
Mai Chen: Amber light flashing over sales
The unresolved issue of Maori water rights may yet have an impact on Mighty River's future operating costs.
The unresolved issue of Maori water rights may yet have an impact on Mighty River's future operating costs.
If you don't have a broker, you may not be able to sell Mighty River shares quickly, says one fund manager.
One hundred thousand kiwis have now pre-registered for a stake in Mighty River Power as massive public interest puts pressure on the share sale website.
Prime Minister John Key says the rush on pre-registration for Mighty River Power shares is a reflection of the interest in the float but he will not speculate on whether there is a danger it will be over-subscribed.
The Mighty River Power share offer website was this afternoon buckling under the weight of hits.
Market players are anticipating strong demand for the Government's partial float of Mighty River Power.
John Key has had a great time telling journalists how he won the office bet on the outcome of the Supreme Court's hearing into the Maori Council water rights claim.
Dame Sian Elias and fellow judges of the Supreme Court made a remarkable declaration of confidence in you and me and our adherence to a constitution this week.
Although it takes some swallowing, the Prime Minister's insistence that there was no plan B had the Supreme Court blocked the part-sale of Mighty River Power has to be taken at face value.
The Supreme Court has dismissed the appeal by the New Zealand Maori Council to block the Mighty River Power partial privatisation.
Mighty River Power experienced 12 per cent growth in sales in the three months to December 31.
Market players are picking a bumper year for new sharemarket listings on the back of strong sharemarket gains and investor appetite for equities.
The Prime Minister was never more wrong last year than when he declared the Government could ignore a recommendation of the Waitangi Tribunal.