I understand their desire to do that, but I do not think it will be possible. Realistically they would have to pay $3.00 for MRP, $1.30 for MELCA to get to 90% compulsory acquisition and that would be financial suicide.
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I doubt they would do that, as in effectively confiscate for zero. We aren't in South America, more's the pity I like South American women... haha.
However they may pay the average of the market over say the previous months etc. The thing is if they come to power & the possibility is in the air would the price be higher or lower? Agree though they would have to legislate for it to happen. They may just agree to pay the issue price. Could be a good thing for share holders depending on where it is trading at the time.
Your not wrong there :) Indeed.
Compulsory acquisition, even at list price would set a dangerous precedent and many fund managers would pull investment from NZ causing significant problems. So they may threaten to do that as an election "gimmick" but will not follow through with it.
Normally I'd throw the voting papers in rubbish, but I will vote in favour of selling state assets.
I couldn't stand to listen to whining Russell and Cunliffe stating 90 % were not in favour of selling even though only 1 % of population voted.
I just had a thought... although its probably illegal... you could pick up all the voting papers that people are "binning" and have some extra votes as its a postal vote and not a ballot one :)
Aaah yeah its called electoral fraud. Quite illegal unless you are in the State of Florida of course & your brother is the governor! :cool:
^hahahahhaa Daytr very good