Thursday, December 13, 2007

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





Wednesday, December 12, 2007

Burger Fuel results and commentary


Image result for burger fuel


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)

Image result for burger fuel


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


Bollard sits on his hands

Alan Bollard rattled his sabre again last week.

Keeping the cash rate at 8.25% while telling us inflation was a risk down the road.

Well helloooo! could one of the reasons to the risk of inflation be your 4 rate hikes this year and multiple ones over the last few years?

The short answer is yes but the less interesting answer is that Bollard is clearly out of his depth.

Barely able to see over the rims of his accountant style glasses, he rarely has the vision to see further than what happens from day to day..

Instead of dropping the cash rate, as he should have, he risks putting the New Zealand economy at the sort of risk the Labour Government has put it under for the last 8 stifling years.

Labour did it with world record breaking high taxes, removing cash and investment from the economy and Bollard did it with the worlds highest interest rates outside the worlds other banana republics, ditto removing cash from street level and strangling productive investment, savings and business.

World economies are cutting rates to stimulate economies and Bollard sits on his hands. It looks like he will only move once the economic cycle we are in is in the middle of a meltdown.


Related Share Investor reading

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c Share Investor 2007

Restaurant Brands: No reason for optimism in latest sales figures


Frankly if Van Arkel doesn't know why 2007 3rd quarter sales at Restaurant Brands Ltd [RBD.NZ] Pizza Hut are sliding and surmises that one reason might be that Pizza Hut customers are now shopping at KFC because of the marketing then I'm surprised if he knows what day of the week it is.

Has van Arcle ever ordered a Pizza from his own company?

I don't think so, because if he did he would find out the reason why Pizza Hut sales are doing a Hindenburg.

Its truly a horrible experience getting a pizza from this company. With phone customers there are inaccurate orders taken and the in-store experience with waiting times, if you can get past the surly staff, is quite often something akin to waiting for Led Zeppelin reform(OK, hang on they have, The Beatles then)

Customers are simply voting to go elsewhere, mostly Dominoes, where they get better food, service, prices and a ten minute wait.

A new "cheesy crust" pizza is picked to rescue sales in the coming quarter!

There is also talk of a "new look" for Pizza Hut next year. More capital expense and suffering shareholders as a result.

It really is the same crap from this management every sales/profit announcement, some lame excuse why sales are bad and promises that some new marketing scheme or food item will reverse fortunes.

Never a finger pointing at bad service, at themselves.

Increased KFC sales through the "transformation" of stores are being disingenuous to say the least.

Management are siting "record" sales at its fried chicken restaurants but the facts are that the year they might be comparing this latest result to, 2002, KFC did $177.1 million in sales.

If you add the 2007 cumulative 3 quarter total of $151.8 Million to say a generous $48 million final quarter, you are still just shy of $200 million, an approximate 12% rise in dollar sales since 2002. Factoring in a generous 3% annual inflation since then though and sales are 3% down since their record listed year in 2002.

If you add in the increased wages bills, power, ingredients and store refurbishment costs you can see management are still way behind the 8 ball.

And they have Red Rooster, Nandos and Oporto nipping at their heals. Red Rooster will be a big problem for them in the future as their food and service levels are far higher in my experience and they are a full service QSR, with drive through takeaway and sit down.

What can one say about their Starbucks units. Sales are increasing but still yet to turn a profit on top of horrendous overheads, especially lease arrangements.

Regular readers of my columns on this subject will have heard this before. Restaurant Brands needs a clean our from the top, a new head and associated management and a new service focused direction.

Dressing up stores is only going to last song long, putting the S back in service will keep customers coming back for more.

On a more positive note for the company, its shares were up by 1c today to 91c.



Restaurant Brands @ Share Investor


Finger Lick'n Good Management
Chart of the Week: Restaurant Brands Ltd
Long Term View: Restaurant Brands Ltd
Stock of Week: Restaurant Brands Ltd
Restaurant Brands: Buy or Sell ?
Pizza Hut sell-off provide opportunities all-round
Danny Diab & Restaurant Brands
2008-2009 KFC sales figures mislead investors
KFC Finally Flying
Starbuck's New Zealand Cup doesn't runneth over
RBD gives KFC a push
McDonald's playing chicken with KFC
Restaurant Brand's Pizza Hut faces increasing competition
RBD sales analysis
RBD saga continues: CEO leaves
The secret recipe is out
2007 FY profit analysis
Delivering increased profit in October 2007
No reason for optimism in latest sales figures

Discuss RBD @ Share Investor Forum

Download RBD company reports

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Fishpond



c Share Investor 2007