From the ignoramus Labour peasant panda-nz who wanted Ryman to borrow more money to do a share buyback when it was close to default on its burdensome debt.
Keep your bankrupt Labour thinking to your ilk.
Contemptuous laugh.
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Wayne Brown is in this terrible position because of the foolish profligacy of the previous two Left wing mayors ‘Pants Down’ Len Brown and Phil Goff. Billions and billions of debt piled up with absolutely nothing to show for it…..which seems to be the Labour way.
Ignoramus peasant panda-nz who wanted Ryman to pile up more unsustainable debt to do a share buyback when the company was close to default on its debts!
That's the pathetic level of intelligence & Bankrupt mentality exhibited by him and the leftist Auckland mayors Phil Goff and Len 'drop pants' Brown.
Time for a Cona coffee down the road Wayne.. .
$2.3 billion out of ‘shares’ and into paying off some of the debt mountain. Nothing ‘extra’ about that, it’s acting as a responsible city council with the priorities of a city council - rather than as a de facto investment entity.
Moreover, a council should stick to its knitting - providing essential services - rather than becoming a vehicle for forays into all sorts of other activities which quite frankly waste ratepayer money.
Auckland council credit rating: AA stable.
Bernard Hickey says selling the City's golf courses would make better sense, would make close to $3 billion and save more than $160 million per year.
Golf is hardly an essential service for Councils, whereas the Airport is a vital strategic asset.
Wonder why this alternative or better still a mix of both Airport shares & some courses isn't being discussed more widely?
Enlightenment anyone?