Yes lots of action on and off market. Looks like a few insto's swapping views. Actually all of the Electricity sector hard hit this week. However provides a reasonable divi to keep us happy until sentiment recovers.
Printable View
Yes lots of action on and off market. Looks like a few insto's swapping views. Actually all of the Electricity sector hard hit this week. However provides a reasonable divi to keep us happy until sentiment recovers.
I'm sure CEN will come right - once Ralph gets used to working for CEN and not Origin!
http://www.nzherald.co.nz/business/n...ectid=11558438
Picked up 8500 @ 4.62 partially funded by selling some TME shares. I am now skint. The only way I'll be investing anymore in anything is if I get some sort of return on the $620 I have in bonus bonds. I have spent the last couple of days reading about my new company and it's cool geothermal assets. Wow, it cost $623M to build Te Mihi. What a beautiful looking machine it is - like solar or wind will EVER be able to compete with that.
.........hearld quoting a 16.1% pa yield. Craigs quoting about 7%pa..............I somehow think the latter might be correct. Can't believe one party could get this so wrong. ( but which one)?? Not a shareholder so maybe someone can put this right.
hi MFD.....yes I thought as much. Poor old Joe Blogs will now be jumping in tomorrow buying CEN thinking they are going to pick up a 16.1% yield......if I was that reporter I'd be bringing my Xmas holiday forward and skipping the country.......pretty shocking really to print that without fully researching the facts!!
Quite a few buybacks, was this expected?
What would the sp be if they weren't buying. Insto's using the buyback as a good time to sell me thinks.