Quite a few people are saving their pennies at the moment
knowing that Mighty River Power is coming up for partial sale soon. The word is
that Government is very keen for this to be a success and although the shares
will not be given away cheap (neither they should!), they should represent good
buying.
I have heard from various people that the price will be at a
level that will give a dividend yield of 6% and some have even said 7%. Given
where interest rates are at the moment that would represent fairly good value.
The company is not without risk (what is?) but a company that provides green,
renewable energy should be in demand. It will depend on price but you should be
ready to buy some shares …
The latest version of my book on Family Trusts is now in the
shops. This is the 7th Edition and reflects many of the changes that
have happened (and are happening) to Family Trusts. This book has now sold
120,000 copies. It was first published in 1995 and it was quite a battle to get
it published - three publishers turned it down before Shoal Bay Press (David
Elworthy and Ros Henry – bless them) agreed to publish it.
There are new articles on my web site at www.martinhawes.com about buying a
first home. The article in the Sunday Star Times this weekend is on Financial
Advisers.
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