
Mighty River price fall fear
The controversial Labour-Greens electricity market policy which has knocked 6 per cent off the value of Contact Energy has probably reduced the price the Government will get for Mighty River Power.
The controversial Labour-Greens electricity market policy which has knocked 6 per cent off the value of Contact Energy has probably reduced the price the Government will get for Mighty River Power.
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Nick McDonald on a few things to consider before investing in Mighty River shares.
The past few years have seen some successful floats in New Zealand - notably Summerset, Trade Me and the Fonterra Shareholders' Fund.
Market players are divided over whether a bubble is forming around booming New Zealand tech stocks.
Half of those who intended to invest in Mighty River Power have changed their minds or are reconsidering, according to a Shareholders Association poll.
Both opposition parties will be hoping enough potential investors turn off the pending float so they can declare it a disaster, writes Fran O'Sullivan.
Investors should still consider buying into the Mighty River Power float despite the increased regulatory risk from Labour's proposed shake-up of the electricity market, according to one analyst.
Labour says its plan to bring down power prices is affordable despite losing out on state-owned power company dividends.
The Government says it won't be able to say how many people have applied to buy shares in Mighty River Power until after the offer period has closed.
The proof will be in the pudding for the Government next week as the Mighty River Power share offer officially opens to the public on Monday. It's hard to know how many of the 440,000 people who pre-registered will buy shares.
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I can't get excited about the Mighty River share float either as an investor or as an economist, writes Peter Lyons. NZers are being given a chance to buy shares in businesses that all of us already own.
Diligent Board Member Services faces breaching listing rules after the stock exchange regulator refused an application to waive its use of an American auditor.
More than 400,000 people have pre-registered their interest in buying Mighty River Power shares before the process closes at 5pm on Friday.