Tuesday, October 14, 2008
LIVE BLOG: Key VS Clark-The Debate
Posted by Share Investor at 8:35 PM 6 comments
Labels: Key VS Clark debate
Labour set to enter our bedrooms
The shower head saga has come to a head again.
c Political Animal 2008
Posted by Share Investor at 5:45 PM 0 comments
Labels: personal freedoms, politically correct
VIDEO: TV One/YouTube debate - John Key vs Helen Clark, 7.00pm Oct 14, 2008
Combatting Crime
Watch the first debate between National's John Key and Labour's Helen Clark, live on TV One at 7.00pm 14 October 2008.
Posted by Share Investor at 12:01 AM 0 comments
Share Investor Portfolio: Taking a beating
I haven't visited the old Share Investor Portfolio for a while to see how it is shaping up over all this global turmoil in our stockmarkets but I suspect it has taken more than a battering.
It might be good to share this with my readers so they can compare how well or indeed how badly they have done.
The biggest part of the portfolio, Sky City Entertainment [SKC.NZ] has dropped to NZ$2.91 as of today, Mainfreight Ltd [MFT.NZ] hovers just above 5 dollars , Fletcher Building Ltd [FBU.NZ] is below 5 bucks. Pumpkin Patch Ltd [PPL.NZ] is well below its IPO price of $1.25 and everything else bar Fisher and Paykel Healthcare [FPH.NZ] has had a good thrashing.
Including dividends, brokerage costs and tax credits the portfolio is down 0.75% .
So far it has withstood the riggers of the market rort but more bad news could come yet.
From Amazon
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Looking back @ the Share Investor Portfolio
Share Investor Portfolio - October 29 2007
Share Investor Portfolio - December 9 2007
I'm buying
I'm buying: Redux
Why did you buy that stock? [Sky City Entertainment]
Why did you buy that stock? [Pumpkin Patch Ltd]
Why did you buy that stock? [Mainfreight]
c Share Investor 2008
Posted by Share Investor at 12:01 AM 2 comments
Labels: share investor portfolio
FULL C-SPAN VIDEO: Third Presidential Debate: Hofstra University, Hempstead, NY, 15 Oct 2008
Posted by Share Investor at 12:00 AM 3 comments
Labels: Third Presidential Debate: Hofstra University Hempstead NY 15 Oct 2008
Monday, October 13, 2008
Labour backs dodgy finance company lending
Digging deeper into Labour's deposit guarantees for banks and other financial institutions we see that they have also backed dodgy finance companies, their free and easy lending practices and interrelated party lending-Doug Somers Edgar and his Money Managers crew must be running around in pure ecstasy right now.
Money Managers First Step gives investors the middle finger
Money Managers First Step saga: 3 Story wrap
Posted by Share Investor at 5:48 PM 0 comments
Labels: deposit guarantees, finance companies
Making Allowances for more votes
The cupboard is bare, the nations books revealed that when they were released last week. Labour and Michael Cullen has spent it all and we are in a recession with a global financial disaster a distinct possibility.
Posted by Share Investor at 5:14 PM 0 comments
Labels: Universal Student allowance
Is that it?
So Labours response to an economy in possible meltdown?
Posted by Share Investor at 5:53 AM 0 comments
Labels: economic meltdown, michael cullen
Sunday, October 12, 2008
National Party kick off election campaign
The kick-off to Nationals election campaign in Auckland today. Slick, full of detail and with a message of aspiration rather than the politics of envy:
I stand before you today full of confidence about New Zealand's future and full of the determination needed to lead that future.
Because I know you are looking for fresh leadership at this election and I am ready to step up and make sure you get it.
You are all rightly sick of political sideshows, bossy government, and yesterday's fights. You're sick to death of hearing about Winston Peters, and you're sick of being told what to do.
Posted by Share Investor at 6:17 PM 0 comments
Labels: National Party election kick off
POLL: TV One Colmar Brunton Poll: October 12 2008
Full Results
National has dropped back one point but it is still on 51%, well ahead of Labour, unchanged on 33%.
The Greens continue to gain ground, now on 8%. The Maori Party is not really featuring in the party vote, sitting just under 3%.
New Zealand First have crept up a little in the poll as have Act which is at 1.6%.
Translated into seats in parliament, National would govern alone on 63 seats, Labour would be in opposition with 41 seats and the Greens would have 10.
Assuming current electorate seats are held, the Maori Party gets four, Act two and United Future and the Progressives one seat each. Without an electorate seat, New Zealand first is out of parliament on these numbers.
In the preferred prime minister stakes, National leader John Key has come down a little but is still on first place on 39%. Labour leader Helen Clark is unchanged on 31% and NZ First leader Winston Peters has dropped back one point to 2%.
Clark launched Labour's election campaign on Sunday saying the government has a plan to cope with the economic crisis, including implementing a deposit guarantee scheme.
And Key kicked off National's campaign, saying National is the party to lead New Zealand out of the economic gloom.
Posted by Share Investor at 4:26 PM 0 comments
Labels: political poll, TV One Colmar Brunton Poll: October 12 2008
Labour dithers while economy is in danger of collapse
The world, and that includes little ole New Zealand is running close to the brink of financial collapse.
Posted by Share Investor at 3:18 PM 0 comments
Labels: economic meltdown, Micheal Cullen, Politicians and the Credit meltdown, sub prime
Learning from history

I haven't been purposely looking for an explanation of what is happening to global stockmarkets and what might happen to economies around the world but I stumbled on the following article from the Wall Street Journal when I was googling around for some info on Warren Buffett.
For me the following article puts the whole market frenzy and it current fear mode into sharp focus and gives some perspective, from history, about where we could be heading.
Here is a n extract from the article discussing Benjamin Graham's analysis of the US stockmarket in 1932:
Just eight days before the Dow hit rock-bottom, the brilliant investor Benjamin Graham -- who many years later would become Warren Buffett's personal mentor -- published "Should Rich but Losing Corporations Be Liquidated?" It was the last of a series of three incendiary articles in Forbes magazine in which Graham documented in stark detail the fact that many of America's great corporations were now worth more dead than alive.
More than one out of every 12 companies on the New York Stock Exchange, Graham calculated, were selling for less than the value of the cash and marketable securities on their balance sheets. "Banks no longer lend directly to big corporations," he reported, but operating companies were still flush with cash -- many of them so flush that a wealthy investor could theoretically take over, empty out the cash registers and the bank accounts, and own the remaining business for free.
Graham summarized it this way: "...stocks always sell at unduly low prices after a boom collapses. As the president of the New York Stock Exchange testified, 'in times like these frightened people give the United States of ours away.' Or stated differently, it happens because those with enterprise haven't the money, and those with money haven't the enterprise, to buy stocks when they are cheap."
After the epic bashing that stocks have taken in the past few weeks, investors can be forgiven for wondering whether they fell asleep only to emerge in the waking nightmare of July 1932 all over again. The only question worth asking seems to be: How low can it go?
Make no mistake about it; the worst-case scenario could indeed take us back to 1932 territory. But the likelihood of that scenario is very much in doubt.
The great Crash of 1929 was not the low for the Dow though, that came 3 years latter, when on July 9 1932 the index hit 41.63. It was down 91% from its level exactly 3 years earlier.
Out of the 1929 crash came Benjamin Graham and David Dodds Security Analysis, the handbook or bible for subsequent Wall Street practitioners. It is a shame that modern Wall Street types seem to have ignored the main message of this book though:
While we were writing,we had to combat a widespread conviction that financial debacle was to be the permanent order; as we publish,we already see resurgent the age-old frailty of the investor-that his money burns a hole in his pocket. But it is the conservative investor who will need most of all to be reminded constantly of the lessons of 1931-1933 and of previous collapses.
Security Analysis - From the preface to the 1934 edition
Graham went on to say that "fixed value investments" can only soundly chosen if they are approached form a viewpoint of "calamity".
The last part of Benjamin Grahams advice is perhaps the most poignant and relevant to today's situation:
In dealing with other types of security commitments, we have striven throughout to guard the student against overemphasis upon the superficial and the temporary...this overemphasis is at once the delusion and the nemesis of the world of finance.
Quaint English but nevertheless well worth remembering.
I will finish this piece with something that I was watching on Voice of America last night.
It was from an individual which I cant remember but a female who has studied the 1929 crash and the subsequent depression.
She said that the crash itself needn't have caused a depression but the reaction of President Herbert Hoovers administration did. At first the government did nothing and then when it realised things might be bad it did all the wrong things.
It will be interesting if the current Bush administration has learnt from history and whether the next President, probably Barack Obama, will copy Democrat President Roosevelt's blanket socialism of the 1930s and spend taxpayers money to stimulate future prosperity.
Given this it would be curious to know why the current Labour Government in New Zealand are doing nothing in the face of massive economic uncertainty.
Related Links
Graham and Dodds Security Analysis: A review- buy it or download a free copy
Related Amazon reading
The Great Bust Ahead: The Greatest Depression in American and UK History is Just Several Short Years Away. This is your Concise Reference Guide to Understanding Why and How Best to Survive It by Daniel A. Arnold
Buy new: $8.95 / Used from: $22.19
Usually ships in 24 hours
c Share Investor 2008
Posted by Share Investor at 10:16 AM 2 comments
Labels: 1929 crash, 2008 crash, Great Depression, Security Analysis
Friday, October 10, 2008
POLL: Roy Morgan Poll, Oct 10 2008
A big surprise from the latest Roy Morgan poll, is that it shows the gap between National and labour has narrowed to 3 percentage points.
Support for the Greens 9% (up 2.5%) has jumped to its highest level since April, while support for NZ First is 4% (down 1%), ACT NZ 3.5% (up 2%), the Maori Party 2% (up 0.5%), Progressive Alliance 1% (up 1%), United Future 1% (up 0.5%) and Others and Independents 1.5% (up 0.5%).
Continued
Roy Morgan Polls
Roy Morgan Poll: August 15 2008
Roy Morgan Poll: August 1 2008
c Political Animal 2008
Posted by Share Investor at 5:18 PM 0 comments
Labels: Roy Morgan Poll Oct 10 2008
Freedom Killer
Restrictions on what we can eat, drink, smoke, what we can say, how our kids play at school and whether we can discipline them, what light bulbs we can use at home, and now restrictions on how much water we can use when we are in our showers.
Posted by Share Investor at 12:01 AM 2 comments
Labels: freedom, shower with a friend
Warehouse bidders ready to lay money down
If you were reading the Share Investor Blog last Sunday you would have read my latest opinion over the long running The Warehouse [WHS.NZ] takeover saga.
I basically pointed out the news that came out today that The Warehouse have finally officially kicked their "Extra" format grocery stores into touch.
Personally I don't think The Warehouse gave the Extra format enough time and scale to succeed, at 3 years and 3 stores, though at least the cost of withdrawal will not be too cumbersome for the company and shareholders.
The focus now lay on what the two predators Foodstuffs and Woolworths Australia [WOW.ASX] will now do.
Late night meetings in both camps will be par for the course and we may see a bid next week subject to advice from legal counsel for the two companies and lawyers from the Commerce Commission.
Disclosure: I own WHS shares
The Warehouse @ Share Investor
The Warehouse set to cut lose "extra" impediment
The Warehouse sale could hinge on "Extra" decision
The case for The Warehouse without a buyer
Foodstuffs take their foot off the gas
Woolworths seek leave to appeal to Supreme Court
Warehouse appeal decision imminent
Warehouse decision a loser for all
Warehouse Court of appeal decision in Commerce Commission's favour
MARKETWATCH: The Warehouse
The Warehouse takeover saga continues
Why did you buy that stock? [The Warehouse]
History of Warehouse takeover players suggest a long winding road
Court of Appeal delays Warehouse bid
The Warehouse set for turbulent 2008
The Warehouse Court of Appeal case lay in "Extras" hands
WHS Court of Appeal case could be dismissed next week
Commerce Commission impacts on the Warehouse bottom line
The Warehouse in play
Outcomes of Commerce Commission decision
The fight for control begins soon
Related Links
Warehouse results
Audited Results for the financial year ended 27 July 2008.pdf (1MB)
Warehouse Corporate profile
2008 Interim Report
Shareinvestorforum.com -Discuss this company
Related Amazon reading
Joining Forces: Creating and Managing Successful Mergers and Aquisitions by Joseph E. McCann
Buy used from: $12.00
c Share Investor 2008
Posted by Share Investor at 12:00 AM 1 comments
Labels: foodstuffs, The Warehouse takeover, woolworths
Thursday, October 9, 2008
Labour gets dirty, again
Posted by Share Investor at 7:05 PM 0 comments
Labels: Labour Party spying, The Standard Blog
John Key's knock-out blow
Posted by Share Investor at 6:49 AM 0 comments
Labels: 2008 Election, National Party Policy, tax cuts
Wednesday, October 8, 2008
BOOK REVIEW: The Jewel of Medina by Sherry Jones
Availability: Usually ships in 24 hours 7 new or used available from $16.47 Average customer review: |
Product Description
Born Aisha bint Abi Bakr in seventh century Arabia, she would become the favorite wife of the Prophet Muhammad, and one of the most revered women in the Muslim faith. Married at the age of nine, The Jewel of Medina illuminates the difficult path Aisha confronted, from her youthful dreams of becoming a Bedouin warrior, to her life as the beloved wife and confident of the founder of Islam.
Extensively researched and elegantly crafted, The Jewel of Medina presents the beauty and harsh realities of life in an age long past, during a time of war, enlightenment, and upheaval. At once a love story, a history lesson, and a coming-of-age tale, The Jewel of Medina provides humanizing glimpses into the origins of the Islamic faith, and the nature of love, through the eyes of a truly unforgettable heroine.
Product Details
- Amazon Sales Rank: #88 in Books
- Published on: 2008-10-15
- Original language: English
- Number of items: 1
- Binding: Hardcover
- 432 pages
Editorial Reviews
About the Author
A professional journalist since 1979, Sherry Jones has won numerous awards and been published in magazines including Newsweek, CMJ, Southwest Art, and Rider. She is currently the Montana and Idaho correspondent for the Bureau of National Affairs, an international news agency in the Washington, D.C. area, and a correspondent for Women's e-News. The Jewel of Medina is her first novel.
Customer Reviews
A'isha is an unforgettable character!
This book is an exciting page turner that tells a wonderful and compelling story about the beginning and maturation of the relationship between the Prophet Muhammad and his favorite wife A'isha. Through that story we get not only to see A'isha's character grow and mature, but we also learn something of the struggle of Muhammad and his followers to practice their faith, and worship their God as they wished. In the hands of author Sherry Jones, A'isha is shown as a remarkable and irresistible character. How A'isha learns to deal with these obstacles, how she learns to live as one of several wives of the prophet, and how the experiences contribute to her growth and strength as a woman constitutes the central conflict in the story, and its resolution is truly beautiful. The Jewel of Medina is historical fiction in the best sense of the genre. Jones' writing style is a pleasure, always inviting us deeper into the story, often soaring, and is always a veritable feast of metaphors! It is, of course, written with modern sensibilities, and the author takes full advantage of artistic license to create vibrant and living characters from historic personages about whom little in the way of everyday detail is known. If "text book" history is sometimes modified to suit the dramatic requirements of giving us a forceful narrative, the story is accurately anchored in history at all the key points, and thus gives us non Muslims a glimpse into the very human side of Islam and its founding prophet, and and particularly of his plucky and adventurous favorite "jewel" of a wife A'isha.
Jewel of a Story
An interesting historical novel about the relationship between Muhammad and his real-life child bride A'isha, told from her perspective. There is genuine affection between the two, and Muhammad appears to regard her with special affection and respect despite the many demands made upon him as a leader. A'isha is shown to be an unusual young woman: wanting to prove her loyalty to Muhammad by actually scheming to participate as a combatant in the many battles that Mulhammed and his followers must win to survive.
Jewel of Medina is excellent
I have just read the Jewel of Medina and it is an inspiring, well written adventure that brings the early days of the Muslim religion to life. This is my first exposure to the Muslim culture and it is a very positive experience. Muhammad, A'isha and Ali become real people expressing honest human emotions and a genuine desire for creating a religion of peace, understanding and equality. This is such a relief from their minimalist image portrayed by today's Muslim extremists. The Jewel of Medina held my attention from the opening prologue and never faltered. It is fast paced, complex, emotional and even lighthearted as Muhammad, A'isha and Ali each evolve into powerful leaders for their faith. Read the Jewel of Medina for entertainment, understanding and compassion.
Buy The Jewel of Medina in electronic version for $7.99
Posted by Share Investor at 8:44 PM 0 comments
Flying High
News that Helen Clark took an Air force plane down to Invercargill to go electioneering for the grey vote yesterday should come as no surprise to kiwis.
Posted by Share Investor at 7:06 PM 0 comments
Labels: Helen's Mercy Flight, Hlen Clark
National's Tax Cuts lack bite
Posted by Share Investor at 6:15 PM 0 comments
Labels: National tax cuts package, Policy
C-SPAN VIDEO: Full Second Presidential Debate-Belmont University, Nashville TN, Oct 7 2008
Posted by Share Investor at 5:30 PM 1 comments
Labels: Second Presidential Debate: Belmont University Nashville TN, US Elections, US Politics
POLICY: National's Full Tax Plan
National's Leader John Key has announced his party's tax package, which details changes to personal income tax rates and thresholds, and the introduction of an Independent Earner Rebate.
"Taxes affect decisions to work, save, spend, or invest, so tax can have a big impact on economic growth and future prosperity.
"Our tax policy is one of responsible reform. People want to know that valued public services will be protected and that effort will be rewarded. Business wants to know that competitiveness will be maintained and that consumer confidence will be supported."
Mr Key has reiterated that the package announced today requires no additional borrowing, or cuts to frontline services to fund it.
"There is, in fact, a small saving to be made, of $283 million, which will be used to begin reducing the operating deficit.
"The 2008 package sets out a three-year programme of personal tax cuts beginning 1 April next year. It delivers rate and threshold adjustments that will see those on the average wage better off by $47 each week."
As National has previously stated, this includes the just-introduced October 1 tax cut.
Mr Key says National will also introduce a weekly rebate for independent earners. These are personal income-tax payers with an annual income between $24,000 and $50,000 and who do not receive any form of financial entitlements from the government.
The rebate in 2009 will be $10 per week ($520 a year) and will increase to $15 per week ($780 a year) from 1 April 2010.
"We have ensured that our 2008 package is appropriate for the current conditions. We have also ensured that it does not restrict future movement on rates and thresholds. Taxpayers won't have to wait nine years to get a tax cut under National.
"Our medium-term goal is to deliver a three-tier personal tax system with the highest rate of no more than 33% on income above $50,000. This is what we will work towards as future economic conditions allow."
Click to download Tax Policy Paper (PDF)
Posted by Share Investor at 5:12 PM 0 comments
Labels: National Party Tax Plan, Policy

