Yes Traderx I think many high yielding shares are getting a boost from interest rates which are now at a 50 year low.
Printable View
Yes Traderx I think many high yielding shares are getting a boost from interest rates which are now at a 50 year low.
Any idea when genesis are releasing the Kupe update? Last I heard was "sometime before year end". Has a more precise release date been set?
If that is the case then definite insider trading. Does the Com com ever look into this type of thing?
Think we are taking the Mick there Jantar - but who knows!
I was just looking for the underlying driver for the SP rally over the past few days to help me determine an exit point. But it seems it was a common theme with several of the generators having a strong day yesterday.
http://www.interest.co.nz/bonds/7879...es-2-next-year
Interest rates at 50 year lows are driving yield starved investors out of fixed interest and into high divvy yielding shares. GNE, other gentailiers, HNZ and several others have been major beneficiaries of this in the last week or two IMO. I expect this to be a major trend in 2016. High divvy yielding shares will find widespread support going forward as many retired investors simply have to get a decent return on their money to enjoy a decent retirement.
I've always said this stock should be $2+, good to see it hit $2 on a day that was weak for the market as a whole.
I notice that NZOG released a more comprehensive statement on the Kupe field upgrade on 27th October, than Genesis did on 28th October. I don't know why Genesis Energy, another part owner in the field did not release this information in the same detail.
The NZOG news release is here if that helps.
https://www.nzx.com/files/attachments/223531.pdf
SNOOPY