Quote Originally Posted by axe View Post
Why not hold all three? They are very diverse.

The generation mix.
The geographical split.
The generation / retail split.
I agree with your suggestion Axe, broadly for the three main reasons you list.
Although i continue to disagree with the Nats program of asset sales, & still consider the false economic reasoning offered by Key etc wrong & wilfully stupid, the political fact was that they were determined to do the whole thing, our pathetic system of government meant there was no way to stop them, and by differing mechanisms in each of the three floats investors have achieved much better yields than any bank (or as far as i know industrial bonds now on the market) are offering in at least the next 5 years, so it makes simply pragmatic sense to invest in each of the three electricity floats, for varying reasons.

How long to hold for is a separate calculation now for each of them. Their relative weighting in the portfolio also requires calculation, and willingness to rebalance sometimes.

Disc: Now holding MRP, MEL, & GNE, and now working on my exit strategy (possibly medium-term) for each of them; considering longer term hold also possible (esp MEL).