Shareholders are we accountable to them - We still get paid......
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Shareholders are we accountable to them - We still get paid......
dont know if many have noticed, but the depth is looking really good for nzo atm.
same with prc.
both them have more buyers than sellers and seemingly putting upward pressure.
first time i've noticed the depth like this..comments?
i also looked at a few charts, and some 'indicators' are close to being hit for nzo. watch closely for next couple of weeks..
How do you get the depth? My broking firm website doesn have depth. :confused:
i use asbsecurities, but it appears you have to be a client to use their service.
same with direct broking, nationalbank etc. i tried a few others, google.finance, yahoo.finance, but no cigar either.
someone here might have a free sourced one, otherwise you may have to sign up to asb or direct broking.
wrt this, i've been doing a litte research and come across wikipedia, they always give a good write up. here goes an extract from http://en.wikipedia.org/wiki/Carbon_tax
"Natural gas
Emissions total 120.6 pounds of CO2 per thousand cubic feet, i.e., 60.3 tons per million cubic feet, so a tax of $100 per ton of CO2 translates to a tax of $6.03 per thousand cubic feet of natural gas[6]. At a price of between $4 and $10 per thousand cubic feet, a tax of $100 per ton of CO2 would raise natural gas prices by 60-150%.
For the purpose of looking at electricity generation: emissions total 117.08 pounds of CO2 per million BTUs[7], so a tax of $100 per ton of CO2 translates to a tax of $5.854 per million BTUs."
these figures though, are with pricing at 100 per ton (much higher than current, i've heard $30 a ton to be accurate) so these figures would be much less...not as bad as it seems.
The price of electricity is really determined by the costs of the next marginal generator. If there is a hydro/wind/geothermal surplus then this determines the spot price and thermal stations will shut down. When the demand is such that gas fired thermal capacity is being used, the price will rise for all electricity and the renewables make a big windfall profit. The consumer pays not simply a carbon tax on the price of gas, but on hydro as well.
This may be good for encouraging wind farms and discouraging electricity usage, but the big beneficiaries will be the guys with hydro capacity. Because geothermal likes to run on steady load, it is not a preferred option for backing wind power. Hydro does the job superbly, so the people with hydro storage will also pick up a premium for backing independent wind farms.
Having a hydro dam thus becomes a license to print money. They probably won't be building any more big ones because of the environmental difficulties. Buy one today.
Mx
I am not able to attend the next AGM.
Would anyone attendending please ask the question:
How realistic is it to expect the NZOOD options being in the money come June 2008?
And
If the share price is not around $ 1.50 or higher at that time, is there a plan to postpone the exercise date?
Thanks
OO
Old Owl, I suspect you are not a wise old owl, if that question could be wisely answered we would all be very well off come June next year, the head shares today selling for $1.00 would need to be worth $1.50 plus in which case it would be wise to sell the family jewels today and buy a truckload, 50% appreciation in 9 months is good profit.
The only possibility is an extension of exercise date (if allowed) other than that its a case of just taking our chances.