MEL - Meridian Energy

[bull....]

new highs again , people want yield at any cost eh

[Stranger_Danger]

new highs again , people want yield at any cost eh

Then they should look at their capital base, decide on a magic number (say 5%), call it Yield, put a party hat on it if you have one, and then either spend it, save it, voluntarily pay tax on it, sleep with it, boast about it ...whatever one was planning to do this mythical "yield" item if they hadn't taken my suggestion and made it up in their head.

Instead of just making it up in their heads, some of this yield chasing is going to be very, very expensive at some stage.

[bull....]

not often you get a please explain why your stock is going up so fast notice when it comes to a major company

[Jantar]

I expect to see a similar notice and identical response from CEN as well.

[bull....]

I expect to see a similar notice and identical response from CEN as well.

id be surprised mel has way out performed all other gentailers the last week / mth and year. as you are a industry expert jantar hope you have plenty of power stocks

[Jantar]

id be surprised mel has way out performed all other gentailers the last week / mth and year. as you are a industry expert jantar hope you have plenty of power stocks

Just over 33% of my portfolio is in Electricity companies.

The enquiry was about $1.32 increase over 3 1/2 trading days. CEN went up $1.04 over the same period. GNE only went up $0.23, so it wasn't an industry wide increase.

Percentage wise, MEL led the charge with over 20%, CEN were 14%, MCY 12% and GNE 7%.

[dreamcatcher]

Believe this is what its all about .........not yield

Meridian and Contact Energy are both in the S&P Global Clean Energy Index to which many clean energy funds are benchmarked

[Swala]

Believe this is what its all about .........not yield

Meridian and Contact Energy are both in the S&P Global Clean Energy Index to which many clean energy funds are benchmarked

Do the wiser, more experienced contributors here think that should keep the share prices at these elevated levels going forward?

[dreamcatcher]

Do the wiser, more experienced contributors here think that should keep the share prices at these elevated levels going forward?

Not sure if I would class myself as any wiser or experienced contributor but both MEL & CEN are a good slice in my portfolio. Contact has traded in the $9+ previously but $8 is new ground for MEL pushed by clean energy funds finding both attractive. Expect both to re-rate and remain at higher levels the same as a handful of other excellent NZ stocks.

[RTM]

Thanks Dreamcatcher, good perspective.

Believe this is what its all about .........not yield

Meridian and Contact Energy are both in the S&P Global Clean Energy Index to which many clean energy funds are benchmarked

Not sure if I would class myself as any wiser or experienced contributor but both MEL & CEN are a good slice in my portfolio. Contact has traded in the $9+ previously but $8 is new ground for MEL pushed by clean energy funds finding both attractive. Expect both to re-rate and remain at higher levels the same as a handful of other excellent NZ stocks.