Forum Home
PC World Chat
Thread ID: 124814	2012-05-21 04:19:00	Asset sales will leave Govt worse off	1101 (13337)	PC World Chat

Post ID	Timestamp	Content	User
1276576	2012-05-23 03:57:00	Yeah exactly. That's not the kind of outstanding growth you'd expect from investments over the course of 15 years. That's literally 10c above inflation over the course of 15 years.... And how often do those dividends get divvied out? Certainly not often enough!	Chilling_Silence (9)
1276577	2012-05-23 04:02:00	Contact Energy was formed by the NZ govt and sold to mum and dad investors in 1997. The price was $3.15/share. Contact's share price today is $4.87. That is very low growth - you'd have been better putting your money in the bank. I simply do not understand this myself: all I'm saying is electricity generating companies can lapse into the doldrums. There's a majority shareholder that probably has a lot to do with Contact's share price shareinvestornz.blogspot.co.nz	PaulD (232)
1276578	2012-05-23 04:04:00	Auckland - the City of Sales...	Sanco (683)
1276579	2012-05-23 05:19:00	Asset sales will leave Govt worse off ... Surely this should read 'Asset sales will leave New Zealand worse off' These assets do not belong to Mr Key or the National government, they in fact belong to you,me and four million or so people of this country.At the very least there should be a 'binding' referendum on this,perhaps then we would see some democracy in this country.Is that too much to ask?	ruup (1827)
1276580	2012-05-23 05:33:00	I tend to agree. However there is a real-world example which suggests power companies aren't the piggy banks you'd expect. Contact Energy was formed by the NZ govt and sold to mum and dad investors in 1997. The price was $3.15/share. Contact's share price today is $4.87. That is very low growth - you'd have been better putting your money in the bank. I simply do not understand this myself: all I'm saying is electricity generating companies can lapse into the doldrums. You are completely missing what dividends have been paid out and do you really expect the price of a share to grow year on year. Quite frankly I think a lot of people expect too much from share prices and that is probably why we get into so much trouble. In the old days people bought shares more as a long term investment putting the share certificates in the top draw and forgetting about them but getting a nice little bonus each year. Your real world example doesn't really influence me. That is better than the silly sods who paid $38 for Farcebook shares.:D They have already dropped to $32.	mikebartnz (21)
1276581	2012-05-23 05:38:00	There's a majority shareholder that probably has a lot to do with Contact's share price shareinvestornz.blogspot.co.nz Thanks for that link.:thumbs:	mikebartnz (21)
1276582	2012-05-23 06:15:00	At the very least there should be a 'binding' referendum on this,perhaps then we would see some democracy in this country.Is that too much to ask? Yeah funny you mention that. Labour / Greens are all keen on a binding referendum now, yet when it came to the anti-smacking bill we had a referendum, 88% said no, yet they ignored it anyway... Now they're trying to say the Govt won't listen to the country. Pot calling the kettle black perhaps? Regarding the Referendum on asset sales, Phil Goff (who was Opposition Leader at the time of the anti-smacking Referendum) says "The possible citizen’s initiated referendum (on asset sales) would be non-binding, but Mr Goff says it would be a “display of arrogance” for the Government to ignore the result." Calling Mr Goff – “What was your response to the overwhelming rejection of the anti-smacking law in the Referendum?” bobmccoskrie.com	Chilling_Silence (9)
1276583	2012-05-23 06:42:00	So how many people are actually better off because of National?	QW. (15883)
1276584	2012-05-23 06:51:00	So how many people are actually better off because of National? Easily said but impossible to prove so it doesn't mean much saying it.	mikebartnz (21)
1276585	2012-05-23 08:17:00	You are completely missing what dividends have been paid out and do you really expect the price of a share to grow year on year. Quite frankly I think a lot of people expect too much from share prices and that is probably why we get into so much trouble. In the old days people bought shares more as a long term investment putting the share certificates in the bottom draw and forgetting about them but getting a nice little bonus each year. Your real world example doesn't really influence me.Auto Detect proxy server Corrected that for you. Always told to put them in the bottom draw and forget them. Used to be bonus shares the reason for holding, then it was computation credits, now it's stuff all, lol. Lurking.	Lurking (218)
1 2 3 4 5 6 7 8 9