Looks like it's on the move, Contact and Meridian just had a rip up and back down again, NZ's version of Game Stop : ) Bit more of a gradual move up i'd say, but all power companies make tons of money every year, YoY. Can't figure out why they aren't valued higher on the market if earnings is supposed to the big deal. Funny old Market.
See below for various details.
Quick Summary Board Market Screener: No Data Investing.com: Buy EMA - Trade: Buy Mv Ave -Trade: Buy Macd - Trade: Sell Volume > Yest: Buy Rsi > 55 < 88: Buy Intrinsic Val Ann: Buy Intrinsic Val TTM: Buy Criteria %: 65% Total Score: 7 Out of 9 Buy
Next Event: Nothing came up Date: Nothing came up Days Away: Nothing came up
Income last 5 years (ttm) $90,150,000.00 2020: $95,070,000.00 2019: $90,650,000.00 2018: $128,130,000.00 2017: $92,550,000.00 2016: $67,800,000.00
Revenue Growth Rate (5Y): 1.48% Net Profit Margin (ttm) 9.86%
Rsi : 68 (Caution at 80%): Volatility Index (Vix) -10.37% Market - Bullish
Thursday, 28 January 2021 Trustpower Limited (Trustpower), in which Infratil is a 51% shareholder, this morning announced a strategic review of its retail business. Infratil advises that it is supportive of Trustpower undertaking the strategic review
Description Trustpower Limited engages in the development, ownership, and operation of electricity generation facilities in New Zealand. It operates through Generation and Retail segments. The company is also involved in the retail sale of electricity and gas; and provision of telecommunications services, which include wireless broadband and mobile services to homes and businesses. As of November 5, 2020, it operated approximately 263,000 electricity customer connections, 42,000 gas customer connections, and 106,500 telecommunications customer connections, as well as owned 25 hydropower schemes with a total installed capacity of 495 megawatts. The company was founded in 1915 and is based in Tauranga, New Zealand. Trustpower Limited is a subsidiary of Infratil Limited.
Hope this was helpful and helps make you money : )
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