Auckland Mayoralty Election 2022

[Daytr]

Well this thread deteriorated quickly.
Name calling, such an intelligent form of debate.

[Popeye]

There seems to be a lot of unnecessary emotion for what is a financial decision.

A different way of looking at it might be, if hypothetically Auckland Council currently had $2bn less debt and no shares, is it likely that they would be contemplating whether to purchase afresh $2bn of Auckland Airport shares for the strategic value? Would there be support for such a move?

[Panda-NZ-]

You seem to trust Wayne's promise to lower debt with it, when he is already breaking an election promise by selling them and not telling voters.

Do not give this man a $2b slush fund.

[Balance]

You seem to trust Wayne's promise to lower debt with it, when he is already breaking an election promise by selling them and not telling voters.

Do not give this man a $2b slush fund.

But okay for Clueless Cindy & Hipkins to give Winston $3 billion slush fund to buy his votes.

Ignoramus Labour peasant panda & the Labour government who only know how to load up with debt and are corrupt.

[nztx]

You seem to trust Wayne's promise to lower debt with it, when he is already breaking an election promise by selling them and not telling voters.

Do not give this man a $2b slush fund.

still sleepwalking ?

whatever it was - it appears to have adversely affected someone's promise of of untold unenhanced Intelligence

[nztx]

https://www.nzherald.co.nz/nz/auckla...DZH52ZHN4MEVM/

Watch live: Auckland Council debates selling airport shares, Mayor Wayne Brown faces first big leadership test


Wayne - the Prats up the back still want to keep their Premium viewing seats of big birds finding the tarmac

Best watch that Pot Hole Experts assistant

[nztx]

https://www.nzherald.co.nz/business/...HEGHICC6ZFO6Y/

Frenemies unite: Air New Zealand and Qantas slam Auckland Airport price hikes


The same AIA looking at multi billion dollar Terminal Upgrade ?

Being paid for by whom ?

Being Borrowed up Large to complete the job ?

If it turns to sh*t then where do the long arms of AIA turn for a bundle of readies to fill gap ?


Mayor not stupid wanting to steer SuperCity's own Debt & Deficit pile away from this thing



https://www.stuff.co.nz/business/300...-airlines-warn

Auckland Airport redevelopment will make airfares unaffordable, airlines warn

Air New Zealand and Qantas say passengers will foot the bill with higher airfares if Auckland International Airport goes ahead with its planned $3.9 billion redevelopment plan, including the construction of a new domestic terminal.

Auckland Airport has announced increases to its aeronautical charges paid by airlines for the next five years, taking effect from July 1.

Auckland Airport chief executive Carrie Hurihanganui said the new charges would fund part of the much-needed investment in infrastructure that is underway at the airport.

The increase would cover $2.5 billion of commissioned infrastructure, focusing on important airfield, terminal, baggage and transport improvements to be completed and in use by airlines by the end of the five-year period, Hurihanganui said.

[Blue Skies]

Apart from the strategic value to Auckland, on a purely financial basis, why would you sell an asset (Auckland Airport) which is projected to return $40 million per year in dividends, & has produced substantial capital gains, $140 million just while these discussions are taking place, providing added financial security to the Council,
when you could sell the Golf Courses (of similar value to Airport shares ) which on borrowed money are costing $100 million per year in interest & produce zero return to the Council? ( did someone say the Omaha golf course pays the Council $5.00 per year ! )

When asked why the Gold Courses weren't an option, Wayne Brown said because no one had suggested it! (don't think thats actually correct) & Maurice Williamson who wants to sell the airport saying on RNZ this morning, the airport might be destroyed by an earthquake or we get another pandemic !
What !!!!

[Logen Ninefingers]

Brown has no chance of getting this budget over the line. Michael Woods partner even said she was in favour of an even larger rate increase. Probably what her constituents who don’t pay rates want, but terribly harsh on property-owning people on fixed incomes who are facing large mortgage interest rate increases & cost of living increases. But the Left simply do not care about such people. They want to have their cake and eat it too. One Left wing member was almost bawling his eyes out over ‘cuts’, but doesn’t want to sell any shares. He’ll vote down anything Brown proposes by the looks of it. Farcical situation.

[Logen Ninefingers]

Apart from the strategic value to Auckland, on a purely financial basis, why would you sell an asset (Auckland Airport) which is projected to return $40 million per year in dividends, & has produced substantial capital gains, $140 million just while these discussions are taking place, providing added financial security to the Council,
when you could sell the Golf Courses (of similar value to Airport shares ) which on borrowed money are costing $100 million per year in interest & produce zero return to the Council? ( did someone say the Omaha golf course pays the Council $5.00 per year ! )

When asked why the Gold Courses weren't an option, Wayne Brown said because no one had suggested it! (don't think thats actually correct) & Maurice Williamson who wants to sell the airport saying on RNZ this morning, the airport might be destroyed by an earthquake or we get another pandemic !
What !!!!

$40 million in dividends, but the interest on the debt that could be retired is $100 million. So it’s a $60 million yearly loss if the shares are not sold.

At some stage these shares will start declining in value - likely with the next CR - and this opportune window of time to make a maximum capital gain will be lost.