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Re: NZ Politics Thread

Posted: Mon Jun 04, 2018 11:39 am
by Thai guy
Santa wrote:
Thai guy wrote:
Santa wrote:
Thai guy wrote:It's not up to me. Ask the guy who posted the figure raised.
Why? He posted on the figure raised. You raised the (potential) lost dividends. And incidentally those wouldn't be on the other side of the ledger from cash. I'm no accountant but I don't think you retain a quantification of opportunity costs on balance sheets.

Anyway when you get around to posting your numbers make sure to net off foregone dividends against dividends received and make sure to adjust your base estimate for the assets remaining in public hands. Post your adjustment assumptions too.
This is nice. An archeologist pretending to be an economist with the express purpose of claiming there would be no net dividend to the public from assets since sold in the last 30 years.

What school did you get your degree from? I think you claimed to be the board's pre-eminent Maori once too, didn't you? If so you have shamed them in spades.
I'm not an archaeologist.

I'm talking about accounting and finance not economics.

I did not claim there would be no net dividends.

I believe that we have reached the end of your brain.
That's right. You claim to be an anthropologist, not an archeologist. Meanwhile, I don't claim to be anything but a punter who knows when assets are taken away from the public and transferred to private interests.

Re: NZ Politics Thread

Posted: Mon Jun 04, 2018 11:40 am
by Santa
Thai guy wrote:
Santa wrote:
Thai guy wrote:
Santa wrote:
Thai guy wrote:It's not up to me. Ask the guy who posted the figure raised.
Why? He posted on the figure raised. You raised the (potential) lost dividends. And incidentally those wouldn't be on the other side of the ledger from cash. I'm no accountant but I don't think you retain a quantification of opportunity costs on balance sheets.

Anyway when you get around to posting your numbers make sure to net off foregone dividends against dividends received and make sure to adjust your base estimate for the assets remaining in public hands. Post your adjustment assumptions too.
This is nice. An archeologist pretending to be an economist with the express purpose of claiming there would be no net dividend to the public from assets since sold in the last 30 years.

What school did you get your degree from? I think you claimed to be the board's pre-eminent Maori once too, didn't you? If so you have shamed them in spades.
I'm not an archaeologist.

I'm talking about accounting and finance not economics.

I did not claim there would be no net dividends.

I believe that we have reached the end of your brain.
That's right. You claim to be an anthropologist, not an archeologist. Meanwhile, I don't claim to be anything but a punter who knows when assets are taken away from the public and transferred to private interests.
I did not claim to be an anthropologist. Someone else asserted that about me.

Re: NZ Politics Thread

Posted: Mon Jun 04, 2018 11:43 am
by Thai guy
Santa wrote:
Thai guy wrote:
Santa wrote:
Thai guy wrote:
Santa wrote:Why? He posted on the figure raised. You raised the (potential) lost dividends. And incidentally those wouldn't be on the other side of the ledger from cash. I'm no accountant but I don't think you retain a quantification of opportunity costs on balance sheets.

Anyway when you get around to posting your numbers make sure to net off foregone dividends against dividends received and make sure to adjust your base estimate for the assets remaining in public hands. Post your adjustment assumptions too.
This is nice. An archeologist pretending to be an economist with the express purpose of claiming there would be no net dividend to the public from assets since sold in the last 30 years.

What school did you get your degree from? I think you claimed to be the board's pre-eminent Maori once too, didn't you? If so you have shamed them in spades.
I'm not an archaeologist.

I'm talking about accounting and finance not economics.

I did not claim there would be no net dividends.

I believe that we have reached the end of your brain.
That's right. You claim to be an anthropologist, not an archeologist. Meanwhile, I don't claim to be anything but a punter who knows when assets are taken away from the public and transferred to private interests.
I did not claim to be an anthropologist. Someone else asserted that about me.
Are you even Maori, like you claimed? There's a lot of uncertainty right now. :?

Re: NZ Politics Thread

Posted: Mon Jun 04, 2018 12:07 pm
by Santa
Thai guy wrote:Are you even Maori, like you claimed? There's a lot of uncertainty right now. :?
Read the last few posts you idiot. I'm not the one making false claims. :lol:

Re: NZ Politics Thread

Posted: Mon Jun 04, 2018 12:12 pm
by booji boy
This is such a great thread.

Re: NZ Politics Thread

Posted: Mon Jun 04, 2018 12:20 pm
by Thai guy
Santa wrote:
Thai guy wrote:Are you even Maori, like you claimed? There's a lot of uncertainty right now. :?
Read the last few posts you idiot. I'm not the one making false claims. :lol:
I think I post way too much here at 3.5/day. Under this login which started the same time as yours I've done under a third of your posts and I've estimated about 6k to 7k since my first appearance here in 2010 which is your total in a year and a bit.

Edit: Not fair. We all have reasons for our post cost.

Re: NZ Politics Thread

Posted: Mon Jun 04, 2018 12:34 pm
by eugenius
An underemployed one ?

Re: NZ Politics Thread

Posted: Tue Jun 05, 2018 4:55 am
by Wilderbeast
Isn’t he the guy that worked at the reserve bank and got on the previous boss’s tits (Ben Wheeler) in a big way with his blog posts and OIA requests?

I’ll have to give that a read.

Re: NZ Politics Thread

Posted: Tue Jun 05, 2018 6:14 am
by Gordon Bennett
One question that I had about asset sales, which I've yet to ask, is now does the Genesis Dividend Reinvestment scheme work to continue to allow the government to hold a 51% stake.

The reinvestment scheme was announced earlier this year as I recall. This basically meant that a shareholder could, instead of taking a cash dividend, reinvest this in holding a greater number of (newly issued) shares. This obviously dilutes the shareholding if the government doesn't buy up a proportionately equal number of shares.

So, does this mean that the Scheme (as approved by the board of Genesis, not by the Government as far as I can tell) effectively reduces the cash dividend from Genesis to the Government due to the need for the Government to reinvest the dividend into shares?

What I'm not sure of is whether there are multiple classes of shares that render the above concern obsolete.

Re: NZ Politics Thread

Posted: Tue Jun 05, 2018 9:12 am
by AD345
guy smiley wrote:Getting back to current and pressing matters, Hareaway mentioned the MBovis outbreak and the threat it represents to farming and the wider economy a while back... I found an article by one time Professor of Farm Management and Agribusiness at Lincoln University and now "now Principal Consultant at AgriFood Systems Ltd" Keith Woodford, so he's pretty well informed and current in the industry. It's an interesting read and a bit worrying if he's right, because he's saying MFI aren't investigating an adequate timeframe and rather than one farmer being responsible, it may be a result of semen imports from one supplier that, while fulfilling the requirements for screening may have slipped through contaminated. Too long to copy into here, so linkage.

MPI

Re: NZ Politics Thread

Posted: Tue Jun 05, 2018 9:25 am
by TheDocForgotHisLogon
AD345 wrote:
guy smiley wrote:Getting back to current and pressing matters, Hareaway mentioned the MBovis outbreak and the threat it represents to farming and the wider economy a while back... I found an article by one time Professor of Farm Management and Agribusiness at Lincoln University and now "now Principal Consultant at AgriFood Systems Ltd" Keith Woodford, so he's pretty well informed and current in the industry. It's an interesting read and a bit worrying if he's right, because he's saying MFI aren't investigating an adequate timeframe and rather than one farmer being responsible, it may be a result of semen imports from one supplier that, while fulfilling the requirements for screening may have slipped through contaminated. Too long to copy into here, so linkage.

MPI
We might be at the point where MPI needs disbanded and reformed. Fishing, farming, and forestry are all industries that don't even begin to pay their way and aren't held to even the most basic of their legal and community obligations. Just one thing, but one that for some reason pisses down my leg, is wilding pines. I rode through the Mackenzie and Central this summer and they're all over the place. The cleanup should be sheeted home to that industry and if that means it's an unviable industry the so be it.

Re: NZ Politics Thread

Posted: Tue Jun 05, 2018 9:41 am
by AD345
TheDocForgotHisLogon wrote:
AD345 wrote:
guy smiley wrote:Getting back to current and pressing matters, Hareaway mentioned the MBovis outbreak and the threat it represents to farming and the wider economy a while back... I found an article by one time Professor of Farm Management and Agribusiness at Lincoln University and now "now Principal Consultant at AgriFood Systems Ltd" Keith Woodford, so he's pretty well informed and current in the industry. It's an interesting read and a bit worrying if he's right, because he's saying MFI aren't investigating an adequate timeframe and rather than one farmer being responsible, it may be a result of semen imports from one supplier that, while fulfilling the requirements for screening may have slipped through contaminated. Too long to copy into here, so linkage.

MPI
We might be at the point where MPI needs disbanded and reformed. Fishing, farming, and forestry are all industries that don't even begin to pay their way and aren't held to even the most basic of their legal and community obligations. Just one thing, but one that for some reason pisses down my leg, is wilding pines. I rode through the Mackenzie and Central this summer and they're all over the place. The cleanup should be sheeted home to that industry and if that means it's an unviable industry the so be it.
I think I would start with resourcing MPI sufficiently to be able to meet their remit. Disbanding it and creating something else would eat up a large amount of time and money with no guarantee of a better outcome.

MPI is one of the two major regulatory bodies that has oversight over my business, the other being Medsafe. At the most basic level they simply cannot attract and retain operational staff. Auditor turnover is horrendous and the number of vacancies should send a chill up the spine of anyone that is in any way connected to anything to do with any part of any primary industry value chain

which is, oh, most of us.

Re: NZ Politics Thread

Posted: Tue Jun 05, 2018 9:50 am
by deadduck
The ironic thing about the asset sales moaning and the "lost dividends" is that Genesis, Meridian and Mighty River Power paid out virtually the same or more to the government in dividends after they sold half of them.

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Re: NZ Politics Thread

Posted: Tue Jun 05, 2018 10:08 am
by TheDocForgotHisLogon
deadduck wrote:The ironic thing about the asset sales moaning and the "lost dividends" is that Genesis, Meridian and Mighty River Power paid out virtually the same or more to the government in dividends after they sold half of them.

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Thanks for posting. The asset sales debate is such a complete crock it's not funny. State assets under National went up by tens of billions (from memory about 30% over nine years) but some people seem to have a view that the state should only ever acquire assets and never sell any. Quite why we should own exactly n% of specific companies as a matter of faith is never explained, mainly because there's no rationale only emotion to present, and of course now in power Labour, NZ First, and The Greens who all vigorously opposed the sales have absolutely nil intention of buying those particular assets back.

Re: NZ Politics Thread

Posted: Tue Jun 05, 2018 10:36 am
by eugenius
deadduck wrote:The ironic thing about the asset sales moaning and the "lost dividends" is that Genesis, Meridian and Mighty River Power paid out virtually the same or more to the government in dividends after they sold half of them.

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Um doesn’t that imply something ?

Re: NZ Politics Thread

Posted: Tue Jun 05, 2018 10:38 am
by Santa
TheDocForgotHisLogon wrote:
deadduck wrote:The ironic thing about the asset sales moaning and the "lost dividends" is that Genesis, Meridian and Mighty River Power paid out virtually the same or more to the government in dividends after they sold half of them.

Image
Image
Image
Thanks for posting. The asset sales debate is such a complete crock it's not funny. State assets under National went up by tens of billions (from memory about 30% over nine years) but some people seem to have a view that the state should only ever acquire assets and never sell any. Quite why we should own exactly n% of specific companies as a matter of faith is never explained, mainly because there's no rationale only emotion to present, and of course now in power Labour, NZ First, and The Greens who all vigorously opposed the sales have absolutely nil intention of buying those particular assets back.
Correct. All of the above.

To your question about the Genesis Dividend Reinvestment Scheme, I scanned through the offer document and didn't see any reference to special share classes so I assume that it applies to all ordinary shares, in which case I think your summary is likely correct: the NZ Government would have to participate in order to maintain or increase its shareholding. I suspect the Government agreed to it however. If New Zealand is like the UK I imagine establishing the scheme would require a shareholder vote.

Re: NZ Politics Thread

Posted: Tue Jun 05, 2018 10:56 am
by Wilderbeast
TheDocForgotHisLogon wrote:
deadduck wrote:The ironic thing about the asset sales moaning and the "lost dividends" is that Genesis, Meridian and Mighty River Power paid out virtually the same or more to the government in dividends after they sold half of them.

Image
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Image
Thanks for posting. The asset sales debate is such a complete crock it's not funny. State assets under National went up by tens of billions (from memory about 30% over nine years) but some people seem to have a view that the state should only ever acquire assets and never sell any. Quite why we should own exactly n% of specific companies as a matter of faith is never explained, mainly because there's no rationale only emotion to present, and of course now in power Labour, NZ First, and The Greens who all vigorously opposed the sales have absolutely nil intention of buying those particular assets back.
State assets would’ve gone up if National did fudge all simply through the giant asset revaluation reserve at HNZ. That point proves nothing.

As for the argument, if you believe access to electricity is not a luxury but a necessity, it’s not such a stretch to form an argument that the means for producing and distributing power should sit in govt hands. Not saying I buy the argument, but it’s not as loony as National wants you to think.

Re: NZ Politics Thread

Posted: Tue Jun 05, 2018 10:58 am
by deadduck
eugenius wrote:
deadduck wrote:The ironic thing about the asset sales moaning and the "lost dividends" is that Genesis, Meridian and Mighty River Power paid out virtually the same or more to the government in dividends after they sold half of them.

Image
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Image

Um doesn’t that imply something ?

It does but almost certainly not what you're thinking.
The Treasury report suggests that if the Govt had never sold the 49% stake these dividends wouldn't have been paid out to the same degree. Although there's an awful lot of spurious analysis in that.

Re: NZ Politics Thread

Posted: Tue Jun 05, 2018 11:08 am
by Dark
Wilderbeast wrote:
TheDocForgotHisLogon wrote:
deadduck wrote:The ironic thing about the asset sales moaning and the "lost dividends" is that Genesis, Meridian and Mighty River Power paid out virtually the same or more to the government in dividends after they sold half of them.

Image
Image
Image
Thanks for posting. The asset sales debate is such a complete crock it's not funny. State assets under National went up by tens of billions (from memory about 30% over nine years) but some people seem to have a view that the state should only ever acquire assets and never sell any. Quite why we should own exactly n% of specific companies as a matter of faith is never explained, mainly because there's no rationale only emotion to present, and of course now in power Labour, NZ First, and The Greens who all vigorously opposed the sales have absolutely nil intention of buying those particular assets back.
State assets would’ve gone up if National did fudge all simply through the giant asset revaluation reserve at HNZ. That point proves nothing.

As for the argument, if you believe access to electricity is not a luxury but a necessity, it’s not such a stretch to form an argument that the means for producing and distributing power should sit in govt hands. Not saying I buy the argument, but it’s not as loony as National wants you to think.
20% of the other 49% was brought by the super fund and kiwibank

The govt is hardly not controlling things

Re: NZ Politics Thread

Posted: Tue Jun 05, 2018 11:20 am
by Wilderbeast
Kiwibank bought some? Are you sure? Why would a bank heavily invest in power companies? That makes no sense at all.

Re: NZ Politics Thread

Posted: Tue Jun 05, 2018 11:24 am
by Dark
Wilderbeast wrote:Kiwibank bought some? Are you sure? Why would a bank heavily invest in power companies? That makes no sense at all.
Apologies

Could have been ACC.

One of them did

It gets confusing as ACC and Super brought a heap of Kiwisaver

Like one giant love in, but basically a little bit like swapping money between lots of different cost centers for best results

Re: NZ Politics Thread

Posted: Tue Jun 05, 2018 11:30 am
by Wilderbeast
Just checked meridians top 20 shareholders. Crown has 51% and ACC has 1.8%.

Re: NZ Politics Thread

Posted: Tue Jun 05, 2018 1:29 pm
by eugenius
:roll:

Re: NZ Politics Thread

Posted: Tue Jun 05, 2018 3:38 pm
by UncleFB
deadduck wrote:
eugenius wrote:
deadduck wrote:The ironic thing about the asset sales moaning and the "lost dividends" is that Genesis, Meridian and Mighty River Power paid out virtually the same or more to the government in dividends after they sold half of them.

Image
Image
Image

Um doesn’t that imply something ?

It does but almost certainly not what you're thinking.
The Treasury report suggests that if the Govt had never sold the 49% stake these dividends wouldn't have been paid out to the same degree. Although there's an awful lot of spurious analysis in that.
And maybe NZ wouldn't have stupidly high power bills in comparison to Oz ...

Re: NZ Politics Thread

Posted: Tue Jun 05, 2018 8:41 pm
by Enzedder
So, Power companies sell off shares and the focus changes to profit. :x

Prices soar. :x

Dividends are nice but it is coming from my pocket to a) the rich pricks who could afford shares and b) the Government who are already getting 3lbs of flesh from me each week

Can we go back to where it was please?

Re: NZ Politics Thread

Posted: Tue Jun 05, 2018 9:12 pm
by Sonny Blount
Enzedder wrote:So, Power companies sell off shares and the focus changes to profit. :x

Prices soar. :x

Dividends are nice but it is coming from my pocket to a) the rich pricks who could afford shares and b) the Government who are already getting 3lbs of flesh from me each week

Can we go back to where it was please?

The government needs to sell down from its current 64% ownership of generation, to 0% ownership.

Re: NZ Politics Thread

Posted: Wed Jun 06, 2018 12:15 am
by Gordon Bennett
Dark wrote:
Wilderbeast wrote:Kiwibank bought some? Are you sure? Why would a bank heavily invest in power companies? That makes no sense at all.
Apologies

Could have been ACC.

One of them did

It gets confusing as ACC and Super brought a heap of Kiwisaver

Like one giant love in, but basically a little bit like swapping money between lots of different cost centers for best results
You're thinking of NZ Post's sale of Kiwibank, I suspect. The bank had to be retained in public hands, and so ~50% was sold off to the NZ Super Fund and ACC.

Re: NZ Politics Thread

Posted: Wed Jun 06, 2018 12:18 am
by Gordon Bennett
Sonny Blount wrote:
Enzedder wrote:So, Power companies sell off shares and the focus changes to profit. :x

Prices soar. :x

Dividends are nice but it is coming from my pocket to a) the rich pricks who could afford shares and b) the Government who are already getting 3lbs of flesh from me each week

Can we go back to where it was please?

The government needs to sell down from its current 64% ownership of generation, to 0% ownership.
Nah. I lived through the sell off of these type of assets in the UK. Prices for the consumer have increased substantially and in the end most of those assets (last time I checked) were owned by foreign interests. Certainly hasn't been for the benefit of the end user.

Re: NZ Politics Thread

Posted: Wed Jun 06, 2018 12:30 am
by Enzedder
Sonny Blount wrote:
Enzedder wrote:So, Power companies sell off shares and the focus changes to profit. :x

Prices soar. :x

Dividends are nice but it is coming from my pocket to a) the rich pricks who could afford shares and b) the Government who are already getting 3lbs of flesh from me each week

Can we go back to where it was please?

The government needs to sell down from its current 64% ownership of generation, to 0% ownership.

No, it doesn't NEED to do that at all. That would be an ideological stance rather than an essential one.

Re: NZ Politics Thread

Posted: Wed Jun 06, 2018 12:34 am
by deadduck
UncleFB wrote:
deadduck wrote:
eugenius wrote:
deadduck wrote:The ironic thing about the asset sales moaning and the "lost dividends" is that Genesis, Meridian and Mighty River Power paid out virtually the same or more to the government in dividends after they sold half of them.

Image
Image
Image

Um doesn’t that imply something ?

It does but almost certainly not what you're thinking.
The Treasury report suggests that if the Govt had never sold the 49% stake these dividends wouldn't have been paid out to the same degree. Although there's an awful lot of spurious analysis in that.
And maybe NZ wouldn't have stupidly high power bills in comparison to Oz ...
The Australian electricity market is not the model we should aim for. Their generation is filthy coal and gas plants, no wonder it's so cheap it's 90% fossil fuel based. The true cost is much higher if they properly accounted for their carbon emissions.

Re: NZ Politics Thread

Posted: Wed Jun 06, 2018 12:43 am
by UncleFB
deadduck wrote:
UncleFB wrote:
deadduck wrote:
eugenius wrote:
deadduck wrote:The ironic thing about the asset sales moaning and the "lost dividends" is that Genesis, Meridian and Mighty River Power paid out virtually the same or more to the government in dividends after they sold half of them.

Image
Image
Image

Um doesn’t that imply something ?

It does but almost certainly not what you're thinking.
The Treasury report suggests that if the Govt had never sold the 49% stake these dividends wouldn't have been paid out to the same degree. Although there's an awful lot of spurious analysis in that.
And maybe NZ wouldn't have stupidly high power bills in comparison to Oz ...
The Australian electricity market is not the model we should aim for. Their generation is filthy coal and gas plants, no wonder it's so cheap it's 90% fossil fuel based. The true cost is much higher if they properly accounted for their carbon emissions.
Fair enough, but you know that wasn't the actual point I'm making.

Re: NZ Politics Thread

Posted: Wed Jun 06, 2018 2:12 am
by booji boy
guy smiley wrote:Are NZ power prices higher than Australia's?

That's f**king terrible.
Prices are horrendous here. Moving from Auckland to Taupo about 10 years ago it really shocked me how expensive it is to heat a home in a colder climate and how there is no subsidy for colder regions where more energy is needed to heat homes. It was much cheaper in a place like Auckland where the climate is much more moderate. I can afford it of course but it made me think how expensive it must be for lower income families to heat their homes. Foraging for firewood and pine cones is the answer I guess. :?

Re: NZ Politics Thread

Posted: Wed Jun 06, 2018 2:33 am
by UncleFB
guy smiley wrote:Are NZ power prices higher than Australia's?

That's f**king terrible.
My monthly powerbill in Oz is a 3rd of my old monthly powerbills in NZ - including summer months where fans and aircon run way more than they did back in NZ.

Re: NZ Politics Thread

Posted: Wed Jun 06, 2018 2:46 am
by UncleFB
guy smiley wrote:Jesus h etc.

I plan on moving back soon. This is not ideal. Sack the govt.
I remember when my right leaning uncle told me how much cheaper private, 'competitive' power would be in NZ - he's now the loudest complainer about power bills because he has 4 daughters.

Re: NZ Politics Thread

Posted: Wed Jun 06, 2018 2:58 am
by eugenius
Those Mums and Dad’s really made out like bandits huh ?

Re: NZ Politics Thread

Posted: Wed Jun 06, 2018 2:59 am
by UncleFB
guy smiley wrote:
UncleFB wrote:
guy smiley wrote:Jesus h etc.

I plan on moving back soon. This is not ideal. Sack the govt.
I remember when my right leaning uncle told me how much cheaper private, 'competitive' power would be in NZ - he's now the loudest complainer about power bills because he has 4 daughters.
Tell him about the positive dividend return :thumbup:
I don't think he thought to purchase any shares at the time.

Side note, I visited Perth for the first time this weekend. It's basically just NZ, everywhere we went reminded us of different places in NZ. I told my mates who were with me there's no point going to NZ now. Lots of fish and chip shops like at home, sadly still Aussie priced but what can you do.

But, man Perth is a sleepy town. Roughly the same population as Auckland but the traffic of Hastings on a Sunday night (not Friday afternoon though, my sister wont drive on a Friday in Hastings because there's too much traffic :lol: ).

Other random thoughts, Google maps is f**ked in Perth - we took four different routes to and from Fremantle for no discernible reason and if there was a direct route then maps would send us to a freeway to get there, it's not like there was lots of traffic. Perth has the most accurate Zomato ratings ever (Sydney is hit and miss as a place can be trendy and get a good rating but the food is shit), and the couple of cafes we went to for breakfast were well worth their nearly 5 ratings. Rottnest Island was great, I'd like to head there for an overnight stay in summer. Also, best Whittakers selection at the supermarket on the island, although still missing hazelnut which is unobtainable in Oz.

Re: NZ Politics Thread

Posted: Wed Jun 06, 2018 3:00 am
by Wilderbeast
I have some meridian shares 8)

:uhoh:

*gets coat*

Re: NZ Politics Thread

Posted: Wed Jun 06, 2018 3:05 am
by UncleFB
guy smiley wrote:You came to Perth... :shock:


and Freo? :shock: :shock:

and you didn't even try to say hello. I don't care what you think about this place. I don't care about anything anymore. :(
Because I knew you were going to fucking call it Freo. Why can't Aussies just say words properly!

Re: NZ Politics Thread

Posted: Wed Jun 06, 2018 3:10 am
by UncleFB
guy smiley wrote:
UncleFB wrote:
guy smiley wrote:You came to Perth... :shock:


and Freo? :shock: :shock:

and you didn't even try to say hello. I don't care what you think about this place. I don't care about anything anymore. :(
Because I knew you were going to fucking call it Freo. Why can't Aussies just say words properly!
Because it's Freo. Loosen up, m8. Kiwis are too... proper.
Makes my ears hurt!

Next visit - beer in Fremantle after I've eaten my weight in the doughnuts from the markets.

Re: NZ Politics Thread

Posted: Wed Jun 06, 2018 3:19 am
by UncleFB
guy smiley wrote:
UncleFB wrote: Makes my ears hurt!

Next visit - beer in Fremantle after I've eaten my weight in the doughnuts from the markets.
:lol:

That donut place is just a few metres away from my favourite coffee spot... it's hard to get a seat but if you do you're sitting in the middle of all the mayhem in your own quiet spot with excellent coffee. I hate the markets... can't believe I got dragged in there and introduced to the coffee spot. Now I put myself in there every weekend. It's hell.

Fremantle, as the tourists call it, is an ok town that's been great, had a slump and is on the rebuild. I try not to think about the rest of Perth too much.
I liked it, it reminded me and my mate (also from the Bay) of the Ahuriri area of Napier (on a much larger scale). I liked the rest of Perth but obviously was only there for 4 days so not an accurate representation of living there.

I went to the markets twice, the first time to do the usual touristy look around and the second just to get doughnuts.