Forum Archive Index - October 2001

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Re: Re: [sharechat] AIA - Auckland City Council share

From:	"DR" <kat47@bigfoot.com>
Date:	Sat, 27 Oct 2001 17:25:04 +1300

What about the capital appreciation of AIA? Both Auckland and Manukau Cities have done well by holding. They total about 40% between them as I recall. Manukau's dividend was at least $35m this last year.

Utilities are the best long term, low risk investments and IMHO suitable for being held by councils.

If the private sector get AIA they will screw it up just like they have Air NZ.

Infrastructure Auckland now sits on a goldmine from Ports of Auckland because Bruce Jesson & Co refused to be bullied by the screwbal rump of Rogernomics and Ruthenasia.

:o)

D.
Shareholder in MCC but not directly in AIA

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