Asset sale protests!

[Oscar]

Wow, you got it Bad !!

So if you dont pay Tax you should get some MORE money from the Government, thats our problem, gravy train free loading !!

Love the Filthy Rich comment, sheesh you got to be joking !

I love use of the BRT bogeyman..
In actual fact, the incentive offered to private investors, along with an almost certain cap on the amount of shares per investor is causing corporate investors to back away from Mighty River. Kiwi Saver Fund managers have also been critical that they haven't been offered the incentive.

The idiots in today's Harald have also indulged in scare tactics by calculating the cost of the bonus scheme to $112 per taxpayer. The fuckwits assumed that all shares would be bought by private investors...sheesh, are there any actual proper journos left in this country?

[oneofsix]

I love use of the BRT bogeyman..
In actual fact, the incentive offered to private investors, along with an almost certain cap on the amount of shares per investor is causing corporate investors to back away from Mighty River. Kiwi Saver Fund managers have also been critical that they haven't been offered the incentive.

BRT wont buy direct, they will wait on the small investors to sell up when the initial price drops, if they buy at all. But BRT to make a good example of corporate greed boogey men, even got the good ole tax payer to bail them out when their investment decisions turn to shit.

The idiots in today's Harald have also indulged in scare tactics by calculating the cost of the bonus scheme to $112 per taxpayer. The fuckwits assumed that all shares would be bought by private investors...sheesh, are there any actual proper journos left in this country?

No. Real journos might scare us and we might get off our collective arse and turn revolting.

[Oscar]

BRT wont buy direct, they will wait on the small investors to sell up when the initial price drops, if they buy at all. But BRT to make a good example of corporate greed boogey men, even got the good ole tax payer to bail them out when their investment decisions turn to shit.

Notwithstanding the fact that the BRT itself doesn't/can't actually buy any shares, could you explain how, even if one corporate gets their hands on the whole offering in three years, how does it control a company with 49% of the equity when the govt owns 51%?

You guys aren't liable to let the facts get in the way of a good scary story, are you?

[oneofsix]

Notwithstanding the fact that the BRT itself doesn't/can't actually buy any shares, could you explain how, even if one corporate gets their hands on the whole offering in three years, how does it control a company with 49% of the equity when the govt owns 51%?

You guys aren't liable to let the facts get in the way of a good scary story, are you?

Shit no, facts are boring and you are neglecting the 'big business controls the government' conspiracy, silly boy. Also do you really think the govt will hold at 49% and why restrict the timeline to 3 years?

[Oscar]

Shit no, facts are boring and you are neglecting the 'big business controls the government' conspiracy, silly boy. Also do you really think the govt will hold at 49% and why restrict the timeline to 3 years?

According to the BRT Bogeyman theory, all the Mum & Dad investors will bail out after three years when they collect their incentives.

If the Govt. wanted to maximumise its return it would sell 100% of Mighty River Power in one go. Selling 49% is putting off the overseas corporate raiders and reducing the price shitloads...

[puddytat]

Notwithstanding the fact that the BRT itself doesn't/can't actually buy any shares, could you explain how, even if one corporate gets their hands on the whole offering in three years, how does it control a company with 49% of the equity when the govt owns 51%?

You guys aren't liable to let the facts get in the way of a good scary story, are you?

If its a foreign owned company for example they can use the WTO laws against us if they disagree with the majority claiming that its hurting their bottom line....whats the difference between them & a tobacco company?

[Oscar]

If its a foreign owned company for example they can use the WTO laws against us if they disagree with the majority claiming that its hurting their bottom line....whats the difference between them & a tobacco company?

Jeebus, you're buying right into the conspiracy thang, ain't you?
Would you care to show us what part of the WTO allows them to do that, or is one stupid comment a day your limit?

[Brett]

Ah Labour speak for "we have no clue so we shall make some shit up the scare the common folk".

I must be one of the "rich pricks" that people like you keep harping on about, and if that is so, then fuck me the country is broke.

I for one will be buying some shares in the SOE, a good investment for what I can see so far.

I certainly agree with you. I too will be buying all the shares I can afford, especially in the power co's.

[Brett]

I'm scraping together all the money I can to buy into these shares. Need to build a good portfolio, and no better age to start then ASAP. Especially with such stable investments.

I imagine these partial sales will bring lots of New Zealanders who have never bothered with shares to finally start investing. NZ has terrible stock investment rates compared to most western countries...

And also a good incentive for many to have less of a focus on property investment!

[Brett]

Good luck with that. Telecom looked a solid investment when it first floated too.
NZ stocks have a terrible record of the CEO etc getting out with the money while the ma and pa investor loses their house, car and shirt.

Big difference between a Telco and a power company though. Communications was always going to face increased competition (especially given that the unbundling of the cables was inevitable...) however our demand for electricity is only ever increasing. As we are making more energy efficient devices, we are simultaneously using MORE devices. Without any new technologies on the horizon capable of commercial electricity generation that is more cost effective than what we currently have (or at least that I am aware of...) those existing power companies are going to have a reasonably good demand going forward.

[oldrider]

Left wing country? and you call yourself "oldrider"? Have you forgot Sir Rob, Sir Keith Jacka et al. Used to be at least 3 terms Nat, one term Lab, then at least another 3 term Nat.
You be seeing reds under your bed, time to raise your head.

Hmmm, didn't think much before that emotional response did you!

Sir Rob, the worst socialist this country has ever known ... subsidising farmers with outrageous taxpayer funded SMP's! (Supplementary minimum price payouts)

The only right wing government in that time was the 1984 Labour government ... didn't last long but was exceptionally effective while it lasted!

From the first Labour government to today the socialist mentality has grown and grown in this country, driven by the State controlled education system!

Simply means more and more (state control) government monopoly, interference in personal lives and less and less individual freedom and responsibility!

[oneofsix]

Hmmm, didn't think much before that emotional response did you!

Sir Rob, the worst socialist this country has ever known ... subsidising farmers with outrageous taxpayer funded SMP's! (Supplementary minimum price payouts)

The only right wing government in that time was the 1984 Labour government ... didn't last long but was exceptionally effective while it lasted!

From the first Labour government to today the socialist mentality has grown and grown in this country, driven by the State controlled education system!

Simply means more and more (state control) government monopoly, interference in personal lives and less and less individual freedom and responsibility!

The only emotion I invested was humour.
You calling Sir Rob socialist will have his dancing cossacks spinning in their graves. He was very nearly the closest thing we had to Senator McCathy.
However you are correct that the Act subset of the 1984 Labour government were right wing and didn't Rogernomic serve us unwell?

[Oscar]

The only emotion I invested was humour.
You calling Sir Rob socialist will have his dancing cossacks spinning in their graves. He was very nearly the closest thing we had to Senator McCathy.
However you are correct that the Act subset of the 1984 Labour government were right wing and didn't Rogernomic serve us unwell?

Actually the old fella is correct.
Muldoon's control of every aspect of the economy would have made Joe Stalin jealous.

[mashman]

Top job as it is about time people stopped thinking that housing is a be all and end all of investing for one's future.

Hell that makes me larf. Housing investment is absolutely unavoidable. The population is growing, there is a housing shortage (supposedly), people will always figure that they'll spend X on rent and if that X equals a mortgage payment, they'll get a mortgage. Someone has to fund the houses being built... Better to get something for your "rent" money than absolutely nothing... unless of course landlords put in place an option to own . If you have no money left after you have paid the "rent" and bills etc... That means whether you rent or buy, you still have X amount of money left and therefore there's still nothing left to invest in one's future. Why would I pay rent where I can pay a mortgage and end up owning? Like I said, unavoidable, houses will always need to be built and they aren't free to build. I'd say that housing was still a damned fine investment.

[Brian d marge]

I heard an argument the other day that said uncle Rob was quite socialist.....either way..NZ was easier to live in,a whole lot less of "me me me.".back in the day,,,,,, well there were the screaming me me's...
let me just repeat my stance before moving on , Company’s are there to make a profit they will do that the best and most efficient way they can. They are not there to provide a service, the service is the vehicle which they use to make the profit. the part of the operation that makes the most profit will be massaged and kept the other will not,
think freight and passenger in NZ rail.
if you sell to investors, they will demand a profit how will that profit be made,,? investment in more efficient equipment, higher charges, job losses ? is some poor sod going to lose his job,or are the prices going up
sometimes inefficient organizations are better as a whole
Now are you telling me that Mr and Mrs average,with 1000 to spare will keep those shares for three or more years? or after the minimum term and as the market fills up with these shares..ie prices start to drop...
or will they flick them off for a quick ten percent?...and who will buy these shares?
now lets look at taxes,not all rich buggers hide the tax,as individuals they pay about 16% with the dole ites paying 1%
The middle classes pay 10 and 12% which when combined , upper middle and lower middle , pay 22%
ok so its only 4 %....what about the taxes companies pay?...coca cola??? or any offshore ?
company how much and to whom?
doesn’t matter how you slice this cake its not looking good for the average man/ woman on the street
we ,as i have said are reasonably informed...how do you expect the great unwashed to grasp it,,,they struggle with "which side of the toast "to butter



remember ,,Mr key,,,salus poluli seprema lex esto. ( welfare of the people to be the highest Law )


finally i reckon this sale is going through..IF the prices go down or stay inflation adjusted,,,i will eat my hat,,,,that’s a promise

Stephen


just swapped a couple of beers and some homemade lavender oil for a months supply of garlic,,,,,,,score,,,,,,,,,,.


Just one more thing , Money talks bullsyhte walks , and out side of New Zealand there IS A LOT OF MONEY ............


pppsss Oscar , google its the second link down under who pays taxes , ( the link is from the NZ treasury ) just in case your wondering where those figures came from ......