MEL should be in a position due to hydro flows to run generation hard into the start of winter think they can make up a lot of the 1H lost generation ground.
Sp slowly got into the 3s now....tempting to take profit after holding since IPO.
Yes it's tempting. I'm still holding for superior dividend as still in the middle of the capital management program. From the last annual report:
Meridian has also declared a final special dividend of 2.44 cents per share ($62.5 million) under the company’s five-year capital management programme to return $625 million to shareholders. This brings the capital management special dividend declared in FY17 to 4.88 cents per share, with $312.5 million now distributed since the capital management programme commenced in August 2015. To date this has all been paid as unimputed special dividends; however, a buyback remains a consideration.
As always - thanks to John key for this investment.
Might hold on to my Gentailer shares for longer than I anticipated. Doesn't look like solar/batteries will be able to keep up with demand (mainly from EVs).
A major report into New Zealand's energy future finds demand for electricity will double and forecasts electric vehicles will make up 85 per cent of light vehicles by 2050. https://www.nzherald.co.nz/business/...ectid=12056215
You wonder how much MEL are making on the spot market NI prices currently over $5,000 $/mwh they should be able to run generation hard into the end of the financial year with hydro near full and 600 gwh above average hydro storage for this time of year ....
quite a vanilla 7 year bond which is good to see with all those hybrids out there.
4.2-4% about the same as a 5 year TD, but at least there's liquidity.
not that attractive from a interest rate or duration risk reward perspective but it should function like a traditional bond in that the entity is obviously pretty solid
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Originally Posted by sb9
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