MEL - Meridian Energy

**bull....** · 12-02-2019, 04:35 PM

Originally Posted by Beagle

Wholesale bond rates have fallen and with the economy fairly weak speculation is on that the RBNZ is looking at an interest rate cut from the already very low level of 1.75%.
The companies are doing well and Contact listed its dividend policy yesterday from 80-90% of free cash flow, (mid point 85%) to 100% of FCF.
In a very uncertain world the stability, highly defensive properties and yield of the power companies looks like a safe harbour and with gross yields of up to 7.5% inclusive of partial imputation credits I am sorry Couta1 but I think the rising share prices are a perfectly logical response to changing market and economic circumstances.

Disc: I have recently added to my investment in MEL and opened up a modest position in CEN yesterday. The gentailiers offer a safe harbour in a very uncertain world.

what about gne not own anymore? its paying the highest yield of all gentailers

**couta1** · 12-02-2019, 04:38 PM

Originally Posted by bull....

hgh, tra lol both in downtrends all the others up trends stocks go up for a reason and down for a reason

Each to their own, I buy all trends except stocks I consider are overvalued.

**Beagle** · 12-02-2019, 04:39 PM

Originally Posted by bull....

what about gne not own anymore? its paying the highest yield of all gentailers

Yes I still have gne and am also looking for an opportunity to add more, (probably not today).

**percy** · 12-02-2019, 05:00 PM

Originally Posted by couta1

Each to their own, I buy all trends except stocks I consider are overvalued.

Hard to disagree with you,however GNE,MEL and SPK have treated me very well .
Added to my HGH and TRA divies I am a happy chappie.
MEL are my power supplier,so it means I don't worry about the power we use.[not that we use much].

**bull....** · 13-02-2019, 09:53 AM

Originally Posted by percy

Hard to disagree with you,however GNE,MEL and SPK have treated me very well .
Added to my HGH and TRA divies I am a happy chappie.
MEL are my power supplier,so it means I don't worry about the power we use.[not that we use much].

mel standout performer up 17% + divs last 6mths im thinking the other gne , mcy need to play catchup as mel is really out performing

**boysy** · 13-02-2019, 04:36 PM

Spot prices been fairly solid today at over $300/Mwh since this morning wouldn’t want to be paying spot prices that’s for sure .... looking forward to a great 1H result wonder if they might up that interim divi more than mr market expects .....