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Thread: Meridian Shares

  1. #41
    Join Date
    Jun 2004
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    10,415

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    Quote Originally Posted by Glenn View Post
    Too true but the same idiots were still in charge and just played out a tragedy as if they suddenly knew what they were doing.
    Actually of my 27 years in the company the Telecom (both SOE and private company) were the best times for me and were my easiest environment to operate in.
    Unfortunately there was a lot of fear and many of the nice people either turned nasty or were frog marched off the premises.
    Obviously a different experiance to my 37 years (and counting) in NZPO (state), TCNZ (SOE), TNZ (private), Spark (private).
    No nastiness in Christchurch, no frog marching.


    As for holding up the generators as good examples. What they are doing is identical to Telecom. Creating a mean lean machine which enhances it value. Meridian is going to hand back cash to the shareholders. This will reduce the dividend liability and enhance the value of each share. Nothing ever follows exactly the same path so the hard call is for us shareholders is the judge when to leap from the moving boat onto the wharf.
    If a company is making good coin and they have nothing better to do with the proceeds they should give it back to the shareholder.
    Look at the difference between the treatment (in the market) of Contact and Meridian.
    The generators were set up by the Govt of the day and left to become a good business - enhancing the shareholder value. They did this well (though I don't agree with how they did it (revalue and justify raising prices under the regulation of the day) they did what they were supposed to do).
    The Crown makes a poor owner when they start to interfere - when they use the business for other purposes.
    Like in the good ol' days when unemployment would come down because NZPO and MOW were told to employ more.

  2. #42
    Join Date
    May 2004
    Posts
    2,808

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    Quote Originally Posted by Wayne View Post
    For a start they didn't have a mandate.
    Elections are fought across a number of issues - not just one - so to say a win gives you a mandate for all you mentioned during the campaign is just silly.
    Surveys clearly showed the public didn't want asset sales and we (the tax payers) could be said to down the tubes for $2.5billion. ......
    Disagree. They campaigned very specifically on asset sales and became the government. It was front and centre of the campaign. Of course a lot of people disagreed then and now with some of what they proposed and are now doing. In fact they may well have lost votes because of the asset sales policy. But nobody was going to die not knowing what the asset sales proposal was.

    The anti asset sales people and groups spent a lot of time and money on their cause, at least partly because they saw votes in it, especially re reducing power bills. So voters were - or should have been - up with the play on both sides of the argument.

  3. #43

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    Quote Originally Posted by artemis View Post
    Disagree. They campaigned very specifically on asset sales and became the government.
    Yep.
    "Mum and Dad kiwi investors at the front of the queue"
    Conveniently omitting to add; "but only to hand out small amounts however, because we must reserve plenty for off shore fund manager mates."

  4. #44
    Join Date
    Jun 2004
    Posts
    10,415

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    All water through the dam now.
    I am richer because of it and NZ Inc is poorer.
    More's the pity.

  5. #45

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    Excellent news

    Tiwai Pt deal done with Meridian
    Had Meridian pulled out of any deal with the smelter, or its owners decided to close down, a glut of cheap electricity could have come onto the market, leading to a possible fall in wholesale prices.
    Prospects of this happening anytime soon now appear unlikely.

  6. #46
    Join Date
    Feb 2014
    Posts
    146

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    Quote Originally Posted by speights boy View Post
    "When are you going to grow some balls and invest in property ?"


 

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