MMH - Marsden Maritime Holdings

[whatsup]

Come on, whatsup - easy $1k for you to make.

We going to play?

Bal, Do you want to play the "big swinging dick game " ?

[Balance]

Bal, Do you want to play the "big swinging dick game " ?

You have been caught out, whatsup.

Don’t dig the hole any deeper.

[Timesurfer]

I am happy to announce the winner as the first one to give me 1000 of your OK 29c shares

[traineeinvestor]

IIRC, logs are a significant part of MMH's business. Any idea how much they are being affected by the halt on exports to China?

Disclosure: Held

[Lunar K9]

Sounds like it. Who is the BSD?

[Aaron]

IIRC, logs are a significant part of MMH's business. Any idea how much they are being affected by the halt on exports to China?

Disclosure: Held

Looking at the 2019 annual report Bulk cargo at Northport was 3,387,000 tonnes of that 2,651,000 was logs or 78% that probably does not include "other forestry".
The port is almost entirely forestry. Hard to see it not being affected by a halt in exports. I guess it depend on how long the halt is for.

MMH though is not Northport which runs the Port. MMH is a 50% shareholder of Northport along with the Port of Tauranga. So hopefully the property revenue is coming from Northport and isn't based on turnover. We will still lose on the Port returns but POT shareholders can pay 50% of the rent. (No idea if this is the case)

Longer Term
Another opinion piece, seems reasonable.
https://www.msn.com/en-nz/money/news...cid=spartanntp

[RTM]

Looking at the 2019 annual report Bulk cargo at Northport was 3,387,000 tonnes of that 2,651,000 was logs or 78% that probably does not include "other forestry".
The port is almost entirely forestry. Hard to see it not being affected by a halt in exports. I guess it depend on how long the halt is for.

MMH though is not Northport which runs the Port. MMH is a 50% shareholder of Northport along with the Port of Tauranga. So hopefully the property revenue is coming from Northport and isn't based on turnover. We will still lose on the Port returns but POT shareholders can pay 50% of the rent. (No idea if this is the case)

Longer Term
Another opinion piece, seems reasonable.
https://www.msn.com/en-nz/money/news...cid=spartanntp

Old perspective...… Oct 19
I urge everyone interested in this to read the various official reports. Here is the link to them.

https://www.transport.govt.nz/multi-...hain-strategy/

Going to be an interesting year.

[Balance]

Old perspective...… Oct 19
I urge everyone interested in this to read the various official reports. Here is the link to them.

https://www.transport.govt.nz/multi-...hain-strategy/

Going to be an interesting year.

Forgone conclusion with the election on a knife-edge that this government will be required by NZF & Winston to throw everything at Northland to retain power - that's all they have.

[Marilyn Munroe]

I am concerned by the political risk attaching to the Marsden Point develoment, associated rail spur and upgrades to the North Auckland Line.

The New Zealand First Party, Winston Peters, and Shane Jones are seen as the cheer squad for these developments. On current polling a National lead government is most likely.

My concern is the National Party who are not railway friendly anyway will celebrate victory by taking utu on what they regard as their political enemies folly.

Boop boop de do
Marilyn

[Balance]

I am concerned by the political risk attaching to the Marsden Point develoment, associated rail spur and upgrades to the North Auckland Line.

The New Zealand First Party, Winston Peters, and Shane Jones are seen as the cheer squad for these developments. On current polling a National lead government is most likely.

My concern is the National Party who are not railway friendly anyway will celebrate victory by taking utu on what they regard as their political enemies folly.

Boop boop de do
Marilyn

National will not risk reversing the initiative to lose the Northland ground - which they did in the by-election before GE 2017 if you remember to Winston.