Thursday, September 20, 2012

Share Price Alert: Contact Energy Ltd 7


http://chart.bigcharts.com/custom/fairfax-com-nz/chart.asp?rnd=0.31297670214357143&style=2242&symb=CEN&size=1&type=64&time=1yr&freq=1dy&comp=&compidx=&ma=&maval=&lf=268435456&lf2=&lf3=&uf=16384&arrowdates=&arrowlegend=&country=NZ&sid=162856























With Contact Energy Ltd [CEN.NZX] putting on 50c over the previous 2 weeks we may have turn a corner with buying far outselling. Most of the rise has been over the week.

Buyers have seen the power of this monopoly come to the fore with its near 25% of the market understood.

What they may not have seen was tucked away in the current Annual Report is the net asset value $4.24.

This values the assets in the company at $4.24 and the goodwill and the like at just over a dollar. You would just have to question that last one because no matter how many employees a company has there has got to be more than a buck for the rest of the business.

There maybe other reasons why the share is finally moving - takeover talk included - but I will put it down to the low price put on management, their new boss has given people at Contact a boost.

That will do until a bid is made for them, it will.



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Contact Energy @ Share Investor

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2 comments:

  1. The share price hike coincides roughly with the announcement that the SOE energy company IPOs are being delayed until next year.

    So if you want exposure to energy generation and retail, CEN is it for now.

    Also - no shares plus scheme to placate angry iwi, so your shares don't have any perceived drawbacks.

    ReplyDelete
  2. Hi Anon, the reason you give about state assets being sold is a good one but sadly lacks truth. Any perceived weakness will certainly be punished by the markets but the truth will be the same, it will earn more regardless. On your other point that remains to be seen.

    ReplyDelete

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