NORTHLAND PWR (Symbol-NPI.UN)

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Re: NORTHLAND PWR (Symbol-NPI.UN)

Post by 2 yen » 13 Jul 2016 05:53

Pure speculation here: I wonder if Northland is thinking that now is the time to leverage up the ANTICIPATION of the rise in earnings which is around the corner. This anticipation may be worth more than the actual earnings stream to come. I do think they have low interest rates on their side for the time being, but perhaps the reality is closer to Alta Red's comment above.

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Gold Ring
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Re: NORTHLAND PWR (Symbol-NPI.UN)

Post by 2 yen » 28 Sep 2016 13:37

https://ca.finance.yahoo.com/news/north ... 52092.html

Here we go again looking for a buyer. This release fleshes out the prior teaser a little bit.

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Descartes
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Re: NORTHLAND PWR (Symbol-NPI.UN)

Post by Descartes » 05 Dec 2016 11:30

A couple of fish on the hook but still a ways to go before its back to the $25 it was in July (..when I suggested holders should sell).

China Three Gorges, SDIC Among Bidders for Northland Power
First-round bids for the Toronto-based company, which had a market value of C$3.7 billion ($2.8 billion) at the close Friday, were due Dec. 2, said the people, who asked not to be identified because the matter is private. Some Canadian pension funds had a look at the company but balked at its valuation ahead of the bid deadline, the people said.

Northland Power rose 2.5 percent to C$22.20 at 9:39 a.m. Monday in Toronto, giving it a market value of C$3.8 billion.

Northland Power announced in July that it had commenced a review of strategic alternatives.
Interesting to note that "Canadian pension funds" said the valuation was too pricey.
For the Chinese government, though: "who cares?"
"A dividend is a dictate of management. A capital gain is a whim of the market."

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Gold Ring
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Re: NORTHLAND PWR (Symbol-NPI.UN)

Post by 2 yen » 05 Dec 2016 13:37

Descartes wrote:A couple of fish on the hook but still a ways to go before its back to the $25 it was in July (..when I suggested holders should sell).

China Three Gorges, SDIC Among Bidders for Northland Power
First-round bids for the Toronto-based company, which had a market value of C$3.7 billion ($2.8 billion) at the close Friday, were due Dec. 2, said the people, who asked not to be identified because the matter is private. Some Canadian pension funds had a look at the company but balked at its valuation ahead of the bid deadline, the people said.

Northland Power rose 2.5 percent to C$22.20 at 9:39 a.m. Monday in Toronto, giving it a market value of C$3.8 billion.

Northland Power announced in July that it had commenced a review of strategic alternatives.
Interesting to note that "Canadian pension funds" said the valuation was too pricey.
For the Chinese government, though: "who cares?"
I could probably live with a $25 take out price. That would allow cap gains taxes to be paid and the remainder reinvested in something else for approx. the same income.

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Descartes
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Re: NORTHLAND PWR (Symbol-NPI.UN)

Post by Descartes » 06 Jul 2017 12:20

Northland Power Scraps Sale Without Finding Buyer
Northland Power Inc., the C$4 billion ($3.1 billion) Canadian renewable energy producer, failed to find a buyer after running a sale process, according to people with knowledge of the matter.
I advised selling a year ago when it hit above $25 somewhere earlier in this thread. It never saw that again ..and still didn't increase their dividend despite pundits on BNN expecting it "any day now".
"A dividend is a dictate of management. A capital gain is a whim of the market."

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Re: NORTHLAND PWR (Symbol-NPI.UN)

Post by 2 yen » 06 Jul 2017 19:51

Descartes wrote:
06 Jul 2017 12:20
Northland Power Scraps Sale Without Finding Buyer
Northland Power Inc., the C$4 billion ($3.1 billion) Canadian renewable energy producer, failed to find a buyer after running a sale process, according to people with knowledge of the matter.
I advised selling a year ago when it hit above $25 somewhere earlier in this thread. It never saw that again ..and still didn't increase their dividend despite pundits on BNN expecting it "any day now".
Well, they can't increase the dividend until the cash flows improve, which will be very soon as the North Sea projects come into fruition. Patience will be rewarded with this one. Don't put too much on what BNN says.

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AltaRed
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Re: NORTHLAND PWR (Symbol-NPI.UN)

Post by AltaRed » 06 Jul 2017 20:54

Maybe. They have so many places to spend mega-capital over the next several years that I think they would be remiss in raising their dividend vs re-investment in the business. I'll speculate on them letting yield slide a bit if they can get stock price appreciation instead.
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Re: NORTHLAND PWR (Symbol-NPI.UN)

Post by 2 yen » 07 Jul 2017 06:47

AltaRed wrote:
06 Jul 2017 20:54
Maybe. They have so many places to spend mega-capital over the next several years that I think they would be remiss in raising their dividend vs re-investment in the business. I'll speculate on them letting yield slide a bit if they can get stock price appreciation instead.
My purely gut, non-scientific feeling is that they will both raise the dividend (a minuscule amount) and pay down debt / invest.

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Descartes
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Re: NORTHLAND PWR (Symbol-NPI.UN)

Post by Descartes » 07 Jul 2017 13:21

Hope is a dangerous thing in investing.

Instead of sticking with this "gut feeling" for a year you could have sunk it in Brookfield Renewable and gotten a 5% div increase and a 5% relative capital gain in the meantime (as an example).
"A dividend is a dictate of management. A capital gain is a whim of the market."

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Gold Ring
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Re: NORTHLAND PWR (Symbol-NPI.UN)

Post by 2 yen » 07 Jul 2017 16:30

Descartes wrote:
07 Jul 2017 13:21
Hope is a dangerous thing in investing.

Instead of sticking with this "gut feeling" for a year you could have sunk it in Brookfield Renewable and gotten a 5% div increase and a 5% relative capital gain in the meantime (as an example).
Well, hope has to be based at least in part on news and NPI has a lot of good news. Own Brookfield renewables and it has been good so far.

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JaydoubleU
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Re: NORTHLAND PWR (Symbol-NPI.UN)

Post by JaydoubleU » 08 Jul 2017 13:46

My pick in this space would be Algonquin, up 15% YTD even after the recent sell-off. No harm in owning a basket of these, however. I have some PEGI, and I might have bought INE years ago but missed that one.

I'm no expert, but I'd think an astute buyer would wait until NPI sells off some more, and then try to get it at a price far less than what they were probably asking (which was probably too much, and at the peak of the utilities sector boom). Snap it up when utilities sell off aggressively following some interest rate hikes (?)

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Re: NORTHLAND PWR (Symbol-NPI.UN)

Post by 2 yen » 10 Aug 2017 08:09

Finally NPI is making more money. Wisely, they didn't increase the dividend.

https://finance.yahoo.com/news/northlan ... 49669.html

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