MEL - Meridian Energy

[newtrader]

Does the imputation credit look a bit lower than the declared amount (2.39 cents)?

I did the maths and it looks like I received imputation credits based on the assumption of 2.387 (not 2.39) cents per share

It's not a lot for the individual receipt holder but if you take the amount 'missing' (0.003 cents) and apply it too the total number of receipts (2.5 billion), it appears we are short roughly $75k.

Can someone check my maths? I hope just did something wrong and this is nothing to worry about.

[MAC]

What a fantastic investment MEL has turned out to be - now trading at 1.61 after the 8.8c div. I had a post election valuation of 1.55 (Morningstar 1.16....), but that might have been a little light. In any event no plans to sell. has become my biggest holding.

Was going to pick it in the stock picking contest but PT said it wasn't allowed...!

Well done Black Knat, research reaps rewards.

[sb9]

Couldn't agree more and make that $1.63 as we speak. What's interesting is the depth shows not many sellers but heaps of buyers, interesting!!!

[silu]

Buying a whole lot at IPO and doubled up when they were 90c was one of my better investment decisions of the past couple of years.

[bull....]

fantastic i had 20c + divs as my forecast without election result factored in so is the other 40c now because national won the election hahaa they were definitely trading at a big discount

[bull....]

actually since the election i hv meridian up 40% compared to mrp 13% , gne and cen around 8% so is one to assume from these figures mel is the top power company in nz based on investors wanting in?

[sharer]

Buying a whole lot at IPO and doubled up when they were 90c was one of my better investment decisions of the past couple of years.

Me too. Then worked back to get into MRP & GEN (admittedly initially dodged for various non-investment reasons).
Since getting in to all 3, i frequently try reworking the assessment to get what looks like a rational proportion of each, a fairly difficult calculation (a more honest word would be guesswork). Especially as so far it has never seemed rational to actually sell anything to free funds & it has more been a matter of saving up dividends to get funds for small expansions at opportune moments when others got nervous - but no hope of that working any more

[dingoNZ]

actually since the election i hv meridian up 40% compared to mrp 13% , gne and cen around 8% so is one to assume from these figures mel is the top power company in nz based on investors wanting in?

19.20% including all div and capital gains for MELCA, from 19th September

[McGyro]

What has caused today's price jump?

[sb9]

Oof...big volumes thro' today, more than 6 million shares traded...must be lot of instos chasing yields.