Medibank Private offer - anyone in?

[Isochronous]

Mine are gone and the money is back in CBA hybrids.

I'm still holding. What CBA hybrids are you talking about?

 

[Pushka]

I'm still holding. NAB holds two different addresses for us and I selected the "wrong" one. So shares currently in limbo to get onto the NAB trading platform.

 

[coles525]

Still own, not fussed about price. There for the long term.

 

[cove]

CBAPC is a security I parked the Medibank profit in. Talk to your adviser to see if that suits your risk profile. I put the capital into NAB shares at $33 so that is probably riskier but today is an up day.

 

[drross]

Still own, not fussed about price. There for the long term.

don't forget the good initial dividend

 

[moa999]

And good bluechip div stocks (eg Telstra) will go up as rates drop further and people chase yield

 

[whatmeworry]

Still baffling why Medibank was sold off.

The Abbott government recently sold Medibank Private for $5.9 billion. In the four years since the Rudd government converted Medibank Private into a profit-making insurer, the Commonwealth collected from it $1.366 billion in dividends and taxes. As far as productive assets go, the government had a cash cow. Medibank Private earned the Commonwealth a 16-fold return on the $85 million investment they put into it.
If the proceeds of the sale had been put into paying down Australia's debt, as many amongst the Abbott government's supporters called for, the foregone revenue would have exceeded the saving on debt payments. In this context, paying the debt down made no sense. It's the equivalent of flogging the silverware to pay for Tupperware.

It's time the government stopped trying to run the country like a private company

 

[RooFlyer]

Personally, rather than have the government run a business (and be the business owner as well as the regulator of the sector), take money from me, give it a few spins around the bureaucracy (with a clip of the ticket each spin), then give my share of what's left back to me in one way or another (maybe), I'd much rather cut out the middle man, have the business run well, and have it give to me my share of the profits directly. Then I'll put that cash into goods and services etc I want.

I get what the author of the linked piece is saying, but MediBank Priave is but one piece of the debt dilemma!!

 

[Warks]

Does it make any more sense than selling Qantas or the Commonwealth Bank? Genuine question, not sarcasm.

 

[RooFlyer]

It is a mainly philosophical view I think. How much do you want government competing with privately owned businesses?

Scale: ('business' is 100% government owned - guess what that's called!) through to (government should not be in business at all, but if so, only in a 'market failure').

 

[knasty]

The government still gets the taxes. Taxes + dividends is irrelevant.

 

[JohnK]

Silly mistake. No different to CBA, SYD airport, Qantas, Telstra etc.

 

[Major]

I see the shares are at $2.51 at the moment. A 25% increase is not bad in this short time

 

[cove]

Yes I saw that. It was a very big market day today with lots of green and almost no reds. Should have kept them (based on hindsight).

 

[Pushka]

Yes I saw that. It was a very big market day today with lots of green and almost no reds. Should have kept them (based on hindsight).

I would have sold mine too but I'm still trying to get them transferred into our NABtrade account. This time the reason is that there isn't a DC after the suburb of the post office. So the record still don't match up.

 

[cove]

I had that problem with Commsec so I used a broker and paid 0.5% brokerage instead of 0.1%.

 

[Cruiser Elite]

Cashed mine today @ $2.50 - as Major stated 25% return in a few weeks appealing - never intended holding them but still tiny parcel - I remember what one of the wisest gents I ever met once told me - 'Little fish are sweet - suck the bones but keep concentrating on the big rods'.

 

[whatmeworry]

Private health insurance premiums to rise by 6.18%, as government signs off on increase
Private health insurance premiums to rise by 6.18%, as government signs off on increase

 

[Pushka]

I would have sold mine too but I'm still trying to get them transferred into our NABtrade account. This time the reason is that there isn't a DC after the suburb of the post office. So the record still don't match up.

Sold them a couple of days ago when they finally appeared.

 

[Cossie]

Private health insurance premiums to rise by 6.18%, as government signs off on increase
Private health insurance premiums to rise by 6.18%, as government signs off on increase

Got an email a few days ago with an increase of roughly 13%, did the premiums of anyone else go up as much?