Who are you and what have you done with Balance? LOL
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Utilico slowly taking out a big hunk of NZO. From here it could end up many ways. It could be just a quick money play or all the way to 19% then selling it to another party for a NZO takeout.At the moment it sure is a cheap accumulation for UTILICO with little or no opposition.
In some ways NZO could have justified a no sell until the KUPE ungrade is announced, or at least a watch as this upgrade should materially effect the share value.It will be interesting to see what values are put on the company post middle of this month.
There is a saving grace in that 70% (arbitrary – plucked out of the air) of the NZX is even more undervalued. Return on dividends for a surprising number of listed coys is over 6%. Yes, I’ve noticed the big trade days for NZO – and hope that in two years I’m not "90% ousted". The ‘danger’ will come from a confluence of really ratty cash rates, bulging corporate coffers, bulging personal savings, and an undervalued bourse. So, I keep a weather watch on the SSH notices – but not hitting the alarm bells.... yet.
Having said that – I wouldn’t be too surprised that there’s beady eyes watching NZO somewhere... it is no longer fashionable to say it.. but ... ‘peak oil’.
Hope all is good up there in Taranaki with that quake just now - would have been felt over half the country I think.
The great advantage that mushrooms have is that they get their energy from the ground itself. Mushrooms obtain it from the cellulose and sugars already concentrated for them – unlike those idiot photosynthesisers who have to construct it out of thin air and slowly gathering sunlight.
Motor spirit and diesel are still the preferred transport fuel. And I can’t see anyone running to convert their fleet of Boeng 737s to CNG in a hurry – no matter what price natural gas is.
Nothing practical beats oil for energy density – ( liquid hydrogen isn’t practical – and anyway, notice that nobody smoked near a Saturn B5 launcher.)
That is a condictions in terms.We were all led to believe that Noggers were mushrooms as you the 'Power Of One" have often said so. But then again i wonder if you have let the truth slip out. Mushrooms are the ones that sold and are selling to Utilico and ture Noggers know the value of stuff regardless of the moment and are holding.
Anyways it is good to have you back Balance.You are very prominate when the share is falling but become scarce when it does a small rise.
So how much does Utilico pay you for your good service to them? Should be worth a pretty dollar.You sure have spent a fair amounr of time setting them up.