Price drop for Hart?

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DonGould

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Topic # 8112 4-Jun-2006 23:25

With talk about Hart buying up Telecom I can't help wondering just how much back room dealing is going on.

New Zealand is a small community.

Is this simply a ploy to get Telecom back into New Zealand hands?

Has all this government talk been nothing more than a ploy to drop the stock price down pending a big buy up?

Perhaps I'm simply paranoid,

Cheers Don

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Reply # 37806 6-Jun-2006 12:30

I think you're paranoid.

The government would hardly sacrifice the mom & pop investors of NZ so that a corporate success like Hart could hoover Telecom on the cheap. That would be an immensely politically stupid thing to do.

I don't think there's anything more to this than meets the eye. Telecom starts to make a lot of sense to Hart in the current price-range.

More interesting is what happens to Gattung over the next week or so ... already her demise was predicted in the SMH yesterday ...

freitasm

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Reply # 37812 6-Jun-2006 12:56

That would be an immensely politically stupid thing to do.

But only if people find about what's happening. Otherwise is a smart move for some, right? Being completely paranoid then, a conspiracy so large that no one would believe is probably the most likely to happen, exactly because no one would believe it and the perpetrators would be safe.

What evidence is there of this being on track? Or what evidence is there against it?

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Walt

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Reply # 37814 6-Jun-2006 13:01

And you back this government to keep this a secret if that is indeed what the *secret* plan is? Especially with the track record over the announcement of LLU?

In anycase, why the need to have Telecom 100% in kiwi ownership? If the political will is there, there are ample regulatory tools at the government's disposal to make Telecom act more in the interests of its consumers rather than just shareholders ... the division of the company being the ultimate act of course. And if Hart does pursue takeover, who's to say he'll act any more in the public interest than the current shareholders/board are?

Jama

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Reply # 37817 6-Jun-2006 13:10

If anyone has looked into how Hart runs his business you would see that he is very good at splitting out the profitable parts for sale. He is a business man and a good one at that. The mighty dollar is number one on his list not the good of NZ'ers.

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DonGould

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Reply # 37818 6-Jun-2006 13:11

freitasm:
That would be an immensely politically stupid thing to do.

What evidence is there of this being on track? Or what evidence is there against it?

It was suggested that the guy who leaked the cabinet paper to his mate asked if there was anything his mate could do about his shares...

If they were my shares I would have simply sold them pending the cabinet release then repurchased them back later rather than loosing my job by leaking the documents.

I agree that I think the writting is on the wall for TG. I think she protests so much (Shakespare). Thou I've been known to be wrong about these things.

Cheers Don

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DonGould

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Reply # 37820 6-Jun-2006 13:21

Jama: If anyone has looked into how Hart runs his business you would see that he is very good at splitting out the profitable parts for sale. He is a business man and a good one at that. The mighty dollar is number one on his list not the good of NZ'ers.

So you're suggesting that he'll buy it, break it up, sell off the profitable bits and then do what with the rest...

Oh, hold on, there aren't any bits of Telecom that don't have a huge potential value and even more so if the right party could purchase the rights bits at the right price...

Perhaps the government will purchase back just the local loop? Now there's some smart thinking.... let the current owners put in a whole new fibre ring, government purchases back the ull so that it can do the even playing field thing for competition then let Hart break up the rest and make huge profit selling off the bits as going concerns.

Hummm.... it's all starting to make sense now. Perhaps I'm not as paronoid as I thought I was.

Cheers Don

Ps... where's a good place to get tin foil hats?

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Bung

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Reply # 37825 6-Jun-2006 13:56

Perhaps there's still too many in Government embarrassed about Hart getting Government Print for half book value with around 6 months to pay for him to get any more favours.

SilentOne

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Reply # 37904 7-Jun-2006 18:15

I'm fairly sure that members of the board or major share holders would have clauses that they have to sign-off before anyone could take over the controlling share of Telecom....

Jama

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Reply # 37924 8-Jun-2006 07:58

SilentOne: I'm fairly sure that members of the board or major share holders would have clauses that they have to sign-off before anyone could take over the controlling share of Telecom....

I think it goes further than that. I can recall that the government has to approve any major change of ownership...Just another regulation.

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tonyhughes

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Reply # 37926 8-Jun-2006 08:23

DonGould: Ps... where's a good place to get tin foil hats?

Our tin foil hat sales page is here:
http://www.geekzone.co.nz/content.asp?contenttypeid=56

bradstewart

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Reply # 37929 8-Jun-2006 09:13

But theres nothing there, have you run out of stock? I would like to place an order

tonyhughes

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Reply # 37932 8-Jun-2006 09:18

Grantis took the last five thousand :-(

Jama

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Reply # 37934 8-Jun-2006 09:21

tonyhughes: Grantis took the last five thousand :-(

I don't think they work....

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bradstewart

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Reply # 37941 8-Jun-2006 11:11

Jama:
tonyhughes: Grantis took the last five thousand :-(

I don't think they work....

Which would explain Graintis' problems lol

DonGould

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Reply # 37951 8-Jun-2006 13:22

Jama:
SilentOne: I'm fairly sure that members of the board or major share holders would have clauses that they have to sign-off before anyone could take over the controlling share of Telecom....

I think it goes further than that. I can recall that the government has to approve any major change of ownership...Just another regulation.

It's a bit like a jigsaw really isn't it.

I note that the chairman of the board is being replaced.

Let's assume that my retoric is true for a second...

If my mates and I were planning on making these changes then I would have stacked the cards a long while back.

Ok, we've seen an Ace dealt, we know Helen has one in her pack. who else needs one?

What needs to happen next for my mates and I to get our phone company back in our own hands so we can make it do more than just over charge and under supply for out dated service?

Cheers Don

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