positioned
I also expect the REIT's to do very well and note the highest yield one is ARG, also well positioned.

[Baa_Baa]

I think if you're on top of your TA, i.e. know how to avoid a capital rout, it's probably not too late to jump on or hold these earners (and others that some tout) but historically they're all stretched and when (not if) the rout happens one must have the means to identify and act on it. It might be awhile away, difficult to tell when, but it will come when too many are piling into the entry when the exit is the best choice. Jmho, brush up on your TA skills, any which way the next phase after this is not going to end nicely. Too many negative macro effects, but in the meantime, enjoy.

[bull....]

No thanks, overpriced like MEL IMO, I will stick with HLG for my divvy feed.

people can stop buying new clothes , but people cannot stop buying power. i think i stick with the more reliable future divs from gne for my divvy feed

[bull....]

I think if you're on top of your TA, i.e. know how to avoid a capital rout, it's probably not too late to jump on or hold these earners (and others that some tout) but historically they're all stretched and when (not if) the rout happens one must have the means to identify and act on it. It might be awhile away, difficult to tell when, but it will come when too many are piling into the entry when the exit is the best choice. Jmho, brush up on your TA skills, any which way the next phase after this is not going to end nicely. Too many negative macro effects, but in the meantime, enjoy.

new low rates worldwide will be with us for a long time , i think gentailers will be in very high demand going forward for safe div yields , no matter the macro environment

anyway some nice macro data to start the week

China's Factory Rebound Heralds Improvement in Global Outlook

https://www.bloomberg.com/news/artic...d=premium-asia

still thinking low growth , low rates will be the norm

[Beagle]

A decade on many of the major banks overseas are still in a mess from the GFC. No way out of this mess other than ultra low interest rates right through into the 2030's and let inflation do its thing, in my opinion. Here people are going to be staring down the barrel of the best term deposit rates from banks being sub 3% later this year and after tax only just keeping up with inflation. Who wants to invest for no return ? Certainly not me !