More Green party deceit

The Green taliban just can’t help themselves when it comes to telling fibs. Of course they are aided and abetted by the left-wing slant of the NZ Herald who give them prominent headlines featuring their lies.

The Green Party says that shares sold in the recent float of Mighty River Power went to only a small group of investors – and claims of widespread ‘mum and dad’ ownership are false.

They say half of the shares in Mighty River Power sold by the Government went to just 13,000 people, with 10 per cent going to just 400 individuals, trusts and organisations. 

Those numbers are demonstrably false and they know it. But Russel Norman continues with his envy attack:

Green co-leader Russel Norman said today that while 113,000 investors bought 26.9 per cent of Mighty River, half of those went to fewer than 13,000 investors who bought an average of nearly $35,000 worth of shares each.

“That included a select group of fewer than 400 individuals, trusts, and organisations who bought 10 per cent of the retail shares with an average investment of nearly quarter of a million dollars each. The remaining 101,000 retail investors bought only 13.4 per cent of the company – less than the amount taken by overseas institutions, ” said Norman.

The real numbers are at the bottom of the article but to get there you have to read all the Green spin.

Total value raised by Govt in float – $1.7b

Number of NZers who bought shares – 113,000
Number who pre-registered – 440,000
Average value of shares purchased – $8220

Percentage of shares staying in NZ hands: 86.5pc – $943m
Percentage owned by NZ ‘retail investors’ – 26.9pc
Percentage owned by NZ institutions – 8.6pc – $300m
Percentage owned by overseas institutions – 13.5pc – $472m
Applicants without a CSN – (suggesting first time investors) – 68pc

The Greens obviously do not want the population owning shares, unless it is in their pet projects. You would have thought they’d be supportive of Mighty River Power because they use renewable resources almost exclusively to generate their power. For the Green taliban though they’d prefer everyone to live in poverty and not be aspirational at all.

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As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story. When he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet. Cam Slater doesn’t do quiet and, as a result, he is a polarising, controversial but highly effective journalist who takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him, you can’t ignore him.

To read Cam’s previous articles click on his name in blue.