JWI - Just Living Group (Just Water International)

[Balance]

https://www.nzx.com/companies/JWI/announcements/296876

Profits continuing to grow and net debt almost down to zero.

Trading on a cashflow multiple of 5.

Share buyback to continue.

LOVE IT!

[Balance]

35c - so 133% up on takeover price of 2 years ago!

Very very satisfying.

[whatsup]

Will the new water pricing that Labour is talking about hurt JWI if they are elected ?

[minimoke]

Will the new water pricing that Labour is talking about hurt JWI if they are elected ?

if it agfects demand, then yes.

But dont worry - the idea will never fly. Its simply a weĺl timed announcement aimed at hoovering up a few disgruntled Green votes ( see Election threads). Get your head around the first hurdle - Maori. The moment you tax water you have a foreshore and seabed type sh1t fight on your hands. And Labour isnt going there.

[whatsup]

if it agfects demand, then yes.

But dont worry - the idea will never fly. Its simply a weĺl timed announcement aimed at hoovering up a few disgruntled Green votes ( see Election threads). Get your head around the first hurdle - Maori. The moment you tax water you have a foreshore and seabed type sh1t fight on your hands. And Labour isnt going there.

MM , never say never , remember Lab is the party of envy, the new leader has already announced 2 new taxes and they are not even in power, N Z used to be the land of the " long white cloud " , now its the "land of the tall poppy " !!

[Raz]

if it agfects demand, then yes.

But dont worry - the idea will never fly. Its simply a weĺl timed announcement aimed at hoovering up a few disgruntled Green votes ( see Election threads). Get your head around the first hurdle - Maori. The moment you tax water you have a foreshore and seabed type sh1t fight on your hands. And Labour isnt going there.

I would not count on that...

[macduffy]

If JWI "bottle" in metropolitan areas then I would expect that they already pay for their water, one way or another, to the local water authority/council. I may have misheard, but I thought the idea of a tax was to catch those users not already paying .

[whatsup]

If JWI "bottle" in metropolitan areas then I would expect that they already pay for their water, one way or another, to the local water authority/council. I may have misheard, but I thought the idea of a tax was to catch those users not already paying .

macd, most city/town water supplies are on a user basis whether through rates or water charges ( and discharges ) so isn't a new Lab charge charging twice?

[macduffy]

macd, most city/town water supplies are on a user basis whether through rates or water charges ( and discharges ) so isn't a new Lab charge charging twice?

The point I was making was that because metro water is paid for, either through rates or water charges, JWI won't be affected if their plants are located in those areas. I understood that Labour weren't aiming to charge those but to "catch" users who aren't already paying. I stand ready to be corrected on that point if I've got that wrong.

[brend]

macd, most city/town water supplies are on a user basis whether through rates or water charges ( and discharges ) so isn't a new Lab charge charging twice?

my understanding is that water rates are to cover infrastructure costs. You dont pay for the water itself.