Mighty River

[Brian d marge]

Afternoons with Jim , National radio

Oh this will be good ...

How much will the trough feeds ask for salaries ! ,,,oh,,,, because one must paid according to the market forces


My guess ...the electicity prices will go up !

Well done

Stephen

[oldrider]

Would you ever seriously post that your guess is that the price of electricity would be going down? :rolleyes:

[mashman]

Ahhh yes, the modern day "necessity" that's slowly going to become less affordable. Whilst I don't wish ill of those receiving the pay rise or indeed those who are going to fund whatever they're going to fund when the float comes a knockin, I hope that they come to realise what their "actions" are doing to joe pubic... having said that they'd need not be soulless bastards, so I'll not hold my breath.

[Jantar]

Would you ever seriously post that your guess is that the price of electricity would be going down? :rolleyes:

Well, the wholesale price has dropped 50% in the past 2 hours.

[AllanB]

Who gives a fuck? Don't like em change your power company and stop ya bitching child.

[Brian d marge]

Would you ever seriously post that your guess is that the price of electricity would be going down? :rolleyes:

Competition brings the prices down .................................................. ...........

Stephen

[Brian d marge]

Well, the wholesale price has dropped 50% in the past 2 hours.
Rio Tinto off line for repairs then?

Stephen

[Brian d marge]

Who gives a fuck? Don't like em change your power company and stop ya bitching child.

4 million - ( -1% of 4 million and you ) thats who give a fk

Stephen

[Brian d marge]

baaaa bbbbaaaaa baaaaaa ,maaaaaa


thank god for google translate

Stephen

[gammaguy]

ニュージーランド人は、彼らが値する政府を得る

[Jantar]

Rio Tinto off line for repairs then?

Stephen
No. The wind started blowing.

[puddytat]

Imagine how the share price would drop if someone dropped a transmission line....

[oldrider]

Competition brings the prices down .................................................. ...........

Stephen

Won't bring em down, they just don't rise as quickly relative to each other! :lol:

[Oscar]

Afternoons with Jim , National radio

Oh this will be good ...

How much will the trough feeds ask for salaries ! ,,,oh,,,, because one must paid according to the market forces


My guess ...the electicity prices will go up !

Well done

Stephen

So how much would you pay them?

[Brian d marge]

So how much would you pay them?

backbencher pay rates ( because the ones at the front ,,,yes , well)

dont give me that about penuts and monkeys , people have done more with less, charities for example

A fair days pay for a fair days work

Stephen

[Oscar]

backbencher pay rates ( because the ones at the front ,,,yes , well)

dont give me that about penuts and monkeys , people have done more with less, charities for example

A fair days pay for a fair days work

Stephen

145k - sounds reasonable.
And your argument on charities is only valid if you can name one that has the same assets and turnover as Mighty River Power.

[Ocean1]

145k - sounds reasonable.
And your argument on charities is only valid if you can name one that has the same assets and turnover as Mighty River Power.

And the same risks to the directors.

[98tls]

Went as far as registering for the shares,anyone else?

[mashman]

Went as far as registering for the shares,anyone else?

Yup.........

[Brian d marge]

ニュージーランド人は、彼らが値する政府を得る

yup they got what they voted for ...hehehehe

Stephen

[Brian d marge]

145k - sounds reasonable.
And your argument on charities is only valid if you can name one that has the same assets and turnover as Mighty River Power.

fk me

145 for a back bencher

dam where do I sign !

Stephen

[ellipsis]

...therein Trev, lies the truth...whether you choose to run with it or fuck with it is entirely in your acceptance of the rules... when is this ship moving and when is it's ETA...and dont forget to alter your clock...sweet dreams...

[Oscar]

fk me

145 for a back bencher

dam where do I sign !

Stephen

For the work that an MP has to do and the shit they have to take, that is not a lot of money.
I wouldn't do it for twice that.

And to use your previous expression, we do pay peanuts and have to suffer a lot of monkeys.

[Banditbandit]

We certainly did NOT pay peanuts to the people who ran Solid Energy ... but it seems we still got Monkeys ..

[Brian d marge]

For the work that an MP has to do and the shit they have to take, that is not a lot of money.
I wouldn't do it for twice that.

And to use your previous expression, we do pay peanuts and have to suffer a lot of monkeys.

agreed but thats the Job , some people put up with more crap at half the price

Its just self serving , self important people feathering thier own nest at the expense another

On my list come the revolution !


Stephen

[Oscar]

The irony here is that, as Directors of an SOE, these guys had very little responsibility compared to directors of private companies.
So their old salary for being an SOE director was a rort, but as Directors of a privatised entity (with much more oversight, responsibilities and penalties), they deserve every cent.

[doc]

On my list come the revolution !
Stephen

Bring it on

[Brian d marge]

Bring it on

kinky ... marks out of 10 for passion

8

Efficiency . 4

Stephen

[James Deuce]

145k - sounds reasonable.
And your argument on charities is only valid if you can name one that has the same assets and turnover as Mighty River Power.

Sanitarium. For example.

[Brian d marge]

Sanitarium. For example.

Sanitarium is a place where they put spent backbenchers

Stephen

[Oscar]

Sanitarium. For example.

Do they even have a board in NZ?

[SPman]

The most successful bank in the US, is the State owned Bank of North Dakota.

Its President and CEO earns ........ : $232,500
Chief Lending Officer: $135,133
Chief Administrative Officer: $122,533
Director of Student Loans of North Dakota: $91,725

The very existence of a successful Bank of North Dakota undermines Wall Street's claim that in order to attract the best talent big banks need to offer enormous pay packages. Yet somehow, North Dakota is able to find the talent to run one of the soundest banks in the country? The BND is living proof that Wall Street's rationale for sky-high executive pay is a self-serving fabrication.

http://www.truth-out.org/news/item/15435-why-is-socialism-doing-so-darn-well-in-deep-red-north-dakota

This self serving bullshit about paying peanuts and getting monkeys is just that - bullshit, put out by those who are on enormous salaries to justify their thieving from the shareholders!. More like - pay plantations and get self serving, sociopathic shitheads!

[Brian d marge]

The most successful bank in the US, is the State owned Bank of North Dakota.

Its President and CEO earns ........ : $232,500
Chief Lending Officer: $135,133
Chief Administrative Officer: $122,533
Director of Student Loans of North Dakota: $91,725

The very existence of a successful Bank of North Dakota undermines Wall Street's claim that in order to attract the best talent big banks need to offer enormous pay packages. Yet somehow, North Dakota is able to find the talent to run one of the soundest banks in the country? The BND is living proof that Wall Street's rationale for sky-high executive pay is a self-serving fabrication.

http://www.truth-out.org/news/item/15435-why-is-socialism-doing-so-darn-well-in-deep-red-north-dakota

This self serving bullshit about paying peanuts and getting monkeys is just that - bullshit, put out by those who are on enormous salaries to justify their thieving from the shareholders!. More like - pay plantations and get self serving, sociopathic shitheads!

Jim on national radio, read out one of me emails , its all self serving gobbledy gook fot the few to feather their nests

I noticed that he read it out ,quickly and between other email, almost to hide it

once u start taking money from , or debasing the man , he get bent right out of shape ,,,he dont like losing his monieze

Stephen

[James Deuce]

Do they even have a board in NZ?

Who cares. Their pwners are a registered charity and they pay no tax. They can lubricate their weetbix with marmite and shove up their rectum. Sanitarium products have been removed from my shelves and thrown out. I'm sick of profiteering arseholes taking the piss.

[Oscar]

Who cares. Their pwners are a registered charity and they pay no tax. They can lubricate their weetbix with marmite and shove up their rectum. Sanitarium products have been removed from my shelves and thrown out. I'm sick of profiteering arseholes taking the piss.

It occurred to me when you mentioned them that there was a whole new thread subject right there - the tax exempt status of religion.

[James Deuce]

It occurred to me when you mentioned them that there was a whole new thread subject right there - the tax exempt status of religion.
Any discussion just ends up in "that" thread. Even the history lesson bits.

[Brian d marge]

Any discussion just ends up in "that" thread. Even the history lesson bits.

the thread that shall be nameless , unlike the "Scottish play "

Stephen

[Banditbandit]

the thread that shall be nameless , unlike the "Scottish play "

Stephen

"Macbeth" ???? Or "Pointless Drivel " .. much the same thing really ..

[Banditbandit]

Four months after listing and some buyers still do not know how many shares they have purchased !!!!

http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11135851

And the compnay is saying "check your junk mail" .. somehow that seems appropriate ... Buyers might ask to pay the current stock exchange listing price ..

Would you buy a used power company from this Government ???

[oldrider]

Meanwhile they are still getting their substantial annual dividend from the company and they can still sell their shares when they get them!

Should be a better return than simply having their money invested with a bank! :yes:

[pete376403]

Meanwhile they are still getting their substantial annual dividend from the company and they can still sell their shares when they get them!

Should be a better return than simply having their money invested with a bank! :yes:

MRP share price since float:
http://www.findata.co.nz/Markets/StockQuote/NZX/MRP.htm


MRP share buyback

http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11137953

So if MRP buy back the shares at todays prices, some investors really would have been better off leaving the money in the bank

[oldrider]

MRP share price since float:
http://www.findata.co.nz/Markets/StockQuote/NZX/MRP.htm


MRP share buyback

http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11137953

So if MRP buy back the shares at todays prices, some investors really would have been better off leaving the money in the bank

Personal choice ... thems the risks and the breaks ... I left mine in the bank this time!

Share market is mostly long term ... short term is pretty dodgy, some know how to work it to their advantage ... I don't!

[Jantar]

The MRP offer price was too high when considering their planned plant refurbishment, the state of water storage in Lake Taupo and the projected returns. At the time I estimate that they were probably only worth around $2.10 per share, so didn't buy any.

With Meridian, I am buying as many as I can afford. ;)

[aprilia_RS250]

The MRP offer price was too high when considering their planned plant refurbishment, the state of water storage in Lake Taupo and the projected returns. At the time I estimate that they were probably only worth around $2.10 per share, so didn't buy any.

With Meridian, I am buying as many as I can afford. ;)

Plant refurb was already included in PFI estimates .... All contractual obligations, no cost blowout risk. Only risk was delays, which there were ~1m.

MRP is currently range trading. Hits a floor of about of about 217 and peels off after it hits 220 highs. +/- 5% here or there, good liquidity attracting loads of "day traders"...

Meridian I'd be careful with. Yes its the lowest cost generator but has a number of fundamental risks which overshadow it.If you look at earnings volatility its the highest out there... Their storage is very small. Also being a generator in the south and if anything goes wrong with the HVDC cable you've got 6m loss of earnings. Wholesale prices in the Nth Island rocket and MRP starts turning water into gold, along with Genesis and Contact.

[Jantar]

Plant refurb was already included in PFI estimates .... All contractual obligations, no cost blowout risk. Only risk was delays, which there were ~1m.

It may have been, in which case I missed it.


Meridian I'd be careful with. Yes its the lowest cost generator but has a number of fundamental risks which overshadow it.If you look at earnings volatility its the highest out there... Their storage is very small. Also being a generator in the south and if anything goes wrong with the HVDC cable you've got 6m loss of earnings. Wholesale prices in the Nth Island rocket and MRP starts turning water into gold, along with Genesis and Contact.

"Their storage is very small." Huh? They have the most storage of any generator in the whole country.

"....if anything goes wrong with the HVDC cable you've got 6m loss of earnings." There are 3 cables, not just one. But there are two poles. Pole 1 is now fully decommissioned, Pole 3 is now fully commissioned, and Pole 2 is going through the final stages of its control system tests. Its SRT test last week was successfull. Up till tis year there was a very real risk with the HVDC. That risk is now very small.

yes Meridian is exposed to high North Island prices, and they can hedge against that. The real risk to earnings is if there is a very dry year in the south and there is a lot of northerly wind generation in the Waiarapa. That causes the circuits south of Bunnythorpe into Wellington to constrain and results in high prices in the Wellington area. Meridian are then exposed in an area that they can't supply and can't hedge.

[Berries]

Also being a generator in the south and if anything goes wrong with the HVDC cable you've got 6m loss of earnings.
It'd be worth it though, just to watch the lights go out and all those latte machines turning off.

[Banditbandit]

I've seen all those latte shops in the Octagon ...

[oldrider]

The Cook Strait cables are a two way street these days .. what goes round comes round. :shifty:

[avgas]

The Cook Strait cables are a two way street these days .. what goes round comes round. :shifty:
What he said.

Both are safe bets for investment and dangerous bets for watching the power bill.

As for investing in either. If the investors win, NZ loses. If the NZ wins, the investors lose.
I see no good outcome. Unless you invest enough that your gains in dividends outway your losses in massive power bills.

I see the Oligarchs doing a buy-back with MRP. So you're fucked now NZ.

[Brian d marge]

What he said.

Both are safe bets for investment and dangerous bets for watching the power bill.

As for investing in either. If the investors win, NZ loses. If the NZ wins, the investors lose.
I see no good outcome. Unless you invest enough that your gains in dividends outway your losses in massive power bills.

I see the Oligarchs doing a buy-back with MRP. So you're fucked now NZ.
I've just bought a canoe ......

Stephen

I wish it would hurry up and go tits up ,,,,then we will see the fun police arrive

[Jantar]

The Cook Strait cables are a two way street these days .. what goes round comes round. :shifty:

Even better than that. From 3:00 to 3:30 am tomorropw (almost today now) Trans[power are testing the HVDC to control the North island frequency using a south Island generator. I'm disapointed I'm not on night shift for it.

Within the next week they will be testing control of the South Island frequency using a North island generator. I don't want to be on shift for that one.