Dom Post reels in another Peter's payment

It just keep getting worse for the hapless, corrupt and corrosive old pensioner Winston Peters.

The forth, or is it fifth, secret cash payment to Peters or his party, New Zealand First, has been uncovered by the Dom Post this morning.

Once again Peter's denies and his own voters and the rest of us cannot trust an individual running for office until things are explained. But the baubled one wont.

Just goes to prove, when one is holier than though over stopping others from getting donations for running elections, in relation to the Electoral Finance Act that Peters trumpeted from his squeaky clean pulpit, one gets hoisted on ones own cross.

And he could have been Prime Minister.

Another NZ First donation revealed

By PHIL KITCHIN and MARTIN KAY - The Dominion Post Wednesday, 06 August 2008

Winston Peters rebuffs our interview request Video

Winston Peters' credibility is in further doubt, with new claims emerging that NZ First accepted donations from a Simunovich account.

The NZ First leader has publicly stated that the party did not receive money from Simunovich Fisheries, a heavyweight fisheries company.

But a well-placed NZ First source has told The Dominion Post that the party banked at least one cheque bearing the Simunovich name.

The latest revelation heaps more pressure on Mr Peters to answer questions about allegations around NZ First's political donations.

It came as he was referred to Parliament's privileges committee to face questions about a $100,000 donation to his legal bills from expatriate shipping billionaire Owen Glenn, which was not declared in the MPs' register of pecuniary interests.

Continued


Related Political Animal reading

Winston isn't a conspiracy theorist: Yeah right!
Winston Peters lost in Wonderland
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Discretion was the essential part of Vela Donation
Winston Peter's Glenn donation scandal: But wait, there is more!
Peter's hangs himself in February Paul Henry Interview
Peter's admits lying about Glenn donation
Winston's silence is telling
Labour gets tangled in Peter's lies
Leaked Glenn Email
Winston got secret donations from Owen Glenn
The Owen Glenn Story: Singing the same tune but hitting a bum note

c Political Animal 2008

Dirty, filthy politicians

c Blanch 2008

Things are getting filthy, but they are set to get even dirtier as the Socialist Labour Party and its supporters tussle to retain their tenous grip on the power that they crave.

Labour or New Zealand First had a stooge who infiltrated the National Party and taped conversations. Pretty low, but we know that already.

Imagine catching conversations at a Labour Party conference. Worse stuff would be dredged up there.

If we were at a number of Labour Party Election conferences over the last 9 excruciating years,we may have heard any number of secret agendas given air time.

Ms Clark could have been talking about the anti smacking bill, the removal of the Privy Council,the purchase of KiwiRail, the legalisation of prostitution, allowing Homosexuals to get married and a whole hot of other socialist meddling. None of these things were in the public domain and on the agenda before Labour was voted in.

True, National are keeping their cards close to their chests, but you have to in regards to Labour party bribes like The Working for Families welfare scheme, KiwiBank and other vote buying rorts.

When one threatens handouts to people, one can scare the natives. Labour have been canny to lock in that feeling of dependence on the State and it is hard to remove these welfare traps without removing your election night success.

c Political Animal 2008

Why Did you buy that stock? [Freightways Ltd]

Transport is a sector of New Zealand business that has done well ever since this country's inception.

Two narrow, mountainous main islands divided by a small body of water, with a sparse population make New Zealand's economy even more reliant on road transport of goods than any other country in the world.

We will always need good competitive transport companies to keep the economy moving.


Why did you buy that stock?

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Why did you buy that stock? [Mainfreight]
Why did you buy that stock? [The Warehouse]
Why did you buy that stock? [Goodman Fielder]Why did you buy that stock? [Auckland Airport]
Why did you buy that stock? [Sky City Entertainment]

Discuss Freightways at Share Investor Forum


I chose to invest in Freightways Ltd [FRE.NZ] principally because of this, although there are a raft of other key reasons as well. The fact that this industry is so essential to the economy means that it will always be around in some form or another. The certainty of that makes the criteria for investing a strong one for me.

The transport of goods around New Zealand is simple and easy to understand-for the operator and the investor. To operate such a business therefore is also simple and this has obvious advantages over the complexities of say the communications, computer and health sectors, which all require constant and costly updates to technology and the expense of training staff to keep up with that.

A truck, van, plane or boat pretty much stays the same, save for small changes over years.

What can I say, I am a simple kind of investor, and I like to understand the businesses that I invest in.

Unfortunately the simplicity of the transport industry, in this case Freightways, makes the barriers to entry for competition into its main operating areas: express package, business mail delivery, quite low.

It requires excellent management to keep competitors at bay and fortunately Freightways Managing Director Dean Bracewell and his board have provided a consistent approach to the day to day running of the company, in addition to a well researched approach to organic and acquistional growth.

The massive increases in business costs over the last several years; labour,energy, leasing and others, has been countered by cost savings in other areas while investment for future growth has been consistently rolled out where growth areas can be identified. All this and the company has still increased profit.

Tough economic times call for good management to get a company through the other side. The boys and girls at Freightways have proven their skills in this aspect.

As my readers will know, strong decisive management is important to the smooth, efficient running of a business and the team at Freightways have so far delivered for me.

Another good reason for me to buy this stock.

Freightways have a large stable of courier brands across New Zealand, from discount to the premium urgent delivery services, and the branding of these different services has been kept distinctly seperate. This keeps the brands uppermost in consumers minds and allows these respective services to target their consumers easily and keep them distinct from the myriad of competition from outside the company.

Branding is important to me and Freightway's strong courier brands, across a wide variety of income groups in the same industry make Freightway's courier business second to none.

I do like companies that specialize in one type of business, that way management are not easily distracted from their main core of operation and expertise-it is harder to get things wrong.

Freightways have expanded outside their core operations of delivery of packages and business mail but they are in related industries; document management and destruction companies based in New Zealand and Australia. A good compliment to their core operations but in tandem spreading the base of revenue across another business sector.

I paid $3.63 pr share in July 2006 and own the stock now for a cost of approx $3.10 after generous gross dividend payouts. The high dividend return is another reason I purchased this stock.

The last test in the latest Why did you buy that stock? series is whether I would still buy shares in Freightways today. Given the ability to get my hands on additional funds and a lower price than $3.10 per share the answer is a definite yes.

Disclosure I no longer own shares in FRE.

Freightways @ Share Investor

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c Share Investor 2008

Well done Cindy !

The success of the anti smacking law rolls on. Yesterday a 4 month old boy from Labour's big socialist welfare experiment, South Auckland, was sent to Starship Hospital with serious head injuries, suffered at the hands of his parents.

Cindy Kiro was on the ball as usual with this:

It was time something was done to ensure "we get it right for the next generation".

Wasn't the law that you were head stooge for supposed to do "something"? Shame on you Cindy and all those who supported the dodgy anti smacking law.

Getting hard on the detritus who do these sorts of things would be a bloody good start. Cindy and her ilk would rather punish good loving parents who want to keep their kids out of danger by allowing them to use a light smack to correct behaviour.

It is perverse that Cindy and her extreme socialist mates in the Labour Party have the whole thing back to front. That is socialism for you though. By its very nature it is dangerous, perverse, backwards, doesn't make sense and has led to much misery and eventually death, everywhere it has been practiced.

The 4 month old boy joins a long list of New Zealand child abuse victims. Despite the Labour led Government spending more than NZ 14 million on anti-violence campaigns, at least three children under the age of 5 have died at the hands of parents or others this year.

Many others have been seriously injured and the removal of section 59 just sits there blowing nakedly in the breeze, as a reminder of how thoughtless its proponents were

Hang your heads anti smacking zealots, your law is a resounding failure but the sensible among us, the majority of kiwis, already knew it would be before it was passed.

Related Political Animal reading

Police called as toddler fights for life
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

c Political Animal 2008