Not even sexy Jeremy Wells can make Meridian look like a good buy

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With the fizz turning flat from the Mighty River Power champagne now the stock has fallen below its IPO, how much money can the Government lose by now selling Meridian?

Seeing as the Government have blown $100m in just advertising the first asset sale which led to less than 3% of the population buying shares in public assets we once all owned, our thoughts turn to how Key and his filthy corporate friends can hack off and mutilate our next energy producing infrastructure.

How do National lie about this next sale? They can’t use the good old ‘mum and dad’ investor line as it is now abundantly clear that didn’t happen. They can’t pretend it’s amazingly popular when only 113 000 of the 440 000 registered bought shares and they can’t ensure the unregulated market that props up their vast profit gouging will exist beyond the next Government.

The real killer for Meridian will be this winter. If you think it’s cold now, imagine the freeze in your heart when the power bill comes after Key has privatized the energy companies.

National had the audacity to claim Labour and the Greens plan to regulate the energy companies was ‘economic vandalism’, which is hilarious when you consider the out right hate crime Key is committing to the NZ economy by selling the assets in the first place.

The children who will live in the shadow of astronomical power prices will ask their parents how this happened and what will their parents say?

2 COMMENTS

  1. I can remember watching the news, I believe last year, in the House Key joked about the Facebook float. Rather amusing now how he’s responsible for his own Facebook-esque float with MRP.

  2. Was cold-called from Meridian this morning touting for business. They say they can hold their prices until 2015 and give a better deal than the company I am already with, in fact would ‘customise’ it in my favour. I see this as an exercise in getting the numbers up prior to their selling out. Be aware this sort of thing is going on people.

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