MEL - Meridian Energy

[axe]

And the tax component of the other 49%.

Correct, also to appease Winston they will target the assets with 100% foreign ownership ie: the Wellington lines company.

[Harvey Specter]

The regulators will target the lines companies first.(monopoly)
.

you do realise the Comcom has been targeting the lines companies for years. Lots of court cases send extra compliance.

IRD is looking into those overseas owned lines companies too.

Transpower may get away with it since govt owned.

[axe]

Yes I am aware. Also, I am not saying there is 0 risk for the mixed ownership model companies.

[mouse]

You know, the horse is not a winner until it gets over the line. Mind you, Winston could be offered the PMs job and that might get him on board with the Nats. Does it need Nats to be Govt for the share price to stay up? And why are we closing today at $1.45 before the election results?
Should I sell, or buy more?

[dingoNZ]

I brought some more@ $1.45 today, at the end of the day. I'm confident that the Nats will come in and that Melca will continue to perform. They have a great growing customer base and good future potential

[Sideshow Bob]

Not to mention 8.8 cps coming soon......

[Wolf]

I sold my power company shares today for while I do expect national to get in and the market seems to, it does seem tight and if Labour got in I think the market would react negatively.

My most important goal Is capital preservation and I will happily pay a higher price on Monday for this added security.

[Stranger_Danger]

So, up a good bit this week ahead? Or, priced in already?

I guess time will tell.

[bull....]

should be positive today following election result.

[mouse]

So, up a good bit this week ahead? Or, priced in already?

I guess time will tell.

My view is you cannot price in an election result. Since there are so many variables. You could take a punt of course. But we also have the problem of return on capital, versus return of capital. Obviously Wolf prefers the latter. Which with inflation and taxes is probably not certain either. Life is really a bit impracticable, but we have to do the best we can.
Percy, I am moving over to your area whilst EQC repairs go on here.