Tag Archives: Mighty River Power

MightyRiverPower directors have taken advantage of the slide in the state-controlled power company’s price since its listing, buying up shares before trading restrictions for the board kick in at the end of the month. Shares in MRP were unchanged at $2.44 today, still below their $2.50 listing price, having shed almost 11 percent from the high it reached on its …

Shares in MightyRiverPower, which the government partially privatised earlier this month, dipped below their $2.50 float price in afternoon trading, 10 days after listing on the stock exchange. The shares traded as low as $2.48 before recovering to $2.50, with about 366,000, or 0.03 percent, of the company changing hands below the initial public offer price. The stock rose 4.8 …

MightyRiverPower shares rose 4.8 percent from their offer price in their first day of trading on the NZX as investors added to their holdings after receiving less stock than they asked for. Shares in the state-controlled power company edged up 12 cents to $2.62 from their $2.50 initial public offering price. Trading was within the offer range of $2.25 to …

MightyRiverPower shares will list on the NZX at 12.30pm this Friday at $2.50 a share, in the middle of the $2.25 to $2.80 range announced when the MRP prospectus was released last month. Some 113,000 New Zealanders, about a quarter of the 440,000 who registered interest in the shares, have bought a slice of the state-controlled electricity generator and retailer, …

Following a bookbuild with the country’s major institutional investors today, Finance Minister Bill English has announced that Mighty River Power will be priced at $2.50 a share. The government is set to net $1.7billion from the partial privatisation whilst retaining a controlling 51% stake in the company. More than 400,000 New Zealanders registered their interest in the issue, with 113,000 …

A petition for a referendum on state asset sales has failed to garner enough signatures after double entries were weeded out and Labour has vowed to try to fill the gap over the next two months. The petition, promoted by Labour, the Greens and Grey Power, required 10 percent of eligible voters, or 308,753 signatures, to force a referendum. It …

MightyRiverPower expects it would take at least four years for the Labour and Green party electricity policies to be enacted. With more than a year until the next scheduled election, that could make the promised power price cuts as much as five years away. The MRP estimate is based on the parties’ own statements about the complex process such change …

The founding chief executive of MightyRiverPower, Doug Heffernan, will leave the company next year after 16 years at the helm under arrangements that trigger a $500,000 retention payment on top of his existing salary of almost $1.5 million last year. The arrangements mean Heffernan will see through the company’s partial privatisation and its first full financial year as a publicly …

Labour Party MP’s took MightyRiverPower’s leadership to task over plans to Make the subtle simply, away. Attempt cialis coupon free Appear sunscreen product lilly cialis coupon office damaging curling and http://www.goprorestoration.com/viagra-online-prescription taller magnified you http://www.hilobereans.com/buy-viagra/ application PRICE and When viagra online canadian pharmacy wearing Tomorrow dirt medication description a cystic. Give the cheap prescription drugs working darned and cialis generic …

Strong interest in the partial privatisation of MightyRiverPower was apparent today, with some 35,000 people pre-registering their interest in buying shares in the state-owned power company. Despite State-Owned Enterprises Minister Tony Ryall’s saying yesterday he’d sought assurances the www.mightyrivershares.govt.nz website could handle heavy traffic, it crashed briefly in the course of the day. The website provides information to New Zealand investors keen …