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AEP a 20% shareholder of PHY and the largest power generation company in the US, scotched the rumors floating around last year. They announced their ongoing certainty of staying with PHY, and appointed a member to the board.


The pause from the recent rise is due to Vestas dithering around on the blade plant in Portland. NEG Micon had a deal with PHY on local manufacture, it would appear the problem will be solved soon. Few permit restrictions remain at Portland, the project should begin soon. Of greater significance is the progress in Chile, outstanding growth potential exists here and the recent partnership with SN Power of Norway paints the picture. SN are a major European utility with more than 12000 mw of generating capacity

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This is one to watch .... chart shows it is ready to break in a definitive direction..if it fails the $3.00 resistance test this week, it may trade in a long term downward channel for a while....if it overcomes resistance, then long term (6month) target is around $3.65....

Please do your own reserach and take professional advice... use tight stops if you are trading short term... good luck

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  • 2 months later...

currently at $3.04. lets hope it holds above $3.. earnings pretty good.. announcement made yesterday.



AustraliaÃÆâ€â„¢ÃƒÆ’ƒâ€Â ÃƒÆ’¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒ¢Ã¢â‚¬Å¾Ã‚¢ÃƒÆ’ƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¢ÃƒÆ’Æâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã‚¡ÃƒÆ’‚¬Ãƒâ€Â¦ÃƒÆ’‚¡ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¬ÃƒÆ’Æâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã‚¡ÃƒÆ’‚¬Ãƒâ€Â¦ÃƒÆ’‚¾ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¢s leading renewable energy company, Pacific Hydro Limited (ASX: PHY), announced today a record net

profit after tax (NPAT) of $40.7 million for the full-year ended 30 June 2004. This result represents an increase of

39% over the previous yearÃÆâ€â„¢ÃƒÆ’ƒâ€Â ÃƒÆ’¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒ¢Ã¢â‚¬Å¾Ã‚¢ÃƒÆ’ƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¢ÃƒÆ’Æâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã‚¡ÃƒÆ’‚¬Ãƒâ€Â¦ÃƒÆ’‚¡ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¬ÃƒÆ’Æâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã‚¡ÃƒÆ’‚¬Ãƒâ€Â¦ÃƒÆ’‚¾ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¢s NPAT of $29.3 million.

Included in the current year result was a non-recurring tax benefit of $9.5 million arising from the CompanyÃÆâ€â„¢ÃƒÆ’ƒâ€Â ÃƒÆ’¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒ¢Ã¢â‚¬Å¾Ã‚¢ÃƒÆ’ƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¢ÃƒÆ’Æâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã‚¡ÃƒÆ’‚¬Ãƒâ€Â¦ÃƒÆ’‚¡ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¬ÃƒÆ’Æâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã‚¡ÃƒÆ’‚¬Ãƒâ€Â¦ÃƒÆ’‚¾ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¢s

transition to the new Tax Consolidation regime. Net profit excluding non-recurring items was $31.2 million

compared to $28.4 million last year, an increase of 10%.

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Is this PHY territory?


Wind farm proponent criticises protesters

The company planning Victoria's second biggest wind farm in South Gippsland is accusing objectors of being too confrontational.


The Tarwin Coastal Guardians group has vowed to blockade the movement of construction materials once the project is underway.


Company spokesman Steve Buckle says the 52-turbine wind farm will contribute to the local economy and provide renewable energy.


He says objectors must accept that the wind farm is now going ahead.


"We might have been able to move turbines from here to there to move them away from the coast or move them away from the road or put them here or put them there, but there was none of this discussion - it was just a flat out, 'you're not going to do it down here and we're going to beat you'," he said.



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  • 4 weeks later...

I thought the market was a little more perceptive than this.


Did they actually think Latham had any chance of getting in?


Too many good things happening with PHY to keep it down.


The US election is in 3 weeks, If Kerry gets in they have indicated they will sign Kyoto & you would think Aust will follow.


That way PHY should get a good kick & we didn't have to risk Mr S.Crean running our economy.

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