Mighty River Power share offer
#16
Forum Regular
Joined: Feb 2012
Posts: 87
Re: Mighty River Power share offer
$2.50 with private investors getting on average 80% of that applied for (larger private investors will be scaled down).
For stags he most interesting quote I've seen is from SOE Minister Tony Ryall who said ....."The demand from institutional investors was strong, and bids from both New Zealand and offshore institutions were scaled considerably...". If he's not lying (and he is a politician) then that ought to indicate a decent premium on opening day.
For stags he most interesting quote I've seen is from SOE Minister Tony Ryall who said ....."The demand from institutional investors was strong, and bids from both New Zealand and offshore institutions were scaled considerably...". If he's not lying (and he is a politician) then that ought to indicate a decent premium on opening day.
#17
Re: Mighty River Power share offer
Glad I didn't stay in on that. Looking back actually I don't think it was worth the risk in retrospect, if I'm to scrounge through another government shit offer it'll have to be better value.
With the high NZD you'd have to be mad not to be looking at offshore investments at the moment, it's all gravy out in the real world .
With the high NZD you'd have to be mad not to be looking at offshore investments at the moment, it's all gravy out in the real world .
#18
BE Enthusiast
Joined: May 2010
Posts: 526
Re: Mighty River Power share offer
Glad I decided not to buy! ... There was only one way they were going to go once Genesis decided to invest.
Last edited by Robbie2010; May 27th 2013 at 6:48 am.
#22
Re: Mighty River Power share offer
Could be a play here on 'lecky though if National can keep in office for another term. Much pricing is assuming that the Lab/Greens plan will cheapen supply but I think if they lose next term they'll shred their manifesto and head towards the center.
Not MRP though, you can do better (I expect it'll bounce as price stabilizes and funds buy in buy this is not yet a value proposition IMO).
Not MRP though, you can do better (I expect it'll bounce as price stabilizes and funds buy in buy this is not yet a value proposition IMO).
#24
Re: Mighty River Power share offer
Staged a little recovery and now back at $2.18.
Will be interesting to see what the Meridian sale might look like in terms of value.
Will be interesting to see what the Meridian sale might look like in terms of value.
#25
Forum Regular
Joined: Jul 2013
Location: Upper Hutt, New Zealand
Posts: 99
Re: Mighty River Power share offer
It's interesting that the gummint has struck a deal with the Aluminium Smelter regarding power supply for a period of (if memory serves) 4 years.
This, just before the share float of Mighty River - a major power supplier.
Also interesting is that the deal does not include any safeguards for the continuity of the Smelter workforce and seems to have been solely designed to keep the share float an attractive proposition to the public.
So, we have now seen Warner Bros dictating our domestic employment policy (and to hell with the workers) and we now have Rio Tinto screwing the greedy Nats so the share float will not be de-valued and let the workers take their chances that they will continue to be employed.
Up the Revolution!
Pete
This, just before the share float of Mighty River - a major power supplier.
Also interesting is that the deal does not include any safeguards for the continuity of the Smelter workforce and seems to have been solely designed to keep the share float an attractive proposition to the public.
So, we have now seen Warner Bros dictating our domestic employment policy (and to hell with the workers) and we now have Rio Tinto screwing the greedy Nats so the share float will not be de-valued and let the workers take their chances that they will continue to be employed.
Up the Revolution!
Pete
#26
Re: Mighty River Power share offer
Government supporting the price with a buy-back.
Good game though, for every share they sold at 250 but buy back at 225 they make 25 for treasury. In some ways it makes sense to buy back at any price under 250.
Good game though, for every share they sold at 250 but buy back at 225 they make 25 for treasury. In some ways it makes sense to buy back at any price under 250.