MEL - Meridian Energy

[Beagle]

Sharebrokers

[Under Surveillance]

How many people do you know that waste $1,000 year plus on lotto, year in, year out and have never won a meaningful thing...?

About as many as waste $4,000 a year plus on fags, and have won emphysema or lung cancer.

[Beagle]

About as many as waste $4,000 a year plus on fags, and have won emphysema or lung cancer.

Couldn't agree more i've been telling my two kids the same thing for years but they don't seem to listen. By the way, a pack a day which is a common sized addiction is now circa $7,000 a year, yet some people demonise Sky City as a sin stock, go figure...anyway back to market manipulation, maybe the Govt could convince the board of Air N.Z.to use their considerable cash reserves ($1 billion ?) to jack up the price of Mighty River Power too ? Pretty sure their Public relations spin doctors could come up with a perfectly valid reason why that's in everyone's best interests, opps did I really say that out loud LOL

[biker]

Casinos are designed for and make profits by, attracting losers. Doesn't sound like fun to me and not my sort of investment. I don't think sin comes into it. Just the fleecing of losers and to make money casinos must attract them.
SKC, although it has peripheral income would not survive without losers.

[RTM]

Sort of like the MRP IPO Biker ?
Cheers
RTM

[biker]

Sort of like the MRP IPO Biker ?
Cheers
RTM

Haha. Very droll :-) I buy my electricity from MRP and feel like I've been fleeced, but at least my money has bought something.

[Snoopy]

I decreased my app because although i will enjoy the income , the thought of sitting on a passive low, no growth investment for so long just doesn't suit my style. Not a bad income stock though imo. And way better ethically and morally then say investing in a gambling company.

I am not sure sure Meridian or any of the power companies are necessarily 'ethical' or 'moral'. Remember the sickness beneficiary in Auckland who died because her power,and hence oxygen machine were switched off? And what about the poor who freeze in their houses in winter and the accompanying sicknesses that result all because the greedy power companies charge so much for power, that in Meridian's case has no fuel cost?

However, something like a casino is entirely voluntary to enter. And SKC for example,have people and procedures to deal with problem gamblers. What other form of gambling can you say that about? There is no advantage long term for a casino to cajoule more money out of a customer then they can afford to lose. As far as I am aware, no-one has died on a casino floor at any Sky City establishment.

SNOOPY

[troyvdh]

Biker...my sentiments exactly...This issue was discussed a while back...Whats more a few years back I believe that SKC got an award for some sort of commerce brilliance...like how hard is it to fleece dosh of loosers and poor brown people...give me a break.

cheers troy

[Beagle]

I am not sure sure Meridian or any of the power companies are necessarily 'ethical' or 'moral'. Remember the sickness beneficiary in Auckland who died because her power,and hence oxygen machine were switched off? And what about the poor who freeze in their houses in winter and the accompanying sicknesses that result all because the greedy power companies charge so much for power, that in Meridian's case has no fuel cost?

However, something like a casino is entirely voluntary to enter. And SKC for example,have people and procedures to deal with problem gamblers. What other form of gambling can you say that about? There is no advantage long term for a casino to cajoule more money out of a customer then they can afford to lose. As far as I am aware, no-one has died on a casino floor at any Sky City establishment.

SNOOPY

Great post Snoopy. People are so quick to forget that their projected dividend returns are coming off the back of circa 80% real increases in the price of power in the last decade to the point where many tens of thousands of families can't afford to heat their homes properly. (Where's the ethical or moral aspect to that ?).
Bit of a scandal that we have some of the cheapest hydro generation in the world off the back of really plentiful average rainfall but our power prices are now about mid-point for the OECD ?. Wouldn't have anything to do with the Govt jacking up prices over the years so they could inflict a form of quassi taxation on the masses and then leverage those increases to flick the generators off, surely the Govt is not capable of such harsh ostensibly commercial behaviour !! You could easily make the case this is less moral than taking a small percentage win ratio off customers who chose to come into a casino after all people have little effective choice regarding power consumption. Which company is the greater sinner ?

[777]

quote ""Wouldn't have anything to do with the Govt jacking up prices over the years so they could flick the generators off, surely not !!""

Do you think Cunliffe would admit that?