MEL - Meridian Energy

[alokdhir]

If the shares fall into closing or latter then its called Distribution if goes up then accumulation ...only end tells what it was ....lol

[dompf]

I tell you Bull..... saw this from a mile away. I’m not in this one but what a ride this would’ve been for that insto.

[alokdhir]

Today can be MEL / CEN day ...Another 10 million new ICLN issued so now they need invest about 60 million in these 2 ASAP

[stoploss]

Today can be MEL / CEN day ...Another 10 million new ICLN issued so now they need invest about 60 million in these 2 ASAP

Could they have purchased the shares last week and be issuing the units now ?

[alokdhir]

Could they have purchased the shares last week and be issuing the units now ?

Normally thats not the procedures for open ended funds like ICLN ...they sell at current NAV to new buyers then buy their current portfolio with new funds they get !!

Its very possible that Friday sales were also not yet invested ...

[winner69]

Brokers must be loving it ...kaching

[alokdhir]

Brokers must be loving it ...kaching

Day trader's dream too buddy !!

[stoploss]

Normally thats not the procedures for open ended funds like ICLN ...they sell at current NAV to new buyers then buy their current portfolio with new funds they get !!

Its very possible that Friday sales were also not yet invested ...

Looks more like a pump n dump ......

[dreamcatcher]

Approx traded numbers since 1/12/2020.......... MEL-76m CEN-42m

Blackrock CEN 4/12 11.1% (79m) 23/12 12.2% (87m) 8/1 13.34% (95m)

" MEL 10/11 5.04% (129m) 23/12 6.07% (155m)

[Marilyn Munroe]

Majority state owned gentailers have a shareholding limit of ten percent, other than Her Majesty the Queen in right of her Dominion of New Zealand.

So if you are planning to sell into this rising price do so before whoever is buying "open circuit" gets to ten percent.

Boop boop de do
Marilyn