When the facts change – the end of the golden weather for gentailers

Investors reacted badly to Contact's latest news. (Image: Contact)

Tue, 16 Jul 2024

Market events in recent times indicate that investors may be starting to realise the golden run for major generator/retailers as cash cows with ever-increasing dividends may be coming to an end.Whether investors have yet accurately weighed up the pressures gentailers are facing is another matter.There seemed to be a general view that, with the long-term future of the country’s largest electricity user – the Tiwai Point aluminium smelter – settled, the gentailers would not only continue to be dividend machines but would increas...

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