Any of you guys follow GNX, NEW, IFN? All are on the ASX. They are interesting little power companies. I have gone pretty heavy on GNX.
Sorry its the wrong thread, but might be of intrest to some.
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Any of you guys follow GNX, NEW, IFN? All are on the ASX. They are interesting little power companies. I have gone pretty heavy on GNX.
Sorry its the wrong thread, but might be of intrest to some.
Rio Tinto, will they go or will they stay?
Transpower are moving their pieces around on the chess board if they go.
https://www.transpower.co.nz/clutha-...-lines-project
Boop boop de do
Marilyn
PS Could someone explain why you would upgrade Roxburgh - Liningstone and Aviemore - Benmore but not the lines between.
think vector might throw spanner in the works of the supposed transpower subsidy to rio
Vector says if smelter gets Transpower discount then it may ask for one too
https://www.stuff.co.nz/business/120...sk-for-one-too
opens up a whole can of worms for other industries to seek subsidy.
While I appreciate the Tiwai descision is important I think it would be remiss of us not to realise these are businesses are predominantly non-cyclical dividend payers in a declining rate environment. People will likely postpone a holiday or purchase long before they go back to living by candle light and heating pots of water over a wood fire.
That's very true. After food and shelter ones power bill is right up near the very top of the list of priorities but the $64,000 question is how would a Tiwai Pt closure affect the profitability of the various companies in this sector and their ability to pay dividends ?
Based on the current situation, where china economy is slowing down... world is fighting the virus, uncertainty over world economy..I think it is high likely that Tiwai will be closed down.
Cindy will help those workers anyway.
How many companies will still be paying dividends, much less at the same level, if we have a servere recession? For most of us risk is relative.
"...as we know, there are known knowns; there are things we know we know. We also know there are known unknowns; that is to say we know there are some things we do not know." - Donald Rumsfeld