If you don't mind me asking - is everyone taking up the SPP? Originally I thought I couldn't due to cashflow but I've decided to use other investments to go even more "all in" on Genex. My main points for increasing my holding are
- NAIF funding - J-Power involvement - A better understanding of the Australian energy market i.e. needing more pumped hydro and distributed storage - Current SP of 26c seems to point towards existing shareholders NOT exiting investment to take up cheaper offer - For the first time a confirmed date by management that financial close for KH1 to happen by 30/9
So I can see a serious re-rate on the cards after financial close for KH1. However, I still view Genex as a long and ultimate dividend paying investment.
GNX Price at posting:
26.0¢ Sentiment: Buy Disclosure: Held