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  1. #1
    James Bell
    Guest
    From:
    http://www.news.com.au/story/0,23599,20784433-2,00.html


    "Finance minister Nick Minchin said interest in the offer was strong and
    that the government would raise $15.5 billion after selling about 35 per
    cent of Telstra, which was a better than expected outcome.

    "The level of interest from investors, both retail and institutional, was
    much higher than expected, making T3 the second biggest share offering in
    Australian history," Senator Minchin said. "





    See More: Telstra Sale HUGE success




  2. #2
    Simon Templar
    Guest

    Re: Telstra Sale HUGE success

    19-Nov-2006 22:15:22
    James Bell <[email protected]> wrote in message
    <[email protected]>

    > From:
    > http://www.news.com.au/story/0,23599,20784433-2,00.html
    >
    >
    > "Finance minister Nick Minchin said interest in the offer was

    strong and
    > that the government would raise $15.5 billion after selling about

    35 per
    > cent of Telstra, which was a better than expected outcome.
    >
    > "The level of interest from investors, both retail and

    institutional, was
    > much higher than expected, making T3 the second biggest share

    offering in
    > Australian history," Senator Minchin said. "




    --
    The views I present are that of my own and NOT of any organisation I
    may belong.

    73 de Simon, VK3XEM.
    <http://web.acma.gov.au/pls/radcom/client_search.
    client_lookup?pCLIENT_NO=157452>
    --
    Composed with Newz Crawler 1.8 http://www.newzcrawler.com/



  3. #3
    Simon Templar
    Guest

    Re: Telstra Sale HUGE success

    19-Nov-2006 22:15:22
    James Bell <[email protected]> wrote in message
    <[email protected]>

    > From:
    > http://www.news.com.au/story/0,23599,20784433-2,00.html
    >
    >
    > "Finance minister Nick Minchin said interest in the offer was

    strong and
    > that the government would raise $15.5 billion after selling about

    35 per
    > cent of Telstra, which was a better than expected outcome.
    >
    > "The level of interest from investors, both retail and

    institutional, was
    > much higher than expected, making T3 the second biggest share

    offering in
    > Australian history," Senator Minchin said. "


    Looks good up front, but the Government will spend it quick and then
    will need to flog something else off to keep the budget out of the
    red. Eventually they will have nothing left to sell and no income,
    then we are all ****ed.




    --
    The views I present are that of my own and NOT of any organisation I
    may belong.

    73 de Simon, VK3XEM.
    <http://web.acma.gov.au/pls/radcom/client_search.
    client_lookup?pCLIENT_NO=157452>
    --
    Composed with Newz Crawler 1.8 http://www.newzcrawler.com/



  4. #4
    Giles
    Guest

    Re: Telstra Sale HUGE success

    > > that the government would raise $15.5 billion after selling about
    > > 35 per cent of Telstra, which was a better than expected outcome.

    >
    > Looks good up front, but the Government will spend it quick and then
    > will need to flog something else off to keep the budget out of the
    > red. Eventually they will have nothing left to sell and no income,
    > then we are all ****ed.


    What are you talking about? The last 9 budgets have been in surplus.

    The federal govt's been scratching around to find ways to hide the
    surplus and avoid conceding further tax cuts - the 'Future Fund' being
    one of them.




  5. #5
    Derek
    Guest

    Re: Telstra Sale HUGE success


    "Giles" <[email protected]> wrote in message
    news:[email protected]...
    > What are you talking about? The last 9 budgets have been in surplus.

    You must be an economist. You have absloutely no idea about balancing the
    books.





  6. #6
    budgie
    Guest

    Re: Telstra Sale HUGE success

    On Sun, 19 Nov 2006 22:10:45 +1100, "James Bell" <[email protected]> wrote:

    >From:
    >http://www.news.com.au/story/0,23599,20784433-2,00.html
    >
    >
    >"Finance minister Nick Minchin said interest in the offer was strong and
    >that the government would raise $15.5 billion after selling about 35 per
    >cent of Telstra, which was a better than expected outcome.
    >
    >"The level of interest from investors, both retail and institutional, was
    >much higher than expected, making T3 the second biggest share offering in
    >Australian history," Senator Minchin said. "
    >


    goes to prove PT Barnum was right - there's one born every minute.



  7. #7
    Giles
    Guest

    Re: Telstra Sale HUGE success

    > > What are you talking about? The last 9 budgets have been in surplus.
    > You must be an economist. You have absloutely no idea about balancing the
    > books.


    Nah, not that smart Keen to hear what else you've got to say
    though.

    Sure, we've got a pro-privatisation government, but sale of public
    assets isn't central to its ability to return budget surpluses.

    Simon was suggesting they'd spend the proceeds quickly and need
    something else to sell to stay out of budget deficit - but I was saying
    it hasn't been in the red for 9 years, and it's having enough trouble
    making sure the burgeoning surplus doesn't force its hand politically.




  8. #8
    Rod Speed
    Guest

    Re: Telstra Sale HUGE success

    James Bell <[email protected]> wrote

    > From:
    > http://www.news.com.au/story/0,23599,20784433-2,00.html


    > "Finance minister Nick Minchin said interest in the offer was strong
    > and that the government would raise $15.5 billion after selling about
    > 35 per cent of Telstra, which was a better than expected outcome.


    > "The level of interest from investors, both retail and institutional,
    > was much higher than expected, making T3 the second biggest share offering in Australian history,"
    > Senator Minchin said. "


    And it remains to be seen if they end up as pissed as the T2 suckers are.





  9. #9
    Rod Speed
    Guest

    Re: Telstra Sale HUGE success

    Simon Templar <[email protected]> wrote
    > James Bell <[email protected]> wrote


    >> From:
    >> http://www.news.com.au/story/0,23599,20784433-2,00.html


    >> "Finance minister Nick Minchin said interest in the offer was strong
    >> and that the government would raise $15.5 billion after selling about
    >> 35 per cent of Telstra, which was a better than expected outcome.


    >> "The level of interest from investors, both retail and institutional,
    >> was much higher than expected, making T3 the second
    >> biggest share offering in Australian history," Senator Minchin said"


    > Looks good up front, but the Government will spend it quick and then
    > will need to flog something else off to keep the budget out of the red.


    Thanks for that completely superfluous proof that you have
    never ever had a ****ing clue about even the most basic stuff.

    We have been running budget surpluses for YEARS now and
    what they get from T3 wont even be used for that anyway, it goes
    into the Future Fund and that is used to buy other investments.

    > Eventually they will have nothing left to sell and no income, then we are all ****ed.


    Thanks for that completely superfluous proof that you have
    never ever had a ****ing clue about even the most basic stuff.






  10. #10
    alxr
    Guest

    Re: Telstra Sale HUGE success


    "Simon Templar" <[email protected]> wrote in message
    news:45603797$0$24703$61c65585@uv-55king-reader-01.melbourne.pipenetworks.com.au...
    > 19-Nov-2006 22:15:22
    > James Bell <[email protected]> wrote in message
    > <[email protected]>
    >
    >> From:
    >> http://www.news.com.au/story/0,23599,20784433-2,00.html
    >>
    >>

    >
    > Looks good up front, but the Government will spend it quick and then
    > will need to flog something else off to keep the budget out of the
    > red. Eventually they will have nothing left to sell and no income,



    Fiscally irresponsible to spend it quick. Pushes up inflation. Especially
    when there are shortages of skilled labour and capacity as is.

    Increased investment in education would be a good start.

    Wouldn't be in the mess now with skills shortages and crap higher ed sector
    skewed towards making the quickbuck out of foreign students.








  11. #11
    Rod Speed
    Guest

    Re: Telstra Sale HUGE success

    alxr <[email protected]> wrote
    > Simon Templar <[email protected]> wrote
    >> James Bell <[email protected]> wrote


    >>> From:
    >>> http://www.news.com.au/story/0,23599,20784433-2,00.html


    >> Looks good up front, but the Government will spend it quick and then
    >> will need to flog something else off to keep the budget out of the
    >> red. Eventually they will have nothing left to sell and no income,


    > Fiscally irresponsible to spend it quick. Pushes up inflation.


    > Especially when there are shortages of skilled labour and capacity as is.


    > Increased investment in education would be a good start.


    They're doing that regardless of T3.

    > Wouldn't be in the mess now with skills shortages and crap higher ed
    > sector skewed towards making the quickbuck out of foreign students.


    Pity that they have only just been able do T3.





  12. #12
    Tsunami Australia
    Guest

    Re: Telstra Sale HUGE success

    On 19 Nov 2006 12:47:26 -0800, "Giles" <[email protected]> wrote:

    >> > What are you talking about? The last 9 budgets have been in surplus.

    >> You must be an economist. You have absloutely no idea about balancing the
    >> books.

    >
    >Nah, not that smart Keen to hear what else you've got to say
    >though.
    >
    >Sure, we've got a pro-privatisation government, but sale of public
    >assets isn't central to its ability to return budget surpluses.
    >
    >Simon was suggesting they'd spend the proceeds quickly and need
    >something else to sell to stay out of budget deficit - but I was saying
    >it hasn't been in the red for 9 years, and it's having enough trouble
    >making sure the burgeoning surplus doesn't force its hand politically.


    If the government sell off all the assets that actually make money,
    then the only way to keep that surplus running is to ..... raise taxes
    again on the poor - middle class. Eventually there will be more money
    going out of the country than that coming in and then things will go
    pear shape.

    We are a country that could be self sustainable, so maybe they need to
    do some buybacks of infrastructure and start working on the self
    sustainable policy. At least then we'll have some more jobs.



  13. #13
    Giles
    Guest

    Re: Telstra Sale HUGE success

    Tsunami Australia wrote:
    > If the government sell off all the assets that actually make money,
    > then the only way to keep that surplus running is to ..... raise taxes
    > again on the poor - middle class. Eventually there will be more money
    > going out of the country than that coming in and then things will go
    > pear shape.
    >
    > We are a country that could be self sustainable, so maybe they need to
    > do some buybacks of infrastructure and start working on the self
    > sustainable policy. At least then we'll have some more jobs.


    Whoa... you raise a range of issues there, and make a bunch of sweeping
    statements - some of which I disagree with - but the bulk of which are
    probably beyond the scope of this little mobiles discussion group.

    Email or somewhere like aus.politics might be a better place for this
    discussion if you want to keep it going.




  14. #14
    Rod Speed
    Guest

    Re: Telstra Sale HUGE success

    Tsunami Australia <tsunami-underscore-australia-at-yahoo-dot-com-dot-au> wrote
    > Giles <[email protected]> wrote


    >>>> What are you talking about? The last 9 budgets have been in surplus.


    >>> You must be an economist. You have absloutely
    >>> no idea about balancing the books.


    >> Nah, not that smart Keen to hear what else you've got to say though.


    >> Sure, we've got a pro-privatisation government, but sale of public
    >> assets isn't central to its ability to return budget surpluses.


    >> Simon was suggesting they'd spend the proceeds quickly and need
    >> something else to sell to stay out of budget deficit - but I was saying
    >> it hasn't been in the red for 9 years, and it's having enough trouble
    >> making sure the burgeoning surplus doesn't force its hand politically.


    > If the government sell off all the assets that actually make
    > money, then the only way to keep that surplus running is
    > to ..... raise taxes again on the poor - middle class.


    Mindlessly superficial.

    The 'dividend' paid by Telstra to the govt is just a tax
    on phone users, paid for by the bulk of taxpayers.

    It makes no sense to be taxing such a fundamental part
    of the infrastructure that all individuals and businesses
    use, in addition to the GST on those services.

    AND currently we dont have a problem with enough tax revenue,
    the problem is actually REDUCING the taxes without that having an
    inflationary effect which sees the reserve bank hiking interest rates.

    > Eventually there will be more money going out of the country
    > than that coming in and then things will go pear shape.


    Utterly mangled all over again. The balance of trade has
    NOTHING to do with federal govt budgetary surpluses.

    > We are a country that could be self sustainable, so maybe they
    > need to do some buybacks of infrastructure and start working on
    > the self sustainable policy. At least then we'll have some more jobs.


    Gets sillier by the minute. We have the lowest unemployment rate in 30+
    years. The problem is a lack of viable employees, not a shortage of jobs.





  15. #15
    Nole Boaday
    Guest

    Re: Telstra Sale HUGE success

    Stop trolling from an Optus internet account ****wit.

    Troll from a Telstra account, it makes your posts slightly more believable.

    Obviously don't practice what you troll, but what troll does ;-)



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