Stock Takes: Research overload
Potential investors in Meridian Energy have plenty of reading material.
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.
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.
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.
The Government has loaned stricken state owned coal miner Solid Energy $100 million as part of a restructuring package announced this morning.
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 Government is still working through the best way to sell down its stake in Air New Zealand but says it will be a faster sales process than the power companies.
The Government's decision to move earlier than signalled on the Meridian Energy float shows there is positive interest in the float but pricing will remain key
The Government has today announced a timeline for the Meridian float, in which it hopes to raise around $2.3 billion.
Treasury advised the Government not to pay the owners of the Tiwai Point smelter to keep the business running, documents released this afternoon show.
Prime Minister John Key said yesterday that the School Journal would continue despite the decision to close the state-owned enterprise that produced it.
If history is any guide, the upcoming referendum on the sale of state owned assets will achieve a huge vote in favour of no more sale.
Prime Minister John Key says the asset sales referendum will be an "utter waste of money" and the sales process could be completed before it is held.
Investors in soon-to-be-floated Meridian Energy could receive a net dividend yield of up to 6.8 per cent, based on analyst valuations.