SO Chorus will get dumped from the NZX15 Index; for what that is worth.
https://nzx.com/regulators/NZXO/announcements/248110
Best Wishes
Paper Tiger
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SO Chorus will get dumped from the NZX15 Index; for what that is worth.
https://nzx.com/regulators/NZXO/announcements/248110
Best Wishes
Paper Tiger
Yep... got in just over a week ago when divergences started to be noticeable....but....it was a dabble as I'm cash strapped...I would've accumulate more yesterday but I couldn't as I'm 100% in / cash 0% (a rare event for me)and wasn't willing to sell anything to free up some trading cash...a bugger they say...eh?
Four months ago I said Chorus was worth $1.61 a pop and for most of the intervening time the SP has actually been below this figure. (This is surprising as my valuations are usually from a little to a lot lower than the majority).
Anyway today Chorus has climbed above that figure and although I consider that if I did do another guesstimate it may come in a few cents higher I am not going to bother and will stick with $1.61.
So no more buying on fundamentals but the technicals are showing a little promise.
Best Wishes
Paper Tiger
Difficult one ... ft.com puts the annual target on between $1.50 and $2.85 - with a median of $1.90.
The wide span is likely to be caused by political uncertainties. If NZ has after the polls a National government able to do what they please, than 2.85 might be a fair reflection of its economical value. If NZ has after the polls a Labour / Green government eager to screw big business, than $1.50 still might be optimistic (on the other hand, they would be unlikely to get more than one term, i.e. might be worthwhile to do a NPV analysis).
If (most likely case) we have a National led government which needs to please a number of small parties (liberitarian and / or populistic), than all bets are off. I couldn't pick with any degree of certainty a fair value based on these assumptions, but am currently holding (i.e. expect CNU to keep going up or at least to hold their value).
Hey Paper Tiger,
Would you mind sharing your model/workings to get to that valuation for the benefit of all?
Cheers, NBT
You know the old saying NB You can please some of the people some of the time but not all of the people all of the time,now doesn't this ring true for this forum plus chuck in the dishonest and those with hidden agendas and you have quite a mix:cool:
Anyway, I went for three months (December, January, and February ) without once looking at the CNU share price. Avoided all newspapers and NZ news which is not that difficult because I get most of my news on the net. I also avoided this forum. If I had seen the share price when it went down to $1.29 in December, it would have ruined my Christmas break.
Sometimes it just pays to check out of the madness and concentrate on other things.
Not sure if anyone's posted this price target on here yet;
"Macquarie maintained its 12-month target price on the stock of $2.20 but also said Chorus had a high risk and was "not for the faint-hearted".
From the article;
http://www.nzherald.co.nz/opinion/ne...ectid=11219188