CNU - Chorus

[Animeart]

Let's all vote with our feet and make sure that Mr JK doesn't get re-elected....LOL.

[troyvdh]

....dear birm....I do divesify.....over 30 yrs....have had 3-4 bad tenants.....regarding the need to harden the F... up......same could be said to those folk who struggle to find good tenants/keep them and to look after the occassional bad egg.....cheers

[BIRMANBOY]

[QUOTE=SparkyTheClown;373609]@Birmanboy - the market has clearly not expected how hard the ComCom would regulate Chorus. Yes, today might represent a nice entry point should the govt step in and scale back the amount of regulation for the rebenchmarking of prices. It might also languish here at this price point for 2 years because institutions sell out and people don't believe that Chorus will be allowed to grow to take advantage of its position.

Ifs, ands, mights and maybes...pigs might fly too. Why on earth would you believe that? Your fears are irrational and unlikely to occur. Why would the powers to be want to stifle the vehicle that they have given birth to? People who react to every slight nuance in the share market price need to relax and not try and "understand" every twist and turn. Some of the theories that get thrown in as being the "cause" are derived from over caffeined imaginations and idle minds. My suggestion...be patient and relax..all will be revealed in due course.

[karen1]

What's eating you, Birmanboy? Haven't particularly followed your posts, but a couple of yours above are a bit sharp! The Aussies are known to have many other quotes than the one you used. I always enjoy reading a good, clean post. Sparky makes some valid points, as a relative newcomer he/she appears to be a valuable addition to ST, with some very well thought out posts.

Back on topic, no amount of speculation here, even educated, is going to change the fact that Comcom has erred in the extreme - and it remains to be seen if it will be reined in.

[BIRMANBOY]

What's eating you, Birmanboy? Haven't particularly followed your posts, but a couple of yours above are a bit sharp! The Aussies are known to have many other quotes than the one you used. I always enjoy reading a good, clean post. Sparky makes some valid points, as a relative newcomer he/she appears to be a valuable addition to ST, with some very well thought out posts.

Back on topic, no amount of speculation here, even educated, is going to change the fact that Comcom has erred in the extreme - and it remains to be seen if it will be reined in.

I'm sure Sparky is a wonderful human being..he/she obviously enjoys entertaining people at Xmas parties etc. As for who has 'erred in the extreme"...well personally I would trust the Commerce Commission to have greater access to pertinant information than any of the posters here. As I said these things get sorted eventually and nothing much to worry about in the long term. Agree about the speculation...far too much of it...by us mostly!

[karen1]

Have just been reading a 4th May ASB recommendation (Morningstar) on CNU, with accumulate and target of $4.00. "•We do not expect significant financial impact (comcom announcement) in the short term but the negative draft decision presents longer term uncertainty.

•There is no change to our estimates and fair value."

[BIRMANBOY]

Have just been reading a 4th May ASB recommendation (Morningstar) on CNU, with accumulate and target of $4.00. "•We do not expect significant financial impact (comcom announcement) in the short term but the negative draft decision presents longer term uncertainty.

•There is no change to our estimates and fair value."

Agree...uncertainty yes...slitting ones wrists...no.

[BIRMANBOY]

Ixnay on the condescenday, BirmanBoy.

The Commerce Commission's involvement will send a big signal to institutional investors, not just in Chorus, but or any NZ infrastructure company. Not just the listed ones, but the ones yet to be listed (IE, govt SOE floats). I agree with others that there is going to be a tough sell for these SOE floats if investors think the Commerce Commission can act in an uncertain and surprising way.

This is the Commerce Commission mission statement from their website.
About UsThe Commerce Commission is New Zealand's primary competition regulatory agency.


We enforce legislation that promotes competition in New Zealand markets and prohibits misleading and deceptive conduct by traders. The Commission also enforces a number of pieces of legislation that, through regulation, aim to provide the benefits of competition in markets where effective competition does not exist. This includes in the telecommunications, dairy, electricity, gas pipelines and airport sectors.
The Commission is an independent Crown entity established under section 8 of the Commerce Act 1986.The Commission is not subject to direction from the government in carrying out its enforcement and regulatory control activities. The Commerce Commission’s purpose is to achieve the best possible outcomes in competitive and regulated markets for the long-term benefit of New Zealanders. END STATEMENT

Now I take some comfort in this as should the knockers. They are NOT subject to direction from GOVT. and are set up to provide as level a playing field as possible. I have faith that whatever gets decided in the laborious system of meetings, submissions and more meetings will not be "uncertain and surprising". Every interested party will have their 2 cents worth and Chorus will put their view forward as well. What comes out the other end is hardly likely to be surprising to institutionals who have legions of lawyers and suits examining the entrails of these things. Personally I am happy that we have an entity like the Commerce Commission doing what they do. Chorus is big and ugly enough to take care of themselves and will have contingency plans set up to take care of these things. Time has a way of evening out the bumps and Chorus has already shown a good recovery today.

[Major von Tempsky]

I certainly don't " take comfort" from their statement, in fact it sends chills up and down my spine. Here is an organisation which is, at least temporarily, out of control of the democratically elected government. There are no checks and balances. Naturally they only employ people with a predilection for Socialist intervention and sympathies for a command economy (Wolfgang Rosenberg revived), a Dr Sutch siege economy.

It says you start a successful company making and selling goods and/or services and we will step in arbitrarily and abruptly and in effect confiscate the shareholders shares, including those on family farms and family businesses who are just making a living.

Think about it, its one of the most dangerous organisations in NZ.

[BIRMANBOY]

I certainly don't " take comfort" from their statement, in fact it sends chills up and down my spine. Here is an organisation which is, at least temporarily, out of control of the democratically elected government. There are no checks and balances. Naturally they only employ people with a predilection for Socialist intervention and sympathies for a command economy (Wolfgang Rosenberg revived), a Dr Sutch siege economy.

It says you start a successful company making and selling goods and/or services and we will step in arbitrarily and abruptly and in effect confiscate the shareholders shares, including those on family farms and family businesses who are just making a living.

Think about it, its one of the most dangerous organisations in NZ.

Ok...thought about it and would suggest that delusional paranoia is much more dangerous than the Commerce Commission. They are supposed to be out of the control of the Govt for a start. Read their statement again carefully...this is so far from your comments that its hard to see any connection.