Forum Archive Index - September 2001

[Paul.Menneer@sealedair.com]

Further to that line of reasoning consider TVNZ. Suddenly, the goalposts
have been shifted and now there is a high liklihood that they will make a
loss next year leaving the taxpayers to foot the bill.

Paul Menneer




"Colin Ross" <ceejaynz@xtra.co.nz>@sharechat.co.nz on 18/09/2001 09:52:01

Please respond to sharechat@sharechat.co.nz

Sent by:  owner-sharechat@sharechat.co.nz


To:   <sharechat@sharechat.co.nz>
cc:

Subject:  Re: Re: [sharechat] Air New Zealand



.  If these are so important they  should be 100% Government owned,
otherwise they should be "pure commercial"  interests.  {This is why I
don't think Telstra is a great stock.}


Gary, your comment struck a very loud bell with me.   Having a Government
for a business partner can be a very difficult situation.  Until recently
we owned a Community Pharmacy, and were, and still are,  appalled at the
way goal-posts can be moved, and how quickly.

I'm sure the same applies to even large businesses where  "Kiwi" shares and
such are in place.
As investors, we need to be aware of this, and  cautious.

Ceejay
----- Original Message -----
From:  Gary  Wilson - Brisbane
To: sharechat@sharechat.co.nz
Sent: Monday, September 17, 2001 9:30  PM
Subject: Re: Re: [sharechat] Air New  Zealand

Ben,

Yes, I too enjoyed your piece re Air New Zealand.  I think  you are a bit
tough on the NZ Govt given the complex International protocols  re landing
rights etc and the wider international climate.  This was a  snowballing
chain of events where most of the players were playing hardball -  but no
one had control of the game or understood the rules!  I agree the  Govt
should have allowed the Singapore proposal to proceed - and indeed now I
am sure they wished they had!!  The trouble was, they where probably
trying to appease parts of their own party, the Aussies and the wider NZ
electorate as well.  They took time over this, as they really did not  know
how to meet these competing interests.  In the end by trying to  please
everyone they pleased no one - but this is often what Govt.s are  about!.
It does highlight the idea of strategic business's and national  airlines
which the Governments (on both sides of the Tasman) in  various ways aid is
a half baked.  If these are so important they should  be 100% Government
owned, otherwise they should be "pure commercial"  interests.  {This is why
I don't think Telstra is a great stock.}

As  an aside a lot have accused Air NZ of incompetence - but Air Singapore
allegedly one of the best airlines in the World was in this game for a very
long period, ( and still is?) so unless their role was part of a very
complex  plot, only events have saved them from a blot on their record -
though I  suspect there is a lot of soul searching going on at Air
Singapore's HQ as  well as other places.




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