Do they even have a board in NZ?Originally Posted by James Deuce
Curmudgeon
Do they even have a board in NZ?
Forum whore
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/1...d-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!
“- He felt that his whole life was some kind of dream and he sometimes wondered whose it was and whether they were enjoying it.”
Royal Enfield user
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
"Look, Madame, where we live, look how we live ... look at the life we have...The Republic has forgotten us."
Forum whore
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.
If a man is alone in the woods and there isn't a woke Hollywood around to call him racist, is he still white?
Curmudgeon
It occurred to me when you mentioned them that there was a whole new thread subject right there - the tax exempt status of religion.
Forum whore
Any discussion just ends up in "that" thread. Even the history lesson bits.
If a man is alone in the woods and there isn't a woke Hollywood around to call him racist, is he still white?
Royal Enfield user
the thread that shall be nameless , unlike the "Scottish play "
Stephen
"Look, Madame, where we live, look how we live ... look at the life we have...The Republic has forgotten us."
Anarchic Wild Child
"Macbeth" ???? Or "Pointless Drivel " .. much the same thing really ..
"So if you meet me, have some sympathy, have some courtesy, have some taste ..."
Anarchic Wild Child
Four months after listing and some buyers still do not know how many shares they have purchased !!!!
http://www.nzherald.co.nz/business/n...ectid=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 ???
"So if you meet me, have some sympathy, have some courtesy, have some taste ..."
Just faidin away!
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!
Forum whore
MRP share price since float: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!
http://www.findata.co.nz/Markets/StockQuote/NZX/MRP.htm
MRP share buyback
http://www.nzherald.co.nz/business/n...ectid=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
it's not a bad thing till you throw a KLR into the mix.
those cheap ass bitches can do anything with ductape.
(PostalDave on ADVrider)
Just faidin away!
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!
Night rider
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.
Time to ride
Highway Biker
Plant refurb was already included in PFI estimates .... All contractual obligations, no cost blowout risk. Only risk was delays, which there were ~1m.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.
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.
Night rider
It may have been, in which case I missed it.
"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.
Time to ride
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