MCY - Mercury Energy

[Shareguy]

Nice upgrade

https://www.nzx.com/announcements/471299

[Shareguy]

Well we have hit $7 and that's with an increasing interest rate environment and the threat of regulation. Hm..

[Shareguy]

Better than expected says Craig's

The FY26 result and FY27 guidance were in-line on the EBITDAF front, but declared and guided dividends (17cps v 15cps for FY26 bringing total FY26 DPS to 27cps and 29cps guided for FY27) have surprised to the upside and the bottom end of the FY30 EBITDAF target range has been lifted by $50m (now $1.2bn-$1.25bn). Underwriting much of this target is that FID has now been reached on the Mahinerangi 2 wind farm, and at a remarkably low build cost of $2.6m/MW (peers are commonly in mid-high-3's.)