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Originally Posted by PartyPooper
With the Dividends today and the amount of MRP shares I've collected at 2.17. At the current share price I've finally broken even on my initial IPO investment if I sold tomorrow. Pretty happy at the moment hopefully once meridian is done the price may hold at 2.30 for awhile *fingers crossed*
But didn't the Greens convince us that power companies were making SUPERPROFITS?
Where's all the damn SUPERPROFITS?
Clearly we need a single buyer model......... Hahaha
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MRP has just announced a share buyback. Who picked that one?
http://www.mightyriver.co.nz/Media-C...k-program.aspx
Last edited by macduffy; 10-10-2013 at 09:11 AM.
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Originally Posted by macduffy
MRP has just announced a share buyback. Who picked that one?
Never saw that coming. Good use of cash, especially if there are insufficient IC's to fully impute.
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Will also reduce the 'bonus share' liability on those retail holders who sell. Incremental, but still saves a few bob.
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Another thought.......who will they buy the shares from ? Major holder is the government. 50:50 government and market ? Or just market ? If just market....then ratio of Government owned shares to public will alter. How would they determine price to buy from Government ?
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