GNE - Genesis Energy

[Jaa]

22.5515 / 155 = 14.5% gross for those who bought into the IPO.

22.5515 / 145 = 15.6% gross for those who bought into the IPO and hanged onto them for a year to get the bonus shares.

What a terrible decision by National and John Key to give away some of NZ's best assets, especially since they preferred overseas investors over retail investors, which could only invest $5,000 worth. Always such a terrible steward of NZ's wealth that National Party.

[see weed]

$3.01 ex divvy gives 7.5% gross yield, (assuming 17.5 cps divvies in FY21 and 80% imputation rate).

ASB Morningstar are saying 9.05% yld. at $2.85c. Anything over 7.5% is good .

[dibble]

ASB Morningstar are saying 9.05% yld. at $2.85c. Anything over 7.5% is good .

That's annoying. I tend to use any ASB (and Forbarr) "buy" recommendation as a sell signal and vice versa but I quite like GNE. What to do....

[macduffy]

What to do....

DYOR, of course!

[winner69]

I’ve never been one to buy a stock just for the divie, esp as a de facto term deposit.

As times have changed need to do this and take the 8% on GNE ...instead of a term deposit at some miserable about.

I suppose when doing this you need to think of it as say a 3 year term deposit ..leave it in there for the duration and collect the returns ...don’t touch it.

Otherwise you’d worry about what your capital is doing ....like if I had done this a year ago I’d be rapt in the divies but distressed about about the 16% loss of capital in a year.

Or is just a case of hoping it’ll all turn out honky dory ..no matter what

Well, it looks I've now got the equivalent of a 3 year Term Deposit ....and hoping like hell that I'll get my principle back in full.

[Snoopy]

Well, it looks I've now got the equivalent of a 3 year Term Deposit ....and hoping like hell that I'll get my principle back in full.

Whether you get your principal back in three years will be entirely up to the market. But whether you still have your principle(s) after three years is entirely up to you :-)

SNOOPY

P.S. not wanting to be too anal about this, but just noting that on some occasions, spelling does make a difference!

[King1212]

Beautiful....9% yield....buying hard out!!!

[bull....]

this stock been thumped since ex div , stink i had a few i brought for the div

[winner69]

Whether you get your principal back in three years will be entirely up to the market. But whether you still have your principle(s) after three years is entirely up to you :-)

SNOOPY

P.S. not wanting to be too anal about this, but just noting that on some occasions, spelling does make a difference!

Ha ha ...I'll blame spell check!!!!!

[King1212]

Dividend stock....don't lose money bifbu don't sell it bull...