Another failure of Helen Clark's anti smacking brigade.
The Christchurch man accused of assaulting his two young sons will face trial.
In January, Jimmy Mason claimed he was harassed by the police when he was spotted publicly disciplining his four-year-old son. As reported he flicked his sons ear when one of his sons put another in physical danger and was subsequently injured. Mason was surrounded by six police officers minutes after a teacher, witnessing the flick of the ear by the father informed an off duty female cop.
Police initially issued the man with a warning but will now prosecute him.
Those who supported the removal of section 59 to allow decent parents to discipline children said this sort of prosecution would not happen.
There have been many other parents similarly hounded and harassed by PC PCs since the section's removal, for lightly smacking their children.
The shame just continues.
In a related story, the petition for a referendum to repeal the new anti smacking law has officially succeeded, with 310,000 votes collected.
A referendum on the issue must now be held but well known anti democracy campaigner, Prime Minister Helen Clark asserts that there is no time to have it before the 2008 election.
Clark wants the referendum done separately.
It will cost around $10,000,000 extra to have a separate referendum.
Related Political Animal Reading
Sascha Cobern's letter a smack in the face for Deborah Morris-Travers
Sascha Cobern's letter to the Editor of the NZ Herald
Anti-smacking petition a slap in the face for out of touch Politicians
Cindy Kiro gets violent
Sue Bradford strikes out: Again
Anti smacking law puts young boy at risk
c Political Animal 2008
Friday, August 22, 2008
Man faces trial for flick of child's ear
Posted by Share Investor at 2:56 PM 0 comments
Labels: anti smacking bill, Jimmy Mason, Man flicks childs ear, section 59
Ports of Auckland put a shot over competitor's bow
"Buy a business that an idiot can run, because sooner or latter an idiot will run it"
In this case the idiot or idiots are management at Ports of Auckland.
They fit the idiot moniker simply because they had a chance to merge with POT in 2006-07 and after much posturing by both sides, but mostly from Ports of Auckland, POA simply walked away from a possible deal because management couldn't deal with the fact that Port of Tauranga was worth more than Ports of Auckland and wouldn't budge from that stance because of petty local politics.
The Auckland port company like the look of Port of Tauranga's container facilities at Onehunga on the Manukau Harbour which is south of Ports of Auckland's main port on the Waitemata.
Unlike Auckland's big port in Auckland's CBD, POT's Onehunga container hub has scope for expansion and is in a area of high industrial growth and also close to Auckland Airport [AIA].
Port of Tauranga chief executive Mark Cairns wasn't keen on the idea of Ports of Auckland buying the Port of Tauranga container business but had this to say about a marriage between the two port companies.
"...always held the view that a full merger of Port of Tauranga and Ports of Auckland makes very good sense. That view has not changed"
Cairns is clearly right.
New Zealand is a very small market and it would make financial and logistical sense to merge the two businesses.
The capital expenses of expansion to encompass the much larger ships that shipping lines want to use would make the merger of these two ports sensible to say the least.
Port of Tauranga are in the box seat though. Their company has more geographical space for expansion at their locations and that is one reason why POA want them. The company is leaner and better managed and last but by no means least they are unencumbered by the politics that surround the ratepayer owned Ports of Auckland.
Port of Tauranga shareholders shouldn't lose all hope though and shouldn't think of selling their shares, yet.
It looks like the shots across the bow have just started, Ports of Auckland new managing director Jens Madsen says he wants to "buy POT's container business" and Port of Tauranga chief executive Mark Cairns reckons that portion of his business is "...worth substantially more than Ports of Auckland's container business".
Whatever the case it looks like this is the beginning of some sort of marriage process and it will no doubt send the POT share price in a northerly direction.
Lets hope the dropkicks at Ports of Auckland can let politics take a back seat to business acumen this time.
POT @ Share Investor
Long Term View: Port Of Tauranga Ltd
Port in a storm
Ports of Auckland put a shot over competitor's bow
Discuss POT @ Share Investor Forum
c Share Investor 2008
Posted by Share Investor at 12:01 AM 0 comments
Labels: port of tauranga, Ports of Auckland, POT
Thursday, August 21, 2008
Condoms VS Herceptin
An appallingly bad decision by a politically correct New Zealand drug funding body, pharmac has led to the bizarre situation whereby the body is funding garbage like flavoured condoms instead of top notch life saving and life improving drugs like the anti cancer drug Herceptin and the best drugs for heart, arthritis and all sorts of other ailments.
Posted by Share Investor at 8:35 PM 0 comments
Labels: flavoured condoms, Herceptin
Domino's Australia dominant in Australasia
Domino’s Pizza [DMP.AX] is the largest pizza chain in Australia, in terms of both store numbers and sales. It is also the largest franchisee for the Domino’s Pizza brand in the world.
Domino’s Pizza Australia now encompasses five countries, with more than 720 stores employing approximately 14,000 people and making more than 60 million pizzas a year.
The Domino's brand is owned by Domino's Pizza, Inc [DPZ.NYSE] a listed US company.Domino's shares were down by 29c or 8.29% to AU$3.21 on the ASX today. Probably due to a slump in sales for the year. Profit however, was up by almost 30% compared to the previous year.
While Australian based Domino's dominate the New Zealand and Australian pizza market, it is leaving its competition in the dust.
Domino's total same-store sales grew 4.1 per cent over the last year, while its main competitor in New Zealand-Restaurant Brand's [RBD.NZ] run Pizza Hut-same store sales declined 7.1% for the 12 weeks ending 19 May 2008. That quarters total sales were $15.2 million, a decrease of 13.3% over the prior period.
As a customer one can tell the different immediately from the Domino's vs Pizza Hut experience.
Domino's generally has fast efficient friendly service, excellent pricing and a good line of pizza offerings and toppings Their pizzas and marketing are well excecuted.
It is the opposite at Pizza Hut; slow, rubbish service, unfriendly, extremely bad marketing and a disappointing menu and quality of food.
Apart from the differences above Restaurant Brands manage its pizza brand badly. I suspect much direction is from head office and the local input from sub par managers to bolster young uninterested staff to treat customers better is clearly missing.
Domino's New Zealand stores, which number 72 and will max out at 85, are franchisee run while Pizza Hut are company managed in NZ with a parent franchiser YUM! Brands Inc [YUM], based out of the US.
Having the owner running the business at store level is the important difference and another reason why Domino's will continue to kick Pizza Hut around in the coming years
The ASX-listed company yesterday announced net profit after tax for the year ending June 29 was A$11.8 million ($14.42 million), up from A$9.1 million last year.
The Australia-New Zealand market revenue for the group - which has outlets in New Zealand, Australia, France, Belgium and the Netherlands - fell from A$180.4 million to A$160.7 million.
Chief executive Don Meij said he was confident New Zealand operations would continue to perform strongly, regardless of the current recession.
"Pizza's very resilient in economic downturns. We think we're going to ride through whatever economic challenges are out there."
Domino's Australia is a well run company and a must for investors who want exposure to a listed Australasian fast food company but don't have the patience for the slack management at Restaurant Brands to get things right.
Related Share Investor reading
Restaurant Brands Pizza Hut faces further competition
Related Amazon reading
Pizza franchise operator seeks shelter of Chapter 11 bankruptcy. (Karam Enterprises Inc., Domino's Pizza franchisee) (company profile): An article from: Fairfield County Business Journal by Joan StablefordBuy new: $5.95
Available for download now
c Share Investor 2008
Posted by Share Investor at 7:10 AM 0 comments
Labels: Dominos Australia, Franchising fast food