General Debate 24 January 2013

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itstricky

CG -:

I agree with your views on Kiwisaver. Perhaps this is the way ordinary NZers can have a direct investment in the SOE sell-off without having to fork out lump sums for share parcels. This remains to be seen.

Certainly, I also have “my share” of the national debt, but I never claimed otherwise so I think you’re probably skirting around the point and/or have misunderstood my definition of public ownership and *indirect* benefit.

If my “my share” of the SOEs could be “measured”, as they are today, and put against the national debt, new public assets, education, health-care, whatever I would be (and I am) completely happy. This is what *indirectly* happens today.

I was never implying that I would like financial benefits for “my share”. This is not my definition of ownership, or benefit.

The question is of future profits. If the SOEs are profitable over many years, who’s to say that 50% of that profit disappearing into the hands of a few is not going to more than the injection of captial raised by those few? And that 50% profit could be of large benefit to *all* of NZ- not just those who could afford to put in at the time. When I say benefit in this sentence, again I am talking of indirect benefit – reducing national debt, raising health care and education etc.

The only situation in which this would not be true is if the SOEs were going concerns and the capital was required to “keep them running”. Which I don’t believe they are, given, for example, rising electricity prices!

If you were an investor in a profitable company, would you sell off 50% of your shares at a crux time? Would an investment advisor advise you to do the same? Probably not.
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January 25, 2013 10:25pm
Griff

Selling of 49% stops the lefty’s Tax by stealth by enforcing a higher profit on the SOE’s

Is the present time that bad for share investment in infrastructure?

I redirected some on my share portfolio into infrastructure after the gfc on the grounds that it is not a discretionary spend.
This strategy has done me very well over the last 4 years The demand by ma and pa kiwis as well as the institutional investors will guarantee a successful float.

Investment advisers are a bunch of losers
Mostly of your money. How many have been scorched badly by investment advisers selling high risk rubbish to those that should know better yet where greedy for a few paltry points over the bank rates. Few managed fund pay better than passive when you add in the fees.
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January 25, 2013 11:01pm

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