There are lots of "IF's" here. :)
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There are lots of "IF's" here. :)
Consumer complaints highest for Contact,least for Trustpower ,must be great opportunity for Trustpower if they change over to their billing system :)
I went to a presentation Tim Brown of IFT put on last week.
They are one of very few people looking to buy CNE.
Would not fit in with Trust Power.
As the listed power companies are 50% owned by the Govt they will not be buyers.
Love to buy it at what IFT think is fair value..
sorry I thought I posted this somewhere.
Contact is 51% owned by Origin and the rest was flogged off to the NZ public etc. So it could be game on folks.
Shareholder statistics Indemnity and insurance
In accordance with section 162 of the Companies Act 1993 and the constitution of the company, Contact has continued to indemnifyand insure its directors and officers, including directors of subsidiaries, against potential liability or costs incurred in any proceeding,except to the extent prohibited by law.
Twenty largest shareholders at 18 August 2014Origin Energy Pacific Holdings Limited
Number of ordinary shares383,508,98029,524,37127,341,24121,450,74116,842,98 014,887,84112,398,41111,891,34110,589,5559,638,424 7,825,1405,900,1364,767,9204,711,3104,683,9953,099 ,3312,729,1382,267,1411,854,9261,735,927577,648,849
% of ordinary shares52.304.033.732.932.302.031.691.621.441.311.070.800 .650.640.640.420.370.310.250.2478.77
Directors’ security participation
JP Morgan Chase Bank – NZCSD1
HSBC Nominees (New Zealand) Limited – NZCSD1
Accident Compensation Corporation – NZCSD1
Citibank Nominees (NZ) Limited – NZCSD1
Cogent Nominees Limited – NZCSD1
National Nominees New Zealand Limited – NZCSD1
HSBC Nominees (New Zealand) Limited – NZCSD1
Tea Custodians Limited – NZCSD1
New Zealand Superannuation Fund Nominees Limited – NZCSD1
FNZ Custodians Limited
Custodial Services Limited
Origin Energy Universal Holdings Limited
Premier Nominees Limited – NZCSD1
Private Nominees Limited – NZCSD1
Masfen Securities Limited
Guardian Nominees Limited A/c Westpac NZ Shares 2002 Wholesale Trust – NZCSD1Custodial Services Limited
Forsyth Barr Custodians Limited
BNP Paribas Nominees NZ Limited – NZCSD1
Total for top 20
Well chart doesn't look good? even though they have a share buy back approved.Similar to what happened a few years back.
Big seller lurking ?
Saville?
Caltex ?
Oversold?
Otherwise portfolio back to where it was at its highest :)
Now that IFT has locked in profits from the disposal of the remainder of its investment in ZEL, what will they do with the proceeds? Will they keep a war chest at the ready in case the market drops further? Have they got specific acquisitions already in mind (such as increasing their stake in MET)? Will they step up their buy-back programme? Or, will they make a cash capital return payment to shareholders?