Latest FromMeridian Energy Ltd
![NZX on 'breather' after stellar run](/pf/resources/images/placeholders/placeholder_l.png?d=792)
NZX on 'breather' after stellar run
Indigestion triggered by the size of the Govt's power company floats and investors wanting to take profits are being blamed for a fall in NZ's benchmark index.
![Meridian Energy hits at new post float low](/pf/resources/images/placeholders/placeholder_l.png?d=792)
Meridian Energy hits at new post float low
Meridian Energy's instalment receipts traded at another post-float low today after a number of factors - including regulatory risk - combined to work against the stock.
![Wind farm building runs out of puff](/pf/resources/images/placeholders/placeholder_l.png?d=792)
Wind farm building runs out of puff
The decade-long surge in big wind farm building in New Zealand is nearing an end with no new projects in the pipeline as the sector booms around the world.
![Voting begins in asset sale referendum](/pf/resources/images/placeholders/placeholder_l.png?d=792)
Voting begins in asset sale referendum
Voting begins today in a citizens-initiated referendum on whether the Government should sell part of its stake in power companies and Air New Zealand.
![Meridian Energy drops below issue price](/pf/resources/images/placeholders/placeholder_l.png?d=792)
Meridian Energy drops below issue price
Meridian Energy's instalment receipts fell below their issue price - in early afternoon trading today.
![Genesis harder sell: analysts](/pf/resources/images/placeholders/placeholder_l.png?d=792)
Genesis harder sell: analysts
The Government, fresh from the sale of shares in Mighty River Power and Meridian Energy, faces a harder sell when it comes to divesting a 49 per cent stake in the third and final power generator.
![Energy share float info criticised](/pf/resources/images/placeholders/placeholder_l.png?d=792)
Energy share float info criticised
The head of New Zealand's investment regulator has hit out at the Government's energy company sharemarket floats and says they have failed to lead the way in making it easier for retail investors to access information.
![NY bank has 3.98pc Meridian stake](/pf/resources/images/placeholders/placeholder_l.png?d=792)
NY bank has 3.98pc Meridian stake
Meridian says a New York bank owns just 3.98 per cent of the company - not the 8.1 per cent it said earlier.
![Market regulator calls for IPO clarity](/pf/resources/images/placeholders/placeholder_l.png?d=792)
Market regulator calls for IPO clarity
The FMA yesterday called on issuers of investment statements and prospectuses to "lift their game" after its report on the industry following its guidance note of June last year.
![Meridian share price closes higher](/pf/resources/images/placeholders/placeholder_l.png?d=792)
Meridian share price closes higher
The price of newly-listed Meridian Energy instalment receipts edged higher this morning.
![Optimism after Meridian listing](/pf/resources/images/placeholders/placeholder_l.png?d=792)
Optimism after Meridian listing
Analysts expect power company's stock to keep trading above its issue price after gaining 8% on first day.
![Meridian debuts on NZX](/pf/resources/images/placeholders/placeholder_l.png?d=792)
Meridian debuts on NZX
Meridian Energy's shares debuted at $1.08 after tepid demand in the initial public offering saw the stock sold at the bottom end of its indicative range.
![Meridian tipped to surge](/pf/resources/images/placeholders/placeholder_l.png?d=792)
Meridian tipped to surge
Share price expected to rise on first day but analysts are unsure of progress after that.
![Meridian float price fair - analysts](/pf/resources/images/placeholders/placeholder_l.png?d=792)
Meridian float price fair - analysts
Market players say Meridian Energy's initial public offer price is fair and reflects the lessons the Government has learned from its listing of Mighty River Power.
![Meridian float price sinks to lower end](/pf/resources/images/placeholders/placeholder_l.png?d=792)
Meridian float price sinks to lower end
The deal will raise $1.88 billion instead of the maximum $2.25 billion for the 49 per cent share, and values Meridian at $3.84 billion.
![Labour + Greens hurt share float - Govt](/pf/resources/images/placeholders/placeholder_l.png?d=792)
Labour + Greens hurt share float - Govt
The chances of the Govt raising $5 billion to $7 billion from its partial assets sales is looking dimmer after details of No 2 sale, Meridian, were announced last night.
![Meridian sale raises $1.88b](/pf/resources/images/placeholders/placeholder_l.png?d=792)
Meridian sale raises $1.88b
Meridian shares will be issued at a listing price of $1.50, the bottom of the indicative range, and with a much smaller investor pool than the government had hoped for.
![Mighty River could affect Meridian price](/pf/resources/images/placeholders/placeholder_l.png?d=792)
Mighty River could affect Meridian price
Sources said the Meridian general offer could attract up to $280 million which, when taken with the broker allocation of $565m, could see up to $850m out of the $1.25 billion offer in retail ownership.
![Stock Takes: Good signs on last day of Meridian offer](/pf/resources/images/placeholders/placeholder_l.png?d=792)
Stock Takes: Good signs on last day of Meridian offer
Closing day for the Meridian offer, the Vector media blackout, Diligent and Abano.
![Brian Fallow: Meridian political risk takes shine off power](/pf/resources/images/placeholders/placeholder_l.png?d=792)
Brian Fallow: Meridian political risk takes shine off power
People contemplating investment in Meridian Energy shares need to think long and hard about political risk, writes Brian Fallow.
![Stock Takes: Research overload](/pf/resources/images/placeholders/placeholder_l.png?d=792)
Stock Takes: Research overload
Potential investors in Meridian Energy have plenty of reading material.