GNE - Genesis Energy

[flyinglizard]

Not dirty energy again. They are trying to source more green energy.


Power generator and retailer genesis energy is in advanced talks to help build New Zealand's biggest solar farm.
The developer is under wraps for now, but the project's being proposed for Northern Waikato, and it would be ten times bigger than the solar farm currently planned by Refinery NZ at Marsden Point.
The plan will generate 550 gigawatt-hours of electricity.

[Lion_graf]

Morning star are saying to sell/avoid GNE due to profit downgrade. Did I miss an announcement?

[winner69]

Morning star are saying to sell/avoid GNE due to profit downgrade. Did I miss an announcement?

Don’t think there’s been a profit downgrade

On ASB morningstar reference
Valuation: $2.40 SELL
06 Jan 21 - Downgrade due to price change

Code for its outrageously overvalued so you likely to lose if you buy / hold at current prices

[flyinglizard]

Valuation report just rubbish. like SKT has been evaluated between $0.3 -$0.4, but the SP never breaks through $0.18.

[ratkin]

Don’t think there’s been a profit downgrade

On ASB morningstar reference
Valuation: $2.40 SELL
06 Jan 21 - Downgrade due to price change

Code for its outrageously overvalued so you likely to lose if you buy / hold at current prices

Come on winner, you know perfectly well those morning star recommendations are pretty meaningless, although the utility stocks have gone crazy bubble, it pretty clear. Unbeliveable what has happened the last Three days. Never seen the like, especially with the likes of NWF

[winner69]

as the nonsense continues MEL dividend yield down to 2.06% (Directbroking)

Just imagine if GNE traded at this yield

Its share price would be $8.60

[winner69]

This ETF buying MEL and CEN because of their green credentials

I reckon they've overlooked GNE so I've sent them the presentation GNE did a month ago

Really compelling preso - things like Empowering New Zealand’s sustainable future

I've alsp asked the GNE investor relations guy to pull finger and give the ETF people a buzz saying they have backed the wrong horses

http://nzx-prod-s7fsd7f98s.s3-websit...717/336982.pdf

[bull....]

although you made some dough from gne unfortunately you backed the wrong horse mel by far won the race

[BigBob]

although you made some dough from gne unfortunately you backed the wrong horse mel by far won the race

You saying that they are already over the finishing line....?

I think there's still a furlong to go...

Discl: hold MEL and GNE

[winner69]

although you made some dough from gne unfortunately you backed the wrong horse mel by far won the race

Just want them to catch up with CEN at leastthen I be happier