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Huaneng Power International, Inc. Message Board

  • edwinclaudi000 edwinclaudi000 Dec 23, 2009 12:56 PM Flag

    Opening a position at these levels?

    I have been watching HNP & have placed a GTC order at 22 today. How low can it go in the worst case scenario? All comments welcome. I plan to hold for a long time.

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    • Cancelled my GTC and got in at 22.60. Its 1/3 of my full position. Plan to average down.

    • gmmarder Dec 28, 2009 4:18 AM Flag

      I don't think it is going to go down to 22.
      Looks like it put a bottom in around 22.50.. I just bought at 22.70 .

    • historically this is as low as it was eight or nine years ago and in the meantime the company has increased output and acquired more plants. So, it's a very low price. It seems to have bottomed out, in that someone was dumping their shares and then it was trading at a higher daily volume, and probably some sold because they had stop orders in. I didn't think it could go below 25, that seemed the bottom point, but someone, maybe an institution, has been getting out slowly over the last six or eight weeks, and it looks like they've now finished. I see it as a safe stock, in that it may not make astronomical profits, but is here to stay.

      • 1 Reply to anniestshane
      • I am uninvested but am currently carefully doing homework considering up to about a 38% investment in my portfolio.

        It looks like it should be turning a profit for all of 2010, I've included some analyst estimates. I'm looking for not only price appreicate but feel as thought a dividend inccrease could kick in. I will probably only hold till ex-date to be honest, but there is a strong chance of a $4-5 increase plus a .75$ dividend from now till then. Conservatiley with the P/E multiple it traded at historically and a positive 2.15 EPS, we could see the share increase $3-4 annualy (I'm hoping to just be able to sell at a peak - I'm an optimist).

        Huaneng Power Intl Inc -Adr (HNP) Independent Power Producers & Energy Traders 25.14 -13.8 Dec -2.21 -1.97 2.36 1.45 62.8 10.7


    • beprepared4infinityandbeyond beprepared4infinityandbeyond Dec 23, 2009 1:55 PM Flag

      Good luck, I own at higher levels but I plan to hold for a long time too so I expect it will work out

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