Whose isnt??
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Don't be too hard couta, Harvey's right. Anyone who bought the ipo's and held on, as many would because, in the main these are earners, they would have been disappointed but not devastated to see the prices leaking capital after the ipo, and begin a crawl back up after that. It became apparent as the election loomed that the political risk to the sector was reducing, and even if one waited until after the election, when the prices all broke up, buying then for growth as well as earnings came into play. Sure, we're probably all enjoying a bit of levity having these companies appreciate so much in a short time, but sarcasm, I don't think so, it's a plain fact.
disc: overweight in MRP and MELCA, had GNE but sold for a nice profit. On balance, they're up significantly and there's no prowess involved at all, just wanted some nice solid earners from the ipo.
Intraday high of 349... I was calling 350 before Xmas but this is close enough for my liking. :D:D:D
Also MRP are well balanced with geothermal power now making a significant contribution. http://www.nbr.co.nz/article/geother...urce-db-167504
Just waiting for MRP to start selling EV's and open up fast charging stations along sh1 :D , then lets see how many powerplants we can crank out each year
They have actually installed quite a few along at the waikato stations for the company fleet, its quite cool apart from having to make some detours to get from hamilton to taupo and back lol
Looking forward to MRP announcing HY results tomorrow, 24 February. Recent sp action has settled the past four weeks after a stellar run over the past year, particularly since the election Sept'14. Short term indicators are positive though medium term have softened. MRP aim to pay distributions with a pay-out ratio of 70% to 85% of free cash flow on average over time, with 40% paid interim in March.
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Weekly chart