http://www.nzherald.co.nz/business/n...ectid=11406854
https://www.nzx.com/companies/MRP/announcements/261039
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Very quickly:
Profit from the normal everyday business down about 13% on previous year;
Full year assumptions include hydro production based on average inflows for the rest of the financial year - not convinced about that.
Giving themselves the option to buy back 15m shares this year.
Best Wishes
Paper Tiger
MRP dropping out of the ASX All Ordinaries
Whether that will have any effect I know not.
Best Wishes
Paper Tiger
Hard to say in todays world debt is good saving is bad. I also wondered about Auckland Airports capital repayment of $450mill in 2014 looking at the Cashflow statement it looks like they borrowed $450mill to repay the capital because the increase in capital was a 734mill non-cash revaluation of Airport assets(I wonder if this is because capitalisation rates must be crazy low in a zirp environment). Great for current shareholders but an additional $450mill debt must make the company weaker.
Debt is cheap so shareholders get a higher return.
I thought MRP is bigger than genesis - why is MRP out of the oz index and gen in?
from the Methodology document:
I really do not understand why Mighty River Power is going to be dropped and I have read the whole document...Quote:
All Ordinaries. The All Ordinaries index is considered the total market indicator for the Australian equity market. The index is comprised of the 500 largest securities listed on the ASX and the constituents are not screened for liquidity. It is the only index that is not float-adjusted.
Best Wishes
Paper Tiger
So not a matter of liquidity.
But presumably some other companies have become "larger", or been recently listed - such as Medibank - and have shouldered those at the bottom of the pecking order out of the mighty 500?