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Member
MCY Mercury NZ ( MRP Mighty River Power)
No one seems to be posting any more on the thread entitled "who's in for the Mighty River Power float. Any investors want to blog about ongoing prospects for MRP?
Last edited by STMOD; 29-07-2016 at 01:39 PM.
Reason: company name change
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MRP price expected face pressure with the looming of meridian ipo, but actually last couple weeks the price seems strongly recovered from all-time low $2.16, bought few more at $2.17, interesting to see what's going on when meridian ipo started, decided to buy into all up coming SOE ipo.
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Divvies being paid on Monday, funny to see a little uptrend over last week to $2.30.
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The Board has declared a fully imputed final dividend of 7.2 cents per share (cps), in line with the IPO forecast and paid less than five months after listing. This brings total dividends declared in FY2013 to $168 million (or 12cps), which represents a gross dividend yield of 6.7% on the IPO price of $2.50.
For the coming financial year, FY2014, the Board remains comfortable with our IPO forecasts of significant growth in EBITDAF, reflecting the earnings contribution from the new Ngatamariki geothermal plant. The forecasts at the time of the IPO also anticipated an 8.3% increase in fully imputed full year dividends from 12cps to 13cps for FY2014. Based on our share price on 20 September, this represents a gross yield of 8.1%.
Can't complain too much, it's exactly what people calculated it would be at the IPO and then some.
Annual report is what it is: https://www.nzx.com/companies/MRP/announcements/241788
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Member
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*
Last edited by PartyPooper; 01-10-2013 at 12:11 AM.
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Originally Posted by 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*
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
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MRP has just announced a share buyback. Who picked that one?
http://www.mightyriver.co.nz/Media-C...k-program.aspx
Last edited by macduffy; 10-10-2013 at 09:11 AM.
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Was far far away from my thoughts. Desperate times call for desperate measures eh ! First they hint at dividend increases....and now this. All in an attempt to elevate the SP prior to Meridian float. Wow. Not complaining tho...as have a few.
What happens to the shares they buy ? Are they retired ? Or can they be sold again should the money be needed in the future ? Or used for staff bonuses ?
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Originally Posted by macduffy
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.
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Will also reduce the 'bonus share' liability on those retail holders who sell. Incremental, but still saves a few bob.
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