In the meantime, another nice divvy in bank a/c, thanks MEL
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I've actually almost made more from divvys on this stock than I originally paid for them! :D
Just one more year of special divies, after that it's 80% of current (assuming no increase).
AGM tomorrow. Is there a decent morning tea?
Is anyone else thinking that Meridians Australian assets and development pipeline might be a (somewhat pallid) replacement for Tilt Renewables?
well plenty of rain falling in the right places for meridian - all lake levels up noting Pukaki is up the best part of 2.5m in the past 3 weeks. I expect the rain from the last few days will continue to spill into Pukaki the lake level should rise further from here ....
https://www.meridianenergy.co.nz/abo...ns/lake-levels
There’s a lot of noise in the media about lake and coal levels needing to be kept up to avoid an absolute crunch next year (i.e. having to turn the lights off completely) but I’m not aware of what the underlying supply/demand situation actually is. The share price of generators has been holding up (which has not been true across defensive interestingly.)
Time to nip round out and buy a generator or just a quiet week for local news?
The situation is not just coal but gas as well. This is very bad management by the generators . There is a price review going on. The Govt must take some action in the finish.