Dear Leader’s Mighty Lie?
In March of this year, this,
” That’s what we are working our way through at the moment. But the intention is for that retail distribution, that opportunity for mums and dads to buy, to be absolutely front of the queue. They’re my number one priority.”
“We’ve made it absolutely crystal clear what our intentions are..If it comes to mum and dad, and they want to buy 1000 shares or whatever…I want to make sure they get their allocation, they’re not scaled and they’re at the front of the queue. “
And this in June,
” You can’t and wouldn’t want to stop them – but the question you have to ask yourself is why would they go and do that? The question comes down to, why would a foreigner find an investment in Mighty River Power to be far more attractive on the long run than a retail investor sitting in Karori? And there’s no logic that they would. “
Had become this, two days ago,
” Mighty River Power shares could be listed on stock exchanges on both sides of the Tasman to boost investment from Australian institutions, making shares more expensive for Kiwi investors…
… The joint lead managers – investment bankers helping Treasury arrange the sales – are understood to be pushing for a dual listing, with Wellington-based NZX as the primary exchange and a secondary listing on Sydney’s ASX.
… However, the Government has repeatedly said it wants to encourage a high level of local ownership, which it expects to be 85 to 90 per cent.
State-Owned Enterprises Minister Tony Ryall would not discuss the issue, saying no decision had been made on an Australian listing. “
Aside from the breath-taking deception that National and John Key are about to foist on this country, there is an irony here that in June, John Key was assiduously trying to reassure the punters that Kiwi “mums and dads” would be first in the queue to purchase shares.
Key even tried to find reasons why those “mum and dad investors” would not on-sell their shares to foreign investors, saying, “the question comes down to, why would a foreigner find an investment in Mighty River Power to be far more attractive on the long run than a retail investor sitting in Karori”?
Now we learn that the shares may be listed in Australia?
Perhaps Key is targetting “mozzies” and their “aunties” on “The GC”?!
Key is well known for saying one thing to one audience, and something completely different to another. This time, he will have been well and truly caught out if shares are listed on the Australian stock-exchange, for Australian investors.
What are the odds?
My money is on another Mighty Lie from Dear Leader.
= fs =