Monday, December 24, 2007

Merry Christmas and NZX holiday trading hours

I just want to thank all my readers for continuing to check out the Share Investor Blog during 2007 and I want to wish you all a very happy Christmas and a safe and very prosperous New Year.

I will be checking in momentarily over the summer break and will furnish the inaugural Share Investor best and worst of 2007 for the financial sector before years end.

Until then why not check out my companion site Political Animal best and worst of 2007 for my pick of the rogues and heroes in New Zealand politics for 2007.

Just a note for NZX market watchers. The NZX closes today early at 4.00pm and resumes for normal hours again on 27 December.

For more details of the coming NZX holiday hours please check here.

Cheers,

Darren Rickard


C Share Investor 2007

Sunday, December 23, 2007

Political Animal: Best and worst of 2007

In the spirit of this season and in the spirit of giving, Political Animal would like to hand out presents for those politicians who went above and beyond the call of duty to single themselves out for attention in 2007.

Lets face it politics is a dirty business, and politics has been especially filthy this year.

It hasn't escaped me this time of year, you creationists out there may have been looking for evidence of Darwin's evolution and modern humans relationship to our cousins the apes, and one doesn't have to look further than Parliament in Wellington to see clearly that some modern humans have failed to evolve and apes they still are.

Nail in Labour's Coffin


Emmerson NZ Herald 19 Dec 2007


In fact some in the Labour Party clearly fail to reach ape like status.

Anyway, that is enough of the serious stuff, lets get on with Political Animal's inaugural 2007 best and worst of Politics.


Man of the year

John Boscowan, for showing opposition to the Electoral Finance Act, putting his money where his mouth was and organising huge opposition to to the fascist, Stalinist, bill that will remove free speech in election year 2008.

His courage and conviction for such a noble cause, in the face of Labour lies and innuendo, where there is usually little courage and no conviction instills pride into myself and others who marched down this countries streets to fight for our rights to have our say.

Boscawan is an individual whose qualities are rarely seen in New Zealand.

He stands above all others.

Disgrace of the year

The passing of the Electoral Finance Bill.

Whopper Lie of the year (sponsored by Burger Kings vegan vege burger)

Sue Bradford, former Miss New Zealand and now Green Party member told parliament that her anti smacking bill wasn't introduced to stop parents from smacking their kids lightly to stop them from crossing the road without looking and then when the bill became an act she said this was the kind of scenario that the bill was passed for.

Best punch and bully of 2007:

The obvious choice for this is of course Trevor "The Bash" Mallard, for trying to deck Tau Henare in Parliament and then unwisely picking on several women state workers, forgetting of course that his boss is a woman....hmmmmm....oh come on Darren that is a cheap shot.

Wanker of the year (sponsored by Durex condoms)

It just has to be that best dressed clothes horse and Taurangas answer to Don King, the heavyweight boxing promoter, Winston Peters.

There is so much material about Peters in 2007 that puts him in the Wanker of the year category. His intellectual masturbatory "gifting" of $158,000 of taxpayer money to a children's hospital instead of giving it back to those it belongs to defies logic.

We all know Winnie and logic fast became strangers when he confused his balls for baubles in 2005 and decided to take the booty instead of smacking the booty of Clarke and co.

His curious affection for Condi Rice also has tongues wagging in Wellington and closer to home, the marital bed.

Leader of the year

John Key, the Leader of the National opposition party finished the year as the most preferred Prime minister and so did his party, by a country mile. He is a man who's time has come and 2008 could be his year.

Disappointment of the year

Once again John Key, he voted for the piece of crap anti smacking bill and systematically drove a wedge into his major support.

Hot air award (sponsored by Exxon Mobil)

To those of all political parties who continue to support the myth and lie of man made global warming and are heading New Zealand on a path of economic destruction and poverty not seen since the great depression and the poppy rush in Europe 400 odd years ago, for no good reason other than politics, taxation and control.

Fool of the year

Micheal Cullen wins streaks ahead of anyone else for this category.

A collective who is so confused by how economies work he thinks governments can spend taxpayer money and not have an effect on an economy but when individuals and companies spend their own money they do!

October 2011 will see this historian look back on 2008 and see that his tax cuts of that year were too little too late for the economy and also failed to have himself and his mate Helen reelected.

Quote of the year (sponsored by Carbon footprints)

"scumbag, scumbag, scumbag, rich prick.." all directed at John Key in the house in December and sums up in 3 words what Cullen and the Labour Party think about those that have made a success of themselves in life.

As long as you don't do better than anyone in the Labour Party, who are ironically mostly from very privileged backgrounds, then you are above reproach.

Micheal Cullen, extremely wealthy himself, not that here is anything wrong with that, should be praising those that do well.


Dope/s of the year

Nandor Tanchos and his party the Greens for railing against gambling, smoking, alcohol, fatty and sugary foods while at the same time advocating the use of marijuana and"party pills" .

Defies belief and conscious thought.

Perhaps the Greens were unconscious when taking their stance on the "ills of society".

Positive media stance of the year

The New Zealand Herald's stance on the Electoral Finance Act. Never before has any media got it so right.

Disgraceful media stance of the year

Russell Brown, John Campbell, Chris Trotter, Al Gore, Findlay MacDonald, and his wife and their mates from NZ's overwhelmingly leftist media pushing the spin that the left do so well.

Repeat a lie often enough and eventually people will believe it.

Racist of the year

Willie Jackson from Radio Live, who calls himself a "Political Animal", he is right on the last part.

Willie gets off on calling people who disagree with him racist while at the same time peddling something akin to the likes of Mugabe.

Little Willie, as his wife affectionately calls him, is also on the state tit and definitely has a face for radio.

To be avoided in 2008.

Caught in the headlights award (sponsored by Wilson Tennis Raquets)

To David Benson Pope for not seeing the car driven by Helen Clark, at 170km pr hr, speeding to cut him down for stuffing tennis balls in children's mouths 20 years ago while still a teacher.

Broadcaster of the year(sponsored by Newstalk ZB)

Leighton Smith, for saying it like it is on his morning show on NewsTalk ZB.

Talkback straight to the point and with intelligence, Smith took no prisoners in 2007. His education of those ignorant to the garbage extolled by the global warming zealots was a high point.

Essential listening for 2008. (back late January)

Loser of the year (sponsored by the New Zealand Labour Party)

The last but not least category is taken out by none other than our favourite Aunt, Helen Clark.

Helen takes out this years award for loser of the year for one main reason, although there are a myriad of others.

Helen managed to take her party from being ahead in the polls and her as Prime ministerial fave, to sinking any chance that her party might have in the 2008 Elections.

She got it wrong all the way through 2007.

The anti smacking bill, Electoral Finance Bill and the failure to be punished for stealing $800,000.00 of taxpayer money to buy the 2005 election were all black marks against her and her party.

The arrogance and high handedness and the dictatorial nature of her leadership let her down time and time again and even long time Labour supporters are questioning their allegiance to a person who would pass laws to stop free speech and interfere with their lives as individuals.

Political Animal wishes all its readers a very Happy Christmas and a wonderful and overwhelmingly prosperous New Year.


C Political Animal 2007







Saturday, December 22, 2007

Media Release (21.12.07, NZ time) Auckland Airport signs confidentiality deed

Important additional information regarding the Auckland Airport takeover:


21 December Media Release:

The directors of Auckland International Airport Limited (Auckland Airport) have signed a confidentiality deed with an international party which has expressed interest in the company.

Chairman of Auckland Airport, Tony Frankham, said the party had initially expressed an interest when the board asked its financial advisors to seek any other takeover offers in November.

Following the signing of the confidentiality deed, this party has been provided access to preliminary due diligence.

"This party is the one referred to in our Target Company Statement sent to shareholders. We are releasing this notice today to confirm the position to the market.

Auckland Airport will keep the market informed of any significant developments with this party or any other party should they come forward" he said.

Mr Frankham said that Auckland Airport has also received formal clearance from CPPIB to seek other proposals while the partial takeover offer is open to shareholders.

"A provision within the CPPIB takeover offer prevented this, however, CPPIB has advised that it will not apply this provision to any process we undertake to identify alternative proposals which need not necessarily be takeover offers.

Therefore we will begin a new process early in 2008 to seek a partner who better meets the criteria established by the board. However, the directors consider that the outcome of this process will not be known until well after the CPPIB takeover offer closes on 13 March" he said.

Earlier this week directors recommended that Auckland Airport shareholders reject the partial takeover offer being made by CPPIB for the 39.53% of the Auckland Airport shares not already held by CPPIB at $3.65 per share and hold their shares.

A copy of the Target Company Statement including the independent adviser's report is available on the Auckland Airport website www.auckland-airport.co.nz and has also been sent to all shareholders.


Essential Links:

Download Target Company Statement, 2.8MB PDF Released 21 Dec (NZ time)
Reuters (update 2, 9.30am 21 Dec EST)
Speed it up say Canadians NZ Herald (22nd Dec NZ Time)
Mystery Airport Suitor gets due dilligence Stuff Website
(22nd Dec NZ Time)


C Auckland Airport & Share Investor 2007

Thursday, December 20, 2007

Auckland Airport directors bribe brokers

The contempt that I feel over Auckland Airport management paying brokers to advise their clients who are thinking about selling not to vote for the Canada Pension Plan Investment Board buyout of a 40% stake in the port is only matched by my anger over who is doing it.

http://www.nztp.net.nz/auckland-airport.jpg
The Auckland Airport board is essentially
bribing brokers to advise clients not to sell.


Lloyd Morrison and company have allot of questions to answer.

I was hacked off by some of the directors that were voted onto a new board at the end of November and mentioned various agendas that might have been on the table and it looks like the current crop of board members will do just about anything to fulfill whatever their agendas are.

Forgetting all about their shareholders and basically treating them like mushrooms who are too thick to make up their own minds, they are bribing brokers with their own money in order to get their own way!

All the board should have done is present their retort to the CPPIB bid and then let shareholders sift through the information and then it is up to them to decide whether they will part with their own property.

It doesn't bode well for minority shareholders like myself, who's rights as Auckland Airport shareholders are being stomped on at every turn.

With this sort of single minded attempt to run a public company like a family dynasty, Auckland Airport directors need to take a good hard look at themselves and ask one salient question.

I'm I doing this job for my own benefit or for the benefit of shareholders, as I was elected to do?

Shareholders need to fight back and make it clear to their employees, the directors, that this sort of immoral practice is not acceptable.


Disclosure: I am a Auckland Airport shareholder


C Share Investor 2007