MCY Mercury NZ ( MRP Mighty River Power)

**couta1** · 20-03-2015, 08:00 PM

Originally Posted by winner69

From a broker review on March 9th

Increased volumes were seen in a few stocks that were included in the FTSE All World Index. Mighty River Power was added to the index and saw its share price increase by 3.9% after the announcement.

Might have seen the favourable impact already?

You could be right winner (The price hit $3.44 the day after it was announced it was to enter the FTSE) but the price is being suppressed at the moment with all the big boys playing their ball games just like over at SPK.

**Baa_Baa** · 21-03-2015, 05:27 PM

MRP daily chart looking vulnerable crossing under the 50EMA and closing below support of the high 12 Nov. Indicators descending but still not over sold. Money flow broken down. This is bringing the 200EMA into play around $2.90. Slim support at $3.13 from the 11 Nov closing price.

For whatever reason MRP is getting beaten up, it's still frustrating. Dividend due 31 Mar is small solace, already lost 10x more capital (from the high) than the dividend will compensate for. A bounce here would cheer me up.

Attachment 7217

BAA

**couta1** · 21-03-2015, 07:37 PM

BaaBaa I reckon once the big boys stop their antics( Who knows yesterday could have been the worst over) it should bounce it wants to but every time it has moved toward the mid $3.20s of late big volume arrives and drives it down( Exactly the opposite of a few weeks ago when big volume drove it up regularly at days end)

**fish** · 21-03-2015, 09:38 PM

Originally Posted by couta1

BaaBaa I reckon once the big boys stop their antics( Who knows yesterday could have been the worst over) it should bounce it wants to but every time it has moved toward the mid $3.20s of late big volume arrives and drives it down( Exactly the opposite of a few weeks ago when big volume drove it up regularly at days end)

Low lake lake Taupo levels and inflows don't help.

**robbo24** · 24-03-2015, 09:08 AM

MRP closing down some stupid gas station... Does anyone care?

https://nzx.com/companies/MRP/announcements/262195

**Master98** · 24-03-2015, 09:18 AM

Originally Posted by robbo24

MRP closing down some stupid gas station... Does anyone care?

https://nzx.com/companies/MRP/announcements/262195

will write off 50m book value? how about the 17 employees?

**robbo24** · 24-03-2015, 09:22 AM

Originally Posted by Master98

will write off 50m book value? how about the 17 employees?

Yeah, got to feel for the employees but with any luck they will find new and better jobs within the organisation

**winner69** · 24-03-2015, 09:32 AM

Originally Posted by Master98

will write off 50m book value? how about the 17 employees?

The 17 are just a commodity really ....a resource and nothing else

Human Resources has nothing to do with people

You should know that by now

**couta1** · 24-03-2015, 09:55 AM

A good move getting rid of a dinosaur and long term liability at the same time, the 50 mill write off will be offset to some degree by the sale of plant to overseas interests.