Hard to think this would be at market as meridian could simply buy spot on market without the hassle of a forma agreement.
From the meridian monthly announcements it appears they make money on aquired generation so wouldn’t be surprised if they pay a fixed rate for this generation.
mel reports wed so we may be able to decipher who benefited or if both benefited
mel reports wed so we may be able to decipher who benefited or if both benefited
I would think both benifeted
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
if meridian was good im thinking gne will be good if not better also the relative under performance compared to mel may offer chance to close gap as well as the div being better
if meridian was good im thinking gne will be good if not better also the relative under performance compared to mel may offer chance to close gap as well as the div being better
Yeap, agreed,
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Yes....pretty solid and as you say EBITDAF was projected at $350-$370m for FY19, (see page 3 of November 18 investor presentation) http://nzx-prod-s7fsd7f98s.s3-websit...112/290863.pdf and that forecast has now been been upgraded to $360m - $375m.
Dividend is up 1.8%, a continuation of their policy of increasing dividends each year to ensure they at least stay the same in real inflation adjusted terms.
Results Presentation here http://nzx-prod-s7fsd7f98s.s3-websit...140/295775.pdf
Disc: Happy holder for yield.
Last edited by Beagle; 27-02-2019 at 09:35 AM.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Originally Posted by boysy
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