MEL - Meridian Energy

**robbo24** · 22-09-2014, 09:58 AM

Originally Posted by mouse

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.

You can price it in, it's easy.

If you thought the red threat was going to win, you didn't buy.

If you thought the red threat wasn't going to win, you bought.

Let's go power companies!!!!

**stoploss** · 22-09-2014, 09:59 AM

Wow ......

**silu** · 22-09-2014, 10:07 AM

This is crazy!?!?!?!?

**dingoNZ** · 22-09-2014, 10:51 AM

Originally Posted by silu

This is crazy!?!?!?!?

So glad I bought in Friday, this will wash out the div

**goldfish** · 22-09-2014, 10:52 AM

Nice, I got some on friday sold half on opening will keep half as it goes x div on friday, going to be a interesting week to see what happens.

**McGyro** · 05-10-2014, 09:16 PM

Anyone care to explain the point in hanging on to Meridian shares now that the party, so to speak, is over?
Done well to date but the high return divs and the post issue run-up are done.
Is there more to come?

**bunter** · 05-10-2014, 09:34 PM

- My valuation 2.37.
- Utilities might get a premium one day for liquidity, quality, and flight of capital to defensive stocks pre-crash - no allowance for which is included in that 2.37.
- 'Capital management' announcement due in Feb 2015 - given that they paid a special dividend recently, I'm picking this will be a return of capital rather than a call for more.

But all in all GNE (3.47 valuation) a better bet in the sector IMVHO.

**noodles** · 05-10-2014, 10:16 PM

Originally Posted by bunter

- My valuation 2.37.
- Utilities might get a premium one day for liquidity, quality, and fight of capital to defensive stocks pre-crash - no allowance for which is included in that 2.37.
- 'Capital management' announcement due in Feb 2015 - given that they paid a special dividend recently, I'm picking this will be a return of capital rather than a call for more.

But all in all GNE (3.47 valuation) a better bet in the sector IMVHO.

a buyback is more likely. The company is short imputation credits.