sharetrader
Page 16 of 131 FirstFirst ... 61213141516171819202666116 ... LastLast
Results 226 to 240 of 1958

Thread: Ift

  1. #226
    Senior Member
    Join Date
    Jan 2003
    Location
    london, , United Kingdom.
    Posts
    648

    Default

    This is what IFT supporters want to hear. From tvnz news.

    Council backs congestion charges




    Auckland road charges proposed

    Apr 13, 2006

    Auckland city councillors have endorsed a strategy to charge people for using the region's roads in a bid to address its transport crisis.


    Congestion charging and parking levies are options mooted under the plans which could see motorists face fees of up to $50 a week.


    The council's Transport and Urban Linkages Committee is supporting further investigation of the road pricing options.


    Its chairman Richard Simpson says the charges are a way of both raising the funds to improve public transport and reducing congestion.


    Simpson says the full council will consider the issue at the end of the month and a formal submission will be made to the Ministry of Transport.

    Toddy

  2. #227
    Senior Member
    Join Date
    Jan 2003
    Location
    london, , United Kingdom.
    Posts
    648

    Default

    This is fantastic, and the great 'kiwi leave your car at home' trend has just started. Wait until petrol prices approach $2 a litre.
    IFT will have to react quickly to ensure that the punters are happy.

    Anyone out there catch the bus in Welllington? What is the current level of service like?

    Commuters opt for buses, trains
    15 April 2006
    By ADAM RAY

    Public transport operators are struggling to cope with soaring passenger numbers, as rising fuel prices force commuters to ditch their cars for buses and trains.


    Petrol prices have gone up 24 cents a litre, and diesel by 30 cents a litre, this year.

    Tranz Metro passenger numbers had grown by 7 per cent since last year, partly because of increased fuel costs, passenger manager Ross Hayward said.

    The growth meant hundreds of extra passengers were catching commuter trains every morning, pushing already busy Tranz Metro services toward their capacity.

    "The peak ones, they could not get any more full," he said.

    Morning peak services were at their seating capacity, though there was usually standing room for passengers.

    Passenger growth had been four times the expected level, Mr Hayward said. The only way to improve capacity was to put on more trains.

    Greater Wellington regional council intends to boost passenger transport spending, but it will take three to four years to start replacing Tranz Metro's aging fleet.

    "It's unfortunate it was not dealt with a few years ago," Mr Hayward said.

    The council's land transport strategy has called for $1.3 billion worth of spending on public transport in the next decade, with $1.7 billion earmarked for roading projects.

    Stagecoach executive chairman Ross Martin said bus passenger numbers in Wellington during March were up 4 per cent on the same time last year. "That's good for us. It implies people are voting with their feet, out of their cars."

    March was normally a busy month for bus services as students returned to university. The extra passengers meant many buses were packed.

    Stagecoach was negotiating with the regional council about putting on more services to cope with the demand, he said.







    Toddy

  3. #228
    Senior Member
    Join Date
    Jan 2003
    Location
    london, , United Kingdom.
    Posts
    648

    Default

    The trend is your friend. Another article re public transport. This time from another bus company.

    Fuel price boost for buses

    19.04.06
    By Owen Hembry


    The rising price of fuel is boosting the business of bus service provider InterCity Coachlines.

    Chief executive Malcolm Johns said results for the Easter period were yet to be determined but initial bookings had been 23 per cent up on last year.

    Johns said rising petrol prices was leading more people to leave their cars at home. "We've seen a relatively steady rise overall," he said.

    "We estimate something in the order of 6 to 8 per cent in the last 12 months of our passenger growth was fuel related."

    The company carries about 1.1 million passengers each year and operates 130 daily services to 600 cities and towns nationwide.

    There was no reason to believe this trend would not continue, he added. "If you are running your own vehicle you bear 100 per cent of the cost increase. If you're sitting on a coach with 40 others then the increase is shared among 40."
    Toddy

  4. #229
    Senior Member
    Join Date
    Jun 2005
    Location
    , , .
    Posts
    755

    Default

    Could someone please explain the relationship of Hamilton's Go-Bus to IFT? I understand from previous posts on this thread, that (quote) "infratil executive chairman Lloyd Morrison said Morrison and Co, which manages Infratil's investments, had become a 41 per cent shareholder in Waikato bus company Go Buses. The experience led it to develop an interest in Stagecoach a couple of years ago."

    Does this mean that IFT have a stake holding in Go Bus, or is this something that Morrison & Co have done independently?

  5. #230
    Senior Member
    Join Date
    Sep 2004
    Location
    Fukuoka, , Japan.
    Posts
    732

    Default

    "CONGESTION" "TRAFFIC JAMS"

    NZers don't know the meaning of the words!

    I live in a city where the fastest form of above ground transport is the motorbike.

    - the second fastest is a bicycle

    - the third fastest is a car

    - and the bus comes last.

    And when it is snowing and the roads are covered in ice, walking is faster then driving. And riding bicycles or motorbikes is only for the foolhardy.
    \"The overweening conceit which the greater part of men have of their own abilities [and] their absurd presumption in their own good fortune.\" - <b>Adam Smith</b> - <i>The Wealth of Nations</i>

    The information you have is not the information you want.
    The information you want is not the information you need.
    The information you need is not the information you can obtain.
    The informaton you can obtain costs more than you want to pay.

  6. #231
    Senior Member
    Join Date
    Jun 2003
    Location
    , New Zealand.
    Posts
    567

    Default

    I thought Lloyd & Co owned the stake in Hamilton outside of IFT, that is IFT has no holding in the Hamilton company.

  7. #232
    Senior Member
    Join Date
    Jan 2003
    Location
    london, , United Kingdom.
    Posts
    648

    Default

    Rmbbrave

    I live in Central London, St Johns Wood. The fastest way for me to get to work would be to drive our car`and park in the parking building by work. The congestion charge has worked wonders.
    However, I do not drive but catch a tube/bus that is jam packed, smelly and full of every nationality except the English. The underground and bus companys make a packet.

    Why use public transport, its simple, ...... public transport is cheaper than having to pay a congestion charge + parking + 98 pence a litre.

    That's the catch, especially now with oil at $74 USD. And Kiwi's love to save a buck. The trend of using more public transport has started even without any Auckland traffic solutions on the table.


    Toddy

  8. #233
    Senior Member
    Join Date
    Dec 2002
    Location
    Wellington, , New Zealand.
    Posts
    646

    Default

    Thanks for bringing this one back to the fore.
    Fantasy Premier League 2006/07, 2007/08, and 2008/09 Champion :-)

    "The surest sign that intelligent life exists elsewhere in the universe is that none of it has tried to contact us." - C&H

  9. #234
    Senior Member
    Join Date
    Dec 2002
    Location
    Wellington, , New Zealand.
    Posts
    646

    Default

    Many STers hold this?

    Worried about the possible coming AIR cartel?

    Looks like a good steady performer otherwise.

    Disc: none but considering
    Fantasy Premier League 2006/07, 2007/08, and 2008/09 Champion :-)

    "The surest sign that intelligent life exists elsewhere in the universe is that none of it has tried to contact us." - C&H

  10. #235
    Senior Member
    Join Date
    Jul 2004
    Location
    , , Bolivia.
    Posts
    1,309

    Default

    Have a look at the B warrants Gryf. Currently trading at about $1.12, with $3.50 payable 10/7/09.

    Heads trading at $4.37, and showing steady growth over last few years & well placed.

    Disc: Own some B warrants, but not enough!

  11. #236
    Senior Member
    Join Date
    Jan 2003
    Location
    london, , United Kingdom.
    Posts
    648

    Default


    Here is a copy of the email I received from Wellington Airport explaining the proposed code share.


    Number 1 - May 1, 2006

    Qantas - Air New Zealand Code Share

    On 12 April 2006, Qantas and Air NZ announced a plan to "code-share" on the Tasman. This alert explains what the code share is and what the Government should do.

    What is a code-share?

    Usually a code-share is an arrangement to allow one airline to show its code or flight number on another airline's flight, on a route where they do not compete. For example, Air New Zealand code shares with United Airlines on some trans Tasman flights where they are never likely to compete. The proposed code-share is for routes where Qantas and Air NZ are by far the dominant competitors. That is not normal at all.

    What are Air NZ and Qantas proposing?

    Air NZ and Qantas want to create a cartel. That is, they want to collude on prices and services for all routes between Australia and New Zealand. They also want to be able to collude on payments to travel agents and a range of other matters. They will set up a joint committee between the two airlines to make decisions on what they will jointly offer customers. They will not compete and the deliberations of the joint committee will not be scrutinised.

    Didn't they try this once before?

    In 2003 Qantas and Air NZ proposed an "alliance" that would have allowed extensive collusion in many markets. It was rejected by the Commerce Commission as highly detrimental to New Zealand. It was rejected by the Australian Competition and Consumer Commission (ACCC) as detrimental to Australia. On appeal, the High Court upheld the Commerce Commission's decision.

    So what's different this time?

    As far as consumers are concerned, not much. The worst elements of the former proposal remain - collusion on prices and schedules on one of New Zealand's most important markets. Although the agreement does not allow the cartel committee to set prices and schedules for other markets, there is nothing to prevent them from making unilateral decisions not to challenge a 'friendly party' on domestic routes.

    Won't the Commerce Commission put a stop to it?

    This time, the Commerce Commission may not get a say. There is an anachronistic exemption from the Commerce Act to allow the Minister for Transport to approve code shares. It was never envisaged that this would extend to a highly anti-competitive cartel, but that exemption exists and it is being used in that way.
    There is no such exemption in Australia, so (as in most countries) it will go to the competition regulator. But the ACCC is under no obligation to take the interests of Kiwis into account.

    Should the Minister of Transport make the decision?

    Most developed countries recognise that when influential commercial interests seek to collude, it is better to have an independent and expert commission examine the impacts on consumers. When the Government owns the airline, it is even more difficult for the Minister to be independent and be seen to be independent.

    What should the Government do?

    If this code-share really is good for New Zealand as the proponents say, why not let that point be tested openly and rigorously?
    The Government should do two things:
    " Refer the current application to the Commerce Commission for a transparent investigation and advice;
    " Enact legislation to get rid of the exemption from the Commerce Act for anti-competitive code shares.

    What can I do?

    Write to the Minister of Transport, the Minister of Commerce, and your local MP, and tell them you want New Zealand's interests examined by the Commerce Commission. Airlines are making a case to pursue their commercial interests. Be sceptical of claims about the potential benefits of the cartel and assurances that all will be well.

    Toddy

  12. #237
    Senior Member
    Join Date
    Dec 2002
    Location
    Wellington, , New Zealand.
    Posts
    646

    Default

    quote:Originally posted by Sideshow Bob

    Have a look at the B warrants Gryf. Currently trading at about $1.12, with $3.50 payable 10/7/09.

    Heads trading at $4.37, and showing steady growth over last few years & well placed.

    Disc: Own some B warrants, but not enough!
    SSB me old china - are you saying I have to buy at 1.12 and pay 3.50 for something worth 4.37 now?

    sure, growth has been good - and I like the share - had round $2 and sold at $3 a while back (damn!) - and I like their stagecoach angle but the airport (WN) thing worries me.
    Fantasy Premier League 2006/07, 2007/08, and 2008/09 Champion :-)

    "The surest sign that intelligent life exists elsewhere in the universe is that none of it has tried to contact us." - C&H

  13. #238
    Senior Member
    Join Date
    Jul 2004
    Location
    , , Bolivia.
    Posts
    1,309

    Default

    quote:Originally posted by Gryffyn

    SSB me old china - are you saying I have to buy at 1.12 and pay 3.50 for something worth 4.37 now?

    sure, growth has been good - and I like the share - had round $2 and sold at $3 a while back (damn!) - and I like their stagecoach angle but the airport (WN) thing worries me.
    You've got it me old Garden Gate! Shell out $4.62 for something that is trading at $4.37. Bargain!!

    It's only got 3 years for the shareprice to go up 5.8%!!!

    Seriously though, think there is a bit more info further back on this thread regarding valuation of warrants.

  14. #239
    Senior Member
    Join Date
    Dec 2002
    Location
    Wellington, , New Zealand.
    Posts
    646

    Default

    Cheers - and thanks for the calculation - that is kinda tempting.
    Fantasy Premier League 2006/07, 2007/08, and 2008/09 Champion :-)

    "The surest sign that intelligent life exists elsewhere in the universe is that none of it has tried to contact us." - C&H

  15. #240
    Senior Member
    Join Date
    Jan 2003
    Location
    london, , United Kingdom.
    Posts
    648

    Default

    Gryffyn

    Management signed off a buyback programme around the time of the last agm. This has yet to be fully implemented and should be a driver for the SP in the coming months.

    As for the cartel, I would say that the Labour Govt will be running like scared rabbits from this one after yesterdays Telecom interference.

    PS not guilty of voting Labour in the last election.
    Toddy

Tags for this Thread

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
  •