Top Five: reasons why people are now buying Telstra shares

February 15th, 2010

A good friend sent me this whilst we were having a discussion of Telstra shares and whats likely to happen to them.

Here are his Top 5 reasons why someone might go and buy Telstra shares right now:

1) Wanting to hedge against their lotto tickets

2) Compulsive masochistic disorder

3) Alzheimer’s onset

4) Clicked the wrong buttons on COMSEC website

5) Stupid enough to listen to their brokers suggestions without realising they’re double-dipping on the sales margins, once for buying in, then again when you wake up and SELL, SELL, SELL!

In the interests of transparency, both my friend and I must sadly declare that we own Telstra shares….

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Thoughts on the Ford FG XR6 Turbo

February 1st, 2010

Well it was time for a change, and after reading all about the Ford FG XR6 Turbo, I thought I should try one.

It may look quite similar – similar enough so the average person couldnt pick a difference visually – but make no mistakes about it – its not the same as the BA and BF series cars.

So I dropped my 6 litre V8 Holden SS-V back and picked up an FG XR6T in the first few months of 2009.

I have had time to drive it a fair bit around the city and on country roads.

I must admit its nice having that 2000rpm jack-rabbit acceleration back! You really miss it.

The pull is amazing. This is the first stock car I have had that, in the dry on a sticky road surface and with warm tyres, will squeal/start to spin the tyres when you take off slowly in 1st, then floor it at or just below 2000rpm or around 20kmh. Amaaaaazing how much torque it has. It’s not like the BA and BF XR6Ts were lacking – but this one is a big step up again. It’s a tyre shredder.

One of the cool benefits I have noticed is MUCH less power drain on hot days – the intercooler seems to be doing a very good job indeed. In my two BA’s it used to really annoy me when it was hot – now I don’t really notice much difference at all, even on 40 degree days. The 270kW/533Nm (362hp/393 pound-feet of torque) is just there all the time.

I ran my car in hard, as normal. Once the engine is up to temperature and I have done a few steady runs up to near redline, everything is fair game.

Oil consumption has been near zero from new. VERY different from the BA’s I owned. Both of them ran through oil quickly in the first few thousand kilometres as they ran in, before settling in to almost zero oil consumption. The FG has consumed half a litre in 10,000km. Compare this to around 1 litre per 1000km in the BAs I drove the same way. But note that the BA’s ceased consuming oil after 3-5000km and settled down to a similar low consumption rate once bedded in.

I have a couple of observations though, and these are some differences/similarities I have noted since the original BA: I was lucky enough to have an early one and have crowds standing around my car ooohing and ahhing at it at shopping centres when I came back to it – ahh, those were the days!

- The driveline is still very clunky. It REALLY should have been fixed by now. No such issue in the competing Holden which has a very sweet driveline with zero slack (but then, it doesn’t have to cope with the same low down torque either). But it does still annoy me. I expected 4 or so years later and one minor upgrade and one major upgrade later it would have been fixed! I imagine it may be related to the differential?

- The standard brakes work quite well. I haven’t had an issue with them. I would put them on par with the old BA series Premium Brake option.

- Axle tramp is still appalling – actually a fair bit worse due to the extra power. This must be a fundamental suspension design fault as I can’t see why else it would not have been resolved by now – how on earth do people with modded engines cope? I can experience it in the dry quite often, not just the wet. I can’t believe it’s still like that, if not worse. It sounds like someone is in the boot belting the side of the boot with a sledge hammer. People who don’t expect it wonder what on earth is going on. So do I.

- Fuel consumption is a lot better, despite the extra power. Kudos to Ford (or is it FPV?!). My consumption has dropped from 24.5L/100km of premium to 19-20 or so. Awesome stuff and great to see. People not familiar with the cars should understand if driven more normally the BA XR6T will use 14L/100km with a normal mix of driving by the “average” driver – and the FG even less. My figures should not be taken as the norm.

- Country (read: steady 100-120kmh travelling in 6th gear) has gone up slightly. My old XR6Ts (well then 2nd one with the 6 speed) used to do an amazing 7-7.1L/100km reliably. Just amazing for a quick car and demonstrating some clever gearing versus turbo kick-in level engineering. This one seems to do maybe 7.5-7.8 or so. Still very good compared to the competing Holden SS which is closer to 10-12L/100km at those speeds – although admittedly many people say a v8 needs 50-70,000km to really loosen up. It is possible my car will improve as its only at 10,000km, however my other cars had similar low kilometres.

- Wet weather traction – appalling! There is none if you are trying to do anything other than accelerate quite slowly (compared to what the vehicle can do…everything is relative!). Apply more than 25% throttle at 2000rpm and out she slips! Forget about traction control and stability control helping you – they can’t come close to catching it if you are driving hard. This is not a car to make available to an inexperienced and over-eager driver – most especially when it is wet. You are just asking for trouble.

Novice drivers need to be very careful indeed. My SS-V got me lazy – often I could floor it all the way through 1st and 2nd in the wet and it would just hook up and take off. I’m pretty confident if I was “racing myself” in the wet in my old SS-V versus my FG XR6T, I would win in my SS-V simply as I could put the power down.

I must say though, I do miss the sound of the v8. Yes, I love the power of the XR6T, especially down low, but the predictability, power down, quick response and sound of the 6 litre was very good! It’s hard to take the sound of the XR6T engine seriously compared to the big V8 which I must admit grew on me a lot. It just sounded so serious. The FG is closer to a Dyson vacuum on steroids. Not to be taken lightly as it does its job very well, but it still sounds like a vacuum cleaner!

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Why wasn’t Tiger fair game?

December 12th, 2009

Tiger-Woods

We have heard stories of at least one instance where a newspaper or similar found out about Tiger Woods having affairs, and traded it for an exclusive or cover story in place of publishing about the affair.

Well itnNbits has it on good authority that a whole multitude of journalists around the world knew all about many indiscretions involving Tiger for quite some time – likely years. Apparently, by unofficial pact, journalists around the globe had agreed not to make it public.

Those in the know apparently decided that Tiger was doing good overall, and a positive influence. As such, he wasn’t going to be torn down by a journalist trying to make themselves famous by publishing the big secret story.

That was until the National Enquirer broke the news, and lo and behold, Tiger became fair game.

Now it’s moved on to herds of women, Ambien-fueled sex romps and who knows what is to come? The speed at which information has come to life has been very fast – quite possibly because lots of journalists had photos and information already, and all they had to do was dig up past information they had kept.

So readers, here is a question for you: do you think it right that journalists – whose primary role is to report (hopefully in a not-too biased manner) – should actively agree to withhold something that most would consider highly news-worthy?

You can argue that it is his private life (and it sure is…or at least was), but it’s clear from the amount of coverage, coffee shop conversations and TV coverage that the public deems the story news-worthy.

So what else are the journalists choosing to hide from us?

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Telstra excluded from Australian Next Gen Broadband RFP

December 15th, 2008

The Commonwealth Government of Australia has excluded Telstra from the National Broadband Network (NBN) request for proposals process.

Based on a technicality: the failure to provide a plan to engage small to medium enterprises in Australia to help carry out the work, the Government has excluded Telstra from the process.

This is the next step in ongoing battles between the Government and Telstra senior execs who are well versed in playing hardball.

itsNbits expects this to be a short term issue designed to try to pull Telstra into line. Its unlikely a decent NBN can be made without Telstra playing a key role due to the size and complexity of the work required.

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Myki – how an attempted world first has cost Victorians over $1B

July 28th, 2008

Myki

Running late. Massive cost overruns.

And never an answer as to why.

Sensible people asked why Victoria didn’t simply implement a proven system similar to London’s Oyster Card or Hong Kong’s Octopus card. Both are far cheaper, off-the-shelf and proven solutions that cater to volumes far in excess of what Victoria has in the foreseeable future – and do so at an much cheaper price.

Well now itsNbits has an exclusive insight: Victoria’s State Government is attempting to roll out a world-first technology, and is so desperate to success that cost and time are somewhat secondary considerations.

The planned system will enable public transport users to travel on trains, trams and buses without the need to swipe their Myki card. The card can stay in the user’s wallet or handbag, and the card readers will still be able to read the cards. All the user has to do is walk between or near the reading devices.

No need to fumble in your wallet to find the card. No pulling out cards and holding them near card readers.

Simply walk on through, and, in what is alleged to be a world first, the system will locate and identify your card, and bill you appropriately using the cheapest applicable fare. God knows where else they might stick readers to unknowingly track people, just like the silent (no beep) channel on E-tags used to track cars at various points around Melbourne they also tend to forget to tell us about.

At least some Mykis will offer an anonymous purchase option.

And that attempt to roll out a world first, ladies and gentlemen, is the key to the reason why there seems to be an insane cost-and-time-is-no-option logic being applied by the Victorian State Government. They have gone so far and it’s cost so much, that its likely they desperately need the glory of a world first to justify it all. And if they fail, then they pretty much have to admit that they spent an unnecessary fortune on a system equal to or potentially worse than any other similar system in the world.

Personally, I’d rather we get a $1B refund to the state coffers, spend $100M or so on a proven solution, and in return simply have to hold our Oyster card near a reading device. We could have done that several years ago. On time. On budget.

Instead they have wasted hundreds of millions of state money, have a solution that’s potentially still a fair way off before full and successful implementation, is likely to have significantly higher upkeep costs due to it being so heavily customised, and all so there are some bragging rights about not having to take your card out of your pocket.

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Darth Vader tries to take over World Youth Day

July 18th, 2008

World Youth Day – Sydney, Australia. 18 July 2008

In this shocking photo (see below), the Dark Lord himself can be seen, undertaking his secret campaign to dominate World Youth Day.

It is not known if the Pope and Darth Vader threw down and whipped out their light sabers to battle for the forces of good and evil.

The Pope has not yet answered our prayers asking for an explanation.

More news as it comes to hand.

Darth Vader seen at World Youth Day

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itsNbits Google Lively Room now open!

July 9th, 2008

Check it out!

A small download of software from Google is needed, but it takes only a minute.

You can log in with your existing Gmail/Google login information.

Why not drop on in and remodel the room a bit for me while you learn how to add and move things?

To kick it off, simply click on “Click to enter room” at the bottom of the image below!

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Ford FG Pricing

March 28th, 2008

Well, thanks to (somewhat ironically) our favourite Holden forums, some pricing for the new Ford FG series including XR6 Turbo, XR8, G6E, G6E Turbos and XT is now available.
Pricing for some options can also be found below, although it does not appear to be the full options list.

FG XR8

FG Sedans
XT five-speed auto $36,490
G6 five-speed auto $39,990
G6E six-speed auto $46,990
G6E Turbo six-speed auto $54,990
XR6 six-speed manual $39,990
XR6 five-speed auto $39,990
XR6 Turbo six-speed manual $45,490
XR6 Turbo six-speed auto $46,990
XR8 six-speed manual $45,490
XR8 six-speed auto $46,990

FG Commercials
Falcon Ute Cab Chassis six-speed manual $27,795
Falcon Ute Styleside Box six-speed manual $28,195
R6 Cab Chassis six-speed manual $29,795
R6 Styleside Box six-speed manual $30,195
XR6 Cab Chassis six-speed manual $34,090
XR6 Styleside Box six-speed manual $34,490
XR6 Turbo Styleside Box six-speed manual $38,490
XR8 Styleside Box six-speed manual $38,490

BF III Wagon
BF Falcon Wagon MkIII $37,720

Options (sedans)
ZF six-speed auto $1500
E-Gas (with four-speed auto) $1400
16-inch alloy wheels (XT) $500
17-inch alloy wheels (XT) $1000
18-inch alloy wheels: G6 & G6E / XR6 $1000
19-inch alloy wheels: G6 & G6E / XR6 $2400
19-inch alloy wheels: G6ET / XR6T & XR8 $2000
Full size steel spare wheel $100
Full size alloy spare wheel $250
Reverse sensing system $500
Reverse camera $500
Curtain & side thorax airbags $300
Leather seat trim $2100
Premium sound $1100
Satellite navigation $2000
Prestige paint $400
Tow pack (1600kg) $495
Technology Pack $450
Safety Pack $600
XR Luxury Pack: XR6 $5400
XR Luxury Pack: XR6T & XR8 $5000

Options (Commercials)
Automatic trans. in lieu of manual $1000
E-Gas (with four-speed auto) $2400
16-inch one-tonne alloy wheels $1000
17-inch alloy wheels $1000
19-inch alloy wheels $2400
Automatic climate control $2295
Traction control $750
Leather seat trim $1100
Prestige sound $700
Satellite navigation $2000
Prestige paint $400
one-tonne suspension $495
Tow pack (1600kg) $495
Tonneau cover (Styleside Box) $270
Aluminium tray (Cab Chassis) $1460
Technology Pack $450
Safety Pack $600
XR Sports Pack $1000
XR Luxury Pack $4000

Options (wagon)
E-Gas (with four-speed auto) $1400
16-inch alloy wheels $500
Heavy duty suspension $350
Full size alloy spare wheel $250
Side head/thorax airbags $300
Prestige sound $700
Rear power windows $470
Cargo blind $150
Prestige paint $400
Tow pack (1600kg) $495

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