MCY Mercury NZ ( MRP Mighty River Power)

[Hectorplains]

Totals traded today:
Volume: 1,469,545;
Value: $4,143,957;
VWAP: $2.820.

Closing Auction:
Volume: 247,156;
Value: $713,045;
VWAP: $2.885.

Totals today excluding closing auction:
Volume: 1,222,389;
Value: $3,430,911;
VWAP $2.807.

A New Years Resolution: teach people not to ignore the facts.

Best Wishes
Paper Tiger

Yes, the exact difference is 2.807 which you have so cleverly calculated rather than the 2.78 that I estimated ("around".) The point I was making is that, although marginally up on the day, it was the final trade that skewed the price. Hardly "ignoring the facts." Sorry to have caused you such angst.

[xafalcon]

The daily trade graph shows a steady grind upwards throughout the day, with that buying momentum continuing into the session closing auction. The "one 200+K trade" was the session closing auction which was made up of many smaller trades with the SP determined following normal NZX market close price setting rules (NZX actually uses ASX rules). Eye-balling the yesterday's SP graph, shares last traded at $2.78 just after 1.30pm, then quickly moved to $2.83, with final pre-close trades at $2.86

[theace]

Slightly largish fall in comparison to the others ... wonder the reason behind it? or just the market!

[troyvdh]

theace...check out the NZX50 3 year chart...that trajectory cannot/will not continue....MRP pay a decent div...all is good....cheers troy...

[Jantar]

theace...check out the NZX50 3 year chart...that trajectory cannot/will not continue....MRP pay a decent div...all is good....cheers troy...

They also have the highest P/E of any of the gentailers: In line with Shanghai even. So any correction is likely to show on MRP more than the others.

[Joshuatree]

6 months results to be released 23rd feb

[trader_jackson]

I'm not sure how many times I have to say it, but measuring any electricity company via PE is extremely misleading. I mean you can do it, but it is much better to look at free cash flow, as this is what allows MRP to pay its dividends!

I am looking forward to when they announce something like a 400% increase in full year profit (as this year around there won't be any significant one offs... I hope)

[trader_jackson]

https://www.nzx.com/companies/MRP/announcements/276583

i thought it was a 'modestly positive' report, but clearly Mr Market things the complete opposite...

[xafalcon]

https://www.nzx.com/companies/MRP/announcements/276583

i thought it was a 'modestly positive' report, but clearly Mr Market things the complete opposite...

From the report in capital letters ENERGY PRICES DOWN 1.5%; VOLUMES DOWN 7%

So they sold significantly less electricity and what they sold was at a lower price

I think the market read it like I did - not good!!

[trader_jackson]

From the report in capital letters ENERGY PRICES DOWN 1.5%; VOLUMES DOWN 7%

So they sold significantly less electricity and what they sold was at a lower price

I think the market read it like I did - not good!!

I see... but futures are up and generation was also up? surely its not that bad?