Blog Archives

Share details set, left decide to be wrong

Image by Robert Linder Source

This evening, the Government has announced the final details of the Mighty River Power share offer, which will be officially listed on Friday. The share price is going to be $2.50, and about 113,000 share packages are being purchased. It will create about $1.7 billion for the Government. Read the rest of this entry

State Owned Enterprise IPO announcement – some good, some bad

Image sourced from stock.xchng

This afternoon, we’ve seen the announcement from Prime Minister John Key on what the Government intends to do on the sale of Mighty River Power after the Waitangi Tribunal requested the Government delay the IPO of SOEs so they can be given time to make a final decision regarding Maori Water Rights. They also mentioned the possibility of giving iwi “Shares Plus”, effectively meaning that these iwi would have the right to be involved with the decision making process when it comes to certain issues. Read the rest of this entry