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01-04-2015, 12:17 PM
#971
MELCA - Final day of trading: Tuesday, 29 April 2015
MELCA - Final quotation date: Tuesday, 29 April 2015
MEL - Quotation date: Wednesday, 30 April 2015
Record date: 5.00pm, Monday, 4 May 2015
Final instalment payment period opens: Wednesday, 6 May 2015
Final instalment payment due: Friday, 15 May 2015
So price dropping today because people dont want to have to pay extra?
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01-04-2015, 12:34 PM
#972
Just sold at 1.98 on the grounds that the extra payment will create plenty of selling pressure, and there should be opportunities to re enter more cheaply
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01-04-2015, 12:44 PM
#973
Bit silly really if the fall today is attributed to the announcement made today by the company as this information has been known now for more than a year.
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09-04-2015, 11:08 AM
#974
wonder if meridian lost the te wai point contract? its being offered around to other parties?
one step ahead of the herd
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09-04-2015, 11:10 AM
#975
El Toro~
I think its just punters selling down so they can pay their installment receipt due in May. Unless they've a leaky ship and half the market knows something we don't.....
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09-04-2015, 01:04 PM
#976
Originally Posted by dingoNZ
I think its just punters selling down so they can pay their installment receipt due in May. Unless they've a leaky ship and half the market knows something we don't.....
Looks like i sold at right time. There always likely to be a sell off before the instalments due, especially when was looking toppy anyway.
Decision now will whether to buy back in at some point
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09-04-2015, 05:28 PM
#977
Good call ratkin. I hope the SP keeps dropping, I want to double up on my IPO holdings.
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12-04-2015, 09:42 PM
#978
Divi time and SP oversold
Divi time next week, 15 May should crease a smile back on the faces of belligerent holders, especially those from the IPO. Another energy stock that's taken a beating lately. Sure some people will fold due to the instalment payments, some will be enjoying taking profits, but IPO stalwarts are well ahead and with the SP thoroughly oversold at these levels, good buying opportunity has emerged as well.
Attachment 7267
BAA
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12-04-2015, 10:08 PM
#979
I brought in at the IPO,and it was always my intention to pay the instalment,which I will do.
I congratulate Ratkin and others who sold foreseeing the instalment demand would shake out sellers.
Thank you for the Screen Shot.
I notice the sp at $1.85 is still ahead of the 200day EMA which is $1.72.
It is still my intention to keep my MEL shares in my long term portfolio.
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13-04-2015, 10:12 AM
#980
El Toro~
One would imagine those who paid the IS would be planning to hold for the long term, at a guess those profit taking would sell before the IS is due. Just my 2c. I will be buying back in just prior to it being due.
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