MCY Mercury NZ ( MRP Mighty River Power)

[robbo24]

Well much to my surprise I have a few MRP shares sitting in the shoe box in the corner looking a little unloved.
If I ever come up with a good reason for why they are here (short term rising price and volume probably) I will let you know.
If they resume their decline I will shoo them out.

Best Wishes
Paper Tiger

Shine on you crazy diamond

[Master98]

Well much to my surprise I have a few MRP shares sitting in the shoe box in the corner looking a little unloved.
If I ever come up with a good reason for why they are here (short term rising price and volume probably) I will let you know.
If they resume their decline I will shoo them out.

Best Wishes
Paper Tiger

PT You sell and me buy, already doubled my holding, average price well below $2.20 plus div $0.124, noticed from ASB site MRP NTA $4.1, is it right?

[Snow Leopard]

PT You sell and me buy, already doubled my holding, average price well below $2.20 plus div $0.124, noticed from ASB site MRP NTA $4.1, is it right?

You may wish to re-read my last two or three posts, then you may see that I bought some in the last few days and that they are on notice to not test their recent lows.

NTA should read about $2.26.
A figure of $4.10 equates to the total assets (including intangibles!) and ignores the liabilities.

Best Wishes
Paper Tiger

[Master98]

I have only done a quick run over the HY results but I have normalized the EPS to 7.4cps would consider doubling that up to 14.8cps for the full year but no higher than that.

I see that MRP talk about an adjusted net profit and dividend payout of 13cps for full year.

So perhaps not such a bargain at all?

I notice the last bout of buyback did not stop the share price declining.

But one day the downtrend will end and then I will read the accounts again and you never know, even buy some.

Best Wishes
Paper Tiger

Currently CEN trade at PE 17.26, don't you think it is reasonably to assume MRP should trade at this level, if so even use your EPS 14.8cps, then MRP should trade at $2.55.

[Snow Leopard]

Currently CEN trade at PE 17.26, don't you think it is reasonably to assume MRP should trade at this level, if so even use your EPS 14.8cps, then MRP should trade at $2.55.

Or CEN is even more overpriced.


I abandoned giving any relevance to PE ratios a long time ago.

CEN is CEN and MRP isn't

Best Wishes
Paper Tiger

[Bjauck]

Never say never! More than other "developed" countries most NZers have tunnel vision in relation to investment. Its Property and you borrow to get into the most expensive you can get money for! Baby boomer parents were stung by 1987 and took fright of shares. This generation were being welcomed back by John Key...into MRP and others...and got stung by politics.

[biker]

Many unplanned children happen moosie(remember the bird and bee's chat your parents gave you)so unless you have had the snip or this is your way of telling us you are attracted to the same sex you cant be to sure on the no children.lol

Ahhhh snapiti, ever the pragmatist :-)

[skid]

My partner is most definitely female

I'm pretty 100% sure I'm never having kids as well. Not posting up why here

if I set up a fund will you contribute? We could bookmark this thread as Financial Markets, IPO's and Politics 101!

you can speculate on that 2nd line on the off market discussions folks

[Bjauck]

Many unplanned children happen moosie(remember the bird and bee's chat your parents gave you)so unless you have had the snip or this is your way of telling us you are attracted to the same sex you cant be to sure on the no children.lol

Being in a same sex realtionships need not stop the sound of little feet, plus infertility does not stop adoptions....

[skid]

Is anyone else wondering about these price rises and the fact that they are coming off the back of significant selling of electric co by the Govt.---And then they get all concerned and say they will look into it---Not looking good for the average Kiwi