Written By:
James Henderson - Date published:
8:59 am, June 5th, 2013 - 40 comments
Categories: privatisation -
Tags:
Here’s English on the likely take up of the sale of Meridian:
We would expect that it will give New Zealanders the opportunity to invest in a large New Zealand company, and tens of thousands of them are likely to do so.
Tens of thousands.
For reference, they expected 250,000 investors in Mighty River but only 113,000 showed up.
The current rise of populism challenges the way we think about people’s relationship to the economy.We seem to be entering an era of populism, in which leadership in a democracy is based on preferences of the population which do not seem entirely rational nor serving their longer interests. ...
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Yes, I’ll be in! After all the dividends are likely to be good – Meridian’s not going anywhere and government stewardship on the other 51% will look after it, it’s likely to make a half decent return.
Like they did with Solid Energy?
Bear in mind that Meridian has the most to lose from NZ Power.
And the most to gain from Tiwai shutting down.
Checked out your blog PMofYourOwnLunchtime.
Just so you know, the MOM companies will be governed in accordance with the principles of the Treaty of Waitangi, via the govt’s controlling stake. So I guess that means you won’t be investing afterall.
Also you have the completely wrong end of the stick on the MANA candidate issue. They weren’t political donations, he doesn’t have his ‘hand in a till’. The man had cancer ffs, and a fundraiser was held, and one of the fund raising groups said he should keep the money they raised, because beating cancer is tough even when you do qualify for state funded treatments.
Nice to see you getting out and about, thanks for visiting.
You’re welcome.
I might buy MRP shares when the Meridian float drives them into the ground.
Yeah probably will
Asset stripping is so 1980s. New Zealanders are going to experience the fun Americans had first hand when the power sector was privatized, that means power price increases to serve shareholders with the running down of infrastructure to reduce power capacity. The same will happen with Meridian and Mighty River Power.
“For reference, they expected 250,000 investors in Mighty River but only 113,000 showed up.”
I wonder why.
Economic sabotage if I recall otherwise the entire 250,000 would have taken up the offer.
Lolz, half of those registered were cats and dogs or people registered without their knowledge against their will.
I didn’t realise that, I suppose I should have asked to see the registration documents just like you did, then I wouldnt feel like such a fucking dick.
Nah I think you’d still feel a bit of a dick, having missed all the media reports about MPs laying police complaints having been registered against their will and without their permission, and you also missed the weeks of boasting on the blogs and on talkback from people who thought they were super smart and signing up their kids and pets, thinking they’d get allocated extra shares.
Missed it all, straight down the memory hole.
Fact is the website was set up so anyone could register as many “people” as they liked. There never were 400,000 people looking for shares.
Sure, no-one knows exactly how many genuine people registered, but we do know for sure that it wasn’t the reported 400,000. I’d say it’s a lot closer to 113,000, but what the fuck would I know, I’m only basing this on the facts and figures that actually occurred in reality which can clearly be no match for your entirely hypothetical scenario with no supporting data at all.
113,000 genuine people, companies, trusts, clubs, societies,…
You’re goddamn right
MRP is probably a good buy around $1.90 or so.
That looks like where it is heading. I’d expect it to sit around that $2 mark for quite a while as that looks like a reasonable return at that level unless the major shareholder forces them to raise more debt (for expansion like solid energy – yeah right) to pay for unsustainable dividends.
effectively collateralising the assets of the power generator to drain dry its balance sheet.
hahaha…lets face it, this National party is a fucking joke. They are hopeless and are being held afloat by a compliant msm.
The Meridian Energy float is dead, as Winston Peters would say…”its GONE”
hahaha…lets face it, this National party is a fucking joke. They are hopeless and are being held afloat by a compliant msm.
The Meridian Energy float is dead, as Winston Peters would say…”its GONE”
We heard you the first time.
M R P
Clearly this proves the Govt were NOT looking after there mates but are working in the best interests of all NZers.
green/labour, wrong again.
The joint policy announced by them on electricity demonstrates how destructive to our
economy they are prepared to be.
Voter BEWARE.
“Clearly this proves the Govt were NOT looking after there mates but are working in the best interests of all NZers.”
how exactly?
We know who ended up buying shares and for the most part, it wasnt “mums and dads”
..and yet your position is that whoever has bought them has been sold a pup?
smart institutions have already offloaded, and are slowly buying back up at a discount to the IPO
Not “destructive’, just clever. Its a very good policy, the only downside is that it makes these power companies less attractive if they are privatised, so complain all you like RTO, but this policy is a winner for most of the population.
Can the Tory cronies who were strong-armed into buying MRP shares put the loss down as a political donation and claim it?
No, but if they are share traders they could claim a capital loss on the trade.
As long as the green party exists, i wont buy shares in new zealand companies.
You’ll conserve more money that way, so it’s clever to avoid the rigged casino.
Casinos arent rigged.
Statistically you are incorrect.
I have a bridge to sell to you
“Casinos arent rigged.”
Jesus fuck Christ Brett, how the tits do you think they work?
Equality of opportunity, of course.
http://wizardofodds.com/gambling/house-edge/
It’s called the edge and yes it’s ALL in favour of the house.
Oh dear. Pretty sure CV was referring to the stock “market”, so Brett managed to combine ignorance and incomprehension in just three words.
Brett, familiarise yourself with the concept of the “house edge”, ferchrissake!
DAS EXPERIMENT: The Great National Party Experiment
http://www.youtube.com/watch?v=9iIL3Bzy08Y
Lets make a good impression
No Lies and no complaints to visitors
We all feel very comfortable don’t we?
We all want to earn our money in peace and quiet (aka.. sell our country out). Right?
Is that you, 77?
Yes Mr Prison Guard
Whoever stinks gets no visitor…….
Into the black box….
Listen….Whoever touches the duct tape will be sitting next to 82
I didn’t want this… I thought that….
The sad outcome:
Two dead, three injured (asset sales maybe…………the public///)
Among them project leader
Professor Klaus Thon (John …. whats his name again)
Obviously the experiment got out of control after 2 days ( 2 terms in office)
The district attorney is investigating (yeah right)
2 casees of suspected manslaughter and several cases of mistreatment and failure to provide assistance
One of the test persons has been arrested.
The project directors will probably have to answer to a court
According to statements of one of the scientists involved the escalation could’ve been prevented by earlier aborting the experiment.
Remember…The National Party Motto …….
arbeit macht frei
arbeit macht frei
arbeit macht frei
arbeit macht frei
arbeit macht frei
arbeit macht frei
arbeit macht frei
arbeit macht frei
arbeit macht frei
arbeit macht frei
arbeit macht frei
arbeit macht frei
The great ponzi scheme is upon us…..