Monday, September 22, 2014

GREAT NEWS

Great news for all those who had the sense to invest in Mighty River Power shares.   The past 18 months has seen them mired at between 20 and 30 cents below what we paid for them thanks entirely to the economic sabotage carried out by Labour, the Greens and Winston First.

No matter to them that their antics saw less raised from the float that might have been expected.    No matter to them that the loser was New Zealand.    No matter that the uncertainty generated by them saw the shares fall to well below their par value.

And now, 90 minutes into trading, their value has increased by over 8% jumping to $2.61.  Brilliant.   New Zealand has spoken and nationalisation of the industry is now off the agenda.    Should never have been there.      

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