TRUST POWER

[Joshuatree]

My broker rang me .

[Joshuatree]

Duplicate duplicate...

[RTM]

Lucky to have such a broker...are you "Portfolio Customers".
Mine won't help significantly unless I make that change. Which I am not inclined to do.

[Harvey Specter]

Block sale of shares from Tauraunga Energy Consumer Trust - 20m shares up for grabs at a slight discount

They own over $100m so only a partial divestment. Will be interesting to hear the reason where are TECT going to put the cash?

[Joshuatree]

It pays to have a full service broker and your own no frills online low fee account

[bull....]

selling some at the top? wise some would say

[RTM]

"On the winding up of the Trust (year 2073) the assets of TECT, which remain, will be distributed for the benefit of Consumers"
http://www.tect.org.nz/overview
I guess by 2073 they would ideally have no shares and just cash to distribute ?
Is that the final outcome planned ?

[dingoNZ]

They own over $100m so only a partial divestment. Will be interesting to hear the reason where are TECT going to put the cash?

They own around ~24%, they're selling down ~6%, correct, only a partial sell down

[Jantar]

Interesting announcement from TPW today. https://www.nzx.com/companies/TPW/announcements/275409 It doesn't appear to have affected TPW's price, but IFT have taken a small hit as a result.

[Snoopy]

Interesting announcement from TPW today. https://www.nzx.com/companies/TPW/announcements/275409 It doesn't appear to have affected TPW's price, but IFT have taken a small hit as a result.

Demerging the wind assets from the hydro assets? Those are meant to be complementary. When the wind blows turn off the hydro tap. When the wind doesn't blow, turn the hydro back on. Taken at face value this proposed demerger makes no sense.

Behind the scenes logic? Infratil are cashed up so as a controlling shareholder they are well placed to support any capital raising required. I wonder if there is something behind the scenes here that Trustpower managment are not telling us? I wonder if Infratil want to sell their stake in Trustpower, but the buyer in the wings doesn't want the 'risky assets'?

SNOOPY