Genesis Energy

The New Zealand government has now released the final pricing details for the third and final cab off the rank in a series of sales of state owned energy companies. The latest is Genesis Energy which is New Zealand’s largest electricity and gas supplier.

We previously covered both the floats of Mighty River Power and Meridian and advised sitting them out. We however believe that there are a number of important differences with the Genesis Energy float which could potentially make it a more attractive offering. We believe that the structure of the offer is more appealing with investors now having clarity on price before applying. The assets behind Genesis are also different in makeup, with more exposure to thermal energy in particular. Furthermore, the company is more diverse in terms of customer base and revenue streams. Read more.

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

PF - Details of Interim Results Webcast
Scott Secures NZ$18 million in Global Contracts for Protein
January 14th Morning Report
AFT - NEW YEAR LETTER TO INVESTORS
TruScreen Invited to Present WHO AI Collaboration Meeting
January 13th Morning Report
January 10th Morning Report
January 9th Morning Report
FCG - Migration to NZX Main Board
FSF - Application to delist FSF from ASX has been submitted