Meridian dates

September 16th, 2013 at 4:59 pm by David Farrar

TVNZ report:

Meridian will be listed on the New Zealand and Australian stock exchanges on October 29, with an offer document set to be lodged with the Financial Markets Authority this Friday.

The offer document will include the price range, the price of the first instalment, the capped price of the second instalment and the expected yield.

It is expected that people will be able to apply for shares from September 30, with the general offer expected to close on October 18.

This will be followed by a book-build process, where institutions will be able to bid for shares.

see the Government making progress on implementing its election commitments. I look forward to investing in Meridian as I believe it to be a good solid long-term investment.

Tags: , ,

12 Responses to “Meridian dates”

  1. BeeJay (72 comments) says:

    Yahoo! You can count me in!! I can’t wait to add Meridian to our little portfolio.

    Vote: Thumb up 7 Thumb down 0 You need to be logged in to vote
  2. Paulus (2,607 comments) says:

    Me too.

    It would appear that the Referendum will not be necessary as all will be sold shortly, with AirNZ following before Christmas.
    No special legislation is needed for this one though as it is already a Public Company with Private Shareholders.

    What is the point of banning SOE sales when there will be nothing left to sell ?

    Waste $9,000,000 – yea the Labour/Greens would love it

    Vote: Thumb up 5 Thumb down 0 You need to be logged in to vote
  3. Rick Rowling (812 comments) says:

    Greebour value-destroying media campaign in 3, 2, 1…

    Vote: Thumb up 2 Thumb down 0 You need to be logged in to vote
  4. Yvette (2,779 comments) says:

    Since the Election, this is the second asset part sale on track.
    Meanwhile in the same timeline Labour has just selected their second Leader.
    Well Labour.
    Idiots.

    Vote: Thumb up 6 Thumb down 0 You need to be logged in to vote
  5. Tom Barker (136 comments) says:

    I think I’ll wait until I see how many taxpayer-funded sweeteners they throw in with the deal.

    Vote: Thumb up 2 Thumb down 0 You need to be logged in to vote
  6. mikenmild (11,247 comments) says:

    $30 million from us to Comalco might have exhasuted the sweetener budget Tom – time will tell though.

    Vote: Thumb up 2 Thumb down 1 You need to be logged in to vote
  7. Johnboy (16,059 comments) says:

    I won’t be buying this time. Not because MRP was $2.16 today but a wise man would not want to have to much tied up in Hydropower generators. Diversification is the word. I’m surprised that Bill and John can’t see this. Makes me wonder if they are as clued up as they would have us all believe. I’d have sold Air New Zealand next not Meridian! :)

    Vote: Thumb up 2 Thumb down 1 You need to be logged in to vote
  8. peterwn (3,243 comments) says:

    Johnboy – if things get too dire, shareholders can always volunteer to form a bucket chain from the tailrace to the lake.

    Vote: Thumb up 0 Thumb down 0 You need to be logged in to vote
  9. MikeG (425 comments) says:

    Good point re diversification Johnboy. The problem with Air NZ is that there’s probably more chance of major fluctuation in the share price long term, so the closer to the election the better to reduce the risk of a shareholder loss. They (Air NZ) are riding high at the moment so a fall in price is almost inevitable.

    Vote: Thumb up 0 Thumb down 0 You need to be logged in to vote
  10. bc (1,367 comments) says:

    Nothing against the asset sales, but I won’t be buying. Reasons:
    1) Mighty River price has dropped. Yes I know it’s a long tem investment yada yada, but I want returns now!
    2) Too much of a political hot potato. As much as we don’t want to think about it, there is a real chance of a Labour/Greens government in 2014
    3) Anything involving water can be suddenly be a treaty claim in the future.

    Vote: Thumb up 0 Thumb down 0 You need to be logged in to vote
  11. Tom Barker (136 comments) says:

    “$30 million from us to Comalco might have exhausted the sweetener budget…”

    This a resourceful and business-friendly government, Mike, and I have no doubt they can rummage around in the public purse if it will help make this offering conform to political expectations.

    Vote: Thumb up 1 Thumb down 0 You need to be logged in to vote
  12. Dirty Rat (383 comments) says:

    “I look forward to investing in Meridian as I believe it to be a good solid long-term investment”

    Are you offering financial advice to the public on your blog DPF ?

    You know you cant do that publically, your Government made it illegal

    Vote: Thumb up 0 Thumb down 0 You need to be logged in to vote

Leave a Reply

You must be logged in to post a comment.