MMH - Marsden Maritime Holdings

[RTM]

Does anyone have any opinions about MMH should Winston Peters port relocation plan from Auckland to Northport gain traction? I know it would be a longterm project.Are we looking at another POT?

Would need some imagination and vision by multiple parties.
Imagine Auckland without much of a port. All that heavy traffic gone. A downtown stadium. Residential development all the way along the water front. All sorts of public access to the waterfront. A really nice cruise ship terminal. Wouldn't it be great ?
Would transform Auckland.

Imagine how much an active port would help Northland. A decent freight railway between Northport and Auckland / New Zealand.
Would transform Northland.

Not sure that it will all stack up in dollars and cents, how do you measure the social improvements ?

I hold a few, as always wish I had more, the dividend yield has been wrecked recently....not sure if I am happy or sad !

Cheers
RTM

[traineeinvestor]

While there are certainly some benefits to moving the port there are also a number of costs - including the headache of getting all the exports and imports to and from Northland by road and rail, the disruption to lives of many port workers who would be faced with a choice between uprooting themselves and their families and finding new jobs, the considerable environmental impact in Whangarei and the large number of dollars required to make it happen.

MMH should continue to do well regardless but the share price is now pricing in quite high growth expectations.

[Balance]

Would need some imagination and vision by multiple parties.
Imagine Auckland without much of a port. All that heavy traffic gone. A downtown stadium. Residential development all the way along the water front. All sorts of public access to the waterfront. A really nice cruise ship terminal. Wouldn't it be great ?
Would transform Auckland.

Imagine how much an active port would help Northland. A decent freight railway between Northport and Auckland / New Zealand.
Would transform Northland.

Not sure that it will all stack up in dollars and cents, how do you measure the social improvements ?

I hold a few, as always wish I had more, the dividend yield has been wrecked recently....not sure if I am happy or sad !

Cheers
RTM

http://www.radionz.co.nz/news/politi...rthland-peters

"The pledge is a cast iron commitment, he said, but was conditional on his party being in a pivotal position after the elections and voters in Auckland and Northland needed to adjust their ballot, he said."