Written By: - Date published: 10:56 am, April 17th, 2014 - 72 comments
Genesis Energy’s shares have been sold at a price well below their value. And despite considerable demand from local mum and dad investors one in four of the shares has been sold to overseas institutions.
Written By: - Date published: 7:11 am, August 9th, 2013 - 89 comments
Yesterday John Key gave $30 Million of tax payer’s money to Rio Tinto in order to prop up its electricity deal with Meridian – and thus to prop up his privatisation ideology. Mighty River Power shares took a hit. Smart investors getting out?
Written By: - Date published: 7:46 am, July 5th, 2013 - 45 comments
The Nats must be panicking about the prospects for the sale of Meridian – because they’re resorting to extraordinary tactics.
Written By: - Date published: 10:32 am, June 4th, 2013 - 16 comments
Recently closed Christchurch schools, which according to the Nats don’t have the student base and/or are too quake damaged to keep running, are going to be sold off for purposes including – charter schools.
Written By: - Date published: 8:32 am, May 28th, 2013 - 59 comments
The Nats have tried to do too much too soon, and now the wheels are obviously falling off their sad “flagship” privatisation programme.
Written By: - Date published: 2:41 pm, May 7th, 2013 - 142 comments
Breaking – The asset sales referendum petition has collected 292,000 valid signatures. It needs 16,500 more (about another 5%) to reach the threshold. The Keep Our Assets Coalition has 2 months to get the remainder – and says it will get them…
Written By: - Date published: 10:02 am, April 2nd, 2013 - 166 comments
Our “let’s make a deal” PM is outclassed on this one. I actually have some sympathy this time, the government is between a rock and a hard place. But while most of us worry about Southland, I suspect the Nats’ concerns will be a little closer to home…
Written By: - Date published: 2:32 pm, October 23rd, 2012 - 28 comments
As expected, the High Court advised today that the government should hold off sale of Mighty River Power. The government is complying.
Written By: - Date published: 11:30 am, October 12th, 2012 - 70 comments
On any other morning Hone Harawira’s arrest would be the big political news story of the day.
Written By: - Date published: 8:37 am, September 6th, 2012 - 115 comments
It’s easy to see why Key has forbidden National MPs from attending the national water rights hui – he’s playing divide and rule with Maori. More difficult to understand is the Maori Party’s craven decision to stay away. Hone Harawira condemns them in the strongest possible language.
Written By: - Date published: 1:25 pm, August 22nd, 2012 - 31 comments
I/S at No Right Turn on Key’s made up numbers.
Written By: - Date published: 9:08 am, August 15th, 2012 - 36 comments
Minister after Minister denied it, but it turns out that common sense is right. Private power companies charge more. Privatisation surely means that prices will rise. Is it even news when this government lies these days?
Written By: - Date published: 12:15 pm, August 10th, 2012 - 43 comments
Turns out that not many “mums and dads” are planning to buy shares in their own assets.
Written By: - Date published: 9:40 am, August 4th, 2012 - 22 comments
For some reason the Nats are in a hurry to complete their privatisation programme within two years. Anyone in any doubt as to how the process of consultation with Maori will play out might be informed by some recent history.
Written By: - Date published: 7:15 am, July 17th, 2012 - 62 comments
Even John Key is now admitting that the asset sale program is facing a serious legal challenge, and that delays in the sales are likely. Any such delay would have several implications…
Written By: - Date published: 12:02 pm, July 2nd, 2012 - 71 comments
So – what kind of person does well out of asset sales?…
Written By: - Date published: 12:43 pm, June 21st, 2012 - 31 comments
It looks like the Nats’ attempt to pull a swindle on the meaning of “51% ownership” has been averted.