Meridian shares will list at $1.50 which is at the bottom of the government’s indicative range and some of the blame for that can be laid on the threat of the LabourGreen power policy:
. . . Numerous factors combined to force down the price of Meridian shares. Chief among these were market fears that a Labour-Greens government, if elected next year, will gut electricity company profits to deliver large price cuts; and ongoing uncertainty about the long term future of the Tiwai Point aluminium smelter. . .
The Labour and Green parties have cost the country in opposition.
They’ll cost us all lots more if ever they get into government.