Forum Archive Index - March 2004

["tennyson@caverock.net.nz" <tennyson@caverock.net.nz>]

Hi Harley,

> 
>SPN-
>Looking at the last  3 annual reports, there has been no change in
>asset valuations apart from depreciation. Shareholders equity is now
>above 80% Chance of special div.? 
>
>The Southland Regional Council holds 66% 
> 

Perhaps you can tell us?     Are you a shareholder?   Do you live in 
Southland?   How 'cash hungry' is the Southland Regional Council?
If they don't need the cash perhaps they will direct that it be left within 
the port business?

Are Southland Port 'doing a Lyttelton' and not maintaining their 
infrastructure properly?  (I should add here that I believe the 
management changes have fixed this problem at Lyttelton).   What big 
bills are on the horizon?

What is the breakdown of trade at the Southland Port?   How will it be 
affected by the current outlook for farming, forestry, aluminium and 
fishing?    These are the kind of questions I would be asking if I was a 
shareholder/potential shareholder.

SNOOPY

--
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