MCY Mercury NZ ( MRP Mighty River Power)

[PartyPooper]

With the Dividends today and the amount of MRP shares I've collected at 2.17. At the current share price I've finally broken even on my initial IPO investment if I sold tomorrow. Pretty happy at the moment hopefully once meridian is done the price may hold at 2.30 for awhile *fingers crossed*

[robbo24]

With the Dividends today and the amount of MRP shares I've collected at 2.17. At the current share price I've finally broken even on my initial IPO investment if I sold tomorrow. Pretty happy at the moment hopefully once meridian is done the price may hold at 2.30 for awhile *fingers crossed*

But didn't the Greens convince us that power companies were making SUPERPROFITS?

Where's all the damn SUPERPROFITS?

Clearly we need a single buyer model......... Hahaha

[macduffy]

MRP has just announced a share buyback. Who picked that one?

http://www.mightyriver.co.nz/Media-C...k-program.aspx

[CJ]

MRP has just announced a share buyback. Who picked that one?

Never saw that coming. Good use of cash, especially if there are insufficient IC's to fully impute.

[Xerof]

Will also reduce the 'bonus share' liability on those retail holders who sell. Incremental, but still saves a few bob.

[RTM]

Another thought.......who will they buy the shares from ? Major holder is the government. 50:50 government and market ? Or just market ? If just market....then ratio of Government owned shares to public will alter. How would they determine price to buy from Government ?