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Completely agree. It's better to save your money in bank, but everyone knows that the risk is higher.
" No Risk No Gain"
tmchai ( Date: 24-May-2011 11:18) Posted:
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complete agree.
Incinerate13 ( Date: 23-May-2011 21:41) Posted:
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This counter is for long term investor it currently up bcos paying dividends ard may 30th. But I never regret buying this counter, gaining 7% yield a year consider good.
what a shamed.....i missed the boat. Was tracking this counter and only seeing it up up and away.
SP AusNet announced that it has entered into a Commitment Deed Poll with the Victorian State Government that will see SP AusNet enter into a 27 year licence for the right to operate and maintain the 88km high voltage alternating current underground transmission line supplying electricity to the Victorian Desalination Plant in Wonthaggi. The transaction will see SP AusNet pay all of the 27 annual licence charges to the Victorian State Government upfront in a single licence payment of between $230 - $250 million dollars in the second half of 2012. In return, SP AusNet will receive from the desalination plant operator, AquaSure, an annual commercial revenue payment to operate the transmission line and maintain the electricity supply to the plant. The transaction remains subject to final Victorian State Ministerial approval, which is anticipated to be received before February 2012.
It seems to be the time to start accumulating....
Aussie dollar is too strong. Their economy and their stock exchange there is on bullish. Fund managers are tapping the market there.
how come price never go down after aussie disasters?
SP AusNet says bushfire cuts power to 3,800 Victoria customers
SP AusNet said about 3,800 customers in Australia’s eastern Victoria state are without electricity because of a bushfire. It remains unsafe to access the area around the fire in East Gippsland, Victoria, Joe Adamo, a spokesman for the company, said by phone today from Melbourne. The company aims to install temporary generators by 6 p.m. local time tonight, he said.
That is good. Could you share base on your expr / observation, what would be the best price to buy more to accumulate ?
Hulumas ( Date: 21-Dec-2010 14:30) Posted:
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Thanks... :-)
xingge ( Date: 21-Dec-2010 15:01) Posted:
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Why on earth is illiquid?
xingge ( Date: 21-Dec-2010 15:01) Posted:
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http://www.investopedia.com/terms/f/frankeddividend.asp
A bit of googling turned up the above. Hope it helps.
see2eye ( Date: 20-Dec-2010 15:34) Posted:
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I keep buying!
see2eye ( Date: 20-Dec-2010 15:34) Posted:
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Half Year Report
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_07D3B9003593DD80482577FF0023674A/$file/HalfYearReport.pdf?openelement
A good summary of the current status of SP AusNet...
Anyone knows the meaning of "fully Frankle Divident" vs "Divident" - people generally term ?
Starhub - dividends 20 cents
Price 2.79, yield is 7.168%.
Better than MIT.
andaanda ( Date: 29-Oct-2010 21:07) Posted:
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Cold weather boosts SP AustNet H1 earnings Cold weather boosts
SP AustNet H1 earnings SP AusNet Ltd has cited higher demand from cooler weather, better revenue from incentives, and other reasons for a sharp jump in first half earnings.
SP AusNet Ltd has cited higher energy demand due to cooler weather, better revenue from incentive payments, and other reasons for a sharp jump in first half earnings. The electricity and gas provider revealed net profit for the six months to September 30 was $166 million, up 22.6 per cent on the prior corresponding period. The company declared an interim dividend of four cents per share, 39.8 per cent franked.
SP AusNet said improvements in network reliability had generated higher revenues, as had greater demand due to colder weather. Additional revenues also were received from the Advanced Metering Infrastructure program, increased activity associated with Select Solutions and lower income tax expenses, it said. The company's income tax burden fell about $28 million due to adjustments, which will also boost full year earnings. Managing director Nino Ficca said he was pleased to deliver a strong half of revenue and earnings. "SP AusNet continues to remain in a strong financial position, underpinned by growing cash flows and sound financial management," he said.
SP AusNet said organic growth in regulated assets continued to be strong, with high demand from new housing developments and growth from within distribution network areas. "New wind farm and gas-fired generation connections on the transmission network also ensure growth in SP AusNet's asset base," the company said. But capital expenditure in fiscal 2011 would be about 16 per cent higher than in 2010, up from guidance of only a five per cent rise. The company said the revised figure was due to changes in the Advanced Metering Infrastructure program and the acquisition by Select Solutions of water metering business Schultz Plumbing. The company committed to working with the Victorian government on bushfire safety. But SP AusNet said it was not possible yet to estimate costs of implementing recommendations of the Royal Commission into the Black Saturday fires in Victoria. The fires on February 9 last year resulted in the deaths of 173 people. SP AusNet remains a defendant in litig
yeah, made a blunder when purchasing MIT cos didn't think of the yield.
In the end bought 30 MIT @ 1.18 
would definitely shift my $$ from MIT to SP Ausnet in future if possible!
How 'bt Starhub? Yield's high too.
Quantico ( Date: 29-Oct-2010 12:24) Posted:
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Approximately 90% of SP AusNet’s total revenue is now locked in until the end of 2012
SP AusNet: Victorian Electricity Distribution Price Determination (2011-15).
29 Oct 2010 11:46
SP AusNet welcomes the Australian Energy Regulator's Final
Decision regarding the Victorian electricity distribution network price
determination for 2011 to 2015. The AER's Final Decision approves higher levels
of capital and operating expenditure for SP AusNet, compared with those
anticipated under the draft decision issued by the AER in June 2010. The higher
expenditure allowances are required to support replacement of ageing assets, to
meet higher customer peak demand and to comply with new safety related
obligations that have been imposed on the business since the draft
decision...
SP Ausnet - yield (8.88% @ 1.17) better than MIT's FY 2011 yield (6.95% @ 1.07)
SP Ausnet probably better chance to hit 1.40 than MIT.
Both are yield play.