quite a vanilla 7 year bond which is good to see with all those hybrids out there.
4.2-4% about the same as a 5 year TD, but at least there's liquidity.
not that attractive from a interest rate or duration risk reward perspective but it should function like a traditional bond in that the entity is obviously pretty solid
I've just asked for a few of the bonds - diverting some money that was heading to a TD. I'll treat it as a safe place to keep the cash and the possibility of liquidity is attractive.
MEL seem to be generating hard and the spot prices of late appears to be very high should be able to make up from a slow start to the FY
It was an amazing morning this morning wasn't it? I see diesel was producing 142 MW at one point which I assume comes from contact's Whirinaki Power Station. Wind was producing close to zero. At one point I think it got up to 1 MW - incredible to think that all 17 of NZ's windfarms lay idle for hours.
I see wind is producing just 1 MW as I type this. The coal burners at the moment at Huntly are producing 159 MW, the poor buggers have barely had a break in the last six weeks where as recently the wind turbines have pretty much been lollygagging around in the sun, acting virtuous, but doing next to no work. Hey at least they look good.
Do you like to read EnergyTrendz? I always find it interesting to see who is producing what (see page two of the link). Yesterday just about everything but the kitchen sink was generating right across the board.
Bodn good reading thanks for posting the link interesting pricing dynamic over the last few days considering Hydro storage is at average for this time of the year. Todays pricing action suggests it could be a long hard winter for those paying spot prices but should good for MEL going forward ....
Time is a great teacher, but unfortunately it kills all its pupils
That is what is wrong with the market . It is a rort that diesel is running when there is plenty of water . Clearly the generators should be separated from Retail.
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