Tuesday, August 29, 2006

Tales from the tranches

I didn't have the money to invest in Telstra shares when the telco was first carved up and bastardised but I wouldn't have bought any anyway. My thinking was that, as a taxpayer, I already owned it and it wasn't anyone's to sell. I still think that.

And, while my idealogical stance on things very rarely pays off, this time it did! The 'mum and dad investors' are the losers as they watch the value of their stock continue to wither. The genie's out of the bottle now and the big T is just another player in a crowded field so my initial outrage has been replaced by a resigned shrug.
I've never been a fan of privatisation for above reason. How are we compensated for the money that goes into a government instrumentality when the govt. of the day decides to flog it off? We're not. If they do feel there is some legitimate reason to sell then we should be offered 'free' shares by way of compensation.

II Down in the tranches

The one thing I will say, though, is that Telstra have among the best ads of anyone in the business. I assume that it is a private ad company that runs them. They have become all but iconic, with the phrase "Not happy, Jan!" reworked and reappearing in different contexts, and the one about the Scottish chap trying to get parts for his Goggomobil so memorable that another company ran ads substantially using the same idea.


At 7:29 am , Anonymous Anonymous said...

I think the 'Not happy,Jan' ad was actually for yellowpages because she'd forgotten to put the ad in. Good to see that you're not allowing yourslef to be brainwashed by these ads.

At 12:46 pm , Blogger Berko Wills said...

Yes it was. I guess Yellow Pages may be a different entity now but I always equate it and Sensis with Telstra.

Quite right. I can be amused by something without buying into it - though the opposite isn't quite true; a particularly annoying ad [i]might[/i] switch me off the product. Though I tend to go with inherent quality or value rather than worry about the ads they're running.


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