MEL - Meridian Energy

[silu]

I'd have never guessed to double my money in 3 years on this whilst collecting dividends along the way.

[RTM]

I'd have never guessed to double my money in 3 years on this whilst collecting dividends along the way.

Yes, me to.
And who are the losers in this process ? The previous owners of Meridian. They gave it away. And the profits are now being whisked off to wherever on the world the new shareholders might live.

[mshierlaw]

I'd have never guessed to double my money in 3 years on this whilst collecting dividends along the way.

With a net 42c dividend to date from the IPO date (incl upcoming) this 2 bagger is nearly a three bagger. Thanks JOHN & BILL, got anything else to sell?

[Gizzajob I can do that]

With a net 42c dividend to date from the IPO date (incl upcoming) this 2 bagger is nearly a three bagger. Thanks JOHN & BILL, got anything else to sell?

And a big thank you to Labour and the Greens for driving the price down

[sb9]

And a big thank you to Labour and the Greens for driving the price down

Hey, don't forget all of $1.50 IPO price was not paid in one go, $1 first and $0.50 in 18 months time and you got full dividends in between...must be bargain of the decade!!!

[Stranger_Danger]

Yes, me to.
And who are the losers in this process ? The previous owners of Meridian. They gave it away. And the profits are now being whisked off to wherever on the world the new shareholders might live.

Exactly. This is my largest holding and I haven't sold a share yet, although it IS getting very pricey at these levels.

At IPO this was an absolute gift, almost free money which is highly unusual in financial markets, and best of all, unlike most IPO's worth having, you were able to get a large percentage of whatever number you asked brokers for. This really was a present to the rich pr****, wrapped up and hand delivered by the actions of the Labour and Green parties at the time.

It is almost enough to make me vote for them..... Almost.

[bull....]

breakout from consolidation suggests 2.90 -3 if it pans out

hit the target now selling off due to rising bond yields worldwide makes the yield only slighty less attractive

[silu]

Anyone else tempted to partially sell off if it goes below $2.70?

[RGR367]

Anyone else tempted to partially sell off if it goes below $2.70?

Not to sell but I'll get hit as I'm buying at that price.

[sb9]

Just like that another divvy comes into bank a/c....nice