up again on high volume.

  1. 513 Posts.
    Good morning,
    Phy has finally caught up to the other companies in the Utilities index(agl and aln). It was undervalued at the low $3 area.

    Just a story from the age.
    Investors have flocked to Australian energy generator, Pacific Hydro. On 18 June 2003, the shares rose by $A0.14 to close at $A3.42, the highest price in 2003. Analysts could not explain the sudden rise in the share price, and there are no real changes in the company's plans. Pacific Hydro is proceeding steadily with its plans for wind farms in South Australia and Victoria. One analyst said that investors have read about some of the plans in Adelaide newspapers and sought out the stock.
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