"National's acted impeccably in doing the wrong thing.
It's wrong by the Opposition's standards of public ownership and retaining dividends. But it's also wrong by its own standards, because the timing is wrong, the price won't be as high as it might be, it won't spark the stock exchange into life (it was already on a roll prior to the announcement yesterday), and the few assets left to be sold means the government is unlikely to reach the profit targets mentioned.
Oh, and it will soon be clear to everyone -- because it's not yet -- that "mum and dad" investors means KiwiSaver funds.
The trouble for National is that politically they've hitched themselves to this wagon regardless of water rights, Rio Tinto, market slumps and even the mismanagement of Solid Energy.
The sale plan is badly damaged and anyone in the private sector would be stepping back, looking at how five has become one or two, and reviewing the whole exercise. But this is one of the few policies on which National has decided to look decisive and brave. They've backed themselves into a corner and now will look weak -- and worst of all like bad economic managers - if they were to do the sensible thing and taihoa."
Tim Watkins @ Pundit has his say. I've cut and pasted the bit that suits me best :-)