GNE - Genesis Energy

[bull....]

similar update to MCY about lower inflows into catchment , guess these are probably temporary issues for both companies. good churns down and lpg seems to be going well. most of all no downgrade so must be tracking to there forecast result. once the inflows return to normal both mcy and gne should have a bounce in earnings i reckon

https://www.nzx.com/announcements/338083

[bull....]

Westpac says OCR could fall below 1 per cent this year, as export prices slide

A slowing labour market and falling export prices have prompted Westpac to warn the official cash rate (OCR) could be slashed to below 1 per cent this year

https://www.stuff.co.nz/business/114...t-prices-slide

WOW downgrading there forecasts again already. Makes the gentailers look very attractive for the immediate future

[bull....]

some info on genesis

Although it had "no immediate plans" to begin construction of the Castle Hill wind farm, which first received consent in 2012, that provided an opportunity for large-scale wind capacity to be added, he said.
"The technology onsite would need to be designed and the existing consents varied to take advantage of improvements in wind generation in the past five years."

https://www.stuff.co.nz/business/114...rbines-by-2050


I see the markets are pricing in a rate cut by RBNZ for August , probably need it pretty soon economic data probably slowing down rapidly now

[winner69]

Full year result pretty good

The bit - A strong retail performance with value defended in the wholesale market might be an invitation for Jacinda to get involved .....reads like they are keeping on fleecing consumers and making excessive profits.

But shareholders should be happy

[percy]

Full year result pretty good

The bit - A strong retail performance with value defended in the wholesale market might be an invitation for Jacinda to get involved .....reads like they are keeping on fleecing consumers and making excessive profits.

But shareholders should be happy

Jacinda as the largest shareholder should be happiness filled.
Well as one of the smallest shareholders I am.

[bull....]

pretty solid performance and next yrs guidance looks good for an uplift ( didnt mcy have a lower forecast for next yr). See there joining the ride sharing sector think tra joined it to recently so we got to big players joining the space although i would say genesis is probably in a better position than tra financially wise to support growth in these businesses.

[Beagle]

Yes a good solid result and strong outlook for FY20.
Gross yield accounting for 80% imputation =6.54%
http://nzx-prod-s7fsd7f98s.s3-websit...885/306381.pdf

http://www.sharechat.co.nz/article/c...l-earningshtml

[bull....]

As part of that deal, Genesis acquired another 10 petajoules of Kupe gas over five years. Chief financial officer Chris Jewell said it is paying “well-below” current gas prices for the supply and less than existing base-load contract prices

http://www.scoop.co.nz/stories/BU190...gas-supply.htm

[bull....]

the real laggard of the gentailer rally lately , wonder if its going to play catchup?

the spread that historically existed between gne and the others is at a historic high.

[macduffy]

the real laggard of the gentailer rally lately , wonder if its going to play catchup?

the spread that historically existed between gne and the others is at a historic high.

Has the market been seduced by the "green claims" of the others while GNE provides the backstop via its nasty gas/coal burning Huntly station?