Tuesday, August 15, 2017

Share Price Alert: Contact Energy 11



If you ignored a buy in Nov last year and then again in Feb 2017 here I am telling you that Contact Energy Ltd [CEN.NZX] is a buy on today's market.

Why?

Because of certainty.

Certainty of dividends being returned to you. The shareholder.

Next year we are likely to see a whopping 23% increase in div's and further increases as the years drag on.

Why?

Contact Energy is no longer building extra capacity (they are likely too in the future but that looks to be five years off - at least).

So the capital that was going to infrastructure can now go to the (some would say long suffering - depending on where you bought your CEN shares and for how much - shareholder).

Its our turn now.

Buy CEN on weakness (there bound to be some) up to $6 or where you feel comfortable.

At current prices it is paying almost 6% PA.

Good luck.



CEN @ Share Investor


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Follow the Monopoly Board

Discuss this stock at Share Investor Forum - Register free
Download CEN Company Reports






The Warren Buffett Way
The Warren Buffett Way by Robert G. Hagstrom
Buy new: $19.54 / Used from: $12.94
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Share Investor 2017

Tuesday, July 25, 2017

Share Investor Bows out of the WHS

Image result for the warehouse nz in comics

Well they are taking their bloody time about it. But finally The Warehouse Group Ltd [WHS.NZX] are selling their financial services unit.

They shouldn't have bought it in the first place.

Seeing they are doing this and it is going to take "4-5 weeks" the rest of what they need to do to stop their ship from sinking will probably take 2 -3 years. They simply don't have this luxury of time.

But they cant see this.

As a result I ditched my meagre holding of 100 shares for $2.28.

It was only meant as a means to cause trouble but I don't wanna do that anymore.

So I'm gone.

The Warehouse will be history as well, Foodstuffs have written down their shareholding to zero. I suspect the other major shareholders have as well.

You too?


The Warehouse Group @ Share Investor

Some Tips for the Warehouse for a "Recovery"

The Warehouse: Is it Time to Bow Out?
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The Warehouse sale could hinge on "Extra" decision
The case for The Warehouse without a buyer
Foodstuffs take their foot off the gas
Woolworths seek leave to appeal to Supreme Court
Warehouse appeal decision imminent
Warehouse decision a loser for all
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WHS Court of Appeal case could be dismissed next week
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Discuss WHS @ Share Investor Forum - Register free 
Download WHS company reports

Security Analysis: Sixth Edition, Foreword by Warren Buffett (Security Analysis Prior Editions)Security Analysis: Sixth Edition, Foreword by Warren Buffett (Security Analysis Prior Editions) by Benjamin Graham
Buy new: $41.77 / Used from: $32.40
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Share Investor 2017



Monday, June 19, 2017

Sky City Entertainment Group Ltd: The Americas Cup

Image result for sky city and america's cup

Sky City Entertainment Group Ltd [SKC.NZX]group is set to become a net benefactor of the extra spending the 2021 Americas Cup would bring if it came to Auckland. Back in 2003 when we last unsuccessfully defended the Americas Cup the benefits were about $400 million 1 2 3 in 2000's dollars.

I don't have to tell you dear readers that come Monday 26th should we wake up smell the coffee turn on the internet and find out we are the holders of the old Mug, it will be a call to our respective Hotels to book them out for a trip to New Zealand to wrestle it from our clammy hands as soon as possible.

Come on, Auckland really is the true home of the Americas Cup and that is where it will be held - whatever anyone else tells you.

In the 2 defenses we have held in Auckland Sky City has benefited directly and indirectly from the cup.

In 2000 and then again in 2003 Sky City benefited by having teams "living" in their hotel suites and gambling in their den/s of inequity.

The benefit once again of having the extra tourists here spending up large on the same things I mentioned above do not have to be spelled out.

Sky City is in the box seat with its convention centre coming online in 2019 it could the boost that is needed because we know it doesn't make money. 

With all the associated infrastructure needed it looks good for the building company's too - no not Fletcher Building dear readers they have a  negative $100 m hole in the ground right outside the TVNZ studios.   

Shares last traded at $4.41 as of today's date - you have to buy now on weakness before the 26 of June 2017.  

2021 Auckland Americas Cup?

Bring it on.





Sky City Entertainment Group @ Share Investor

Share Investor's 2016 Stock Picks
Sky City gets the 2nd deal
Sky City Expansion: Adelaide Spreads on the Riverbank
Sky City to pay for National Convention Centre
Share Investor discusses Convention Centre proposal with CEO Nigel Morrison
Sky City Convention Centre Expansion a Money Loser: Part Two
Sky City Convention Centre Expansion a Money loser
SKC Convention Centre power-point slide illustrations & SKC submission to Auckland City Council
Sky City Gaming: Morningstars look at Sky City's gaming
Share Investor's Total Returns: Sky City Entertainment Group Ltd
Sky City Entertainment Group Ltd: Presentation to Macquarie Group
Morningstar Revalues Sky City Entertainment Group
Guest Post - Michele Hewitson Interview: Nigel Morrison
Failed Sky City bid for Christchurch Casino good news for Shareholders
Sky City Entertainment Group Ltd: Christchurch Casino bid falls short of Investment Criteria
Sky City Entertainment Group Ltd: Never mind the width feel the volume
Sky City Annual Meeting & 2011 - 2012 Profit Forecast
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Sky City set to lose National Convention Centre bid
Sky City Entertainment Group: Australian Acquisition on the Cards?
Sky City Entertainment Group Ltd: 2010 Full Year Profit Analysis
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Share Investor discusses Convention Centre proposal with CEO Nigel Morrison
Share Investor Q & A: Sky City CEO, Nigel Morrison
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Sky City Convention Centre Expansion a Money Loser: Part Two
Sky City Convention Centre Expansion a Money loser
Sky City Entertainment Group Ltd: Download full Company analysis
Sky City 2010 full year profit looking good
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Sky City Entertainment: CEO Nigel Morrison discusses 2010 Half Year
Sky City Entertainment Group 2010 Interim Profit Review
Sky City to focus on Gaming
Sky City debts levels now more manageable
Insider Trading on Sky City shares
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Sky City's Current Cinema "Boom" a Horror Story in Disguise
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Sky City Entertainment 2009 Interim Result Preamble
2008 Sky City profit analysis
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Sky City Entertainment 2008 Full Year profit results , NZX release, 2008 full year presentation, result briefing webcast, financial statements
Sky City 2008 profit preamble
Sky City outlines a clear future plan
As recession bites Sky City bites back
Sky City Assets: Buy, sell and hold
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NZX Press release: Sky City profit to HY end Dec 2007
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Setting the record straight
Sky City CEO resigns
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Sky City Casino 2007 HY Profit(analysis)
Sky City Casino 2007 HY Profit

Discuss SKC @ Share Investor Forum
Download SKC Company Reports




Toughen Up: What I've Learned About Surviving Tough Times

Toughen Up: What I've Learned About Surviving Tough Times by Michael Hill







Share Investor 2017

Tuesday, May 9, 2017

Xero: I've Changed my View

XRO 30 day price history

Xero 2017 Earnings

Well that's it. I finally have come around and now I'm starting to like Xero Ltd [XRO.NZX].

I previously hated it as an investment. Loved it as a company always have because its founder is from Hawkes Bay and I originate from the same parts.

Rod Drury really is a man with a PASSION. 

It looks like to me that this passion is continuing to rub off on people.

My brother Tony Rickard owns a business down there, East Coast Powder Coaters and just recently has switched on over to Xero.

Hes a particular luddite and for him to move on over to Xero from what he previously used is no mean feat. I wonder if it's his wife Helen who's responsible for this.

Whether they make a profit or not is part of the mystery. I don't know. Don't think Rod knows either. That was forecast 5 years ago.

I just think if he can get my brother Tony using their software, he can get anyone - given time. That includes the rest of the world. If you have met him and I have on several occasions you just have to ask him about Xero and that's it, you have a one way conversation. He's passionate and I think because i havent even seen the software, there's a bloody good reason for this. It's good.

Anyway Tony's made the move.

I think it's because of the simplicity of the actual product. Its simple. Simple as that.

My bro believes in things that are simple and cheap - otherwise out the door it goes.

In the ten years I've been writing this blog, I've written about Xero around 10 times and interviewed Rod himself 7 years ago.

I get the impression that Rod doesn't particularly like self - aggrandisement  he just likes to get down and do it but I think you're on to a winner here and it's just going to take the rest of the world some time to click onto the fact that Xero is a product they should try, try it - you'll love Xero. 

Rod Drury: Earnings out tomorrow. He emailed me at 8.50am, the 10 May 2017.

Xero 2017 Earnings



Xero Ltd @ Share Investor 

Share Price Alert: Xero Ltd 4
Share Price Alert: Xero Ltd 3
Xero: To those I haven't warned before
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Rod Drury on Xero and Growing Business
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Love Xero? 
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Discuss Xero @ Share Investor Forum
Download Xero Company Report
Listen to Rod Drury Interview


Recommended Amazon Reading
Xero For Dummies (For Dummies (Business & Personal Finance))Xero For Dummies (For Dummies (Business & Personal Finance)) by Heather Smith
Buy new: $26.68 / Used from: $12.37
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Share Investor 2017

Thursday, May 4, 2017

Ready Fire Aim

Ready Fire Aim: The Mainfreight Story

I started reading this book soon after it came out about 4 years ago.

I started reading it again, and I forgot dear reader that I didn't refer to it here on this blog at the time.

So now I'm going to.

It's really a book that you should file away with Security Analysis and The Intelligent Investor - because you can go back to them time and time again.

It is called Ready Fire Aim: The Mainfreight Story by Keith Davies.

Its an easy read and methinks the Author may have been wrapped up in the whole Mainfreight ethos but I don't care. It's true and wise to the point of an instruction manual on how a business, any business, should be run.

It starts out at the beginning of the company and moves along briskly to give a warts and all account of how Bruce Plested, the founder of Mainfreight did it. This is the story of a company built on the belief that with passion anything is possible. 

Mainfreight was founded in 1977 by the visionary Bruce Plested, who set out to make the company a family, a team, where everyone has a share in the riches and where the word 'management' is banned. 

Bruce and his mate Don Braid have foul mouths. Fuck you is littered through the book and used by Braid and Plested when they don't like what is going on and to various figures throughout the book and over the years to some people who are still friends and business partners and to others who are not. It is not used like "the" it's used to make a point - to the reader. 

The Mainfreight instruction manual is short and to the point. Feel the fear but do it anyway. This is a world where budgets are deemed 'bullshit'. Why spend time preparing figures that are invariably out of date before the ink is dry? Just make more than last year! That is so simple but true. You've got to keep on striving to make things better every day

Initially there would be catastrophic ventures in Australia and America and finally a jaw-dropping moment in Europe with Wim Bosman when Don Braid and his team made their biggest purchase ever only to see most of the turnover and half the profit walk out the door. But they subsequently succeeded - as the have with just about every other purchase and used that success company wide.

This book take one on a journey from small transport company at the bottom of the world to truly successful global logistics company.

You really should give this a re-read and if you havent read it yet go out and buy a copy.



Mainfreight @ Share Investor

Read the MFT 2011 FY Presentation

Is Mainfreight Worth 30 Bucks a Share?
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Mainfreight's European Acquisition a Good Move
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Investing in the Stockmarket: Timing your Purchase
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Mainfreight Ltd: 2011 1st quarter Profit Analysis
VIDEO: Don Braid with Paul Homes on the Economy
Mainfreight Ltd: Full Year 2010 Profit Analysis
Long Term View: Mainfreight Ltd
Share Investor Interview: Mainfreight's MD Don Braid
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I'm Buying: Mainfreight Management delivers the goods
Mainfreight Annual Report Packs a Punch
Analysis - Mainfreight Ltd: FY Profit to 31/03/09
Mainfreight VS KiwiRail: The Sequel
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KiwiRail will cost Mainfreight
Mainfreight keeps on truckin
A rare breed
Share Investor's 2008 stock picks

Discuss MFT @ Share Investor Forum
Download Mainfreight Company Reports

Ready Fire Aim: The Mainfreight Story
Ready Fire Aim: The Mainfreight Story by Keith Davies







Share Investor 2017