Asset sale protests!

[pete376403]

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?

Gina Rinehart (with approx $A30 billion the worlds wealthiest woman) only owns 14.99% of Fairfax Media - this is enough to get her and one of her associates 2 board seats. That apparently is enough to influence Fairfax.
If anyone did get 49% of the energy companies they would be able to have a lot of influence on how the company operates. Especially if the remaining 51% was owned by a government as craven to business interests as the current nationals

[Oscar]

Gina Rinehart (with approx $A30 billion the worlds wealthiest woman) only owns 14.99% of Fairfax Media - this is enough to get her and one of her associates 2 board seats. That apparently is enough to influence Fairfax.
If anyone did get 49% of the energy companies they would be able to have a lot of influence on how the company operates. Especially if the remaining 51% was owned by a government as craven to business interests as the current nationals

Ohhhh, more scary stories....

If I had 15% of a company, I'd expect a seat on the board too, but it wouldn't give me control of it - and if you'd like to read the whole story, you'd see that Gina tried to gain editorial influence and was rebuffed (she was not willing to sign up to the company's charter of editorial independence). She is now threatening to sell her shares (she actually owns 18.7%).

As I mentioned earlier, don't let the facts get in the way of a good story....

[BoristheBiter]

The two facts that I know matter to me are.
Can I afford to buy shares.
Will it be a good investment.

To answer the first yes I can but all will have to make that decision themselves.

For the second, if I look at the shares I had in other SOE's ,Telecom and PNZ, both lots of shares were sold at a profit so yes to that.

The only thing I could see is if I had sold the Telecom shares now it would have not been such a great investment as due to the Labour party's interference in the business market their price halved over night.
So as long as Labour keep their noses out of the real world then it should be alright.

Any other facts are irrelevant as MRP, at least, will be sold off.

[oldrider]

So as long as Labour keep their noses out of the real world then it should be alright.

Well, the "Green party" are gradually squeezing "Labour" out in the electoral stakes .. but .. out of the frying pan into the fire there I'm afraid!

Just part of the problems arising as the overall NZ electorate oozes further and further to the left!

[puddytat]

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?

Go & fucking look for it yourself, seeing your the eggspurt on everything. I cant honestly be fucked looking for info that you could never be bothered to look for yourself when the WTO agreements & laws were being made.....

[Oscar]

Go & fucking look for it yourself, seeing your the eggspurt on everything. I cant honestly be fucked looking for info that you could never be bothered to look for yourself when the WTO agreements & laws were being made.....

Touchy.
So being as how you were the one brought up the WTO, you're saying that have no idea what you're talking about?

In actual fact, the WTO has absolutely no authority over an investment such as this, so you’ll have to scratch that off of your scary monsters list…

[puddytat]

Look man....I know what I know & you know what you know.....I already understand that its useless waving virtual willies at one another & all it makes me feel that if you dont "get it" or havnt got "It" by now , then you never will. You see black I see white.
Dumb enuff? So dumb in fact that I opt out nowadays of really even bothering to go into detail, though I do appreciate those of my ilk that do go to bat on issues.
I'll just use my only weapon that I can legally use ....my vote.

[Oscar]

I'm not waving my willy (virtual or otherwise) at anyone.
I don't mind having a conversation about issues of the day, and as a rule, I try to stick to the facts.
You say "you know what you know", but obviously in the case of the WTO, you don't.
As going to bat on issues, I've done plenty of that...

Look man....I know what I know & you know what you know.....I already understand that its useless waving virtual willies at one another & all it makes me feel that if you dont "get it" or havnt got "It" by now , then you never will. You see black I see white.
Dumb enuff? So dumb in fact that I opt out nowadays of really even bothering to go into detail, though I do appreciate those of my ilk that do go to bat on issues.
I'll just use my only weapon that I can legally use ....my vote.

[mashman]

"The bill for asset sales is racking up fast: $200 million plus for the share give away, $56 million to share-brokers, and $100 million a year, every year, on the deficit.

They should used ticketek... much cheaper. John's buddies no doubt, can ya smell the feeding frenzy? Of course I didn't vote for this so see no reason why I should pay... wonder if a general taxation strike would changed the fucktards mind... after all if the right wing ideology holds true they won't miss it as it will open up all sorts of areas to the private sector and they'll gobble it up... or would that mean I end up paying those who the govt pay on my behalf directly? Either way, wonder how much of a bill they'll rack up on behalf of the tax payer.. using tax payer money that is. I wonder if it's part of the 120 million Billy bob Engrish stated would be used to promote and sell the shares?

[mashman]

Look man....I know what I know & you know what you know.....I already understand that its useless waving virtual willies at one another & all it makes me feel that if you dont "get it" or havnt got "It" by now , then you never will. You see black I see white.
Dumb enuff? So dumb in fact that I opt out nowadays of really even bothering to go into detail, though I do appreciate those of my ilk that do go to bat on issues.
I'll just use my only weapon that I can legally use ....my vote.

Watch it fella, he protested once...

[Oscar]

Watch it fella, he protested once...

I voted too...

[mashman]

Touchy.
So being as how you were the one brought up the WTO, you're saying that have no idea what you're talking about?

In actual fact, the WTO has absolutely no authority over an investment such as this, so you’ll have to scratch that off of your scary monsters list…

This would disagree according to the NZ treasury department.

"International agreements tend to focus on protecting investos rather than market access. Agreements through the WTO and bilateral FTAs tend to focus on investor protection mechanisms such as national treatment (treating foreign firms equally as domestic firms) and avenues to resolve disputes, such as expropriation claims, between investors and states, rather than liberalising market access (by increasing screening thresholds, for example). Non-binding agreements between OECD countries and APEC promote general liberalisation of capital flows"

[mashman]

I voted too...

like it mattered.

[Brian d marge]

I'm not waving my willy (virtual or otherwise) at anyone.
I don't mind having a conversation about issues of the day, and as a rule, I try to stick to the facts.
You say "you know what you know", but obviously in the case of the WTO, you don't.
As going to bat on issues, I've done plenty of that...

Never seen you supply any "facts"

you say you do , never seen any links dodgy or otherwise

Stephen

56 mill thats a lot of school lunches ,,,,,,

[Oscar]

like it mattered.

Oh, it did.



































We won.