Thanks boysy for the figures. I learnt something new today, and I can see that MEL is a good long term hold.
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I found a list of market capitalisation in the Share Screener on the Direct Broking site:
https://www.directbroking.co.nz/Dire...ws.aspx?e=NZSE
You can sort by various criteria including market capitalisation.
It lists the top as:
Company Code Mkt Cap WESTPAC WBC.NZ 92.4B ANZBANKGRP ANZ.NZ 75.11B TELSTRA TLS.NZ 36.75B MERIDIAN MEL.NZ 8.97B AUCKAIR AIA.NZ 8.79B a2 Milk ATM.NZ 8.13B AMP AMP.NZ 7.87B FONTERRA FCG.NZ 7.59B Spark SPK.NZ 7.58B FISHERHEALTH FPH.NZ 7.5B RYMAN RYM.NZ 5.45B MERCURY MCY.NZ 4.95B CONTACT CEN.NZ 4.3B FLETBUILD FBU.NZ 4.25B AIRNZ AIR.NZ 3.46B
I wonder how they arrive at M/Cap for the Aussie companies listed on the NZX? A snapshot based on domicile of holders, maybe?
That is the MC of westpac group or entire entiry listed on the asx one must remember ... MEL seems to be finding plenty of support at the present SP
Thanks, both.
Yes, of course. Must remember to read more carefully in future! Those Aussie M/Caps are rather meaningless in the context of the NZX.
:blush:
Now back to Meridian. Holding since the IPO. A suitable investment in today's uncertain market.
Excellent defensive characteristics I couldn't agree more. I was late to the party in the late $2's but this has been a quiet achiever in my portfolio.
Topped up with a few more recently as even at $3.50 I calculate the gross yield at 6.8% inclusive of partial imputation credits. Safe and sustainable.
Gas halt likely to lift power prices
https://www.nzherald.co.nz/business/...ectid=12190192
Another planned outage makes you wonder what will happen to those spot prices planned for 30 days in total with 12 days planned for Feb ..... wouldn’t want to be on flick when that occurs
Snow levels very low too so high prices low volume.
See current snow storage
Blithly tucked away at the but end of the announcment - "Meridian’s retail sales volumes in December 2018 were 23.9% lower than December 2017" - and it's not commented on in the report at all. Are they losing "less valuable" (low volume) customers, so no cause for concern at the churn?