Emmerson, NZ Herald, Dec 12 2007- "Shallow and error-prone"
The Herald is facing a backlash from Helen Clark for their strong
stand against the Electoral Finance Bill, she doesn't like opposition
and the EFB removes that in election year.
The latest stupidity from the Labour/Peter's Government, Winston"Baubles" Peters, paying back ill gotten taxpayer money to a children's hospital instead of the Auditor General, is merely another in a long list of arrogant, unlawful, stupid, malicious and corrupt practices that Helen and her hangers on have foisted upon us over the last 8 long years.
I'm just wondering to myself, when is there going to be a backlash?
Where is the anger, the outrage, the venom, has Clark's regime breed the mongrel out of us?
There have been touches of it, with street protests against the Electoral Finance Bill, but those were tame. In Australia cars would be burned in the streets if their leaders tried this sort of fascist stuff!
We watched our judicial system tumble when Labour pulled down the august pillars of the Privy council appeals without a whimper.
Little was done when Kiwis' rights as parents to discipline their children by having the capacity to smack was removed.
Attempts at dissolving property rights, the intervention of Clark's nanny statists to tell us what to eat, watch, listen to, breathe and teach us "appropriate" ways to talk to those who offend against our persons least we hurt their feelings were met with a whimper of dissent, even from the National "opposition".
The arrogance of a leader and those under her who believe they are above those that they work for is truly mind blowing. Speeding through a small town at 170km per hr to go to a rugby game and blaming several policemen by allowing them to be charged. Mugabee and other tin pot dictators would be proud and we presumably were too because few bothered to raise a voice let alone a middle finger.
Making theft of taxpayer money to buy an election legal after the fact is clearly a breach of the very moral and indeed legal fibre that most Kiwis presumably live by and I would have thought that even the loony left who voted for Labour, NZ First, The Greens, The Maori Party, United Future and Jim Anderton, would have stood up to be counted, considering they are implicit in the crime of buying votes with stolen taxpayer money.
Surely the guilt must be eating away at their conscience?
The gutter snipe attacks in Parliament by sniveling little Stalin adherents, like Micheal Cullen and Trevor "The Bash" Mallard against the leader of the opposition, John Key, for dragging himself out of poverty and making a success of himself in the finance world and accumulating wealth is truly without parallel.
"Scumbag, scumbag, scumbag" "rich prick" sums up Cullen's attitude to those that might have worked hard and made money, his use of terms like this, especially in Parliament, show him for what he and his party are.
Arrogant, self serving, jealous of those that have done better and career politicians who wouldn't have a way of making a living outside government, a government department or a union and supporters seem to lap up this sort of childish playground stuff because they probably feel the same.
We shouldn't be hacked off and angry like Dr Cullen because an individual might have made a success of his life through hard work and accumulated wealth we should be angry at those who deride those successful people!
Is it not the Kiwi way to get pissed off when your freedoms are being chipped away or is it up to the likes of people like me to motivate you off your couch and get yelling "we are as mad as fuck and we are not going to take it anymore!!"
We have seen any possible anger subside come the last two elections because Labour have bought voters by promising taxpayer moola for their back pockets and any opposition is conveniently forgotten.
I will be here to remind you in 2008 to stay angry, if you are, and use that anger in a positive way by choosing not to vote for those that want your freedoms quashed, and not let you be tempted by my taxpayer dollars to dissipate that anger and vote for your wallet.
C Political Animal 2007
Thursday, December 13, 2007
Waiting for the backlash
Posted by Share Investor at 11:52 PM 0 comments
Labels: 2008 New Zealand Election, protest
Can the Joneses keep up with the market?
The Joneses will have to work hard to satisfy stockmarket
investors that theirs is a company worth investing in to
make the IPO a success.
A dearth of IPOs in New Zealand so far this year and what we have had has mostly been unmitigated garbage.
News released yesterday that The Joneses , the cut price real estate agent, is going to list on New Zealand Exchange's alternative market, in mid-February 2008 piqued my interest somewhat.
Now I guess your initial reaction might be hell, I don't trust real estate agents, and you could be forgiven for thinking that but I can see some promise in the idea that the owners of the Joneses', TJRE Holdings and director Chris Taylor have.
Kiwis have no listed exposure to the residential property market and we just love to invest in residential property, at the expense of the sharemarket mind, but what an opportunity to combine the two aspects.
The company is very small and has been operating since last year, with offices in Dunedin, Christchurch, Auckland and Wellington, so the possibility for good growth is there.
Revenues from house sales commissions are estimated at NZ$1.2 billion, with Barfoot and Thompson in Auckland taking up the bulk of that. The revenue is certainly there so it is a case of the Joneses upping their ante to keep up with the Barfoots and LJ Hookers of this world.
In the absence of more details of how the company is structured and how revenue is made, presumably through a cut of the sales commission, one cannot make a serious decision to plunk any shekels down yet.
Time to look at the industry and see how this model might work/fail if you want to invest.
Bring on the prospectus.
Related Share Investor reading
IPO quality indicative of poor economy
The Joneses Real Estate business fails to keep up with market conditions
C Share Investor 2007
Posted by Share Investor at 10:50 PM 0 comments
Labels: IPO, real estate, The Joneses
List of MPs who voted for the Electoral Finance Bill(amended list)
The following is a list of those individuals who must hang their heads in shame for what they have done in passing The Electoral Finance Bill, they all voted for the Bill which will severely restrict New Zealander's right to free speech.
It will be a sad day when this Bill passes next week and the following must be remembered for all time for what they have done to their own country.
New Zealand Labour 49; New Zealand First 7; Green Party 6; Progressive 1
Ann Hartley | LABOUR | [ List MP ] | |
Annette King | LABOUR | Rongotai | |
Ashraf Choudhary | LABOUR | [ List MP ] | |
Charles Chauvel | LABOUR | [ List MP ] | |
Chris Carter | LABOUR | Te Atatu | |
Clayton Cosgrove | LABOUR | Waimakariri | |
Damien OConnor | LABOUR | West Coast-Tasman | |
Darien Fenton | LABOUR | [ List MP ] | |
Darren Hughes | LABOUR | Otaki | |
Dave Hereora | LABOUR | [ List MP ] | |
David Benson-Pope | LABOUR | Dunedin South | |
David Cunliffe | LABOUR | New Lynn | |
David Parker | LABOUR | [ List MP ] | |
Dianne Yates | LABOUR | [ List MP ] | |
Dover Samuels | LABOUR | [ List MP ] | |
George Hawkins | LABOUR | Manurewa | |
Georgina Beyer | LABOUR | [ List MP ] | |
Harry Duynhoven | LABOUR | New Plymouth | |
Helen Clark | LABOUR | Mt Albert | |
Jill Pettis | LABOUR | [ List MP ] | |
Jim Sutton | LABOUR | [ List MP ] | |
Judith Tizard | LABOUR | Auckland Central | |
Lianne Dalziel | LABOUR | Christchurch East | |
Lynne Pillay | LABOUR | Waitakere | |
Mahara Okeroa | LABOUR | Te Tai Tokerau | |
Margaret Wilson | LABOUR | [ List MP ] | |
Marian Hobbs | LABOUR | Wellington Central | |
Mark Burton | LABOUR | Taupo | |
Mark Gosche | LABOUR | Maungakiekie | |
Martin Gallagher | LABOUR | Hamilton West | |
Maryan Street | LABOUR | [ List MP ] | |
Michael Cullen | LABOUR | [ List MP ] | |
Mita Ririnui | LABOUR | [ List MP ] | |
Moana Mackey | LABOUR | [ List MP ] | |
Nanaia Mahuta | LABOUR | Tainui | |
Parekura Horomia | LABOUR | Ikaroa-Rawhiti | |
Paul Swain | LABOUR | Rimutaka | |
Peter Hodgson | LABOUR | Dunedin North | |
Phil Goff | LABOUR | Mt Roskill | |
Rick Barker | LABOUR | [ List MP ] | |
Ross Robertson | LABOUR | Manukau East | |
Russell Fairbrother | LABOUR | [ List MP ] | |
Ruth Dyson | LABOUR | Banks Peninsula | |
Shane Jones | LABOUR | [ List MP ] | |
Steve Chadwick | LABOUR | Rotorua | |
Steve Maharey | LABOUR | Palmerston North | |
Sue Moroney | LABOUR | [ List MP ] | |
Tim Barnett | LABOUR | Christchurch Central | |
Trevor Mallard | LABOUR | Hutt South | |
Winnie Laban | LABOUR | Mana |
Jeanette Fitzsimons | GREEN | [ List MP ] | |
Keith Locke | GREEN | [ List MP ] | |
Metiria Turei | GREEN | [ List MP ] | |
Nandor Tanczos | GREEN | [ List MP ] | |
Sue Bradford | GREEN | [ List MP ] | |
Sue Kedgley | GREEN | [ List MP ] |
Barbara Stewart | NZ FIRST | [ List MP ] | |
Brian Donnelly | NZ FIRST | [ List MP ] | |
Doug Woolerton | NZ FIRST | [ List MP ] | |
Peter Brown | NZ FIRST | [ List MP ] | |
Pita Paraone | NZ FIRST | [ List MP ] | |
Ron Mark | NZ FIRST | [ List MP ] | |
Winston Peters | NZ FIRST | [ List MP ] |
C Political Animal 2007
Posted by Share Investor at 12:31 AM 2 comments
Labels: electoral finance bill
Wednesday, December 12, 2007
Burger Fuel results and commentary

Once again Burger Fuel came out on top for Google search results on Share Investor today, so you might have been looking for the profit result that they posted today(see below story for detail)

But no free lunch, or dividends yet
For BFW shareholders.Not happy reading but it is early days yet of course.
One of the biggest reasons for the $1.9 million loss for the last 6 months was the 900 thousand odd spent on an IPO to raise a measly 8 million bucks, which management still has just under half of it in the bank left.
Having the $1.9 million "combined" loss stated at the bottom of the announcement isn't a good indicator for clear disclosure in the future.
The headline figure should be $1.9 million, not $1.3 million because the company is incurring the cost of the IPO regardless of management differentiating "pre" and "post" float numbers right at the bottom of the press release.
The announcement is titled as a 6 month result and last time I looked at my own personal accounts I had to take into account all figures positive or negative, even though I might have wanted to ignore any overdrafts.
According to their own figures the company's "one-off" costs of the IPO and a store opening in Sydney sent the loss higher than expected.
All that cash in the bank is very tempting but not much considering the level of expansion the small company seek in the next financial year, 4 more stores.
The positive news is that same stores sales were up 4% and that really is the only meaningful figure to comment on as we don't have a previous year revenue figure on hand for a comparison.
Josef Roberts should have some pause for optimism considering the same store figures on which Burger Fuel, as the Franchisor, reaps royalties from individual store sales.
Shares were up 4c to 64c on less than $700 volume.
Burger Fuel Worldwide @ Share Investor
Burger Fuel Worldwide: Losses Mount
Burgerfuel: Dubai Marketing Hype!!!
Burger Fuel 2010 Full Year Profit Analysis
Burger Fuel 2010 Full Year Profit Preview
Burger Fuel Worldwide: 2009 Half Year profit analysis
Stock of the Week: Burger Fuel Worldwide
Download full company analysis from Thomson First-Call
Burger Fuel doesn't rule out capital raising
Burger Fuel Worldwide: Closer look at Company Accounts
Analysis - Burger Fuel Worldwide: FY profit to 31/03/09
Burger Fuel: Running on Empty
Burger Fuel leaves investors hungryBurger Fuel management cagey over company progress
Burger Fuel cooks up Dubai deal
NZX share trades with strings attached
Don't buy Burger Fuel, yet
Burger Fuel: Inside info?
Burger Fool IPO: Burger Fool?
Exclusive Interview with Burger Fuel's Josef Roberts
Burger Fuel's Daytime drama
Burger Fuel share price out of gas
Beefing up store numbers
Director explains share price drop
Burger Fuel slims down in value
Burger Fuel and Coke
Marketing Burger Fuel's future
Pumpkin Patch VS Burger Fuel
Burger Fuel results and commentary
Discuss BFW @ Share Investor Forum - Register free
c Share Investor 2007
BFW
12/12/2007
HALFYR
REL: 1419 HRS Burger Fuel Worldwide Limited
HALFYR: BFW: Burger Fuel Worldwide Ltd Preliminary Half Year Results
Burger Fuel Worldwide Limited
Results for announcement to the market
Reporting Period 3 and a half months to 30 September 2007
Previous Half-year Reporting Period N/A
Amount (000's) Percentage change
Revenue from ordinary activities 1,400
Profit (loss) from ordinary activities after tax attributable to security
holders (1,355)
Net profit (loss) attributable to security holder (1,355)
Interim/Final Dividend Amount per security Imputed amount
per security
Record Date -
Dividend Payment Date -
Comments: See attached Directors commentary and following
To be followed by the balance of the information required in the report
pursuant to Appendix 1.
BURGERFUEL WORLDWIDE RESULTS TO 30 SEPTEMBER 2007
The directors of BurgerFuel Worldwide Limited (BFW) today reported an
un-audited loss of $1.35 million for the three-and-a-half month period to 30
September 2007, of which $991,000 represented costs associated with the
company's Initial Public Offering (IPO).
Of the remaining loss, the amount of $203,000 related to BFW's investment in
Australia, where the company opened its Kings Cross store on 7 October 2007.
BFW results for period 14 June to 30 September 2007
$(000's)
Operating Revenue 1,400
Operating Expenses * (2,755)
Loss (1,355)
* includes $991,000 of non-recurring costs associated with the IPO.
Directors say the loss is in line with the Boards' expectations after costs
associated with the IPO, as outlined in the company's prospectus.
They say continued losses of $50,000 per month are anticipated, but expect
these will progressively reduce as additional stores are opened.
Four additional BurgerFuel stores have opened since the incorporation of BFW
on June 14, one of which is company-owned. Total stores now number 24, of
which two are in Sydney, Australia. Of the 24 stores two are company owned
and the remaining 22 are franchised.
A further four new BurgerFuel stores are planned to open in this financial
year, at sites currently under negotiation.
BFW has four main areas of revenue: up-front franchise fees, on-going royalty
fees, sales of certain proprietary goods and store income from company-owned
stores.
System sales up 40%
For the 6 month period 1 April to 30 September 2007 (which included
pre-listing trading)
BurgerFuel's total system sales for all stores, from which BFW derived
franchise royalties were up 40% from $7.8 million to $10.9 million compared
with the previous corresponding period. Comparative results for same store
sales for the 6 month period were up 4%.
Following the company's NZAX listing, management has been firmly focused on
new store development and continued sales improvements and that in accordance
with the prospectus, BFW will continue to invest and expand the chain in New
Zealand as well as other potential markets.
To obtain an understanding of the overall consolidated trading results of the
BurgerFuel group of companies pre and post IPO for the 6 month period to 30
September 2007 the results are set out below:
Combined results pre and post IPO for the 6 month period, 1 April to 30
September 2007
($000's)
Revenue 2,336
Expenses * (4,284)
Loss (1,948)
* These results include non-recurring expenses of $1,321,000 for the
IPO.
A further amount of $298,000 relates to the costs associated with entry into
Australia.
BFW was incorporated on June 14, 2007. It raised $8M in its IPO. Funds have
been used for IPO costs, repayment of all loans and further capital
investment, such as the Kings Cross store.
BFW's cash reserves as at 30 September were $3,987,000. The company has no
borrowings.
For further information contact:
Josef Roberts
Director
021 444-786
Posted by Share Investor at 10:53 PM 0 comments
Labels: BFW, Burger Fuel