MNW - Manawa Energy

[RTM]

Yeah I don’t know if a DRP is likely given the two largest shareholders, but they’ve mentioned the dividend policy is going to be reviewed with a view to align this with their new business model.

Hard to know what that meant. Had to look further back in the announcement to see what an IPP was. When I did...well, I really wasn't much wiser.

[Filthy]

IPP = Independent Power Producer. Assume this is because they are not a public owned (or part owned) 'Gentailer'

[huxley]

Spark sign PPA with GNE


https://www.nzherald.co.nz/business/...MSDAVQVAY3DHA/

[bottomfeeder]

Trading Halt! Any ideas? Hope it's a takeover hope it's not a liquidation, haha, oh no.

[huxley]

Interesting that IFT has not been put in a trading halt.. maybe the trust is selling out?

[bottomfeeder]

Interesting that IFT has not been put in a trading halt.. maybe the trust is selling out?

Or taking it to100%. But good point, will keep an eye on IFT.

[bottomfeeder]

No movement on IFT SP.

[Southern Lad]

Trading Halt! Any ideas? Hope it's a takeover hope it's not a liquidation, haha, oh no.

Are they exposed to the very high spot electricity prices we are seeing this week?

Interesting that the trading halt request hasn't been released as yet.

[huxley]

Manawa has requested this trading halt to allow it to reconsider its earnings outlook, which is
likely to be lower than the earnings guidance announced to the market on 20 May 2024 as a
result of:
(1) the likelihood that a provision will be necessary as a result of the uncertainty regarding
recovery of a customer receivable; and
(2) adverse market conditions in the wholesale energy markets.

https://www.nzx.com/announcements/435775

[bottomfeeder]

Not good news!