GNE - Genesis Energy

[lorraina]

A pity "the market" has GNE wrong.!!!.....lol.

[winner (n)]

Hey Basil .....did you see Metcury full-year  dividend guidance is unchanged at 24c per share. This is expected to be the 17th consecutive year of ordinary dividend growth.

Jeez 17 years of dividend growth ...puts GNE to shame eh.biggest

[lorraina]

MCY's yield needs to improve a lot.
Still only 60.5% of GNE's.
GNE's puts MCY's to shame....................[And all the other power companies].....lol.

ps.Been that way for years too.

From ASB site.just now.
Company..........PE.........Yield Net %
CEN...................31.08.........4.43%
GNE....................14.58.........6.38%
MCY...................28.94........3..86%
MEL....................34.54.........3.66%.

[winner (n)]

MCY's yield needs to improve a lot.
Still only 60.5% of GNE's.
GNE's puts MCY's to shame....................[And all the other power companies].....lol.

ps.Been that way for years too.

From ASB site.just now.
Company..........PE.........Yield Net %
CEN...................31.08.........4.43%
GNE....................14.58.........6.38%
MCY...................28.94........3..86%
MEL....................34.54.........3.66%.

The ESG discount the GNE people talk about (lament) is obvious eh lorriana

They want to see similar yields from a higher share price.

[lorraina]

Current share price the best yield.
Lot higher share price the better my share portfolio looks.
It is known as a win win situation....Heads I win,Tails I win................lol

[winner (n)]

Percy ... inflation is beaten I'm told but power company tells me power bill going up by $10 a week

Will need to buy about 1,700 GNE shares just to cover the increase power bill.

[lorraina]

In the past year we spent $1,579.49 on power.
At today's closing price of $2.22 and 14 cps dividend we need 11,282  GNE shares to cover our bill.
With the slightly increased divie, I doubt we will need many more shares to cover our cost of power.
Now I have not accounted for the Govt's winter help for us aged,as it is being misappropriated by going straight into the deep dark hole, which is the wife's bank a/c....lol

[lorraina]

Went out to Lauriston this morning to have a look at GNE's Solar Farm.
Pretty impressive.Lovely sunny day too.
What I did notice is the huge number of irrigation irrigators close by.And they use a lot of power.
Most probably fair to say the site is "well positioned".

[Basil]

Percy ... inflation is beaten I'm told but power company tells me power bill going up by $10 a week

Will need to buy about 1,700 GNE shares just to cover the increase power bill.

Tech correction has me searching long and hard for alternatives. 
I suppose holding a net hedge position, (holding enough so the annual expected dividends cover your annual expected power bills), makes a lot of common sense for retired investors?  9% gross yield at $2.20 + 7.13 cps back in a few weeks.  Not too bad I suppose as much as I dislike their endless ESG grandstanding... I guess sometimes you have to swallow a dead rat if an investment makes a fair bit of common sense even if you're not overly attracted to the company...  I suppose as you are right on the cusp of retirement it's only natural to start hedging some of your expected costs.

[lorraina]

And the bonus is if you buy before the 19th you receive the divie on 10th April....
GNE   19 Mar 25, NZDT   Interim   7.130c   1.258c   2.773c   10 Apr 25, NZST   NZD.
 

[lorraina]

And the bonus is if you buy before the 19th you receive the fully imputed divie on 10th April....
GNE   19 Mar 25, NZDT   Interim   7.130c   1.258c   2.773c   10 Apr 25, NZST   NZD.
In fact you will receive 3 dividends in the next 13 months.

 

[Basil]

And the bonus is if you buy before the 19th you receive the divie on 10th April....
GNE   19 Mar 25, NZDT   Interim   7.130c   1.258c   2.773c   10 Apr 25, NZST   NZD.

No more power bills for me, ever again.

[lorraina]

OK Power covered with GNE.
Insurance.Covered with TWR.
Now onto your motoring.
Have you enough TRA shares for their divie to cover the cost of selling your car and upgrading to a new car every year or two.?
lol.

[BlackPeter]

OK Power covered with GNE.
Insurance.Covered with TWR.
Now onto your motoring.
Have you enough TRA shares for their divie to cover the cost of selling your car and upgrading to a new car every year or two.?
lol.

OK - so, which stock do I need to buy to cover our rates? They are currently going up like a rocket ...

[lorraina]

Well that's an easy one.
You want to cover rates on your PROPERTY,therefore you need income from a PROPERTY company.
KPG covers retail,build to rent and property development.
Gross yield 8.6 %....Net yield 6.08 %.

The one that is causing me a problem is how to cover Basil's boating expenses.?
SAN with a net yield of 2.07% may only cover one days boating.
Do not think the pension would cover it either.