MEL - Meridian Energy

[winner69]

Think Norman was raving on about it on the TV One news at 6 .... wasn't really paying attention

[ScrappyO]

Have you got a link to that announcement?

it was on one news.

[blackcap]

so the greens want to keep the next instalment. At least it's not another negative I suppose.

What do they mean, keep the next installment? So people hold partly paid shares in perpetuity?

[couta1]

What do they mean, keep the next installment? So people hold partly paid shares in perpetuity?

Sounds correct blackcap holders will continue to get full dividends while the Greens pay your 2nd instalment for you but you will only ever be able to sell your instalment receipts, sounds like a typical Green Party idea!!!

[ScrappyO]

http://www.scoop.co.nz/stories/PA131...blic-hands.htm

[Harvey Specter]

http://www.scoop.co.nz/stories/PA131...blic-hands.htm

Sounds fine to me, it is an optional, proportional share back.

Devil will be in the detail but it cant be worse that IFT latest attempt.

[Master98]

What do they mean, keep the next installment? So people hold partly paid shares in perpetuity?

My understanding is Green want shareholders to sell part of their shares to government at current fully paid shares price ( at record date )to pay their second installment 50cps,or you can choose to pay second installment to retain all your partial paid shares.

[okane]

Re-Nationalisation by stealth? Jesus, just make it worse for our investing image will ya Wussell?!?! getting compared to Pakistan not good enough for you? lets go for Afghanistan eh?

Why do you call him "Wussell"? Is it because greens have an association with homosexuality? To my mind a lisp has a stronger association with the British aristocracy, who are usually right wing.

The most prominent politician with a lisp in New Zealand is Rodney Hide, again a conservative not a liberal.

[robbo24]

Sounds fine to me, it is an optional, proportional share back.

Devil will be in the detail but it cant be worse that IFT latest attempt.

So the communists are going to hold to ransom the price of MEL by threatening their electricity purchasing policy, then act like good guys for buying it up cheaply - what a crock.

[Harvey Specter]

Wrong. The govt is still rock solid with a low debt to income ratio.

The rest of NZ though (excluding govt) has borrowed too much.

I did say COULD. We borrowed a lot for CHCH and if something else major happened, we would be thankful for selling assets at their peak to reduce debt.

Imagine if all those quakes in Seddon were a bit further north :0