Thursday, February 1, 2018

Share Price Alert: Contact Energy 12


I would add on 10c to my estimate of what I think Contact Energy Ltd [CEN.NZX]is worth right now. That gives a figure of $6.50. Lower than the November yield of just over 6% pa but considered a bit of a steal when you add in the dry, dry weather we have been having lately (great for Contact) and considering that you would also have to factor in on top of this a 23% rise in Div payment this calendar year. Then you have set yourself up for similar payments in subsequent years.

At current prices of $5.51 you get the share relatively cheap and you get the income of over 6%.

You might want to plunck down a buy order today because come reporting this Feb 12. I think you will see quite a surprise to the upside with a promise by management that we will see increasing profits.



CEN @ Share Investor

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