So according to Airdy, Gunns jumped on the political overseas bandwagon. HOW? Is Gunns being updated on an email list whenever our polly’s are traveling overseas? How did Gunns know Airdy was going overseas in the first place? Did anyone listen ABC radio between 4 – 6.00pm on Tues 15th Sept? When the presenter asked Airdy something along the lines of – if your trip is so ‘in-confidence’ how did Gunns know you were going????? Airdy, like he does, couldn’t string three words together to answer the question.
Furthermore, investors in Gunns obviously aren’t confident. Most of you would listen to the financial section of the news and you would have heard the expression the ‘all ordinaries index’ (at the moment it is about $4,550.00). In easy, broad terms, that is the total if you bought one share from every company listed on the stock exchange. Therefore if you see on the news that the index went up 4% you may well expect most shares to go up by that amount or it might be impacted by the industrial sector, banking sector etc. Generally speaking Gunns share price has not fulfilled the nett increase of the all ordinaries in the last 6 months, meaning investor confidence is not with this particular company. Is there any wonder that smart overseas companies have a big question mark over Gunns and an even bigger question mark over the people currently governing Tasmania.
Just as a by the by … interesting to note that Tasmanians overall hold a smaller percentage of shares in Australia than they did two years ago. If you extrapolated that, one could only assume that company’s such as Gunns are owned by absent from the state share holders. Therefore the Tasmanian taxpayer in its endeavours via the government to secure the mill is by definition lining the pockets of people who do not live in Tasmania.
Just WHO is Airdy working for? Maybe someone needs to remind him.
This comment appears HERE. Comment HERE
Charles and Claire Gilmour
