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| Thread ID: 122029 | 2011-11-26 09:08:00 | So, who's buying which State asset? | KarameaDave (15222) | PC World Chat |
| Post ID | Timestamp | Content | User | ||
| 1245614 | 2011-11-29 22:50:00 | haha true gary but i think you will find it is lion red not speights but those type of families will not buy shares | Gobe1 (6290) | ||
| 1245615 | 2011-11-29 23:42:00 | So where is the money going to come from to buy these assets?? you cant take 5-7 billion from the homes of mums and dads etc and not have it affect the country Dead right Globe. :thumbs: To raise 5-7 Billion from within NZ we’d need every man, woman and child to invest over $1000. Clearly that can’t happen so the chances of Mum & Dad NZ investors buying up the stock as Key suggests is zip. Anyway, as you have already pointed out, to raise the money internally means some other part of the economy must suffer so all they’d be doing is rearranging the deck chairs on the Titanic. I still don’t believe how many Key has sucked in, as I would have thought such a statement from any Politician would have been afforded the closest of scrutiny. :groan: |
B.M. (505) | ||
| 1245616 | 2011-11-30 04:27:00 | To raise 5-7 Billion from within NZ we’d need every man, woman and child to invest over $1000. Clearly that can’t happen so the chances of Mum & Dad NZ investors buying up the stock as Key suggests is zip. Anyway, as you have already pointed out, to raise the money internally means some other part of the economy must suffer so all they’d be doing is rearranging the deck chairs on the Titanic. : No. There is $120 billion invested in term deposits by ordinary people in NZ at low interest rates. They accept this because safe secure investments with a slightly higher return are hard to find in NZ. There will be plenty of local buyers for the SOEs. All of the Kiwisaver funds to start with, superannuation and insurance funds, and Maori like Ngai Tahu who have proven to be very skilled businessmen over the past 20 years. |
Winston001 (3612) | ||
| 1245617 | 2011-11-30 07:18:00 | No . There is $120 billion invested in term deposits by ordinary people in NZ at low interest rates . They accept this because safe secure investments with a slightly higher return are hard to find in NZ . There will be plenty of local buyers for the SOEs . All of the Kiwisaver funds to start with, superannuation and insurance funds, and Maori like Ngai Tahu who have proven to be very skilled businessmen over the past 20 years . I don’t agree Winston, and suggest to the honourable member for Winton that if you have two buckets sitting on the scales, and you pour the contents of one into the other, the total weight remains the same . ;) You are only rearranging the deckchairs in the case of “Internal Asset Sales” which of course is only “Spin” to appease the gullible . ;) Outside money is what is really required, but shhhhhh, don’t tell anyone . ;) Point two, you may care to explain why if you had a “Valuable Asset” that is an “Attractive Investment” to others, you would want to sell it? :confused: I look forward to your response . :) |
B.M. (505) | ||
| 1245618 | 2011-11-30 10:33:00 | Internal/external money, it doesn't actually matter where it comes from. All governments issue stock (bonds) which are purchased by locals and overseas investors. You may remember Inflation Bonds under the Muldoon administration were very popular with Mum and Dad. Government needs money to operate: that comes mainly from taxation, some profit from Crown businesses, and the rest from loans. They could do away with loans by taxing to get the money, or reduce spending in which case a lot of rest homes might close...pensioners and aged care swallow up a huge amount of govt money. As for the valuable assets (49% OF SOEs), its been overhyped but they are safe and reliable which frankly in todays world = valuable. The energy companies return 2-3%pa and are subject to the Electricity Commission rulings + political interference. Consider the former SOE Contact Energy. Sold in 1996 for $3.15/share and currently selling for $5.60. That's a return of 2%pa, less than inflation. I'd have been better off with money in the bank, shame about my children's university fund. :D |
Winston001 (3612) | ||
| 1245619 | 2011-11-30 10:39:00 | FYI I'm not a fan of the asset sales but I've seen people forced to do it over the years because their bills became too much. But leaving that aside, if energy SOEs are so valuable and essential, which political party has proposed buying back Contact Energy? And please do not say it cannot be done: we bought back Kiwirail and most of Air New Zealand. |
Winston001 (3612) | ||
| 1245620 | 2011-11-30 17:26:00 | I think there will be lots of buyers in NZ for the shares. Kiwisaver Mums and Dads with lots of money on term deposit at the banks. Watch the Trademe share sales And don't forget they are not going to do all 4 sales at once. |
Digby (677) | ||
| 1245621 | 2011-12-01 01:58:00 | Breaking News! HERE (www.sunlive.co.nz) |
B.M. (505) | ||
| 1245622 | 2011-12-01 02:53:00 | Breaking News! HERE (www.sunlive.co.nz) :lol::lol::lol::cool: |
KarameaDave (15222) | ||
| 1245623 | 2011-12-01 03:20:00 | Breaking News! HERE (www.sunlive.co.nz) He He I agree with most of those except the Greens and Greenpeace. I'd prefer the police were sold to the Iranian police force. They really know what they are doing. |
Digby (677) | ||
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