Contact Energy Ltd [CEN.NZX] has come off all-time lows of $4.60 as was trading in April of 2012 to trade in the last 3 months of between $5.00 and $5.40 so has been marking a little time until the concrete news of their half year till Dec 2012.
The shares are trading at a NAV value of $4.24 and at a 6.38% (as per NZX listed figs) rate. So CEN shares are probably trading at a discount at present and are waiting for that valuable 1st half trading to give the share price some direction.
You would do well to get some at the trading range of $5.10 - $5.15.
I would if I had some extra cash.
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