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 Originally Posted by Rowdy Flat
Good luck with that. Trading MEL and CEN this morning has been the easy money.
Wait for the offshore institutions to wake up to the news.
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Originally Posted by Balance
Wait for the offshore institutions to wake up to the news.
I am expecting broker downgrades right across the sector and have been expecting this announcement for some time. One wonders whether many (any ?), in this sector can maintain their dividends ?
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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Originally Posted by Beagle
I am expecting broker downgrades right across the sector and have been expecting this announcement for some time. One wonders whether many (any ?), in this sector can maintain their dividends ?
Just found out the news, what is the consensus here, further falls, or a bounce when everything calms down
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Originally Posted by ratkin
Just found out the news, what is the consensus here, further falls, or a bounce when everything calms down
That as they say, is the $64,000 question !
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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Originally Posted by Beagle
I am expecting broker downgrades right across the sector and have been expecting this announcement for some time. One wonders whether many (any ?), in this sector can maintain their dividends ?
My understanding is that transmission capacity is currently not there to move this excess electricity away from the deep South. So what really changes in the main markets further North?
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Originally Posted by Beagle
I am expecting broker downgrades right across the sector and have been expecting this announcement for some time. One wonders whether many (any ?), in this sector can maintain their dividends ?
Agree. Morningside's fair value estimation of 6.60/share has always been based on their belief that the smelter will continue to operate
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Originally Posted by Beagle
I am expecting broker downgrades right across the sector and have been expecting this announcement for some time. One wonders whether many (any ?), in this sector can maintain their dividends ?
Have locked in the MEL bounce just in case - Money in the hand...
All science is either Physics or stamp collecting - Ernest Rutherford
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Originally Posted by Beagle
I am expecting broker downgrades right across the sector and have been expecting this announcement for some time. One wonders whether many (any ?), in this sector can maintain their dividends ?
I have retained my Genesis, as it appears they will maintain their dividend,and sold my MEL, as it appears they will not be able to.
Have replaced MEL with more SPK.
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Originally Posted by percy
I have retained my Genesis, as it appears they will maintain their dividend,and sold my MEL, as it appears they will not be able to.
Have replaced MEL with more SPK.
I'm holding onto MEL for now as its from IPO times, however added CEN y'day as couldn't ignore yield at those prices.
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