Forum Archive Index - July 2001

["Grant Keymer" <grant@jenlogix.co.nz>]

Once again, we have clear evidence of inside knowledge here...

The following announcement was made to NZSE at 1440, yet the price started plummeting at 1400.

 

REL: 1440 HRS Auckland International Airport Limited

GEN: AIA: COMMERCE COMMISSION DECISION

The Commerce Commission preliminary view that it would recommend price
controls on airfield activities at Auckland Airport. In a draft report
released today, the Commerce Commission indicated that it would recommend
that price controls be imposed on airfield activities at Auckland
International Airport.  Commission Chair John Belgrave said that this
preliminary view has been reached on the basis of information received to
date.  The Commission's preliminary view may be changed in its final report
once it has received submissions from interested parties and their experts.
The Minister of Commerce had directed the Commission to report to him as to
whether it would recommend price controls on airfield activities at Auckland,
Wellington and Christchurch airports. Mr Belgrave said that the Commission's
draft report does not recommend price controls on airfield activities at
Wellington and Christchurch airports. Interested parties now have the
opportunity to comment on the draft report before the Commission makes its
recommendations to the Minister on November 2.

Somehow the word got out.

What chance does a despised "retail investor" have with this kind of event?

 

Cheers

 
Grant Keymer
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