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Christmas day activities - 2019 edition
Christmas Day 2019 This is an update from last year's list which is an update of some list from a year or two ago. Outdoor Activities If the weather is good (check forecast[1]), here's some outdoor activities:
Visit the various volcanoes in Auckland. Both Mt Victoria and Mt Eden will have beautiful views of the city. There's public transport. You will need to walk up.
Rangitoto Island. Take one or more of the walks there. Definitely ensure you go up to the top of the crater for the view. Some people stay a bit longer and have a picnic morning tea/lunch. You can't buy lunch there. Rangitoto. It is a pest-free island reserve and so you have to ensure you leave it as you arrived. Info about visiting pest free islands. Ferry - Fullers timetable.
Only an option if you have your own transport and able to walk as it is about 30 mins walk from the carpark. Discussion in 2018 about the duration of walk from carpark.
Ride around in a bike (ONZO). Maps and Rides suggested by Auckland Transport and Bike Auckland. On Bike Auckland's site, if you hover your mouse over the "Maps & Rides" menu, you'll find other options like easy rides.
Scooters - one or two scooter services you can hire by the minute. Flamingo. Possibly Jump, Neuron, and Beam. No Lime and Wave scooters. Articles: NZ Herald or Newshub.
There are other denominations like Methodists, Baptists, AOG, Salvation Army, etc. Just search for them. I suspect the local visitor info centre and hotels have a list for their guests.
I think these lists above are services in English. I don't see the services in other languages listed there. You will be able to find services in many pacific island languages and asian languages. It is a case of whether you'll find the particular combination you are looking for in a location you can get to on Christmas day.
Use google search if you are after a particular church denomination. Wikipedia list of Church organisations in NZ. Not sure how complete it is. Churches' Christmas message: Waiting for Christmas has a list of clergy,(with their affliation) signing the message at the bottom. While the list is old and clergy may have changed, the church organisations are most likely to be around.
Hoyts https://www.hoyts.co.nz/ Hoyts Sylvia Park, Te Awa (Hamilton), Riccarton (Christchurch) and Entertainment X were open on Christmas Day 2018. Unfortunately site won't load at the moment. There's a chance a few cinemas from this group will be open on Christmas day.
Skycity Auckland - This is a hotel with the skytower. You can go up the tower on Christmas Day. There will be restaurants open. The casino will be closed.
Kelly Tarlton's - Opening Hours on their website doesn't say they are closed on Christmas day. They were open in 2018 and previous years.
Public Transport Auckland Transport's Public Transport holiday timetables from 23 December 2019 - 12 January 2020. Waiheke ferry timetable (pdf). Food and Drink Go to the supermarket on Christmas Eve to stock up on food and essentials. No supermarket and most businesses will be closed on Christmas Day. Christmas Day is one of very few mandatory public holidays in NZ, even the casino is closed 24 hours. Only places allowed to remain open are petrol stations, some fast food places and restaurants. Hospitality businesses (restaurants, cafes etc) are able to charge a public holiday surcharge if they open on public holidays. If they do so they have to state clearly (ie sign at the door, or counter or menu). This public holidays are 25 and 26 December 2018, and 1 and 2 January 2019. FYI 26 December is also known as Boxing day in NZ. Alcohol cannot be served unless with a meal[2]. So if something that looks like a pub is open, it is highly likely they are open to serve meals and you can order an alcoholic drink with your meal. Restaurants that are open tend to be fast food places like McDs, KFC, restaurants that are part of hotels, a few ethnic restaurants and maybe a handful of others. [2] That particular law applies only to Good Friday, Easter Sunday and Christmas Day as well as before 1pm on Anzac Day. Legislation: Sale and Supply of Alcohol Act 2012. Despite the date of the act, the law has been around for some time. 2010 news article about it. Sale and supply on Anzac Day morning, Good Friday, Easter Sunday, and Christmas Day restricted: on-licences. Without any particular order:
Dairies are open. For tourist: Dairies in NZ are a local convenience stores often found dotted around NZ, usually local to a neighbourhood. Wikipedia). They are known elsewhere with other names bodega, superettes, 7-11 or the shop attached to petrol stations.
Other essential info Alcohol and smoking in public areas Please note that there's usually an alcohol ban in many public areas like bus stops, parks, reserves etc. This means you are banned from consuming alcohol publicly unless you are in a licenced establishment (ie restaurant). Alcohol bans are either for an event, for extended periods or permanent. For more information about alcohol ban in Auckland. Auckland Smokefree policy has a list of places where smoking is not permitted. This isn't limited to indoor areas only. It also includes parks, playgrounds, bus stops. With NY celebrations coming up I won't be surprised if there's both alcohol and fire bans in popular beach areas and parks too. Fire Season
As this is summer, there's usually a fire ban in many areas in NZ.
Fire and Emergency New Zealand is updating the fire seasons for Auckland. From Monday 2 December it will declare a restricted season across greater Auckland and a prohibited fire season across all the islands of the Hauraki Gulf. A prohibited season means a total fire ban, with any current fire permits for the area suspended from the date the prohibited season starts. A restricted fire season means any open-air fires will need a permit.
Why Skycity Might Soon Suspend Dividends And Raise New Capital
SkyCity Entertainment Group has suffered a $1 billion hit to its NZX market capitalisation from Covid-19 and might soon suspend dividends and raise new capital, an analyst says. Chelsea Leadbetter, of Forsyth Barr equity research, said that although the business was strong, the pandemic had dealt it a major financial blow and shareholders could soon feel the effects. "SkyCity's market capitalisation has fallen by around $1b since the Covid-19 outbreak took hold in China. While we acknowledge material near-term risks, this is substantially larger than our various scenarios of the risk/cashflow impact," she wrote in the latest update on the stock. Under the Work and Income wage subsidy scheme, SkyCity Management got $21.7m for 3272 employees, as of May 3. Leadbetter said: "We expect the key near-term causality for investors to be a temporary dividend suspension." She forecast that no dividends would be paid from the second half of the 2020 financial year or the first half of the 2021 financial year. Like many others, the company might seek new cash: "There is also a possibility the board decides to raise equity to shore up the balance sheet through this period of heightened uncertainty." https://preview.redd.it/h7s44gyeetx41.jpg?width=620&format=pjpg&auto=webp&s=35b0e71170888462789b1d0632401b671a6840bd SkyCity is today trading on the NZX around $2.45, down from more than $4 late last year. Today its market capitalisation stood at $1.6b. Questions were today put to chief executive Graeme Stephens and chief marketing officer Liza McNally about the fall in the company's market capitalisation, the possibility of suspending dividends and raising new capital. McNally said: "As previously disclosed, SkyCity currently has sufficient liquidity, and has already implemented a range of changes to reduce both operating costs and capital expenditure, to withstand the short term impact of Covid-19. The board and management are continuing to evaluate SkyCity's longer term funding requirements and a range of options for satisfying these." Leadbetter noted property assets of around $2b and long-term monopoly casino licences. "However, like the majority of businesses it has been caught out by extraordinary circumstances. Forecasting earnings is near impossible in the near-term. However, when we are out the other side of Covid-19 we expect gaming spend to recover which will improve Ebitda, gearing, and enable reinstatement of what was an attractive dividend," she said. Early last month, SkyCity announced that about 200 staff would be made redundant and wages were cut by 20 per cent to cope with the pandemic's effects on the business. Last Friday, SkyCity said all its properties here and in South Australia remained shut at level 3 alert but construction work banned under the almost five weeks of level 4 had resumed. https://preview.redd.it/dkpp4jhoetx41.jpg?width=620&format=pjpg&auto=webp&s=33ece761c2e25d269361b8ac81204ba553c2a21d That re-started: • Work at the fire-hit NZ International Convention Centre and neighbouring Horizon Hotel in Auckland • Refurbishment of premium gaming rooms on levels eight and nine of the Auckland casino • New food and beverage venues Food Republic adjacent to the main casino floor in Auckland • Work on Aces Bar and creation of a new entertainment zone on the main casino floor in Auckland • Ongoing refurbishment and maintenance works on the AA Building where the business is now headquartered on Albert St • Refurbishment of Hamilton's main casino floor, including a new Baccarat area • Work on the development of the All Blacks Experience and Weta Workshop attractions in Auckland's former convention centre below the SkyCity Grand Hotel SkyCity also gave an update on its funding position, saying it continued to have a strong liquidity position with about $400m cash and undrawn debt facilities available. It does not expect to need any waivers for its June 30 debt covenants. "Following recent restructuring initiatives, SkyCity's operating cash requirements before re-opening any properties are around $12m per month. SkyCity also has significant ongoing capital expenditure commitments on its two major projects and other smaller development projects in Auckland and Hamilton," it said, referring to its $703m convention centre and $330m Adelaide redevelopment and expansion. The business is working on a funding plan for the medium term as it recovers. "This plan will be finalised once the trading performance of its New Zealand properties has been assessed following the expected re-openings by the end of May," the business said on May 1. Leadbetter said when New Zealand moves to level 2, most SkyCity properties will be re-opened but with significant restrictions. At level 1, all facilities will be back open, without restrictions. Source: By: Anne Gibson / Property editor, NZ Herald P.S. Did you find it useful? Please upvote or share it with your friends. I spend a lot of time looking for quality content so you can discover something new. → Learn more about Auckland Property & NZX Stock Market Tips at https://www.MaximSherstobitov.NZ/
Below is a list I posted as reply to a tourist's query in /newzealand. I am posting this list here in case there are visitors or new Aucklanders. I realise most of us know about this. Please be nice and kind to all. Outdoor Activities If the weather is good (unfortunately not according to forecast[1]), here's some outdoor activities:
Go to the beach
Go to the gardens (Botanic Gardens open for people to wander around but Visitor centre closed. The Domain, Parnell Rose Gardens, Cornwall Park).
Go visit the various volcanoes in Auckland. Both Mt Victoria and Mt Eden will have beautiful views of the city. There's public transport. You will need to walk up.
Mt Eden (Bus is 27W or 27H)
Mt Victoria (Take the ferry to Devonport, walk from ferry to the top of Mt Victoria)
One Tree Hill (and Cornwall Park surrounding it)
Rangitoto Island may not be an option. Fullers timetable says they aren't sailing on Christmas Day.
Skycity Auckland - This is a hotel with the skytower. You can go up the tower on Christmas Day. There will be restaurants open. The casino will be closed.
Go to church - you can experience christmas day service in a number of languages in Auckland.
There are other denominations like Methodists, Baptists, AOG, Salvation Army, etc. Just search for them. I suspect the local visitor info centre and hotels have a list for their guests.
I think these lists above are services in English. I don't see the services in other languages listed there. You will be able to find services in many pacific island languages and asian languages.
Kelly Tarlton's - Opening Hours on their website doesn't say they re closed on Christmas day. Their 22 Dec facebook post ends with " We are open as usual every day over the holiday season from 9:30 AM - 5 PM. Come down to SEA LIFE Kelly Tarlton's Aquarium and see the penguin chicks in their creche!". Thanks to spagbol for the heads up in comment below. new
Public Transport Public transport will be on a Sunday timetable in Auckland. https://at.govt.nz/bus-train-ferry/Bus, train and ferry Christmas holiday timetables. From 24 December 2018 to 6 January 2019, most public transport services will be operating to a Christmas/New Year holiday timetable. Food and Drink Go to the supermarket today (Christmas Eve) to stock up on food and essentials. No supermarket and most businesses will be closed on Christmas Day. Christmas Day is one of very few mandatory public holidays in NZ, even the casino is closed 24 hours. Only places allowed to remain open are petrol stations and restaurants. Hospitality businesses (restaurants, cafes etc) are able to charge a public holiday surcharge if they open on public holidays. If they do so they have to state clearly (ie sign at the door, or counter or menu). This public holidays are 25 and 26 December 2018, and 1 and 2 January 2019. FYI 26 December is also known as Boxing day in NZ. Alcohol cannot be served unless with a meal. So if something that looks like a pub is open, it is highly likely they are open to serve meals and you can order an alcoholic drink with your meal. Restaurants open tend to be fast food places like McDs, KFC, restaurants that are part of hotels, a few ethnic restaurants and maybe a handful of others. Some of the top restaurants shut down from either today or Monday for a few weeks, unless they are part of a hotel or one of the few known to offer a christmas day meal.
Kia Ora Redditors, I have gone through and analysed wide economic Moat companies listed on NZX. Hope the below helps to narrow down your choices in your investment journey.
Wide Moat, what is that ? Before starting this blog post please read this wide moat businesses explanation here Okay, now that we are up to speed, before you invest in any wide moat company you need to ensure financials of the business are solid as well, I’ll cover the topic of How to understand the financials of the business in the upcoming blogs so subscribe (here) to know when the blog is out. Let’s see if we can spot any wide moat business listed on NZX.
Auckland International Airport Limited (NZE: AIA)
Auckland International airport holds a virtual monopoly as the largest airport in NZ and processes the most number of passengers. This is located in the largest city in NZ as well, making it an ideal destination for travelers, With travelers expected to increase in the coming decades, you can clearly see the wide moat around this business.
WILL THE MOAT SHRINK IN THE NEAR FUTURE ?
The likely hood of the moat shrinking is very low since construction of another international airport in Auckland is highly unlikely. Thing to look out for is debt, since airport need vast amounts of money for up keep and improvements( ex: loss of unnecessary capital due to project over runs and delays). Read a more in depth analysis on Auckland International Airport here
Chorus Limited (NS) - (NZE: CNU)
Chorus manages and builds telecommunications infrastructure in NZ, for ex: when ever you sign up for fiber broadband plan with your ISP, Chorus is contracted to install the connections to your house. As copper cables are replaced by fiber optic cables around NZ, the cost of maintaining these new infrastructure grids are less than before.( Fiber vs Copper wiring: cost of copper and fiber optic cables are stronger requiring less maintenance).
WILL THE MOAT SHRINK IN THE NEAR FUTURE ?
I don’t think the moat will shrink in the near future as setting up a telecom infrastructure company with years of know how is quite difficult, the only way I can see this moat shrinking is if international companies what a piece of NZ infrastructure, but I don’t think the government would allow key infrastructure projects to be outsourced.
NZME Limited (NZE: NZM)
NZME is a New Zealand media company which owns brands such as:
NZ herald
Newstalk ZB
ZM
The Hits
Grab one etc…..
The moat exists but it is a very small one, this moat would have been huge during the hay day of print newspaper readership. So what has happened here ? Internet…. Print newspaper is virtually dead, newspapers all around the world are struggling to make money as subscribers dwindle. Due to the drop in readership, less and less ads are placed in the newspaper hence lower revenue. All the eye balls have moved to “ Social Media”, that’s where the ads are now a days. The only saving light I can see is Grab One, the popular coupon site in NZ. I do believe this will provide a strong source of revenue to the company but I am not sure if this can offset the losses in the other divisions.
The New Zealand Refining Company Limited (NZE: NZR)
Refining NZ is New Zealand’s only oil refinery and the leading supplier of refined petroleum products to the New Zealand market, including petrol, diesel, aviation fuel and other products As a critical piece of national energy infrastructure, Refining NZ is responsible for supplying:
around 85% country’s jet fuel
around 67% of diesel
around 58% of all petrol
between 75 and 85% of bitumen for roading
all fuel oil for ships
sulphur for farm fertilizer
CO2 for the carbonated drinks industry
Moat exists because this is the only oil refinery in New Zealand, It also suppliers around 85% of NZ’s aviation fuel. I believe the number of travelers to New Zealand will only increase, Provide refining NZ a solid moat, however as electric cars are bound to make in roads in New Zealand, the demand for petrol and diesel will gradually decrease. So we need to keep an eye out on the financial performance on an annual basis to make sure the business can still maintain the moat.
Port of Tauranga Limited (NS) (NZE: POT)
The Port of Tauranga Located Tauranga (about 200 km away from Auckland) is the largest port in New Zealand in terms of total cargo volume, and the second largest in terms of container throughput. Total exports: 📷 Total Exports from POT As you can see the number of tonnes being exported from port of Tauranga is increasing. Total imports: 📷 Total Imports from POT As you can see the number of tonnes being imported from port of Tauranga is increasing as well. I see this trend continuing as the demand for NZ products especially in emerging markets increases and demand for imports increases as NZ population continues to grow. So the Moat around POT should be in tact for many years to come.
Restaurant Brands New Zealand Limited (NZE: RBD)
Restaurant Brands operates the New Zealand franchises for KFC, Pizza Hut and Carl's Jr. It also operate a KFC franchise in New South Wales, Australia and Taco Bell and Pizza Hut franchise in Hawaii, Guam and Saipan. As of October 2018, Restaurant Brands has 261 stores: 94 KFC New Zealand, 61 KFC Australia 29 Pizza Hut New Zealand, 18 Carl's Jr., 36 Taco Bell Hawaii and 45 Pizza Hut Hawaii stores. It employs nearly 8,000 staff across New Zealand, Australia and Hawaii and serves 120,000 customers worldwide every day. Since RBD operates the NZ franchises for KFC, Pizza Hut and Carl’s Jr and if you wanted to be a franchisee in NZ then you would have to go through them , this gives RBD an economic moat. Will the moat shrink in the near future ? I think the moat will certainly shrink, this is due to the fact that many people are moving away from processed foods to more organic and more healthier options, this will cause sales in fast foods such as KFC, Pizza hut etc to shrink, which in turn means less new franchises opening up. There might even be closures around the corner. So I see the moat being broken pretty soon in the years to come.
SKYCITY Entertainment Group Limited (NS) (NZE: SKC)
SKYCITY Entertainment Group Limited is New Zealand’s largest tourism, leisure and entertainment company. It is one of three major publicly listed casino operators in Australasia. It has entertainment complexes in:
Auckland
Hamilton
Queenstown
Adelaide
Darwin
SkyCity also owns one of Auckland’s best know attractions “Sky Tower”. Although the revenue generated from sky tower to the overall business is small, it is still a jewel in the sky city crown. Will the moat shrink in the near future ? Considering SKC is New Zealand’s largest tourism, leisure and entertainment company, it has all the basis covered for tourists that enter into NZ. It also has large convention centers where numerous conferences are held, I don’t see the moat shrinking any time soon. As they in casino lingo “ House always wins”.
South Port New Zealand Limited (NS) ( NZE: SPN)
SPN is the southern most commercial port in NZ located at Bluff. It is situated in the highly productive province of Southland which is responsible for producing a sizeable proportion of New Zealand’s total exports by value. The region’s major exporters are all situated within 80km of the port. All the moat characteristics explained for Port of Tauranga (POT) exist here as well.
Trade Me Group Limited (NZE: TME)
Trade me is the largest internet auction website in NZ. It has Trade me property, motors, jobs etc. Trade me had held a monopoly on internet auctions for quite some time in NZ, but it’s moat has been slowly eroding away, how ? Trade me jobs is competing against Seek, LinkedIn Trade me property is competing against realestate.co.nz, oneroof etc. Trade me market place is competing against Facebook marketplace. Looking at all the competitions trade me is facing it seems quite difficult to hold down the moat in the future.
Vector Limited (NZE: VCT)
Vector is New Zealand's largest distributor of electricity and gas, owning and operating networks which span the Auckland region.This distribution system gives Vector an economic moat. Vector has been involved in electrification projects - charging stations for electric cars, which I think is great for future growth. As number of electric cars increase, there will definitely be a need for more and more charging stations which vector can deliver. The moat seems to be very much intact.
Kia Ora Redditors, I have gone through and analysed wide economic Moat companies listed on NZX. Hope the below helps to narrow down your choices in your investment journey.
Wide Moat, what is that ? Before starting this blog post please read this wide moat businesses explanation here Okay, now that we are up to speed, before you invest in any wide moat company you need to ensure financials of the business are solid as well, I’ll cover the topic of How to understand the financials of the business in the upcoming blogs so subscribe (here) to know when the blog is out. Let’s see if we can spot any wide moat business listed on NZX.
Auckland International Airport Limited (NZE: AIA)
Auckland International airport holds a virtual monopoly as the largest airport in NZ and processes the most number of passengers. This is located in the largest city in NZ as well, making it an ideal destination for travelers, With travelers expected to increase in the coming decades, you can clearly see the wide moat around this business.
WILL THE MOAT SHRINK IN THE NEAR FUTURE ?
The likely hood of the moat shrinking is very low since construction of another international airport in Auckland is highly unlikely. Thing to look out for is debt, since airport need vast amounts of money for up keep and improvements( ex: loss of unnecessary capital due to project over runs and delays). Read a more in depth analysis on Auckland International Airport here
Chorus Limited (NS) - (NZE: CNU)
Chorus manages and builds telecommunications infrastructure in NZ, for ex: when ever you sign up for fiber broadband plan with your ISP, Chorus is contracted to install the connections to your house. As copper cables are replaced by fiber optic cables around NZ, the cost of maintaining these new infrastructure grids are less than before.( Fiber vs Copper wiring: cost of copper and fiber optic cables are stronger requiring less maintenance).
WILL THE MOAT SHRINK IN THE NEAR FUTURE ?
I don’t think the moat will shrink in the near future as setting up a telecom infrastructure company with years of know how is quite difficult, the only way I can see this moat shrinking is if international companies what a piece of NZ infrastructure, but I don’t think the government would allow key infrastructure projects to be outsourced.
NZME Limited (NZE: NZM)
NZME is a New Zealand media company which owns brands such as:
NZ herald
Newstalk ZB
ZM
The Hits
Grab one etc…..
The moat exists but it is a very small one, this moat would have been huge during the hay day of print newspaper readership. So what has happened here ? Internet…. Print newspaper is virtually dead, newspapers all around the world are struggling to make money as subscribers dwindle. Due to the drop in readership, less and less ads are placed in the newspaper hence lower revenue. All the eye balls have moved to “ Social Media”, that’s where the ads are now a days. The only saving light I can see is Grab One, the popular coupon site in NZ. I do believe this will provide a strong source of revenue to the company but I am not sure if this can offset the losses in the other divisions.
The New Zealand Refining Company Limited (NZE: NZR)
Refining NZ is New Zealand’s only oil refinery and the leading supplier of refined petroleum products to the New Zealand market, including petrol, diesel, aviation fuel and other products As a critical piece of national energy infrastructure, Refining NZ is responsible for supplying:
around 85% country’s jet fuel
around 67% of diesel
around 58% of all petrol
between 75 and 85% of bitumen for roading
all fuel oil for ships
sulphur for farm fertilizer
CO2 for the carbonated drinks industry
Moat exists because this is the only oil refinery in New Zealand, It also suppliers around 85% of NZ’s aviation fuel. I believe the number of travelers to New Zealand will only increase, Provide refining NZ a solid moat, however as electric cars are bound to make in roads in New Zealand, the demand for petrol and diesel will gradually decrease. So we need to keep an eye out on the financial performance on an annual basis to make sure the business can still maintain the moat.
Port of Tauranga Limited (NS) (NZE: POT)
The Port of Tauranga Located Tauranga (about 200 km away from Auckland) is the largest port in New Zealand in terms of total cargo volume, and the second largest in terms of container throughput. Total exports: 📷 Total Exports from POT As you can see the number of tonnes being exported from port of Tauranga is increasing. Total imports: 📷 Total Imports from POT As you can see the number of tonnes being imported from port of Tauranga is increasing as well. I see this trend continuing as the demand for NZ products especially in emerging markets increases and demand for imports increases as NZ population continues to grow. So the Moat around POT should be in tact for many years to come.
Restaurant Brands New Zealand Limited (NZE: RBD)
Restaurant Brands operates the New Zealand franchises for KFC, Pizza Hut and Carl's Jr. It also operate a KFC franchise in New South Wales, Australia and Taco Bell and Pizza Hut franchise in Hawaii, Guam and Saipan. As of October 2018, Restaurant Brands has 261 stores: 94 KFC New Zealand, 61 KFC Australia 29 Pizza Hut New Zealand, 18 Carl's Jr., 36 Taco Bell Hawaii and 45 Pizza Hut Hawaii stores. It employs nearly 8,000 staff across New Zealand, Australia and Hawaii and serves 120,000 customers worldwide every day. Since RBD operates the NZ franchises for KFC, Pizza Hut and Carl’s Jr and if you wanted to be a franchisee in NZ then you would have to go through them , this gives RBD an economic moat. Will the moat shrink in the near future ? I think the moat will certainly shrink, this is due to the fact that many people are moving away from processed foods to more organic and more healthier options, this will cause sales in fast foods such as KFC, Pizza hut etc to shrink, which in turn means less new franchises opening up. There might even be closures around the corner. So I see the moat being broken pretty soon in the years to come.
SKYCITY Entertainment Group Limited (NS) (NZE: SKC)
SKYCITY Entertainment Group Limited is New Zealand’s largest tourism, leisure and entertainment company. It is one of three major publicly listed casino operators in Australasia. It has entertainment complexes in:
Auckland
Hamilton
Queenstown
Adelaide
Darwin
SkyCity also owns one of Auckland’s best know attractions “Sky Tower”. Although the revenue generated from sky tower to the overall business is small, it is still a jewel in the sky city crown. Will the moat shrink in the near future ? Considering SKC is New Zealand’s largest tourism, leisure and entertainment company, it has all the basis covered for tourists that enter into NZ. It also has large convention centers where numerous conferences are held, I don’t see the moat shrinking any time soon. As they in casino lingo “ House always wins”.
South Port New Zealand Limited (NS) ( NZE: SPN)
SPN is the southern most commercial port in NZ located at Bluff. It is situated in the highly productive province of Southland which is responsible for producing a sizeable proportion of New Zealand’s total exports by value. The region’s major exporters are all situated within 80km of the port. All the moat characteristics explained for Port of Tauranga (POT) exist here as well.
Trade Me Group Limited (NZE: TME)
Trade me is the largest internet auction website in NZ. It has Trade me property, motors, jobs etc. Trade me had held a monopoly on internet auctions for quite some time in NZ, but it’s moat has been slowly eroding away, how ? Trade me jobs is competing against Seek, LinkedIn Trade me property is competing against realestate.co.nz, oneroof etc. Trade me market place is competing against Facebook marketplace. Looking at all the competitions trade me is facing it seems quite difficult to hold down the moat in the future.
Vector Limited (NZE: VCT)
Vector is New Zealand's largest distributor of electricity and gas, owning and operating networks which span the Auckland region.This distribution system gives Vector an economic moat. Vector has been involved in electrification projects - charging stations for electric cars, which I think is great for future growth. As number of electric cars increase, there will definitely be a need for more and more charging stations which vector can deliver. The moat seems to be very much intact.
updated 21/08/14. tl;dr 150+ lies and hypocrisies, catalogued with sources. I read this and wanted to get all Key's lies in one place. Thanks to stevo_stevo for the idea and starter list! Please comment with any lies or hypocrisies that have been missed! We get the politicians we deserve. I promise to always be honest - False The big list of John Key's lies 1 John Key claimed that he didn't know about the Exclusive Brethren tactics. False. 2 John Key claimed that he didn't have Tranz Rail Shares. False.
5 John Key claimed that he didn't know about the renewal of the BMW contract in 2011. False. 6 John Key claimed the wage gap between New Zealand and Australia had closed under the National government. False. 7 John Key claimed that his office had no involvement with the SkyCity deal. False. 8 John Key claimed that the Sky City deal will provide 1000 construction jobs and 800 casino jobs. False. 9 John Key claimed that all five bidders for the convention centre were treated equally. False. 10 John Key claimed that Solid Energy asked the government for a $1 billion capital investment. False. 11 John Key claimed that the 2011 Budget would create in the order of 170,000 jobs. False. 12 John Key claimed that NZ SAS soldiers were not involved in the Kabul Hotel gunfight. False. 13 John Key claimed that Iain Rennie recommended Ian Fletcher for the GCSB job. False. 14 John Key claimed that he hadn't seen Ian Fletcher in a long time. False. 15 John Key claimed that it was always the intent of the GCSB Act to be able to spy on New Zealanders. False. - Not sure what this one means. 16 John Key claimed that the illegal spying on Kim Dotcom was an isolated incident. False. 17 John Key claimed that the bulk of New Zealanders earn between $45,000 and $75,000 a year. False.
According to Statistics New Zealand's New Zealand Income Survey results for the June 2010 the median income (the amount which half the people in the country earn below) was $529 per week, which equates to $27508 per year.
18 John Key claimed that he is honest and upfront. False - see above. 19 Video of John Key on the campaign trail in 2008 ruling out a rise in GST if he won the election. False 20 On privatising assets, "I don't believe that's gonna turn the New Zealand economy around. FalseJohn_Banks 21 update 10/07/2014, "National promised in its 2011 election manifesto all state houses which could be practically insulated would be." False 'In answer to written questions this week, Housing Minister Nick Smith said of the 30 percent of the 68,000 houses under Housing New Zealand's management had not been insulated." 22 More GCSB - at least Key's pal is in charge now... "The spymaster who initially cleared the Government Communications Security Bureau (GCSB) of illegally snooping on Kim Dotcom was also directly involved in seeking the suppression order signed by Bill English as Acting Prime Minister." The Herald has learned former chief legal adviser Hugh Wolfensohn was involved in arranging the once-in-a-decade certificate which sought to bury the scandal. The Prime Minister confirmed yesterday for the first time it was Mr Wolfensohn's advice that quelled GCSB and police fears they had illegally spied on Mr Dotcom and his co-accused Bram van der Kolk. He told Parliament: "The best of the legal advice presented by Hugh Wolfensohn was that it was legal. As we now know, GCSB and Mr Wolfensohn were wrong.* Mr Wolfensohn no longer works at the bureau after being placed on "gardening leave". A spokesman for the GCSB said of Mr Wolfensohn's advice: "With hindsight, we know it wasn't right." http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=10872586 23 John Key: 'I've never lied about Kim Dotcom', 21/11/2012 False - from 5 Oct 2012 and One video exposes Key, GCSB’s & Banks’ Dotcom lies 24 "Gerry Brownlee breaches airport security rules". Every other National MP that has broken much less serious rules (and got caught) has been removed from their position. Hypocrisy
Using the exit door jokes, optional.
25 Genesis energy asset sales will be predominantly 'mum and dad' buyers. False. "A controversial American couple are the biggest investors in recently floated Genesis Energy - sparking angry claims the Government has been caught out "screwing the scrum" against mum and dad Kiwi buyers." 26 "The good news was I was having dinner with Ngāti Porou, as opposed to their neighbouring Iwi ,which was Tuhoi, in which case I would have been dinner" (audio) 27 "Prime Minister is claiming repeatedly that Nicky Hagar has “made stuff up”. False & False 28 Key said "I wasn't told" about expedited OIA release to Cameron Slater from the SIS, that subsequently embarrassed then Labour leader Phil Goff. (Allegedly, 21/08/14), False The documents were released in a day, rather than the usual 20 days and according to leaked emails, Slater knew about the contents of the OIA before receiving it. Dr. Warren Tucker, then head of the SIS, said in a letter that Phil Goff now has, that he informed the PM (and SIS Minister) about the OIA request. Another 143 here. @ArchieDaRival doing an admirable job with "John Key's 69 top lies" With some duplicates from the 143 and the above, a number of around 150 seems fair. Honourable mentions
John Key being a dick about GCSB (to tax payers and) Russel Norman in question time.
Open letter to Eugene Bingham or would you have voted for John Key if you had known i. The true relationship John Key had with Andrew Krieger and the attack on the NZ dollar in late 1987. ii. The role John Key had in the Asian Crisis, the Russian collapse and the collapse of the LTCM hedgefund. iii. The role John Key had in the Subprime trade and the real timeline of the Subprime crisis and the subsequent collapse of the global economy.
John Key's History Career • Investment banker, New Zealand for 10 years • Investment banker, Merrill Lynch 1995-2001 • Member, Foreign Exchange Committee of the Federal Reserve Bank of New York 1999-2001 Merrill Lynch Senior Executive Steve Bollotti said of John Key “he revolutionised the blue blood investment banking sector.” Note: The GFC. "Fran O'Sullivan: Key chases luck o' the Irish" - Ireland since bankrupted by bankers.
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