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Thread: Meridian Float

  1. #16
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    One of the unique things that Meridian does offer is an investment in a "clean green renewable energy". This alone might be a reason for many investors to get involved, if not for business/investment but for the appeal of supporting green business. Initially may not have an impact but globally there is a lot of goodwill for these types in investments so I could see large overseas funds getting in further down the track.
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  2. #17
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    Quote Originally Posted by BIRMANBOY View Post
    One of the unique things that Meridian does offer is an investment in a "clean green renewable energy". This alone might be a reason for many investors to get involved, if not for business/investment but for the appeal of supporting green business. Initially may not have an impact but globally there is a lot of goodwill for these types in investments so I could see large overseas funds getting in further down the track.
    I often smile at the Meridian TV advertisements knowing that they sell greenness because they don't "own" any thermal plant. They are actually quite enjoyable ads though.

    However, the fact that Meridian "contract" heavily to Genesis Energy for Huntly coal fired generation as thermal backup doesn't make them anymore green to me!

  3. #18
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    Reality is for accountants...perception is for everyone else.
    Quote Originally Posted by MAC View Post
    I often smile at the Meridian TV advertisements knowing that they sell greenness because they don't "own" any thermal plant. They are actually quite enjoyable ads though.

    However, the fact that Meridian "contract" heavily to Genesis Energy for Huntly coal fired generation as thermal backup doesn't make them anymore green to me!
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  4. #19
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    $1.60-$1.80, I hear...

  5. #20
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    Quote Originally Posted by robbo24 View Post
    $1.60-$1.80, I hear...
    $ 1.50 - $ 1.82 reported on Radio Live news and 10% dividend for the first year on the 60% paid in the initial installment.

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    Quote Originally Posted by iceman View Post
    $ 1.50 - $ 1.82 reported on Radio Live news and 10% dividend for the first year on the 60% paid in the initial installment.
    http://www.nbr.co.nz/article/meridia...ange-rh-146142

    The first, Mighty River Power, was held earlier this year and the share price of $2.35 has not held, with prices dropping well below that level since the float.
    Lol... It was $2.50, not $2.35... Silly NBR...
    Last edited by robbo24; 20-09-2013 at 11:12 AM.

  7. #22
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    From craigs just now
    $1 now
    price set between $1.50 - $1.80
    But for us capped at 60c ie $1.60
    D/Y 13% on partly paids
    9% on fully paid
    Last edited by Joshuatree; 20-09-2013 at 11:14 AM.

  8. #23
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    Quote Originally Posted by Joshuatree View Post
    From craigs just now
    $1 now
    price set between $1.50 - $1.80
    But for us capped at 60c ie $1.60
    D/Y 13% on partly paids
    9% on fully paid
    For some silly reason, I though the price cap would relate to the first payment, not the second - its going to make their admin harder doing it this way. It could have been a staggers dream though.

    So now we have to try and figure out what the institutional price will be to determine if there is any value in the price cap.
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  9. #24
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    Quote Originally Posted by Joshuatree View Post
    From craigs just now
    $1 now
    price set between $1.50 - $1.80
    But for us capped at 60c ie $1.60
    D/Y 13% on partly paids
    9% on fully paid
    Flip they are giving them away eh. If National get in again, these shares will be a little gold mine. If they don't, they won't. We have seen what political uncertainty can do to a dividend yield stock like Chorus....so they had to make it pretty sweet to get investors in....and they have. Although Chorus still sits under a cloud while offering around a 12% gross dividend yield...that's what it takes to keep the price from bombing when uncertainty is around. Maybe National observed that is the dividend yield required when faced with such uncertainty and obviously want to keep the price up until after the next Election.

  10. #25
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    Will there be imputation credits?

  11. #26
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    Quote Originally Posted by p2r View Post
    Will there be imputation credits?
    They "expect" partial imputation in the range of 40-75% of the corporate tax rate. Forecast yields assume 72% of corp tax rate for 2014 and 73% for 2015.

  12. #27
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    nzx.com/meridian-research#

    will have research once the retail offer has opened

    Edison

    woodward partners

    Also first Nz capital and morningstar websites too.

  13. #28
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    Read the document - I will be buying it and holding it long term!

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    Big picture here...(I have folk who do not have a clue but do ask the question)...given what happened to MRP...and are consequently blah blah....me thinks its probably more good than bad....

    again ...I believe the share price is TOTALLY irrelavent....i.e. an asset worth $10....ask investors to buy 50 %....then 50 cents....ask blah for 20 % 20 cents...same deal...am I wrong here...surely this is 101 stuff....cheers

    please tell me if Im wrong

  15. #30
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    wow looks too good to be true.


    and it is.
    paying out 1.5 x earnings in dividend to provide that yield.
    For clarity, nothing I say is advice....

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