Yes me, just a few, to try and get my average down a bit as well but aware I may be falling into one of those divie traps. The Bear doesnt like traps :(
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Hillside stability problems above Lake Dunstan has potential to cause CEN some headaches
https://www.odt.co.nz/regions/central-otago/crews-aim-keep-road-open-after-cromwell-landslip
Yes BaaBaa I have topped up a little in the low 560s. I assume they will need to lower dividend somewhat from 2022 or 2023 onwards when their EBIDTA will take a significant hit, but even if they lower it to 30c (I hope that will be the floor), we are still talking about a 5.3% odd dividend and potentially some upside in the SP from current level.
Wait .....it will go around $5...
The biggest headache for Contact from that wee slip will be that the General Manager Hydro, Dispatch Manager and Asset Managers will all have to work from home for a day or two, just like they did right through lockdown. There are a few other staff who also live in Cromwell and work at Clyde who will be inconvenienced. That slip is upstream of the junction of the two arms of Lake Dunstan at a point where the Clutha arm of the lake narrows, but is still quite deep, so will have no affect on operations. The size of the slip "is estimated at about 30 metres long, 20 metres wide and 15 metres deep", or around 9,000 cu m.
CEN SP has been hit more than MEL by the Tiwai shutdown announcement. Any reason behind the difference?