MEL - Meridian Energy

[boysy]

Results out this thursday the rain of late seems to have shored up lake levels right across meridians portfolio

https://www.meridianenergy.co.nz/abo...ns/lake-levels

What are peoples thoughts on anticipated results out this thursday and anticipated divi and outlook ?

[Joshuatree]

Thanks boysy, in the nick of time by the looks re lake levels rising. No idea its a stock i tend to drop in the bottom drawer and forget about; lazy i know and not a wise investment tactic.

[boysy]

Looks like snow storage is also up strongly in the past few weeks with 85% of mean and well into the 25%ile -

https://www.meridianenergy.co.nz/abo...s/snow-storage

Its clear the southern generators are back sending > 350 MW north on the HVDC following recent rainfall in the south.

http://www.em6live.co.nz/PlanningReg...ningregion=uni

[fish]

Looks like snow storage is also up strongly in the past few weeks with 85% of mean and well into the 25%ile -

https://www.meridianenergy.co.nz/abo...s/snow-storage

Its clear the southern generators are back sending > 350 MW north on the HVDC following recent rainfall in the south.

http://www.em6live.co.nz/PlanningReg...ningregion=uni

Wholesale power prices have dropped but still remain high.I guess this could be negative for Genesis and positive for contact.
I still dont expect meridian will have a good annual result and wonder if the sp will dive when it is announced .

[boysy]

Looks to be a good result in light of the challenging 2H.

https://www.nzx.com/files/attachments/264259.pdf

[King1212]

Looks to be a good result in light of the challenging 2H.

https://www.nzx.com/files/attachments/264259.pdf

Good for MCY with heavy and wet weather this year????

[boysy]

Look at those spot prices $1000 mwh and Mel sending over 700 MW north they must be making some money good thing it's been raining down south

[fish]

Look at those spot prices $1000 mwh and Mel sending over 700 MW north they must be making some money good thing it's been raining down south

Raining everywhere and cold with increased demand

[boysy]

Well hydrology looking good plenty of rain where it needs to rain in the South Island looks like te anau is full and manapouri and Benmore are close to being full

[boysy]

all lakes now full to overflowing which is reflected by the volume going through the HVDC cable going north around 825MW. Rain really has fallen where it needed to in the past few weeks.

http://www.em6live.co.nz/PlanningReg...ningregion=uni

https://www.meridianenergy.co.nz/abo...ns/lake-levels