[LINK] the Telstra TruJerko Trio
Marghanita da Cruz
marghanita at ramin.com.au
Wed Sep 13 11:34:14 EST 2006
Craig Sanders wrote:
> On Wed, Sep 13, 2006 at 09:43:47AM +1000, Richard Chirgwin wrote:
>>>IMO, Trujillo was hired specifically to bring down the telstra share
>>>price so that institutional investors could get a T3 bargain.
>>Agree. And not only do I agree with you, Craig - but in a piece in
>>the Saturday business section of the SMH on September 2, this was
>>specifically stated by several share analysts. What was shocking was
>>not the idea that the share price would be "talked down" to offer
>>a bargain - shocking enough since that amounts to stealing from
> it's also stealing from the current share-holders. and that is
> unarguably a crime.
> i guess crimes aren't crimes when the shareholders are (indirectly)
> tax-payers. with any non-publicly owned company, the senior management
> AND the board of directors would be facing criminal charges for acts far
> less blatant than this.
>>the taxpayer! - but that none of the share analysts saw anything
>>disturbing about doing so.
In my view, there was no choice but to sell off the rest of Telstra.
Whether the analysts are talking the price up or down is for investors
in T3 to decide. There are a large chunk of public servants (and
politicians?), whose super
is in the future fund, who are pondering this very issue.
the debate on privatisation/the sell off of Australia Post, medibank and
public hospitals is ofcourse going to be a more interesting
debate....but getting back to topic, these analysts you refer to are
only financial analysts who, have their own interests. You can choose to
take their advice or not.
just a small point, from a financial perspective - maybe only taxpayers
views are important...but from a democratic point of view...it is the
voters that elect a government.
Also, it is worth remembering that we now have the GST which is a
Marghanita da Cruz
Email: marghanita at ramin.com.au
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