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Thread ID: 135072 2013-09-21 11:03:00 Meridian shares anybody? Nomad (952) PC World Chat
Post ID Timestamp Content User
1354005 2013-09-21 11:03:00 Now that Might River Power shares have been done, anyone into this one :lol: Nomad (952)
1354006 2013-09-21 11:27:00 Oops. Mod - please put this into the chat area :thanks: Nomad (952)
1354007 2013-09-21 21:15:00 Nope don't agree with it so not buying into it gary67 (56)
1354008 2013-09-21 22:49:00 While it's still on wrong section. Yes we will be taking up the offer.

Noticed our o/s debt to be $190 billion, is this where all our mone to build power stations etc. came from, o/s debt, if so, this is what the float should be paying back into.

We really are a third world country with a debt like that.

Lurking.
Lurking (218)
1354009 2013-09-22 07:03:00 Lurking, if I may ask, how much are you looking at investing?

Also, as for debt... You've got it wrong. Debt is a first world phenomenon, not a third world one.
Cato (6936)
1354010 2013-09-22 23:19:00 Lurking, if I may ask, how much are you looking at investing?

Also, as for debt... You've got it wrong. Debt is a first world phenomenon, not a third world one.

Same as for MRP $3,000.00 and hopefully the same for the rest.

Our son has the rest of our share investments, had to put them out of the reach of WINZ to get the most out of under age wife's super, which wasn't a great deal less anyway, just the inconvience of completing an annual return of income.

Hope this is not picked up by the "spy agency".

The O/S debt more than likely paid for all NZ assets anyway.

Lurking.
Lurking (218)
1354011 2013-09-23 09:37:00 I'm no expert. Mighty River looked odd to me because they will borrow money in the next two years to pay dividends. Now, accountants will explain this is perfectly valid but to me it looked risky and plain silly. Plus MRP seemed to be expensive.

Meridian on the other hand looks cheap. In fact it is an incredibly good deal - pay only 60% of the price but get the dividends, which are a 13% return. However the share price may drop as dividends are paid. Who knows.

Electricity companies are solid safe boring investments. The variables are rainfall and government intervention. The problem for any government though is no matter how much they intervene, they cannot generate more power. In fact intervention persuades power companies to hunker down and do nothing new.
Winston001 (3612)
1354012 2013-09-23 23:11:00 Do these shares require a tax return, or are they pre-taxed? Not sure how the share system works. Pato (2463)
1354013 2013-09-23 23:23:00 You will have to declare any dividends for tax, as it is income. So yes, a tax return will be required. Richard (739)
1354014 2013-09-23 23:33:00 You will have to declare any dividends for tax, as it is income. So yes, a tax return will be required.OIC. Thanks. Pato (2463)
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