Comment history

DonAnthony says...

Excellent move, long overdue. What a wonderful legacy this will be for the prime minister.

On Minnis overturns citizenship vote

Posted 3 November 2017, 1:24 p.m. Suggest removal

DonAnthony says...

The evidence proves the former PLP administration was corrupt to its core, and now with the former DPM as leader of the PLP they call that change. The PLP should have voted in new leadership, until they do it is hard to see the PLP returning to governance, you can not appoint the Fox to oversee the hen house and not expect the hens to be eaten.

On $800K deal days before election

Posted 3 November 2017, 12:11 p.m. Suggest removal

DonAnthony says...

Emera is trying to strong arm Bahamian shareholders and force us to sell our shares for far less than they are worth. Since the completion of the new power generating plant in 2012 Emera has paid a bare minimum of dividends all the while using profits to pay down debt. Now that it has years worth of equity ( paid for in reduced dividends to Bahamian shareholders) they want to buy out shareholders on the cheap. A regular dividend is due now but they want to even avoid paying that by buying out shareholders. This is very unfair.

We know emera has a stated dividend payout policy of 73% of net income. We also know the regulated profit of ICD is 8.5 million or .85 per share. Therefore ICD should be paying an annual dividend of .62 per share ( .85 x 73%), rather than the .14 we have been receiving all these years. Stock prices typically increase until the dividend rate is driven down to 4%, this equates to a share price of $15.50 per share. This is what each share of ICD is really worth. The government should defend the rights of Bahamian minority share holders unless the buyout price increases to at least $15 per share. Otherwise Emera is simply trying to hoodwink shareholders and steal these shares on the cheap.

DonAnthony says...

As a Bahamian shareholder in ICD I hope Mr. Smith is successful in his legal challenge. Emera has not consulted minority shareholders in anyway and I feel I am being forced to sell my shares at a price that significantly undervalues what they are really worth. Which is incidentally why Emera has proposed this deal. These shares are worth at least $12-$15 per share based on future earnings.

In the similar Barbadian experience where Emera bought out minority shareholders in the local power company they paid a significantly higher premium for the outstanding shares. Indeed the original buyout offer was $25.70 Barbadian dollars for shares which at the time were listed on the stock exchange at $12 per share, a premium of 114%. Later this offer was increased to $33 Barbadian after pushback from the Barbadian govt regulators, so why should Bahamian shareholders settle for just a 33% premium.

Emera needs to treat minority shareholders fairly and regulators should demand that their buyout offer be increased significantly.

On Smith aims to block power sale

Posted 23 October 2017, 1:29 p.m. Suggest removal

DonAnthony says...

Yes, the party needs to change, and no Mr. Davis you are not change - you are the embodiment of the corrupt, crony PLP, move aside for real change.

On Davis vows: I’ll cut off heads to save party

Posted 10 October 2017, 11:17 a.m. Suggest removal

DonAnthony says...

Where to begin? Who cares if he cried, matters not one bit, what is he doing?, that is what matters. And I support this effort 100%. We have wonderful attributes as a people but we have some nasty, disgusting traits as well. Too much of our people are selfish hypocrites who love to play the victim and blame “foreigners “ for our own failings. And to say we are a Christian nation, what a laughable joke.

I have lived abroad for the last several months and have not locked my front door once, several nights the kids left the door wide open no problem. Try that in Nassau there is a good chance you will not live to see the dawn, and all these thugs are not Haitians, truth is most are Bahamians who have been reared and inculcated in the same nasty traits I mentioned. They are us, look in the mirror honestly and see the violent people we have become.

What if this eye had passed over Nassau instead of Dominica? These same selfish people would be begging on their knees for international help. It could have easily happened, just a slight shift in the high pressure system. It was not this year but our day is coming, if we do not help in this small way, who will help us?

On UPDATED: Tearful PM defies Dominica critics

Posted 28 September 2017, 11:55 a.m. Suggest removal

DonAnthony says...

The former and current leader of the PLP are pathetic. It is no wonder we are in the moral and economic mess we find ourselves, have these people no shame. The PLP needs completely new blood, brave Davis is no break from the corrupt legacy of this once honorable party.

It appears Mr. Christie is a voracious consumer of water, or has never paid a water and sewerage bill in his life. My bill from water and sewerage is $30 per quarter or $120 per year, so at this rate Christie has 166 years worth of unpaid bills, unbelievable.

The financial disclosure law to run for office should be amended to include public corporation bills, if any bill is more than $500 you can not run.

On Christie & Davis: $46k water debt

Posted 25 September 2017, 12:24 p.m. Suggest removal

DonAnthony says...

Absolutely wonderful, made my day to know that in a meaningful way we can help our neighbors. But for a slight deviation in the hurricane’s path we could have been the ones in need, we should never forget that.

On Minnis opens door to Dominica's students

Posted 25 September 2017, 9:49 a.m. Suggest removal

DonAnthony says...

This problem of lesser developed islands being left bereft of a bank can be solved in short order. We simply need regulators who put the public good above a bank's profitability. There are eight commercial banks in the Bahamas, simply pass regulation making it a condition of each bank's license that they must have a branch in one of the designated lesser developed islands. These could be determined by the central bank and would ensure that at least 8 of them would have access to the necessary banking facilities. Commonwealth Bank and fidelity bank are at record levels of profitability, all banks as good corporate citizens should welcome this opportunity to serve the public good.

On Bimini bank crisis crippling trade

Posted 8 August 2017, 2:16 p.m. Suggest removal

DonAnthony says...

Can we now just say " protocol having been established" ( that the PLP were crooked, incompetent and raped taxpayers through cronyism )? And move now to name names and most importantly what concrete steps are now being taken to prosecute these bastards, cancel these fraudulent contracts, and measures to prevent this occurring again.

On Tenant ‘owed airport’ $3m

Posted 16 June 2017, 12:06 p.m. Suggest removal