10-31-2015, 07:48 AM
Any Canadians thinking about purchasing Hydro One when they list it on TSX November 5? They said it's going to be around $19-21 price range and a return of about 4%/year.
For those of you who are not familiar with Hydro One, it's basically a public utility asset (largest power supplier in Ontario; owns 97% of province's transmission capacity) and the government is planning on selling 15% of its ownership every year for the next 4 years (60%). I think it'd be a great investment. Not sure if the IPO price will remain at those range though.
For those of you who are not familiar with Hydro One, it's basically a public utility asset (largest power supplier in Ontario; owns 97% of province's transmission capacity) and the government is planning on selling 15% of its ownership every year for the next 4 years (60%). I think it'd be a great investment. Not sure if the IPO price will remain at those range though.