How are they going to buy back? Almost 10billions. The current government already struggling...teachers, nurses increase pays, kiwibuild ....benefits and etc
Printable View
Meridian has also declared a final special dividend of
2.44 cents per share ($6.25 million) under the company’s existing five-year capital management programme to return $625 million to shareholders. While the company’s existing five-year capital management programme runs through to 2020, the Board is considering the medium-term outlook and future capital requirements of the business. Under current circumstances the Board considers it appropriate to signal now its intention to pursue a further two years of capital management beginning in August 2020, seeking to return a further $250 million to shareholders.
Maybe investors are taking notice of Craigs ?.
Yesterday Craigs headline was .:Mercury overheated.....reduce to Sell.
Target price $3.36.
Exactly. At best there will be some more tinkering around the fringes. Maybe some additional funding to help promote more competition, .more advertising with power switch for example. Don't forget folks that they already have the winter relief payments to pensioners and the needy.
I must be a pensioner as I'm certainly not needy.
Crazy to pay this to everyone whether you needed it or not.
Should have had to go onto the Pensioner Site and tick a box that you wanted it.
Rather than opting out. I can only think that they might have considered that many of Beagles needy might have missed out thru ineptitude.