Wow...$2.16 today. Lots of water in the lake !
Wonder where the price might be if they weren't trying to support it ! ?
Hope they leave more on the table with Meridian for the punters.
Wow...$2.16 today. Lots of water in the lake !
Wonder where the price might be if they weren't trying to support it ! ?
Hope they leave more on the table with Meridian for the punters.
With a buy back underway, once this stock comes out from under its current selling pressure and starts to climb, it will soon settle into an upward trend, IMHO.
I'm watching daily with an expectation it will head north before it drops to $2.
BC
To foretell the future, one must first unlock the secrets of the past.
Is the weakest ever price explained by people selling MRP to rebalance their portfolio in light of the Meridian float or is the market sufferring fatigue from power company floats generally...and this on the day the American's announce they've sorted their B.S. for a while.
Doesn't bode well for the future of MRP's price in my opinion.
If people lose money on Meridian the Government will have to do a Macca's deal to float Genesis. (Buy one share get one free), or here's a novel idea, float the thing at a realistic price earnings multiple instead of being so bloody greedy.
Wow...$2.16 today. Lots of water in the lake !
Wonder where the price might be if they weren't trying to support it ! ?
Hope they leave more on the table with Meridian for the punters.
The buyback does not add that much support on a daily basis but over time it will soak up weaker hands. IMO the weakness is more to do with funds looking to swap to MEL and freeing up funds rather than over-allocating to power companies.
My guess is MRP will be $2.30 by the end of October.
MRP looks as if it is a well run company. It supplies electricity to the North Island. Its Geothermal generators run 24/7, supplying the base load. The Hydro dams on the river supply additional power when required. They are switched on and off.
A further factor for MRP is that it is not reliant on the Cook Strait Cable. Nor very long cable lengths to supply its customers.
Anything under $2.25 must be a 'buy'. Why it went to $2.17 today is beyond me.
MRP looks as if it is a well run company. It supplies electricity to the North Island. Its Geothermal generators run 24/7, supplying the base load. The Hydro dams on the river supply additional power when required. They are switched on and off.
A further factor for MRP is that it is not reliant on the Cook Strait Cable. Nor very long cable lengths to supply its customers.
Anything under $2.25 must be a 'buy'. Why it went to $2.17 today is beyond me.
The hog is trying to get this straight.
MRP is "well run". Opinion.
Supplies energy to NI. Yes.
Geothermal 24/7. Yes.
CS cable. Yes.
How does the above lead one to the conclusion that $2.25 is good value?
$2.15 close today says Mr Market disagrees with you.
The hog presumes you were lining up to soak up anything under $2.25 today?
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