MEL - Meridian Energy

[airedale]

HI Percy, if only there was a government owned firewood company that Bill English could sell off. That would be another profitable float. I have just put another log on the fire.

[percy]

HI Percy, if only there was a government owned firewood company that Bill English could sell off. That would be another profitable float. I have just put another log on the fire.

Put an extra one on,I am on my way to your place!!
I don't have a fire place.
Nights like tonight I really miss it.
Heat pumps and heaters just don't give the same comfortable glow.!!
Hailing now.Was bucketing down awhile ago.!!

Did you ever have shares in Energy Corp?.Gerald Henry's dud,before he and his brother went onto DIL.Trying to turn sawdust into pellets for fires.!!

[dingoNZ]

Ahh I miss our old wet back fire place, nothing like it!!! Not very common up here in Auckland!!

[Baa_Baa]

The Jetmaster open fire is humming here. Nothing like an open fire ... ahhhh. Sorry MEL, you'll have to get me on the nightstore, our lounge is pure flame!

[huxley]

Article in stuff - http://i.stuff.co.nz/business/indust...-cheaper-power

[xafalcon]

This conversion of installment receipts to shares is a draw out shambles. You can apparently trade MEL from 30 April, but how many have you got? Zero. Until they are allocated a week after you must make payment on 15 May. How can you sell something that you don't have, or buy something nobody has? Nobody can verify how many MEL you have. And just because you have xxxx MELCA, doesn't mean you have or will have the same number of MEL. Since nobody can verify your trading balance, you could even sell your MEL shares through multiple brokers several times over. Share liquidity will potentially fall to zero for a month. Total shambles.

The whole process could have been so much quicker and simpler if MELCA closing price on 29 April was multipled by shareholding, then divided by (MELCA + $0.50) and this quantity immediately allocated as MEL. With the extra $0.50/share payment being used to purchase the balance of the original MELCA holding (MELCA - MEL)

I have blocked out the month with zero trading and zero access to money from sales (if they happen)

[warthog]

Meridian Energy monthly operating report for March 2015:
https://www.nzx.com/files/attachments/211279.pdf

[percy]

Meridian Energy monthly operating report for March 2015:
https://www.nzx.com/files/attachments/211279.pdf

Good to have you posting again.
You have been missed.!

[777]

This conversion of installment receipts to shares is a draw out shambles. You can apparently trade MEL from 30 April, but how many have you got? Zero. Until they are allocated a week after you must make payment on 15 May. How can you sell something that you don't have, or buy something nobody has? Nobody can verify how many MEL you have. And just because you have xxxx MELCA, doesn't mean you have or will have the same number of MEL. Since nobody can verify your trading balance, you could even sell your MEL shares through multiple brokers several times over. Share liquidity will potentially fall to zero for a month. Total shambles.

The whole process could have been so much quicker and simpler if MELCA closing price on 29 April was multipled by shareholding, then divided by (MELCA + $0.50) and this quantity immediately allocated as MEL. With the extra $0.50/share payment being used to purchase the balance of the original MELCA holding (MELCA - MEL)

I have blocked out the month with zero trading and zero access to money from sales (if they happen)

You will have exactly the same number of MEL as MELCA on the 30/4/15 but the MELCA won't become MEL until you pay the 50c instalment. Your second paragraph is total rubbish. The first theoretical trading price on the market will simply be 50c higher than the last MELCA share.

[mouse]

Pouring with rain all night. Snow up in the catchment for Meridian water. It will probably melt before Winter and fill up the lakes. Plenty of electricity. What about a price reduction, or an increased dividend?