MightyRiverPower, Meridian’s utility characteristics miss Fisher’s growth criteria

MightyRiverPower, Meridian’s utility characteristics miss Fisher’s growth criteria
July 31 (BusinessDesk) – MightyRiverPower and Meridian Energy’s utility-style earnings and regulatory risk mean they fail the investment criteria for Fisher Funds’ managed Kingfish, according to the NZX-listed equity investor’s quarterly newsletter. Kingfish didn’t participate in the government’s selldown of MightyRiverPower, whose shares are trading below the $2.50 sale price “and is unlikely to participate in the pending float of Meridian,” according to the newsletter from Fisher Funds Management managing director Carmel Fisher and senior p...