CHC Airport

[Oliver Mander]

Notwithstanding that it all comes down to price...but would anyone here be interested if there was a partial float of this particular asset?

https://www.stuff.co.nz/the-press/ne...1-billion?rm=m

My vote = definitely...

[minimoke]

I used to own shares in Lyttelton Port and did quite nicely out of them.

I am light on local infrastructure shares so would definitely have a look at it with a positive eye.

[Lola]

notwithstanding that it all comes down to price...but would anyone here be interested if there was a partial float of this particular asset?

https://www.stuff.co.nz/the-press/ne...1-billion?rm=m

my vote = definitely...

absolutely interested...and its about time this asset was monetised for benefit of many. Whats so special and precious about chch that they havent seen the light on this one. ?

And auckland should think about privatising their bridge to fund a tunnel , another bridge, and public traffic solutions to their airport.

[RTM]

Notwithstanding that it all comes down to price...but would anyone here be interested if there was a partial float of this particular asset?

https://www.stuff.co.nz/the-press/ne...1-billion?rm=m

My vote = definitely...

Would certainly be interested. Especially if there was an OK dividend that seemed secure associated with them.

[Oliver Mander]

absolutely interested...and its about time this asset was monetised for benefit of many. Whats so special and precious about chch that they havent seen the light on this one. ?

And auckland should think about privatising their bridge to fund a tunnel , another bridge, and public traffic solutions to their airport.

CHC not the only one - lets not forget Auckland City holds a large chunk of AIA also. As does Wellington City (as a minority against a major shareholder no less) hold WLG Airport.
At least CCC could argue it has made them good coin...not sure WCC could say that.

But yes, I do think a float would be a good idea.

[bohemian]

Very interested. I live down the road, every time I go there I'm amazed at how much it is growing. My neighbour is part of their management. From what he tells me of their culture I would be confident to be an investor.

[percy]

Yes I would put my hand up,but only if Christchurch City Council retained ownership below 50%.
After their very poor governance with The Lyttleton Port Co,I would not trust them in control of a listed company again..

[Grimy]

Not quite the same thing, but I do have some of their 6.25% bonds that mature late 2021.

[traineeinvestor]

Yes I would put my hand up,but only if Christchurch City Council retained ownership below 50%.
After their very poor governance with The Lyttleton Port Co,I would not trust them in control of a listed company again..

Playing Captain Obvious here, but they can retain effective control with far less than a 50% shareholding.

[percy]

Playing Captain Obvious here, but they can retain effective control with far less than a 50% shareholding.

Yes and no.
Yes a strong shareholder with 20% to 30% can effectively control a company.
No to have ChCh City Council retain control they would unlikely go under 50%.
Best out come for potential shareholders would be for ChCh City Council to sell out.
With The People's Republic of ChCh ,controlling ChCh City council, that will not happen.