Forum Archive Index - September 2001

[<nickkearney@xtra.co.nz>]

Paul & Co

Exactly.  Made $400 million profit last year.  Loss this year.  Senior staff 
getting the chop.  Thanks Marion.

Either they 1. Sell it or 2. Turn it into state funded propoganda.  Can't have 
it both ways.  Or is this Comrade Helen's 'third way'?

Cheers

NK
> 
> From: Paul.Menneer@sealedair.com
> Date: Tue, 18 Sep 2001 10:56:52 +1300
> To: sharechat@sharechat.co.nz
> Subject: Re: Re: [sharechat] Air New Zealand
> 
> 
> 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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