Simple. Buy on IPO. Receive the bonus shares. Sell 2/3 of my holding when the price was high, buy them back when the price was low. :D
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Simple. Buy on IPO. Receive the bonus shares. Sell 2/3 of my holding when the price was high, buy them back when the price was low. :D
PSE I agree wityh you but you are an engineer and logical. Not a good share to own.
Gee PSE & Fish - I challenged a couple of very Senior posters on why their TA hadn't picked the Spark bounce when the markets were really ugly a few weeks and got sin-binned - you guys might be on thin ice!
The cognitive fault is thinking you know how my mind works-not libel and not meant to put you down.
You have posted many good points-and believe it or not I respect those related to your area of expertise.
There is no point repeating the many postings I have made about GNE.
They are certainly not just about the dividend.
What do you mean by common sense?
A foolish investor would invest for instance in finance companies that have poor assets JUST because of high interest rates.
Genesis has quality assets-not perfect and you can pick flaws-but look at what they are doing to fix it.
Look at what is happening to increase margins.
Look at EBITA and my previous postings on this.
It is clear that I think beyond the current dividend.
However the current dividend is a measure that many find useful.
As interest rates fall shares with high dividends become more attractive to investors.
I am investing for my retirement and dont see a bank deposit growing - deposit rates minus witholding tax are only a fraction above inflation.
Hence my investments are in 2 properties ,a business,and 6 shares-genesis being about a quarter of my share investments.
Diversification is so important.
You may think investing in genesis is foolish-but is that common sense or just an engineers sense?
From nbr-
Earnings before interest, tax, depreciation, amortisation and movements in the fair value of financial instruments, often seen as a preferred measure for underlying performance, rose 12% to $344.8 million.
The company will pay an 8c per share final dividend on October 6, an increase from last year's 6.6c, taking total distributions in the current financial year to 16c, compared with 13c in the previous financial year.
That equates to 80.9% of free cashflow, compared with 80.4% the previous year. Free cashflow, at $197.7 million, was 22% higher than the previous
In corporate finance, free cash flow (FCF) or free cash flow to firm (FCFF) is a way of looking at a business's cash flow to see what is available for distribution among all the securities holders of a corporate entity. This may be useful to parties such as equity holders, debt holders, preferred stock holders, convertible security holders, and so on when they want to see how much cash can be extracted from a company without causing issues to its operations.
Everyone is entitled to their opinion but there are so many ways to look at the performance of genesis.
I would be really concerned if genesis was paying out more than they could afford.
PSE-We clearly differ in our interpretation and that is healthy and I thank you for your postings.
Hope you do find the share you are looking for-and I hope you start a thread on it.
Hi Percy - I'm still at a bit of a loss about that, didn't quite know why was put on ice for a week but assumed was related to SPK thread. I do hold GNE from the IPO and quite happy to hold with the fat yield.
Hi Percy - I'm still at a bit of a loss about that, didn't quite know why was put on ice for a week but assumed was related to SPK thread. I do hold GNE from the IPO and quite happy to hold with the fat yield.
Who put you on ice?
I am just a little concerned.We have lost great posters such as Phaedrus,Belgarion, and Sauce . Noodles is having a holiday.
Just wondering whether Vince should email them, and ask them why they left the site?.I was far from impressed, when I had my few hours holiday.
I will point out I had a PM from Phaedrus before he left, pointing out why he would be leaving,and have always felt the site should not have allowed him to leave.