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How to buy Mercury shares (MCY)

We’ll show you how to buy Mercury shares on the NZX.

Mercury NZ Limited logo

Mercury is an electricity generator and retailer that uses 100% renewable energy sources. Shares in the company (MCY) are available on New Zealand’s Exchange (NZX) and the Australian Securities Exchange (ASX). Keep reading for step-by-step instructions on how to buy Mercury shares on the NZX.

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How to buy shares in Mercury on the New Zealand Exchange

  1. Compare share trading platforms. If you’re a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table. Most importantly, you need to find a share trading platform that allows you to trade on the NZX.
  2. Open and fund your share trading account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Mercury. Find the stock by name or ticker symbol: MCY. Research its history to confirm it’s a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Mercury reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimise risk through the market’s ups and downs. You may be able to buy a fractional share of Mercury, depending on your share trading account.
  6. Check in on your investment. Congratulations, you own a part of Mercury. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

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Mercury overview and background

Formerly known as Mighty River Power, Mercury NZ Limited generates electricity from 100% renewable sources. It runs nine hydro stations on the Waikato River, five geothermal stations on the North Island, and a solar farm and R&D centre. A wind farm at Turitea is also in the process of being built.

Shares in Mercury are listed on both the Australian and New Zealand stock exchanges, and the New Zealand Government holds a 51% shareholding in the company. Mercury’s headquarters are in Auckland.

Performance and company results

Mercury released its 2021 interim report, with results for the six months ended 31 December 2020, in February 2021. Key results in the report included:

  • EBITDAF of $294 million (an increase of $36 million)
  • Net profit after tax of $130 million (an increase of $47 million)
  • Operational expenditure of $87 million (down $7 million compared to the previous corresponding period)
  • Total capital expenditure of $148 million (up $54 million)
  • An interim dividend of 6.8 cents per share

Key details

NameMercury NZ LimitedIndustryUtilities-Renewable
Ticker symbolMCYISINNZMRPE0001S2
TypeOrdinary sharesDate listed on NZX10 May 2013
End of financial yearJuneChief executive officerVince Hawksworth
Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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