MEL - Meridian Energy

[sb9]

And in the meantime another juicy higher divvy than last year just hit bank a/c.

[RTM]

https://www.nzx.com/announcements/343047

Might be a bit more power becoming available ? Supply / Demand.....price of power might go down a bit.
My new SolaHart water heater not looking quite so smart maybe.

[boysy]

Sounds like a bit of gamesmanship from rio Tinto the current price of aluminium is up about US$200 since the 2015 low when the smelter last had a go at the government and meridian from memory.

If the government upgraded the powerlines and HVDC cable north MEL could send the power north...

[Sideshow Bob]

the current price of aluminium is up about US$200 since the 2015 low when the smelter last had a go at the government and meridian from memory.

And currency outlook is more favourable….

[bull....]

tanking the price of all gentailers , anyway if they close the smelter it will be years away as they wind it down.

[Sideshow Bob]

I think the remediation costs are the scary thing for Rio/Sumitomo if they shut - last estimated at $256m.

Cheaper to keep it running......

[Beagle]

I think the remediation costs are the scary thing for Rio/Sumitomo if they shut - last estimated at $256m.

Cheaper to keep it running......

I have heard $300m mentioned before. I think the share price movements are quite an overreaction but I am content with my existing positions in the gentailiers so won't add more.

[couta1]

Still needs to fall $1 or more before it's near fair value.

[100101]

At least john key isnt around to give the smelter lads $30 million. MEL would make a sh&t load more profit selling to the public anyway.

[RTM]

At least john key isnt around to give the smelter lads $30 million. MEL would make a sh&t load more profit selling to the public anyway.

Don't forget the overall power supply for NZ industries and households will increase pretty significantly. Is it 15% ? So for those holding a basket of power companies (me) the overall return from the power companies would likely drop over time.