That AGM must have infuriated the shareholders - enough to break support and breakout downwards. CEN at 6.20 next week my guess...
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That AGM must have infuriated the shareholders - enough to break support and breakout downwards. CEN at 6.20 next week my guess...
Ouch! Seems like we need directors who spend a bit more time in NZ. The current lot clearly had no idea of the national mood.
However if you do your arithmetic, switching to another supplier probably won't save you any money. You only have the satisfaction of giving the directors the metaphorical fingers.
Hopefully some good will come out of it and Pryke & Saunders will be dumped.
Loved the part when shepard asked the directors individually whether they think they are undrpaid .... and the woman one said she doesn't get paid to start with
I had heard one theory that the price increase was a way to try to bleed off some SI customers that was costing them money with the high spot rates. The directors fee debarcle just a disaster on top......
Contact may lose 5pc of customers
Contact Energy is set to lose up to five percent of its customers by the end of next year, a top sharebroking firm says.
http://www.stuff.co.nz/4740746a13.html
Wonder why they want to talk the price down?
Did they act for Origin last time there was a full takeover offer?
Nope, they are not talking the price down. The reality is that the average NZ is pissed off and changing suppliers due to the action of the directors. I am about to change my supplier from Empower to Mercury also. Listening to talkback radio, it seems there are alot of unhappy CEN customers and shareholders.
And it has all coincided with a major trend reversal Doc!