MEL - Meridian Energy

[Joshuatree]

Thanks for sharing mouse.

[Sideshow Bob]

Snapiti , Rog . CRAIGS have no more to offer you guys, sorry about that their firm allocations have been cleaned out.. Youll have to apply to the public pool if you hurry but you will likely be scaled. Definned , beheaded fried, sushimied , creamed ,rogered ,depending on what sorta cool cat fin fish you are

Yes have heard this also, with likely scaling through the public pool.

[macduffy]

Not all privatisation IPO's are flops.

http://www.theguardian.com/uk-news/2...-buyers-profit

[mouse]

Thanks for sharing mouse.

Pleasure. It is life and pretty depressing.

[biker]

...........Biker. Winners and Losers eh , Black and White; yeah... right. Wisdom and compassion comes with seeing the many shades of gray.........

.

I never mentioned winners. Only losers. Nothing gray, shaded or otherwise, about that. Given enough time and enough visits, everyone will leave a loser. Casinos are pure and simply designed to achieve that.
And they do.
And thats how SKC makes its money.
Wisdom and compassion? Interesting that these would be two qualities SKC would prefer not to be present in their Casinos or their Board Room.They tend to be counterproductive to gambling profits.

IMHO

Disc. No shares in SKC. Quite a few in Meridian. So I'm biased.

[Joshuatree]

Cheers biker

[Xerof]

Yes have heard this also, with likely scaling through the public pool.

If there is to be scaling to be done, the public pool will, IMO, be scaled the least as that is the 'mum and dad' sector they are so keen to have holding. The 'Firm allocation' pool, which has largely gone to 'seasoned investors', (and I understand it totalled 45% of the IPO), can be scaled to a maximum of 20%. This is likely to happen, as it carries the highest brokerage rate (from a cynical broker I deal with) This leaves the book builder insto's and 15% for offshore. IMO, these should be scaled the most, as if they want support for the price post-IPO, these are the guys who will do it.

[CJ]

me thinks if there is scaling they will say scaling will be done on alloments of over 2000 shares only or something similar.

Agree. For MRP, they only scaled above $15,000. Small investors will get all they want.

[Joshuatree]

It is all part of a sliding scale and your own opinion. You could choose not to invest in Grumman, BAe et al. because they make arms, SKC because of gambling, BAT because of cancer, MOA because of drunkeness. Don't forget Cadburys/Kraft because of high fat, sugar and diabetes. Then you have car and plane manufacturers and oil companies and the consequences of pollution and global warming....etc.etc. Just where does one draw the line in the shifting sands? Do we also need warning notices on kitchen knives advising that they can cause death?

Bjauck a good point re where do you draw the line? The important thing imo is to HAVE your boundaries, lines; and not pretend ignorance in worship of the $.We come to our own conclusions based on what we know and who we know who has suffered. I wouldn't say shifting sands(obliterating ones line/s). Life is constant change and we must adapt but we know for ex ; what a cigarette does for to peoples health; thats a line of truth. We know many people gamble not with surplus/ discretionary funds and they and people around them suffer. Snoopy believes people suffer with too high electricity charges from Meridian thats ok ;its his personal belief, line. As long as one has ones Lines (ethics and morals, personal beliefs, wellbeing to people etc) one can live with oneself with a little more authenticity and compassion..

[CJ]

Given it is Sunday, the perfect place for you guys to discuss ethics and morality would be church. Unless your discussion is in relation to whether a non monopolistic company that provides a 1st world necessity should maximise it profits, I suggest you use another thread.