yield in there presentation 8.6% not to shabby compared to 3% in the bank
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Good stuff and with interest rates possibly heading down, this will look even better in a few months.
Yes it is safe yield too as people buy power in good times and bad. I am betting that GNE's oil and gas reserves have a life a lot longer than what is currently officially on the record and that they can maintain this dividend level, (increased to account for inflation each year) for at least the next 15 years. I'm also betting that the generation market will remain very tight for the foreseeable future and GNE will get a lot of value out of their remaining rankine units.
looks like breaking out on the hrlies to the upside
holding the breakout and the gap between gne and mcy and mel is getting wider , must be a big catchup coming surely
reading greens might want to change there policy around 100% renewable by 2050 , does this mean huntly will stay open now?
got your answer , yesterday they say it may close in 5yrs MAY may MAY. MAY BEING THE KEY WORD MEANING THEY WILL KEEEP there options open. with demand rising and no new generation on the horizon except some wind i believe may will be alot longer than 5yrs .
http://www.sharechat.co.nz/article/6...ive-years.html