GNE - Genesis Energy

[bull....]

		Price	Dividend	Yield
Contact		6.4	0.26	4.06%
Genesis		2.18	0.16	7.34%
Mighty River		2.94	0.14	4.76%
Meridian		2.2	0.13	5.91%
Trustpower		7.52	0.4	5.32%

[Beagle]

		Price	Dividend	Yield
Contact		6.4	0.26	4.06%
Genesis		2.18	0.16	7.34%
Mighty River		2.94	0.14	4.76%
Meridian		2.2	0.13	5.91%
Trustpower		7.52	0.4	5.32%

Those are net yields mate. I don't know about the others but in Genesis case its fully imputed so you need to divide the net yield by 0.72 to account for the 28% full imputation credit attached so I get a gross yield of 10.19% at $2.18. Even at closing price today of $2.21 based on a gross dividend of 22.22 cents incl of imputation credits that's still over 10% (10.05%) and that's only paying out 80% of forecasted profit and there's no need to build new generation capacity for many years. Plenty of rumours in the market about capacity for special dividends and why not !! We know the government like special divvy's, see recent example of whopping AIR special divvy of 10 cps, that was really tasty, what chance of a repeat with GNE

[couta1]

Well this is one I did get right (I know there haven't been that many) Disc- Holding 29k shares at $1.55 with bonus ones to come

[Beagle]

Well this is one I did get right (I know there haven't been that many) Disc- Holding 29k shares at $1.55 with bonus ones to come

Yeah Ha !! I'm very happy for you mate Hang on in there and ride this puppy all the way to $2.50+ plus bonus shares !!!!

[couta1]

Thanks Roger, as an aside you will have noticed the Air NZ price on the rise must be time for you to jump back on board?

[Beagle]

Thanks Roger, as an aside you will have noticed the Air NZ price on the rise must be time for you to jump back on board?

Ssssshh, keep it between us but I sinned and bought back in earlier this week, (up 7 cents already). Not sure how they're gaining so much altitude so quickly with big Rodge back on board lol. Looks like I might have got a bit over-concerned with the ebola threat...talked to my pilot mate last week and nobody seems that worried about it...happy to admit I might have got the seriousness of Ebola threat wrong but its early days so just a toe in the water for me. Bought more HNZ, GMT and first buy into MFT this week too so busy week setting my portfolio up for 2015.

[bull....]

My yields were net so ya right Roger gross always looks way better a, anyway the japan pension fund started deploying mony last week i read 50 billion going into us stocks to kick it off with particular emphasis on high yielding big cap stocks so hopefully some of the money trickles down under soon

[Balance]

The semi-annual review of the MSCI Equity Indexes saw the three government-controlled energy generators and retailers climb to records after MRP and Meridian were included in the MSCI Global Standard Index, exiting the MSCI Global Small Cap Index, which Genesis was added to.

[RTM]

Ssssshh, keep it between us but I sinned and bought back in earlier this week, (up 7 cents already). Not sure how they're gaining so much altitude so quickly with big Rodge back on board lol. Looks like I might have got a bit over-concerned with the ebola threat...talked to my pilot mate last week and nobody seems that worried about it...happy to admit I might have got the seriousness of Ebola threat wrong but its early days so just a toe in the water for me. Bought more HNZ, GMT and first buy into MFT this week too so busy week setting my portfolio up for 2015.

Lucky you added the AIR purchase on this thread Roger, well done. No one from AIR will see it here.
Good thinking.

[Bobdn]

Bought today at $2.16.