Certainly looks that way. I noticed that David Baldwin has sold all of his shares.
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Agree
Their is great potential for a big lift in the sp in the next few months.
A drought and high spot prices looks on the cards.
Could soon be a drought of sellers soon-once those big aussie institutions stop trying to make big profits from their shares obtained from origin.
Yeah those institutions selling out must be weighing on the sp somewhat, as its hard to understand why Contact is sitting stubbornly at $5 otherwise. I do enjoy your optimism fish! But I wouldn't hazard a guess as to what's going to happen with the hydrology just yet. Ok El Nino, but the national storage at the moment is looking average, inflows are slightly lower than average but they tend to fluctuate quite a bit anyway.
http://www.electricityinfo.co.nz/comitFta/ftaPage.hydrology
yeah it is an all round better result really, although as you say, they've lost customers. Their cost to serve has gone up slightly though - I'm ignorant as to what this number actually reflects, but I thought they were trying to decrease this number by bringing in that SAP system.
But man, that is a lot more geothermal generation, 48GWh increase over Sep last year... less thermal but the less you run those thermal plants at the moment, the better I'd say.
Maybe your right fish, does seem to be shaping up to be a better year than last.
Love those two new appointments to the board they've announced today, Victoria Crone (Xero) and Rob Mcdonald (AIR). I think we're in good company with those two along with Sir Ralph as Chairman.
A lot of volume today? Someone big selling down into the buyback?
I reckon some of Aussies who got those cheap shares from Origin sell down might be booking in profit. Or else, why would you sell when the company is on buy back programme.