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mighty river power

BusinessAugust 28

Writedowns, low generation behind Mighty profit decline

Mighty River Power's profit has tumbled 76% from a year ago, after the electricity generator-retailer booked one-off non-cash writedowns of $130million in exiting generation assets or developments.
BusinessFebruary 26

Mighty River operating earnings up 4% despite dry conditions

Mighty River Power overcame low hydro inflows and dry conditions to meet its early targets and report a 4% increase in operating earnings for the six months ended December.
Mighty River operating earnings up 4% despite dry conditions
Mighty River operating earnings up 4% despite dry conditions
BusinessJanuary 31

Political risk a key concern

Political risk remained a key concern for investors in Mighty River Power, Wanaka-based Logic Fund Management financial adviser Paul Gardner said yesterday.
Political risk a key concern
Political risk a key concern
BusinessOctober 9

Mighty River Power to buy back shares

Mighty River Power said it would buy back up to $50 million of its shares as part of its capital management plans.
BusinessAugust 28

Mighty River ahead of forecasts

The Government can breathe a sigh of relief after Mighty River Power yesterday reported financial results ahead of its prospectus forecasts, Craigs Investment Partners broker Chris Timms says.
Mighty River ahead of forecasts
Mighty River ahead of forecasts
BusinessAugust 19

Z listing may spur Govt Meridian worry

The successful listing yesterday of Z Energy is likely to cause some concern for the Government as it prepares to list Meridian Energy, the largest of its state-owned energy companies, in October.
Z listing may spur Govt Meridian worry
Z listing may spur Govt Meridian worry
BusinessJuly 24

Weather affects Mighty River hydro production

Dry conditions in the North Island resulted in Mighty River Power reporting in April its lowest monthly hydro production on record, the company said yesterday.
BusinessJuly 8

Asset sales funds for ailing SOE

The Government's tagging of $100 million to prop up ailing state-owned enterprise Solid Energy from the $3.5 billion Mighty River Power part-sale has been described by Labour as a ''cover-up gone wrong''.
Asset sales funds for ailing SOE
Asset sales funds for ailing SOE
BusinessJuly 5

Crown's accounts on an upward swing

The Government accounts continue to move closer to the black, helped in May by the partial sale of Mighty River Power.
Crown's accounts on an upward swing
Crown's accounts on an upward swing
NationalMay 20

Power plan too hard: PM

Prime Minister John Key believes Labour and the Greens will not actually follow through with their plan to radically reform the wholesale electricity market should they be elected to government.
NationalMay 20

Mighty River shares unveiled

The Government has set a price of $2.35 to $2.80 per share for the partial privatisation of Mighty River Power, the Minister of State Owned Enterprises, Tony Ryall, says.
Mighty River shares unveiled
Mighty River shares unveiled
BusinessMay 10

MRP success boost for next asset sale

The success yesterday of the Mighty River Power listing on the NZX would provide a huge boost for the next initial public offering coming to the market, Milford Asset Management senior analyst William Curtayne says.
MRP success boost for next asset sale
MRP success boost for next asset sale
BusinessMay 9

Strong institutional demand expected for MRP shares

Demand for Mighty River Power shares this afternoon is expected to come from New Zealand institutions that were scaled back in their requests and allocations.
BusinessMay 7

MRP float price will indicate extent of political damage

Demand is still expected to be keen for Mighty River Power shares but the pricing of the shares today will give the best indication yet of any damage inflicted on the partial float of the company by Labour and the Greens.
MRP float price will indicate extent of political damage
MRP float price will indicate extent of political damage
BusinessMay 3

Last-minute rush for MRP shares

Sharebrokers were yesterday reporting a last-minute flood of investor interest in Mighty River Power (MRP) shares before the offer closed at 5pm.
BusinessApril 24

Greed claim not well received

Sharebrokers were yesterday left seething after Green Party energy spokesman Gareth Hughes turned the debate into a proposed reduction of power prices personal by calling those opposing the plan greedy.
Greed claim not well received
Greed claim not well received
BusinessApril 23

Plan spooks some investors

Sharebrokers are reporting increased inquiries about Mighty River Power shares and some investors deciding to cancel their orders and get their money back.
Plan spooks some investors
Plan spooks some investors
BusinessApril 22

Spooked Mighty River investors off the hook

Jittery investors who have applied for shares in state-owned Mighty River Power have been given until midnight on May 1 to withdraw their applications if they think the Labour-Greens' new power policy could damage the value of their shares.
BusinessApril 14

Float opens today, May 10 listing likely

Shares for the controversial state-owned enterprise Mighty River Power (MRP) partial float go on sale from today, with expectations the company will list on the New Zealand stock exchange on May 10.
Float opens today, May 10 listing likely
Float opens today, May 10 listing likely
BusinessApril 5

Price range, loyalty offer announced

Mighty River Power is expected to list on May 10 with the indicative price range for the shares coming in at between $2.35 and $2.80 per share.
Price range, loyalty offer announced
Price range, loyalty offer announced
BusinessApril 4

Director 79% pay rise for 'risks'

News that fees for Mighty River Power (MRP) directors will rise more than 70% once the company is listed has Opposition parties calling foul.
BusinessMarch 20

400,000 Mighty River Power pre-registrations

More than 400,000 New Zealanders had pre-registered their interest in Mighty River Power shares by yesterday, as the Labour Party continued its criticism of the partial sell-down of the state-owned power-generation asset.
NationalMarch 18

Mighty River admits risk

Mighty River Power has admitted its investments in geothermal exploration in Chile could come to nothing, but believes it is worth the risk given Chile's massive geothermal resources and energy demands.
BusinessMarch 6

Float warning for novice investors

People who buy shares in Mighty River Power hoping to sell them quickly could face a delay of several weeks if they have never been to a broker before, an investment expert is warning.
BusinessMarch 6

Mighty River pre-registrations pass 100,000

More than 100,000 New Zealanders had pre-registered for shares in Mighty River Power at the latest count yesterday and brokers said interest remained high in the partial sale of the state-owned asset.