A TVNZ poll matches the results of the TV3 poll on whether people would buy shares in the asset sales. Only 50% say they definitely have $1,000 to spare to buy what they already own. Only 13% say they would “very likely” use that money to buy those shares. Hardly the ‘vast majority’. Most of us would end up dispossessed.
If and when the sale of Meridian Energy happens, watch for National to crow at the number of investor information packages it sends out. When that happens, remember that in the QR National float they sent out a million packs but only 80,000 people ended up buying shares.