Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
10 November 2010
17:2079479Guest 649- Registered: 12 Mar 2008
- Posts: 14,118
10 November 2010
17:4779484How can anyone say,with the times we live in and we see not only very big companys going bankrupt and the banks and even countrys going bankrupt and you heard right COUNTRYS going Bankrupt,that the port of Dover is above all that? you can not ,as I said before none of us know where we will be in five years time,I did say could go bankrupt,and that is why it must stay as it is now, this way we see £50million pounds in the pot ,it is not alot but better then none at all.
Ross Miller
- Location: London Road, Dover
- Registered: 17 Sep 2008
- Posts: 3,707
10 November 2010
22:1379543Gents
On current freight and passenger volumes DHB makes £20m per annum profit, far from bankruptcy by any stretch of the imagination (from DHB accounts)
Under the Ports Act 1991 any purchaser needs to sink 50% of the purchase consideration into the port as working capital so the "Peoples Port" bid will have a war chest of £200m as working capital plus the cashflow from normal operations and the annual profit, again far from bankruptcy. (read the act and the Peoples Port proposal)
T2 is a red herring at this juncture due to current and short term future economic conditions, it is not needed and should not be built. This is why DHB are extending 2 of the existing berths to accommodate the new P&O "Super Ferries", they know T2 is a non starter. (see other threads on here regarding port activity)
Despite this DHB have already raised c£60m in special levies from the ferry companies to build T2, but have used it to tidy up the company pension fund etc. to make it attractive for a trade sale. Probably one of the many reasons the Ferry operators have put their weight behind the "Peoples Port" proposal. (see press articles from when DHB originally proposed a trade sale)
Sorry Vic the country is not going bankrupt, all economic indicators show that the economy is improving and the Bank of England has confirmed that they are not going to revert to QE/printing money as that would significantly fuel the risk of inflation as the economy improves. (ref the FT or any decent papers financial pages today)
If UKIP are going to peddle this nonsense please provide your evidence (as I have)
"Dream as if you'll live forever. Live as if you'll die today." - James Dean
"Being deeply loved by someone gives you strength,
While loving someone deeply gives you courage" - Laozi
Guest 675- Registered: 30 Jun 2008
- Posts: 1,610
10 November 2010
22:1979547Politics, it seems to me, for years, or all too long, has been concerned with right or left instead of right or wrong.
Richard Armour
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
10 November 2010
22:2279549Well said Ross - I just could not be bothered with this nonsense they are peddling.
Ross Miller- Location: London Road, Dover
- Registered: 17 Sep 2008
- Posts: 3,707
10 November 2010
22:2579551My pleasure gents
The sort of vested interest scare story without any sensible or rational foundation gets my dander up to say the least
"Dream as if you'll live forever. Live as if you'll die today." - James Dean
"Being deeply loved by someone gives you strength,
While loving someone deeply gives you courage" - Laozi
Guest 696- Registered: 31 Mar 2010
- Posts: 8,115
10 November 2010
23:2179567Ross, as I posted on the front page, I won't participate on the Dover Port privatisation topic anymore on the Forum. The theme of if a ferry-operator could not operate at a profit at Dover with increased port-dues owing to privatisation, has been turned into P&O are going bankrupt world-wide, which I certainly have not stated! In these conditions further participation in the topic of Dover Port here is senseless! Turning words around with me is a poor show, and I think I should underline this. Not that I'm referring to you.
May-be you might just like to consider that the T2 project was at the original basis of the whole proposal of port-privatisation, so if it the T2 project were off the table, then the founding reason that lead to the request for Port privatisation would be extinct.
I think this should be the right bar for me to exit this topic on the Forum.
Guest 672- Registered: 3 Jun 2008
- Posts: 2,119
10 November 2010
23:2379569Amen.
Sorry for the one liner.
grass grows by the inches but dies by the feet.
Guest 649- Registered: 12 Mar 2008
- Posts: 14,118
10 November 2010
23:4079574First I told you that it did not come from UKIP.And I did not say that the UK was going bankrupt,Ross if you are going to Quote on my post get it right first will you,read it again and again then when it thinks in what I have wrote please come back.But again like I said any company any any bank ,big or small have over the last year or to gone Bankrupt,and this is what I said we should look at what has happen to conuntrys and yes some within the EU are saying we are bankrupt,at no time did I say that the UK is or would. But any company could buy the port and then later on find it self bankrupt,and please do not say that could not happen,just think back what happen to the tunnel a few years back.And you or anyone can not say it could not happen to the Port of dover after a sell off,and Barry you should know this with the work you do, nothing is safe at this time "NOTHING"
Guest 698- Registered: 28 May 2010
- Posts: 8,664
11 November 2010
00:0279577Chaps, I think the first rule of holes has just been rediscovered by the UKIP crew.
I'm an optimist. But I'm an optimist who takes my raincoat - Harold Wilson
