Selling the Airport

DuckMaster
God

Posts: 1,117

Selling the Airport Dec 3, 2022 20:03:12 GMT 12

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Post by DuckMaster on Dec 3, 2022 20:03:12 GMT 12

When I went to school, I was taught never sell an Asset.

Later in life I learned that Government should never own Assets and when created, they should flick them off unless there was good reason not too.

Apparently the airport has never returned a dividend.

What's the collective view of Mr Brown's proposal to sell the councils shareholding in AIA? Are we just kicking the can down the street?

Surely one buys assets for a return on a rainy day, but council is perpetual... It's not like council has 10yrs more to live and it should cash in to use funds for a better life.

The original DuckMaster, not some cheap imitation DuckMaster.

GO30 God Posts: 2,490	Selling the Airport Dec 3, 2022 21:00:03 GMT 12 DuckMaster likes this Quote Select Post Deselect Post Link to Post Member Give Gift Back to Top Post by GO30 on Dec 3, 2022 21:00:03 GMT 12 Agree, don't sell asset. Rent me for 2 weeks and I'll remove millions of the waste. It won't be hard.
	Some posts done via cellphone hence what you read is unlikely to be what I wrote.

fish
Moderator

Posts: 3,682

Selling the Airport Dec 3, 2022 22:26:37 GMT 12

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Post by fish on Dec 3, 2022 22:26:37 GMT 12

The presser made it sound like a no brainer, sell for how much? $2.4 billion? retire debt of some amount and save more in holding costs that the dividends ever where.
Then in the same story, they said tourism hadn't come back and there was no dividend, hence it was a good idea to sell. But the economy is going to shit, and travel is discretionary so gets nailed first. Logic being, who is going to buy it, and for what?

So, from the presser, I concluded Brown now has control of the media, as the spin is good. There may or may not be logic in selling the airport now, but I fear by the time it moves through all the Council upper colon and lower colon, it will be so slow the market would have moved, any buyer would have done a runner, or had enough time to substantially talk down the value.

And it will all turn out a complete disaster...

Fogg God Posts: 2,373	Selling the Airport Dec 4, 2022 14:15:05 GMT 12 via mobile Quote Select Post Deselect Post Link to Post Member Give Gift Back to Top Post by Fogg on Dec 4, 2022 14:15:05 GMT 12 Sell their share to central govt.
	Last Edit: Dec 4, 2022 14:15:30 GMT 12 by Fogg

Post by DuckMaster on Dec 3, 2022 20:03:12 GMT 12

Post by GO30 on Dec 3, 2022 21:00:03 GMT 12

Post by fish on Dec 3, 2022 22:26:37 GMT 12

Post by Fogg on Dec 4, 2022 14:15:05 GMT 12