Writing out loud: what are the implications of the Contact result for GNE?
I feel some low level anxiety coming on ;)
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Writing out loud: what are the implications of the Contact result for GNE?
I feel some low level anxiety coming on ;)
some cen panic flowing over to gne would expect an uptick this arvo?
Not surprising given the cen announcement, all power companies are down today. Happy to hold gne.
Just taking a look at the spot prices today, looks good for thermal generation at the moment.
http://www.electricityinfo.co.nz/comitFta/ftapage.main
Agree with above - govt likely to support capital return. I guess dominant risk for gne is aluminium smelter closure?
My understanding is the power companies will be going into period where free cashflows exceed taxable profits. So you have to do a capital return as you have insufficient imputation credits (haven't looked into what their current balance is) to do a fully imputed dividend and unimputed dividends are inefficient.
8cps div is the forecast, headwinds oil price on kupe earnings 12mths time, continue to lose customers so be interesting to see there margin on retail if it held because of there uncompetitive retail pricing or if it fell like contacts, tailwinds cost cutting and high wholesale prices they said they were on track with forecast a while back so would assume that the case?