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View Full Version : 8/12/2008 Last Word

Mark Gleeson
08-12-2008, 16:25
Word is Minister Dempsey is on trying to explain the ridiculous fare increase
Mark Gleeson
08-12-2008, 17:35
Next up
Mark Hennessy
08-12-2008, 19:38
What did he say?

Did he give any plausible explanations as to why there is a huge hole in the IE accounts that ordinary commuters have to make up?
Mark Gleeson
08-12-2008, 19:42
He admitted they looked for 20%

CIE hedged at $100

Dempsey went on and on about Dublin Bus, Matt let him off on his pitch and them pulled the carpet by saying nothing that he has used to justify the increase applied to Irish Rail
Mark Hennessy
08-12-2008, 19:55
He admitted they looked for 20%

CIE hedged at $100


Dont we have the youngest greenest train fleet in Europe?

http://www.irishrail.ie/news_centre/general_news.asp?action=view&news_id=246


First Trains of 183-Carriage InterCity Order Arrive by Corporate Communications

FIRST TRAINS OF €400 MILLION 183-CARRIAGE INTERCITY ORDER ARRIVE

New Intercity trains for every route on network

LARGEST EVER ORDER OF TRAINS FOR IRELAND

Greenest diesel fleet in Europe
Mark Gleeson
08-12-2008, 20:09
Not forgetting over 50% of passenger journeys are by electric
Colm Moore
10-12-2008, 17:03
CIE hedged at $100So, don't avail of the hedge.

Or does he mean they actually bought at $100?
Thomas Ralph
10-12-2008, 19:45
Hedge usually refers to a forward/futures agreement which is binding on both sides. As opposed to an option where you pay upfront but then don't have to take up the option.
dowlingm
15-12-2008, 04:32
In fairness, the financial press were pasting anyone who wasn't hedging in 2008 - a real damned if you do/don't. Air Canada "lost" a bundle when the oil price plummeted because they were also in at about $100, and I seem to remember some criticism of Ryanair's hedges as well. Most transport companies only hedge to a certain extent and buy at spot price for the rest.