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30-09-2019, 11:30 AM
#1911
"Electricity Price Review panel delivered its final report and recommendations to the Minister in late May, response is imminent "
From their Investor presentation.
http://nzx-prod-s7fsd7f98s.s3-websit...852/308815.pdf
This might be interesting.
Last edited by RTM; 30-09-2019 at 11:31 AM.
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30-09-2019, 11:56 AM
#1912
Junior Member
Originally Posted by RTM
So basically whatever the minister's decision is, could lead to big benefits for meridian?
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30-09-2019, 12:01 PM
#1913
Originally Posted by dzhang1510
So basically whatever the minister's decision is, could lead to big benefits for meridian?
I'm more worried about some kind of regulation of the power prices...which will not be beneficial for shareholders.
Watching with interest.
They have already signalled they are prepared to dabble in business....e.g. capping directors fees.
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01-10-2019, 04:28 PM
#1914
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01-10-2019, 04:48 PM
#1915
But wasn't Meridian fortunate to be allocated the nice renewable electricity producing assets, enabling them to trumpet their virtue marketing-wise! Don't mention that, like the rest of the gentailers, they become dependent on someone else's dirty coal/gas turbines to keep customers happy when the rain doesn't rain and the wind doesn't blow. Not to worry though, wise investors cover all bases by holding a few of them all!
Disc: Holding a few of most of them.
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01-10-2019, 04:50 PM
#1916
Dog gone it, you're right ! Got those dirty emitters GNE and CEN too .
Oh wait, what's going on...their share prices have been going gangbusters too
Last edited by Beagle; 01-10-2019 at 04:52 PM.
Ecclesiastes 11:2: Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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01-10-2019, 04:52 PM
#1917
Yes power will be used for some years.Just have to worry about all those Aucklanders causing power black outs as they try and charge their electric cars overnight.
I was at Barrington Mall a few weeks ago and ran into an old book supplier,who asked me whether I was nervous about the share market.
I asked him if he thought the Mall could operate without power.,and all the people around us would stop using their phones.
He laughed,as did I.
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01-10-2019, 06:58 PM
#1918
People need power during recession, but businesses need less. Over exposure to an aluminum smelting business could be a risk to profit during a recession. Also, losing such a contract could be considered a risk to a retirement income based on such a stock. That said, please correct me if im wrong (i don't really follow the power companies), isn't MEL the only one on the nzx with foreign growth interests?
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04-10-2019, 10:48 AM
#1919
I thought the final report on electricity was quite benign for the power companies, especially Meridian who were by far the most reasonable and abolished the so called prompt payment discounts, (which are nothing but thinly disguised excessive late payment penalties), some time ago.
Big tick for the ESG for Meridian as far as I am concerned as not only are they 100% environmentally friendly they were the first by a long way to recognise the social harm these late payment penalties impose on society, especially on customers least able to afford it and struggling to pay their power bills, and abolished them ages ago at a cost of ~ $5m per annum. Onward and upward. Interest rates to plumb fresh 100 year lows for the foreseeable future in my opinion.
Last edited by Beagle; 04-10-2019 at 10:50 AM.
Ecclesiastes 11:2: Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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15-10-2019, 08:50 AM
#1920
Ive no idea whether this is good or bad ...but it all looks extremely good
They call it blind investing taking a punt on these sort of companies
http://nzx-prod-s7fsd7f98s.s3-websit...592/309708.pdf
When investors are euphoric, they are incapable of recognising euphoria itself
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