Forum Archive Index - January 2003

[Marilyn Munroe <who.c@res.co.nz>]

From the Christchurch Press.

"Trans Rails shares steamed ahead 11 per cent, with buyers swept along by the 
first positive news in months - that the government would consider buying 
back rail tracks for a 'reasonable price'".

"...Transport Minister Paul Swain......confirmed buying back the track was 
high on the agenda. Although Trans Rail's book value ($339 million) was 
higher than its real value, he said paying a 'reasonable price' would not 
necessarily disadvantage the taxpayer."

There are several standards to judge book values of assets, market value, 
cost, or realizable price, which all boil down to one thing. Someones 
judgment as to the future profits which the asset will produce.

If the asset will not produce future profits its value is nil.

Got that Paul Swain. Zip nada nothing zero.

Boop-boop-de-do Marilyn

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