Forum Archive Index - September 2001

["Eric Watson" <ericwatson01@hotmail.com>]

I too agree with Ben Dutton. This situation does have many to blame and the 
Government should get alot of this blame. Although I believe that the 
Government has stuffed around with the decision to raise foreign ownership 
there are other interesting aspects to this argument. One in particular 
which I have heard lately is that of Fonterra eventually going public. Would 
this also have an overseas investment cap??? If it didn't we would see huge 
overseas investment in our dairy industry which would hastily turn it into 
another overseas owned company. This could be quite devastating as we are 
actually quite dependent on our dairy exports.New Zealand would yet again 
become a cheap producer while the overseas owners would create the value and 
in turn reap the rewards. Is this because in general New Zealand companies 
are bad at creating value?
What do other sharechatters think???

EW.


>From: "Malcolm Cameron" <malharcameron@hotmail.com>
>Reply-To: sharechat@sharechat.co.nz
>To: <sharechat@sharechat.co.nz>
>Subject: Re: [sharechat]
>Date: Tue, 18 Sep 2001 13:31:54 +1000
>
>Rubin
>Singapore air lines will take the other shareholders to the cleaners if it 
>suits them. There is some speculation that is what was tried and they 
>messed it up. Read the back page of the weekend edition of australian 
>finacial review if you can get hold of it. Try a good library. I do not 
>have the skills to post it on web site or the copyright release.
>Malcolm Cameron
>   ----- Original Message -----
>   From: Ruvin Gabriel
>   To: sharechat@sharechat.co.nz
>   Sent: Tuesday, September 18, 2001 12:58 PM
>   Subject: [sharechat]
>
>
>   I totally agree with the Sharechat editor - Ben Dutton.
>   There is a lot of parties to blame but the ultimate responsibilty for 
>the situation detiorating lies in the Government refusing to allow an 
>increase in foreign ownership.
>
>   When are New Zealanders going to realise that the country is never going 
>to improve without foreign investment.
>   All successful ie.USA, Ireland, Singapore countries have actively 
>encouraged and sought out foreign investment to increase their employment 
>and GDP.
>
>   Instead of seeking out multinational compnies (quality immigrants) to 
>invest in NZ we are seeking increasing numbers of refugees. This makes NZ 
>the laughing stock internationally.
>
>   If Singapore Airlines (cash rich profit makng airline) was alllowed to 
>increase its share in Air NZ then the company would benefit from quality 
>managers with a proven track record.
>
>   The Air NZ board needs to be sacked for their role in this fiasco. Many 
>NZers have still not forgiven them for having a rights issue last year that 
>was fraudlently marketed when the company knew the outlook was not good


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