Asset sales

[Oscar]

I don't see a problem with asset sales. They didn't exactly hide it in their election campaign.

National is trying to reduce New Zealand's debt. Freeing up SOE's also gives locals a chance to buy into a stable investment. And perhaps get New Zealanders away from the house market and investing in businesses as they should be.

I'll happily scrounge together the money to buy shares in the SOE's.

He's also being a good guy and doing things he wouldn't have to, setting up loyalty schemes for New Zealanders, the Treasury is actively trying to get as many locals investing as possible.

So how about you just buy a few thousand dollars worth instead of bitching about a right wing government committing right wing actions.

I'm with you - it isn't like we weren't warned, National made it a campaign issue from the start.

Personally, whereas I think strategic assets should be under Govt. control, I don't see why they have to hold 100% of the value. I’ll be queuing up to buy some shares.

[Akzle]

funny. and here i was thinking that being STATE OWNED enterprises and y'all being subjects of the state, that you mighta already owned em.
something to do with taxation and whatnot...
fool be me eh.

or maybe y'all are state owned too. maybe this is just fucken hilarious watching idiots pay for things twice. (and being taxed on both purchases)

[Oscar]

funny. and here i was thinking that being STATE OWNED enterprises and y'all being subjects of the state, that you mighta already owned em.
something to do with taxation and whatnot...
fool be me eh.

or maybe y'all are state owned too. maybe this is just fucken hilarious watching idiots pay for things twice. (and being taxed on both purchases)

NZ has run deficits for a majority of the time between 1960 and now.
We own fuck all.

[pete376403]

I haven't seen the Green Party comment but what you've reported they've said is not logical. It isn't money and any private company can give shares away if they like, and frequently do (usually to employees).

they're a crown-owned asset which the current government (who ever it may be) is not the owner, merely the custodian.

[Brian d marge]

NZ has run deficits for a majority of the time between 1960 and now.
We own fuck all.

yes but the game plan changed .

Stephen

[Brian d marge]

I'm with you - it isn't like we weren't warned, National made it a campaign issue from the start.

Personally, whereas I think strategic assets should be under Govt. control, I don't see why they have to hold 100% of the value. I’ll be queueing up to buy some shares.

A 400 % increase in the cost of electricity production ( Man on national radio said the other day , 17% for water and 400 for electricity ........)


Not sure if you can see the problem ..but,, how about Acc ,,,suddenly we were told the ACC was broke ,,,and the rego went up ..... it wasnt and didnt have to , ( national forewarned us about that !) ,,,ALL because of ideals ( yes , Treasury and a compliant government )

they will open them up to local investors then international IF the profits are there ,( in NZ usually too small ~ ) but one or two greedy locals will do well , Fletchers, Brierleys or who ever it was before

This New right Theory is a load of hogwash , and doesnt / hasn’t worked , just makes most people unhappy and a few rich ...

Honestly I dont care what you think , but by NOT DOING ANYTHING you are screwing it up for a lot of people , ( Higher prices , lack of services , Jobs!) and That aint right


Stephen

[Oscar]

they're a crown-owned asset which the current government (who ever it may be) is not the owner, merely the custodian.

Er.. the point of selling them is to put 49% in private hands.

[Oscar]

A 400 % increase in the cost of electricity production ( Man on national radio said the other day , 17% for water and 400 for electricity ........)


Not sure if you can see the problem ..but,, how about Acc ,,,suddenly we were told the ACC was broke ,,,and the rego went up ..... it wasnt and didnt have to , ( national forewarned us about that !) ,,,ALL because of ideals ( yes , Treasury and a compliant government )

they will open them up to local investors then international IF the profits are there ,( in NZ usually too small ~ ) but one or two greedy locals will do well , Fletchers, Brierleys or who ever it was before

This New right Theory is a load of hogwash , and doesnt / hasn’t worked , just makes most people unhappy and a few rich ...

Honestly I dont care what you think , but by NOT DOING ANYTHING you are screwing it up for a lot of people , ( Higher prices , lack of services , Jobs!) and That aint right


Stephen

I am doing something.
I'm going to buy as much of the shares that Govt. is offering as I can afford.
And I could care less what you think - particularly when everything you've written above is unsubstantiated, left wing rubbish.

Classic example - "electricity up 400%".
Sez who?
Over what period?
Why?
Do you believe everything you hear on National Radio?

[Oscar]

yes but the game plan changed .

Stephen

How?
We've never lived within our means, so what's changed?

[slowpoke]

I am doing something.
I'm going to buy as much of the shares that Govt. is offering as I can afford.

To join those Facebook shares?

Why would you buy shares in our assets? What makes them a good investment? Their growth prospects are poor (population based) which means the only way to increase revenue/value is to either reduce costs or increase prices. The former means that service and infrastructure will suffer and the latter means we're financially screwed. If you live in NZ there is absolutely no upside to this transaction........'course it's a lil' bit different if you're a foreign investor and don't give a shit about the general populace of NZ.

It is just incredibly short sighted to sell off profitable assets that over time will generate many times the $$$/benefits of any short term debt reduction.

If Don-Key is so sure of his mandate why doesn't he conduct a simple referendum that isn't clouded by the multitude of issues arising during a general election? Because he knows there is huge public resentment and he'd probably lose....yet he's pushing ahead. What a fine gentleman he is.....

It is a basic tenet of Government that you provide and secure essential services for the community, if they aren't up to the job they should never have contested the election.

[mashman]

Why would you buy shares in our assets?

Cheaper electricity

[Winston001]

Contact is a company created by the NZ government in 1996, owning various hydro dams (Clyde, Roxburgh etc). It was sold to the public at $3.15/share.

An electricity producing business. Hydro dams. A valuable part of the family silver. And a 100% sale too, not 49%.

So how has this chunk of family silver fared since then? Electricity generator, gotta be a killer investment, quasi-monopoly after all. Indeed at one stage Contact were getting ginormous spot prices overnight of $250/MW.

Hmmm.. . todays share price 16 years later is $4.78.

That is a 2.5%pa growth rate over 16 years. A dog. An absolute dog. In the same time money in the bank has grown at least 6%pa (interest rates used to be 9%+). If you'd held on to a classic bike, it would have gained more value.

Contact is a sound and clear guide to the fortunes of electricity companies. Yes we need the stuff but there is no guarantee the generators can produce it profitably. So selling 49% of Meridian etc might yet turn out to be very canny as their dams and plants age and crack. Nothing lasts forever.

[Brian d marge]

How?
We've never lived within our means, so what's changed?

Seriously ..just keep typing i couldnt provide evidence of a true idiot, than you yourself have provided, though each and every thread you have contributed to

some would assume you to be a troll , me ,.,,,I am sad , sad that my grand father was killed in Al alamien (sp) , my family home in east london was flattened ,,,,,we borrowed how much from the Americans ?

no if there is a " revolution " sorry but stupidity isnt an option,,,,, you have wasted your life ( well done ,,you hero )

Stephen

[Brian d marge]

I am doing something.
I'm going to buy as much of the shares that Govt. is offering as I can afford.
And I could care less what you think - particularly when everything you've written above is unsubstantiated, left wing rubbish.

Classic example - "electricity up 400%".
Sez who?
Over what period?
Why?
Do you believe everything you hear on National Radio?

you are an idiot

Just pay your Acc, water , oh and the wonderful telecom ,,,oh and hows about an education ,,,,,just pay it and dont complain

tx1138

Stephen

as for the 400 % it was a normal guy / group ..like u and I ,,who ACTUALLY monitored the changes ...no body really ,,,not like u or I who studied and ACTUALLY know ,,....

[Oscar]

you are an idiot

Just pay your Acc, water , oh and the wonderful telecom ,,,oh and hows about an education ,,,,,just pay it and dont complain

tx1138

Stephen

as for the 400 % it was a normal guy / group ..like u and I ,,who ACTUALLY monitored the changes ...no body really ,,,not like u or I who studied and ACTUALLY know ,,....

I would be an idiot if I accepted your childish rantings without proof.


You pull a figure like 400% out of your arse and expect everyone to agree with you?
Over what period?
Which provider?
Do you think that if the figure was true over any recent period, there might have been a wee bit of a backlash?

Oh, I forgot, you heard it on National Radio, so it must be true.
Back to your paddock, little sheep...