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

Quote:

Originally Posted by Mark Gleeson

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/...ew&news_id=246

Quote:

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

Quote:

Originally Posted by Mark Gleeson

CIE hedged at $100

So, 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.

08-12-2008, 16:25	#1
Mark Gleeson Technical Officer Join Date: Dec 2005 Location: Coach C, Seat 33 Posts: 12,669	8/12/2008 Last Word Word is Minister Dempsey is on trying to explain the ridiculous fare increase __________________ Unhappy with new timetable - let us know

08-12-2008, 17:35	#2
Mark Gleeson Technical Officer Join Date: Dec 2005 Location: Coach C, Seat 33 Posts: 12,669	Next up __________________ Unhappy with new timetable - let us know

08-12-2008, 19:42	#4
Mark Gleeson Technical Officer Join Date: Dec 2005 Location: Coach C, Seat 33 Posts: 12,669	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 __________________ Unhappy with new timetable - let us know

08-12-2008, 20:09	#6
Mark Gleeson Technical Officer Join Date: Dec 2005 Location: Coach C, Seat 33 Posts: 12,669	Not forgetting over 50% of passenger journeys are by electric __________________ Unhappy with new timetable - let us know

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08-12-2008, 19:38	#3
Mark Hennessy Membership Officer Join Date: Dec 2005 Location: Maynooth Posts: 1,116	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?

10-12-2008, 19:45	#8
Thomas Ralph IT Officer Join Date: Sep 2007 Location: Greenwich, London Posts: 1,860	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.

15-12-2008, 04:32	#9
dowlingm Really Really Regluar Poster Join Date: Aug 2006 Location: Toronto, Canada Posts: 1,371	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.