Cheers RX, much appreciated!
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Cheers RX, much appreciated!
Just checked it out RZ, 2015 is the year where the cuts kick in by the looks of things and cause most of the trouble. If the UBA pricing change dosnt go ahead, it will be a big ups by the looks of things. The 20mil UCLL dosnt seem to cause to many headaches.
Hi guys
Thanks for the support
I noticed if I factored in worst case scenario then SP is worth around $2.27 based on P/E x EPS. But if we cut the UBA to half of worst then SP is $5.64. Now I personally think that is too high, and probably by 2015 which I'm trying to project to there is likely to be more than 400m shares on issue, and P/E might not be as high as 13.15 so a few subjective factors there.
I think the main thing I can get from this, is that at even half of the worst case impact the SP is worth a lot more than currently. In fact I just wacked in taking 150m off income and SP came out at $3.53 so looks like CNU is still going to be a good buy at anything less than worst case scenario.
Certainly the 20m doesn't impact greatly by itself.
Looks like this is gaining some ground and traction...I just bought in so hopeful and like the projected divs anyway. Adding to my freebies from the original unbundling.
Hi folks,
Brand new to the stockmarket (Mighty River Power), and am seriously considering taking up 2000 CNU shares. Was wanting to snap them up at $2.69 but am waiting on ASB securities to accept my application before I can purchase anything. Is there another cheap and immediate route I can take to purchase shares right away rather than waiting on ASB securities. Also, as I have no experience in the stockmarket, I'm going on a hunch that this is a good buy and a good time to buy. Please feel free to share any opinions.
Could there be any advantage in purchasing CNU shares on the ASX? Would dividends still work in the same way?
Thanks guys. I'm basically crossing my fingers in hope that the share price doesn't continue to rise before I can either purchase through ASB or direct broking (applied for directbroking.co.nz on Monday but it seems I need to wait for the application pack to arrive.
Any thoughts on what this latest development will mean for the immediate share price? http://www.nzherald.co.nz/technology...ectid=10883771
Rather than waiting for the conference / final determination, I would rather buy right now as I am unsure if there will be any dips as low as it currently is. Is this foolish or would others think it is the way to go?
Read your post from last month Sparky - well put, I think they are a sleeper and could easly sneak back over $3.00 in short oder.
[QUOTE=chad321;406920
Welcome Chad..
" I'm going on a hunch that this is a good buy and a good time to buy. " ..
Chad.. I think if all here would be honest ( and in my opinion they are ).. We all started on a " HUNCH "..
Forget the HUNCH.. DYOR.. :-)0
You may well be right.. But I could not possibly say that .. :-)0
All really good points STC. I have personally been accumulating CNU ever since it dipped below $3 and will continue to do so as long it stays there.
Apart from the above points you have raised due to my occupation I have had a lot of dealings with Chorus. From what I understand from those involved this is a great long term hold. High yield currently and post 2020 when the fibre is laid Chorus will have little to no expenses but bringing in high revenue from usage. Their staffing levels are very low with most of their workers contractors completing the work on the lay out of the fibre and from the horses mouth the upkeep and maintenance of fibre is much less than the messy copper lines.
Tend to disagree there Heff. Chorus has over 700 permanent staff with loads more on fixed term placements so by no means a small staff overhead.
Sparky: One is that it is more expensive than Chorus initially forecast to deliver fibre to the premises. Building the network through footpaths was the easy part. Getting fibre down long driveways and into apartment buildings has been far more problematic and expensive. So Chorus get to push this out.
Lets put this in perspective, they really got it wrong with cost estimation for delivery and their boots were a little bit too big. We should see it dip below $2.50 at the end of this month and start falling even further in June as TEL start looking to other providers to save money.
JMV