Quick Labour-Greens power policy implementation possible, First NZ Meridian report says

Sun, 29 Sep 2013

By Pattrick Smellie Sept. 30 (BusinessDesk) – The main elements of the Labour and Green parties’ policies to reform the electricity market could be in place within a year or two, although ironing out the detail would take considerably longer, says First NZ Capital in a report on the Meridian Energy share float. The report values Meridian at $2 a share on a discounted cashflow basis, but says if Contact Energy and MightyRiverPower shares are a guide, Meridian shares would be likely to trade in a range between $1.43 to $1.60, reflecting investo...

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