Originally Posted by
xafalcon
Where do you get this "stuff" from? When I listened to Malcolm (annual result presentation and on Sharsies podcast), I herd something different. I herd him say that GNE suffers from a SP penalty due to ESG, but I never herd him say anything about 30% or any percentage at all. When did he quantify it at 30%?
I never herd him say that the new strategy would remove the ESG penalty. Where did he state this? I did hear him say it is expected to reduce the penalty over time
And I also herd him say that GNE SP is burdened with this penalty, even though coal and gas are necessary to keep the lights on. He went on to say that the burden must be shared, and NZ must understand that it is not possible to eliminate thermal generation with our current and future generation mix. This was to be discussed with government and other generators
14cps / 350c = 4% yield before tax. Assuming 80% imputation and 33% personal tax rate = 3.64% after tax. GNE has been providing 100% IC's with recent dividends, but I see this as a short term benefit rather than an ongoing situation
I think the new CEO has been quite grounded in his comments that I herd. But I look forward to hearing your reply about when statements you attribute to him were made