sharetrader
Page 1 of 74 123451151 ... LastLast
Results 1 to 10 of 736
  1. #1
    Senior Member
    Join Date
    Oct 2013
    Posts
    898

    Default MMH - Marsden Maritime Holdings

    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?

  2. #2
    percy
    Join Date
    Oct 2009
    Location
    christchurch
    Posts
    17,221

    Default

    Winston's port relocation bribe, was solely to get himself re-elected in Northland,and Shane Jones elected in Whangarei.
    Neither happened,or will ever happen,so the port relocation is dead in the water.
    Last edited by percy; 25-09-2017 at 11:33 AM.

  3. #3
    Legend Balance's Avatar
    Join Date
    Feb 2003
    Posts
    21,481

    Default

    Quote Originally Posted by percy View Post
    Winston's port relocation bribe, was solely to get himself re-elected in Northland,and Shane Jones elected in Whangarei.
    Neither happened,or will ever happen,so the port relocation is dead in the water.
    Legacy, percy.

  4. #4
    Member
    Join Date
    Aug 2015
    Posts
    388

    Default

    This years election will be the last time imo that NZF goes to the trough.

  5. #5
    Advanced Member
    Join Date
    Apr 2008
    Location
    Kerikeri
    Posts
    2,468

    Default

    Quote Originally Posted by Sgt Pepper View Post
    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

  6. #6
    Member
    Join Date
    Mar 2014
    Location
    In Exile
    Posts
    337

    Default

    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.

  7. #7
    Legend Balance's Avatar
    Join Date
    Feb 2003
    Posts
    21,481

    Default

    Quote Originally Posted by RTM View Post
    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."

  8. #8
    Guru
    Join Date
    Jul 2002
    Location
    New Zealand.
    Posts
    4,411

    Default

    972,000 containers were off loaded in Auckland last year all of that will have to be transported down to Auckland, at whose cost?
    For the cars alone that were offloaded in Auckland last year there would be a carhauler travelling through Wellsford every 6 minutes each and every day so those cars can get to the distribution market and onto car yards, who pays ?
    IMO Winstone is a nightmare waiting to happen, IMO Winstone is a w@nker !

  9. #9
    Senior Member Marilyn Munroe's Avatar
    Join Date
    May 2010
    Location
    Hollywood
    Posts
    920

    Default

    Ask Northlanders if they would be interested in a transport solution which removes a large number of logging trucks from their roads.

    As I said in a post in the elections section the cost of building a rail spur line to the port is minimal when compared to Nationals grandiose road building plans.

    Boop boop de do
    Marilyn
    Diamonds are a girls best friend.

  10. #10
    IMO
    Join Date
    Aug 2010
    Location
    Floating Anchor Shoals
    Posts
    9,696

    Default

    Yes very sensible and practical and at minimal cost .

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •