MEL - Meridian Energy

[janner]

Wussel Norman is becoming more shrill every time he appears on the Idiot Box..

Cunninglife is appearing more COCKY !!.. ( Oh !!.. or was that Len Browne ).. No definitely Cunninglife !!..

Liabours policies are reverting to the " We know best ".. A la .. Hulun Clarke era..

Do you really think that the Banksters will let them go ahead with their policies if the, God Forbid .. Event happens and they do achieve power ??

Nah !!.. Just get on with your own investment thoughts..

P.S. Please note.. no mention of Len Browne's family :-)0

[Bjauck]

I seem to recall when the company now known as Kiwirail was sold, the commie Labour government paid through the nose to renationalise it.

Are holders going to stand for this rot if it becomes reality?

http://www.stuff.co.nz/national/poli...at-on-Cunliffe

Party conferences face all kinds of remits...many of which do not stand a chance of becoming policy.

Paying generous compensation to the owners of capital sounds like an act of generosity for a bunch of "commies". Please provide evidence that the Clark Labour government was communist.

A greater worry for share investors should be an exemption for the family home from Labour's proposed Capital Gains Taxation. Surely that would have a greater effect on MEL's share price. Under the proposals, there would be a tax advantage in putting capital in acquiring and building up palatial homes whose gains would be tax free whilst your share portfolio gains would be taxable.

[percy]

its back to the future .....once people see there little family beach bach being the target of a capital gains tax they will start to state in public that tax free capital gains are not good and then vote for ("NO Tax on the Bach"), to make sure they are not being taxed ...

we have a large community project here almost go ahead ... everyone said they would contribute to the project part funded by the local council ... big color adverts in the paper by the local council ... when time came for people to give them money ...... nothing .... project died.... what people say in public and in polls is not always what they will do in fact...

So very true.!! Right on the money!!!!

[Zaphod]

That idea wont float. The least they could get away with is repurchase at list price (or MV in MRP case??).

And even that would be very unlikely to happen I would think.

Agreed. If they attempted to take the shares back without any compensation, capital would take flight from the markets.

Perhaps this is just an ideological burp.

[macduffy]

Agreed. If they attempted to take the shares back without any compensation, capital would take flight from the markets.

Perhaps this is just an ideological burp.

It probably is.

But a more subtle approach would be to achieve the same result by taxing and regulating the investor appeal out of the power companies. Lower power prices, however achieved, would be a powerful vote-getter!

[Bjauck]

It probably is.

But a more subtle approach would be to achieve the same result by taxing and regulating the investor appeal out of the power companies. Lower power prices, however achieved, would be a powerful vote-getter!

Too true. They could tinker around with the Com Com etc. and leave them to do the hatchet job. Look at the example of Telecom NZ. It was demonized with its competitors (many of whom were not NZX listed entities) leading the chorus (no pun intended!).

[CJ]

Where would the shareprice be if those Mellons from NY hadn't been buying? They are now over 5% and cant go over 10%.

Lets hope they dont decide to sell.

[mouse]

Where would the shareprice be if those Mellons from NY hadn't been buying? They are now over 5% and cant go over 10%.

Lets hope they dont decide to sell.

Amen........

[CJ]

Where would the shareprice be if those Mellons from NY hadn't been buying? They are now over 5% and cant go over 10%.

Lets hope they dont decide to sell.

They are now up to 6.5%!

If your selling, they are buying!

[sharer]

They are now up to 6.5%! ...

It seems likely they intend going for the limit ~ 10%.
We might expect the market to find a lower estimate of "value" soon after that result gets reported.