Yes....pretty solid and as you say EBITDAF was projected at $350-$370m for FY19, (see page 3 of November 18 investor presentation) http://nzx-prod-s7fsd7f98s.s3-websit...112/290863.pdf and that forecast has now been been upgraded to $360m - $375m.
Dividend is up 1.8%, a continuation of their policy of increasing dividends each year to ensure they at least stay the same in real inflation adjusted terms.
Results Presentation here http://nzx-prod-s7fsd7f98s.s3-websit...140/295775.pdf
Disc: Happy holder for yield.
yield in there presentation 8.6% not to shabby compared to 3% in the bank
yield in there presentation 8.6% not to shabby compared to 3% in the bank
Yes it is safe yield too as people buy power in good times and bad. I am betting that GNE's oil and gas reserves have a life a lot longer than what is currently officially on the record and that they can maintain this dividend level, (increased to account for inflation each year) for at least the next 15 years. I'm also betting that the generation market will remain very tight for the foreseeable future and GNE will get a lot of value out of their remaining rankine units.
Last edited by Beagle; 27-02-2019 at 11:21 AM.
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
Yes it is safe yield too as people buy power in good times and bad. I am betting that GNE's oil and gas reserves have a life a lot longer than what is currently officially on the record and that they can maintain this dividend level, (increased to account for inflation each year) for at least the next 15 years. I'm also betting that the generation market will remain very tight for the foreseeable future and GNE will get a lot of value out of their remaining rankine units.
gne oil should have had a small up lift since report period ended too prob show up in the next results.
As the last 12 months have proven, it would be a mad decision to close it in the near future
got your answer , yesterday they say it may close in 5yrs MAY may MAY. MAY BEING THE KEY WORD MEANING THEY WILL KEEEP there options open. with demand rising and no new generation on the horizon except some wind i believe may will be alot longer than 5yrs .
Originally Posted by Beagle
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