I’m so confused about the Mighty River Power share float. According to the “market specialists” the loony left have sabotaged it and scared off all the Mums and Dads!…
Opposition power plan stifling MRP share takeup
Markets specialists are predicting the uptake in buying shares in Mighty River Power will be lower than the Government hoped.
It’s thought potential first-time investors have been scared off by political and legal efforts to block the sale – by activists, the Maori Council, and Opposition parties.
Peter Sherwin from Grant Thornton says in particular action by opposition parties who are looking to return the electricity sector to state control will have had an impact…
But according to “investment sources” the Mums and Dads have been flocking in…
‘Heavy’ interest in Mighty River Power shares
Mighty River Power looks set to have the widest shareholding of any New Zealand publicly listed company, surpassing that of Fletcher Building, Contact Energy and Auckland International Airport, once the Government’s partial sale of the power generator and retailer is complete, investment sources said.
No data was available as to the number of applications for shares in the state-owned enterprise lodged by deadline today, but a source close to the transaction said interest had been “heavy”.
Since the “investment sources” are dealing with the actual process it sounds to me like the “market specialists” are telling big fat whopsie lies. But why? Why oh why would they want to tell lies about the effects of the Labour / Green electricity policy? I just can’t work it out…
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