Should i buy genesis energy shares

Should i buy genesis energy shares

Author: feed11 Date of post: 21.07.2017

The partial sale of Government-owned assets was targeted at raising cash for its coffers but was also aimed at bringing fresh blood and money to the sharemarket.

With Genesis now on the chopping block we've taken a look at the previous asset sales of Mighty River Power and Meridian to see how they have stacked up for those mythical mum and dad investors the National Government needed to buy in to give the sales an everyman gloss.

We haven't looked at Air New Zealand as these shares were sold to brokers; mums and dads were already able to buy Air New Zealand shares before the Government floated another 20 per cent of the national airline. Mighty River Power IPO price: One loyalty share per 25 shares held for two years.

Mighty River Power kicked off the Government's contentious partial asset sales programme floating on the New Zealand stock exchange, the NZX, on May 15 In the lead up to the float investors' appetite for energy company shares was strong. A website set up to take registrations of interest crashed from a glut of hits after the Government announced a sweetener to the deal.

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The sweetener came in the form of "loyalty" shares. Kiwi-based investors in MRP were eligible for one additional share for each 25 shares purchased - up to a maximum of bonus shares - if they held onto MRP stocks for 24 months. MRP saw giddy pre-registration numbers withindications the electricity generator and retailer would appeal to mums and dads. What transpired fell short withnew shareholders jumping into bed with the Government on May The plummeting interest was largely blamed by the Government and share brokers on some well-targeted politicking by Labour and the Greens, or economic sabotage depending on your point of view, who introduced the spectre of a central price-setting agency putting a choke-hold on the industry.

The number of Kiwi mums and dads who bought in to MRP despite the uncertainty is almost impossible to measure with accuracy but there were a number of first time share buyers who purchased MRP.

Remember, encouraging new investors into the market was a key plank of Prime Minister John Key and co's argument in favour of the partial asset sales.

Announcements - Genesis Energy Limited (GNE) - Australian Stock Market - InvestSMART

NZX statistics show 76, new common share numbers CSN were created for the MRP sale. Common share numbers are unique numbers allocated to shareholders to identify them. Clearly some mum and dad MRP shareholders would have already had CSNs, and some may have had duplicate CSNs produced if they failed to note an existing number on their share application, but new meat on the market buying MRP was significant.

And how have the first time investors fared? The new meat is possibly feeling a bit tenderised from the share price post float.

Apart from a rapid bump immediately after the offering, when institutions cashed out at what turned out to be a never seen again peak, MRPs share price has relentlessly tracked down. To get the maximum amount of freebie shares an investor needed to purchase MRP stocks.

Dividends are basically a share of a company's profits paid out to its owners - its shareholders. MRP paid a 7.

Imputation credits are credits given to shareholders for tax the company has paid essentially on your behalf since you are a partial owner of the company. The credit makes sure you are not double paying tax on the company's profits. What's important to know about imputation credits is that they mean more money in the hand for you.

Bonus shares and further dividends are coming your way. MRP announced on February 26 it would pay an interim dividend of 5. The Government stayed clear of forex ee retail investors bonus shares and instead went for a down payment plan.

Arguably the 'put money down pay the rest later' and low share price strategy failed to best binary options brokers for usa investor nerves. A total of 62, invested in the media friendly energy company. While demand was strong and broad based, overall we saw fewer retail investors bidding for larger parcels of shares. Meridian's debut aped the performance of MRP - there was post-float flurry - then the share price swiftly headed south.

Meridian will be paying its shareholders dividends later this year but there are no freebie shares coming your way if you hold onto the stocks. The company has announced an interim dividend of 4. Meridian shareholders will be praying the market thinks the shares are worth the full price, or maybe more. Putting the numbers aside, unless you are day trader who sits at home trying to catch and ride waves of market volatility or you are going to sell your shares, the share price from day to day doesn't affect you except perhaps mentally.

Shares like those of infrastructure assets and energy companies have traditionally been seen as long-term plays so you buy and hold. And collect dividends along the way. Aussie bankers drug colleague with valium and laxatives in attempt to discredit him. Naive to think people will just keep coming to New Zealand. This is the best city to be a renter, according to Trade Me figures. Dick Smith back on Trade Me following 'revival'. Bauer's Australia boss quits, replaced by New Zealand CEO, after Rebel Wilson defamation case.

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should i buy genesis energy shares

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GEL Stock Price - Genesis Energy L.P. Stock Quote (U.S.: NYSE) - MarketWatch

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should i buy genesis energy shares

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should i buy genesis energy shares

Aussie bankers drug colleague with valium and laxatives in attempt to discredit him Naive to think people will just keep coming to New Zealand This is the best city to be a renter, according to Trade Me figures Dick Smith back on Trade Me following 'revival' Bauer's Australia boss quits, replaced by New Zealand CEO, after Rebel Wilson defamation case Thousands with mental health conditions stuck on benefit for years Queenstown bar turns to lollipops and soundproofing to appease hotel neighbours Christchurch office hangover as most developments completed West Auckland shopping centre sold to property fund Passengers set to pay as Uber introduces tipping and fees for keeping drivers waiting Wanaka water sports building gets nod from Environment Court Warehouse trials merger of its general and stationery chains AA says underlying costs don't justify petrol price fall Mental health, addiction and disability support apprentices get slice of funding boost.

Hunt for water blasters whose mistake contaminated Kaiapoi home with asbestos MP Todd Barclay goes but PM Bill English still trying to find his footing Man dies in Hamilton warehouse accident Prince Philip hospitalised as 'precautionary measure' Live: State of Origin II - NSW Blues v Queensland Maroons State Services Commissioner defends embattled health official against 'inappropriate' attacks Body found in Nelson house destroyed by fire Auckland karaoke taxi offers a party on the way to the party Kim Kardashian responds to blackface accusations PM confirms Todd Barclay told him about secret recording What the hell is 'gorpcore' and why will it be all over Glastonbury?

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