MEL - Meridian Energy

[sb9]

Now that Tiwai is out of way (for now at least), I'm hoping we can expect some announcement re capital return along with FY results. Thoughts?

[IAK]

Now that Tiwai is out of way (for now at least), I'm hoping we can expect some announcement re capital return along with FY results. Thoughts?

Well the Smelter hasn't closed so according to Brian Fallow $625m should be returning to share holders over the next 5 years or so.

Meridian pencils in $625m capital return http://www.nzherald.co.nz/business/n...ectid=11404245

[bull....]

24c/share capital return over 5 yrs would roughy be 5c per yr in special divs if that the case final div 6c + 3.5 special?

[Bjauck]

MEL up 6.22%
GNE up 3.51%
CEN up 3.3%
MRP up 3.26%
TPW up 2.17%

MEL down 3.02%
GNE down 3.39%
MRP down 3.13%
TPW down 1.01%
CEN watch this space...

The stock market giveth; the stock market taketh. Smelter gives way to CEN share scramble.

[sb9]

I think the sell off is party due to big instos offloading to make room to part take in Contact sale...

[Joshuatree]

Yes what a difference a day makes. Rod Oram saying this morn GNE is a beneficiary of Tiwai decision ,opp there?. Re $1.8 billion needs to be found in a couple of days so selloffs allover alright.

[bull....]

lot of money 1.8billion but some will go to aussie insto.s so might be a good day to pick up some bargains

[sb9]

Does anyone here been offered any shares as part of placement thro' a broker outfit?

[noodles]

Does anyone here been offered any shares as part of placement thro' a broker outfit?

First NZ have offered me shares. I have ordered some. I may be scaled back.
I receive excellent service from my broker at First NZ.

[Joshuatree]

Yes I have bunch on order thru CRAIGS super excellent service. There is commission added to the price.Its happening fast(all done by today/tomorrow is what I've heard) sb9 so one needs to decide if its for them and IF interested act fast.