
Stock Takes: Good signs on last day of Meridian offer
Closing day for the Meridian offer, the Vector media blackout, Diligent and Abano.
Closing day for the Meridian offer, the Vector media blackout, Diligent and Abano.
It is deliciously funny to see befuddled Green Party politicians advocating policies that subsidise precisely what they want to discourage, writes Jamie Whyte.
Shares in Mighty River Power gained 5c today after the company announced that it would buy back up to $50 million of its shares - 6 months after it was listed.
People contemplating investment in Meridian Energy shares need to think long and hard about political risk, writes Brian Fallow.
The newly floated state owned power company Mighty River has announced a $50m share buyback plan - less than six months after it was partially privatised.
The Government's deficit shrank to $4.4 billion in the year to June, the smallest it has been for four years.
Potential investors in Meridian Energy have plenty of reading material.
Editorial: The Green Party has called the Government's bail-out of Solid Energy "privatisation by stealth". Would that it were so.
Independent research house Morningstar has come out in favour of the upcoming Meridian Energy float, saying it is likely to appeal to long-term investors seeking yield.
After having its "for sale" sign removed when it almost collapsed this year, state-owned coalminer Solid Energy will be partially privatised in a restructuring deal.
Labour's new leader, David Cunliffe, is having something of a dream run, writes Brian Rudman. For nearly a month, the party's leadership roadshow dominated the political news headlines.
Prime Minister John Key has confirmed the Citizens Initiated Referendum over asset sales will take place in late November and early December this year.
The Government says there has been strong early demand for its Meridian share offer, which opens today.
Close to half of the Meridian share offer has been claimed by New Zealand retail investors ahead of the offer opening tomorrow.
Meridian Energy's IPO is all about political risk.
The Government has driven a harder bargain in setting the fees for selling up to 49 per cent of Meridian Energy.
The Shareholders Association has welcomed a move by the stock exchange to help fund independent research on the Meridian Energy sharemarket float.