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27.5¢ genex power limited

Ann: Despatch of Share Purchase Plan Booklet, page-19

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jezyh

619 Posts.

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16/07/19

11:43

Post #: 39539684
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Originally posted by silu73: ↑

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.

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Yep. IMO a sensible move short-term and (especially) long, after the NAIF approval.

Hearing Simon talk about growth plans/dividends only reinforced the above.

GNX Price at posting: 25.5¢ Sentiment: None Disclosure: Held
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