No use investing in the airport

Auckland Airport Authority aka ‘Dick Turpin' have had the gall and audacity to deny pensioners their half-yearly dividend for April this year.

How many old-age pensioners will suffer because of this immoral action.

Many depend on it to subsidise their meagre pension, not to mention the institutes who are in charge of our pension funds.

Is this the price of an extra runway? We buy shares in order to be in a position to rely on dividends to pay our bills. It is extortion and the public should be made aware if they are thinking of putting their savings into such a venture.The whole aim of purchasing these shares was to improve our living standards in our old age.

Auckland Airport has completely sabotaged this objective. It provokes the thought of reconsideration into another vehicle of investment.

N Jones, Papamoa.

2 comments

Welcome to the Real World

Posted on 16-05-2014 13:21 | By The Caveman

Its about time that the general public realised that companies like Auckland Airport are NOT run for the benefit of the small shareholder. They are run for the benefit of the top execs fat salaries and the major shareholders. The general public "joe investor" is better off with medium term bank deposits where they know they will get a regular payment of a known amount


Nature of the beast

Posted on 17-05-2014 20:49 | By Te Ponui

no investment is a 100% guarantee.


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