Sun, 17 Jun 2012 6:15p.m.
State-owned Enterprises Minister Tony Ryall hasn't ruled out job losses and power price increases with the sale of state-owned energy companies.
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19/07/2012 9:08:41 p.m.
Ron Oliver wrote:
The Sale of large assets are essentially being pushed by large financial corporates who willingly lend large amounts of money through the banking system and later clean up and take over the assets after financial downturns which are often preplaned in advance.
19/06/2012 10:12:34 a.m.
Selling these assets should be the biggest issue we as Kiwi's need to be addressing. Once its done, there is no going back.
1)The average KIWI will not be able to afford to buy a significant number of shares.
2)Kiwi's who do will likely sell them when / if the price increases, or when they need to the cash.
3) Our assets will inevitably end up on offshore hands.
4)To increase profits, these companies will increase power costs. Its that simple. These profits will go off shore instead of to New Zealand. And the country will be poorer again.
Asset sales are a major error, and worse, difficult/impossible to reverse.
This should be our biggest fight with John Key and his team.
18/06/2012 4:03:33 p.m.
Why aren't we hearing anything about the price regulation on these companies once sold? Or about the systems in place to keep these assets in the hands of New Zealanders?
Mighty River Power shares debuted on the share market this afternoon, and immediately leapt 20c - or about 8 percent - in value.
All eyes will be on the Mighty River Power share price when the company lists this afternoon.
Finance Minister Bill English says the Government is "happy enough" with the price achieved for Mighty River Power shares.
Finance Minister Bill English has announced the share price for Mighty River Power this evening.
Shearer says it won't be difficult for anti-asset sales campaigners to collect the remaining signatures they need.
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