A share broker wrote to David Shearer and Russel Norman thanking them for sabotaging the Mighty River Power float because it would enable him to buy more shares.
He said one of the unfortunate consequences of the LabourGreen power play was that it was putting off first time investors.
They’d been prepared to dip their toes in the investment market with MRP but the uncertainty in the wake of the LabourGreen sabotage was putting them off.
So are MRP shares still a good buy?
I’m not qualified to give financial advice and wouldn’t presume to tell anyone else what to do with their money but I’ll be putting some of mine in MRP.