Share Investor Portfolio 2: Value @ 19 August 2011

The Share Investor 2 Portfolio is a separate portfolio apart from the original Share Investor Portfolio and contains just one share, Contact Energy Ltd [CEN.NZX]. It will only have this one share in it and has a far shorter time frame than the original long-term portfolio that I started 8 years ago.

The portfolio was started July 7 with 9000 shares purchased at $5.34 at a total cost of $48,060.00 and $144.18 in brokerage.

After the 35th day of trading the portfolio was up by $630.00 or 1.31% on the August 12 update to be worth a total of $45180.00.

The portfolio is down 5.99% or $2880.00 since tracking began on July 7 2011.

Share Investor 2 Portfolio as at 17:30:00, Friday 19 August, 2011 (NZT)

Stock	Quantity	Cost price	Total cost	Market price	Market value	Change	%
CEN	9,000	$5.340	$48,060.00	$5.020	$45,180.00	$2,880.00	5.99%

5.99%

	Total cost	Market value	Change
	$48,060.00	$45,180.00	$-2,880.00

Share Investor Portfolio 2

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c Share Investor 2011

Phil Goff: "Should I Stay or Should I go?"

In light of Phil Goff asking his parliamentary colleagues this week as to whether he should quit now or after his November election loss I dedicate this clash video to him.

c Darren Rickard 2011

Contact Energy look set to gain customers

Contact Energy Ltd [CEN.NZX]finally looks like things are going its way. There are record cold temperatures across the nation and record power use. More retail customers of theirs will be using power and as the country's largest generator of electricity the company will be selling their product into the market to its competition at peak prices.

Add to this the little known fact to the consumer -it is bizarre that the company is not making much of a song and dance about it - that their power prices are now the second cheapest in the country after they introduced a 22% discount on August 1 for customers who pay promptly. Last month their power prices were the most expensive.

This comes after 3 years of losing customers, approx 50,000 off their peak, just last month alone they lost 8000 customers. They have been uncompetitive, given poor service and have been embroiled in public gaffs.

All this of course has had a big impact on the Contact share price (see 1 year chart below) From $5.80 in January shares have plumbed the depths well below 5 bucks over the last 2 weeks of market turmoil to finish trading yesterday at $5.02c. This is a fall of just over 15% in 2011 alone and off a 3 year high of just over 9 bucks.


1 year CEN Chart

If the marketing department get off their backsides and actually tell people they are now one of the cheapest electricity suppliers rather than one of the dearest the market will see a good spike in operational results for the month of August and CEN will do a reversal of fortune in terms of its share price.

We can expect the competition to react to Contacts discounting after the August stats come out in early September, if not sooner so the consumer could well be the winner as electricity companies fight for customer numbers and reduce their margins in the process.


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c Share Investor 2011

Freightways Ltd: 2011 Full Year Profit Analysis

The Full Year 2011 Freightways Ltd [FRE.NZX] Profit out this morning is a case of steady as she goes, with a few points to elaborate on along the way.

The 2011 full year net profit of $29,899 million is up by 29% on the 2010 result.

Revenue was up by 7% to NZ $352,520 million, indicating a good overall improvement in the company.

A dividend of 7.25c is to be paid compared with last years 7c.

The company seems to have finally hit its straps after having a few static and down years with the core express package & business mail division returning double digit earnings growth in the second and fourth quarters and its information management systems businesses looking promising after years of capital investment for growth.

Freightways expects growth from current customers for the 2012 year from their courier division and a payback from its information management systems investment as they gain scale and reputation in that sector.

Overall, the full year 2011 result has been a good indicator of a transition from static growth to a promise of more in 2012, after a rather unpleasant 2010.

Freightway's management are cautiously optimistic about company prospects for the coming year and this outlook has changed from the zero revenue growth and lower profits of the last few years in terms of the forward outlook.

This must of course tempered by the fact that the economy as a whole is shaky and any slowdown of significance will be felt by companies like Freightways first.

2012 could well go either way for the company.

9 out of 10.

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c Share Investor 2011