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Vector (NZSE:VCT) Could Be Struggling To Allocate Capital Vector's (NZSE:VCT) ROCE is 4.6%. In absolute terms, that's a low return but it's around the Integrated Utilities industry average of 5.5%. The business is utilizing more capital but this hasn't moved the needle much in terms of sales in the past 12 months. It's worth keeping an eye on the company's earnings from here on to see if these investments are contributing to the bottom line.
Energy trust payouts: are you in line for a cash injection? Energy trusts are getting ready to pay annual dividends to customers. Aucklanders whose power is supplied by Vector are in for a cash boost later this month. Hawke's Bay households connected to Unison's network will also receive a $240 dividend payout in late November.
Auckland CBD gas leak source found and investigation under way Gas and power company Vector confirmed the leak originated from a crack on an isolation valve. Full repairs were made to the leak overnight and it is still unclear what caused the crack. Emergency services evacuated sections of Auckland’s downtown area after the gas leak on Thursday evening.
Road reopened after gas leak in Auckland's Mt Wellington Roads are closed in Mt Wellington because of a gas leak. A gas main was accidentally "struck by a disk cutter" Police are still setting up cordons while lines company Vector arrive.
Vector’s $1.75 billion meter sale: Its plan for the windfall - and three alternatives Vector says it has netted $1.75 billion from the sale of 50 per cent of its smart metering business to Queensland Investment Corporation (QIC) in a deal that closed on June 30. The NZX-listed lines AdvertisementAdvertise with NZME.
Some power restored across Auckland after 'loud explosion' in an electrical storm Power has been restored to Swanson and Avondale residents in Auckland. Residents in west and central Auckland were woken on Thursday morning by a ‘loud explosion’ before their power cut off in an electrical storm. Fire and Emergency services said they received reports of an explosive sound around the suburb of Blockhouse Bay around 4.40am. Vector believes it was caused by a lightning strike early in the morning.
Vector owner Entrust offering new way to claim hundreds in dividends as tax battle continues Entrust is a private trust that owns 75.1 per cent of Vector on behalf of its beneficiaries. These beneficiaries are paid a cash dividend each year, usually in late September. The amount is set after Vector reports its full-year result in August. Entrust has paid up to $360 in dividends a year since 2018.
Widespread power, internet outages across Auckland causing havoc on coldest day There are power outages across north Auckland areas, concentrated in Warkworth. A Vector spokesperson said they were alerted to a power outage north of Auckland earlier today. Crews were onsite making repairs, and power was expected to be restored later on Wednesday afternoon.
King Charles’ coronation: Iconic Auckland landmarks to be lit in ‘royal purple’ in celebration Iconic Auckland landmarks will be lit up with spotlights in the royal purple shade. Vector Lights on Auckland’s Harbour Bridge to the PWC Tower and even Auckland's War Memorial Museum are getting a coronation makeover. It is just another way Aotearoa is honouring the King and Queen Consort's crowning.
Vector (NZSE:VCT) Has Some Way To Go To Become A Multi-Bagger Vector has an ROCE of 6.0%. In absolute terms, that's a low return but it's around the Integrated Utilities industry average of 5.3%. Since the stock has gained an impressive 56% over the last five years, investors must think there's better things to come. Since virtually every company faces some risks, it's worth knowing what they are.
Nexxiot Delivers New Vector Sensor - Essential for Rail Safety and Cargo Quality Vector sensor enables rail participants to manage operations more safely and provides vital insights for the successful delivery of cargo. The sensor complements a growing portfolio of Nexxiot Asset Intelligence technology.
Teen girl in critical condition after crash left Warkworth homes without power A teenage girl in critical condition was helicoptered to Auckland Hospital on Monday night. The car crashed at about 6.45pm on Woodcocks Rd in Warkworth. The Auckland Rescue Helicopter has said the patient is a girl in her teens. Vector confirmed houses and businesses have power again on Tuesday.
Houses in central Auckland suburb without power after explosion' heard A number of houses in the central Auckland suburb of Morningside are without power. A Fire and Emergency spokesperson said they received multiple reports of an ‘explosion’ heard Sunday night. The Vector outages map showed unplanned outages was occurring in areas around New North Rd and Sandringham Rd.
Houses in central Auckland suburb without power after explosion' heard A number of houses in the central Auckland suburb of Morningside are without power. A Fire and Emergency spokesperson said they received multiple reports of an “explosion’ heard Sunday night. The Vector outages map showed unplanned outages was occurring in areas around New North Rd and Sandringham Rd.
Flooding aftermath: Six weeks of generator noise and diesel fumes leave Titirangi residents gagging Titirangi residents say they are feeling forgotten, as problems continue to plague the suburb. Paturoa Rd resident Erica Clarke had just about had enough of the noisy generator that Vector set up outside her house. Peter Mckay's house seemed to be hanging on for its life above an enormous slip which had yet to be cleared.
Road cone war: Auckland Mayor Wayne Brown seeks to slash $145m spend on AT traffic management Auckland Mayor Wayne Brown has called on his own council organisation, Auckland Transport, to reduce its $145 million spend on road cones and traffic management. Brown has spoken to AT and utility and energy companies Chorus, Vector and Watercare about a four-step approach.
Competition watchdog takes Vector to court over power outages The Commerce Commission is taking legal action against Auckland lines company Vector. The watchdog said it was seeking a fine after Vector failed to meet its obligations to keep power outages below an allowed number and duration. Vector supplies electricity to more than 500,000 homes and businesses.
Market close: NZ stocks feel Wall Street rumble in volatile week The New Zealand sharemarket ended a volatile week with a near one per cent fall. The prospect of more interest rate rises to combat inflation reared up and unsettled investors. Meridian, Contact, Mercury and Vector all declined.
West Auckland solo mum without power for two weeks, can’t get answers from Vector A West Auckland solo mother has gone two weeks without power and had no word about when it will be back on. The woman, who does not want to be named, had flooding in a storage room at her split-level home in the suburb of Glendene. She emailed Vector to say she had no hot water, no Wi-Fi, no ability to cook and lost all her frozen food. In an email reply on Friday, the woman was told the job was down to be fixed. Vector said crews have been working tirelessly to restore power caused by Cyclone Gabrielle.
Cyclone Gabrielle: Titirangi family with baby twins ‘lived out of a chilly bin’ for 11 days A Titirangi family were left without power for 11 days following Cyclone Gabrielle. Jean Paul Pinto and his partner say they were at “breaking point’ after a massive tree on Atkinson Rd brought down both theirs and a neighbour’s power supply. Pinto said it wasn’t unexpected the tree in question had fallen, claiming he had raised concerns to Auckland Council about it in September. A Vector worker reattached power to Pinto's home this afternoon.