Vector Limited (VCT)

[Jantar]

So who is wanting to buy Vector's pipeline? Genesis? Contact? Todd? Or some new player?
https://www.nzx.com/files/attachments/214230.pdf

[Markymarknz]

So who is wanting to buy Vector's pipeline? Genesis? Contact? Todd? Or some new player?
https://www.nzx.com/files/attachments/214230.pdf

I work for Powerco, we own the north islands other gas networks and I would think we would surely be sniffing around but haven't heard anything...could be interesting.

[macduffy]

A report in today's AFR reckons that Shell is seeking interest from buyers for its share in the Maui pipeline which is operated by Vector. Would they be interested? Who else?

[Harvey Specter]

A report in today's AFR reckons that Shell is seeking interest from buyers for its share in the Maui pipeline which is operated by Vector. Would they be interested? Who else?

Vectors selling its pipes so why would it be interested.

The Chinese will love it - regulated return far about their cost of debt.

[Jantar]

With both Otahuhu and Southdown power stations being shut down the amount of gas being carried will be greatly reduced. If the transport price of gas to Auckland is increased to maintain the same ROE then gas in Auckland will be so expensive that many people will switch back to electricity

[Harvey Specter]

$950m deal and no comments. i guess everyone whole holds is happy to continue to receive the guaranteed regulated return - oops they sold one of their regulated businesses.

Not sure why you would pay down debt when new debt can be issued at ~4% unless it is just to retire expensive debt to re-issue cheap debt.

[Crackity]

Seemed like a full price to me Harvey and a good result for shareholders. Share price since announcement does not seem to agree....

Interestingly I think the Vector chairman Mr Stiassny will probably be kicked off his first board at the NWF meeting in a couple of weeks time. This may make him very grumpy!

[Crackity]

[QUOTE=Crackity;597194
I think the Vector chairman Mr Stiassny will probably be kicked off his first board at the NWF meeting in a couple of weeks time. This may make him very grumpy![/QUOTE]

NZ Windfarms AGM tomorrow - I'm going to stand by the above prediction

[Harvey Specter]

NZ Windfarms AGM tomorrow - I'm going to stand by the above prediction

Big call - I assume he will be voting VCT 20%+ holding in his favour. I assume a simple majority (50% of those that vote) is all that is needed?

[Crackity]

Big call - I assume he will be voting VCT 20%+ holding in his favour. I assume a simple majority (50% of those that vote) is all that is needed?

Yes - the question is like NCEA level 1 maths

X > 22%

calculate X

answers tomorrow Harvey ( and I trust you have voted the NWF shares I suspect you own!)