MEL - Meridian Energy

[dreamcatcher]

MEL went x divi on the 30th march.

Correct....... I was referring to the quick daily up/down SP fluctuations

[Cyclical]

Correct....... I was referring to the quick daily up/down SP fluctuations

Yep, did it again today too, up 31c at one point before ending back down at the opening price.

[Rowdy Flat]

Yep, did it again today too, up 31c at one point before ending back down at the opening price.

It's not happening to MEL solely. CEN up at $6 until 2pm - then finished at 5.71 (down 6 on the previous day.)

[dreamcatcher]

Yep, did it again today too, up 31c at one point before ending back down at the opening price.

Well done........... with the divvies the Power-Boys pay prices will never stay down for long

[Joshuatree]

Been manipulated for a while with often the largest vol right at the end of day.

[nztx]

Been manipulated for a while with often the largest vol right at the end of day.

Yes - it seems so - definitely a pattern of large parcels unloaded in past 5 days - 1st 2nd 3rd 6th & 7th -- all have bundles of between 500k & 700k shares dropped into the market around 4.55pm - 5.00 pm

And a parcel of 2.86 million dropped around 4.55 pm on 31 March too

does anyone have access to trades through the day back before 31 Mar to see if similar trading patterns before then ?

[horus1]

Does this point to anything we can spot

[nztx]

Another 468,000 shares unloaded with a 5.00pm timestamp on 8 April from the daily NZ graph
with mostly small rats & mice hitting the deck during the rest of the day

[RTM]

Another 468,000 shares unloaded with a 5.00pm timestamp on 8 April from the daily NZ graph
with mostly small rats & mice hitting the deck during the rest of the day

Quite a contrast between Meridian and Truspower.

https://www.nzx.com/announcements/354423

and

https://www.nzx.com/announcements/354422

Ill leave others more knowledgeable than me to comment further.

Jantar ? Horus ?

[k14]

Quite a contrast between Meridian and Truspower.

https://www.nzx.com/announcements/354423

and

https://www.nzx.com/announcements/354422

Ill leave others more knowledgeable than me to comment further.

Jantar ? Horus ?

Trustpower are screwed because the RCPD incentives are gone. RCPD stands for Regional Coincidental Peak Demand. This is the method Transpower uses for calculating the distribution networks annual connection charges. The distribution companies usually rebate the companies which own the smaller stations which generate directly into the distribution networks. This is quite lucrative for the companies that own these smaller stations as they can time their generation to reduce the distribution networks peak demand and hence reduce their bill to Transpower.

Meridian have no generators connected to distribution networks (usually referred to as an embedded generator), all of their stations are connected to the transmission grid hence no benefits lost by the dissolution of RCPD. Trustpower is the opposite, most of their generation is embedded. Hence, they will loose a revenue stream.

In addition, Meridian get a massive benefit from the changes in HVDC cost allocation. Currently this is 100% paid for by the owners of South Island power stations. The majority (i'm guessing ~90%) of Meridians generation comes from the SI and hence any changes in this give them a major benefit too. Contact is roughly neutral, Genesis looses a wee bit, Mercury loose a lot (currently they have no SI assets).

Hopefully the above makes sense. The document is incredibly complex (156 pages) and haven't had time to digest it in full yet.