Tuesday, February 19, 2013

Share Price Alert: Contact Energy Ltd 9

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























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 4  months of between $5.00 and $5.40 so has been marking a little time until the concrete news of their half year till December 31 2012.

Their half till Dec 31 2012 was pretty spectacular so it looks like recent weakness is due to murmuring about the impending listings of State power companies.

It was trading at $5.08 yesterday, so any movement north, which I think it will do strongly, will give quite a good start. Shame about those who got out yesterday. 

At $5.08 per share, good things come to those who wait.



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CEN @ Share Investor

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