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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c Share Investor 2012