Another Good Quarter for Mercury
Mercury NZ continued its good form with another solid quarterly result, driven by stronger wholesale electricity prices and above-average hydro generation volumes. For the September quarter, we estimate energy margin has grown by low-single digits from the same quarter last year. Mercury outperformed most peers in fiscal 2016, and its good run is continuing. We make minor changes to our earnings forecasts and maintain our NZD 3.10 fair value estimate. At the current price of NZD 2.96, Mercury tr...Mercury NZ is engaged in the investment, development and producing of electricity from renewable and other energy sources, selling of energy and energy related services and products to retail and wholesale customers. As of June 30 2013, Co. had 388,000 electric customers.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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