Good on you for saying so - and for putting your principles...

Good on you for saying so - and for putting your principles above your immediate financial interests. I hope you can retain your share of ownership in APA for decades to come and that it rewards you well. Same applies to all current APA holders.

Funnily enough - it is exactly the long term potential and value of APA that attracts a takeover bid like we are now seeing. My position is I would prefer the asset to remain as a listed entity on the Australian sharemarket where it can be the subject of public scrutiny and be owned by a mix of domestic and international investors. We can even debate its performance and future potential here on Hot Copper.

The year after Swisse (as in vitamins) was sold from its private Australian owners to a Chinese company, the amount of Australian payroll tax paid in their annual report dropped dramatically from the previous year. It still retained most of the Australian employees yet paid a lot less Australian payroll tax - like 80% less. How they worked this I don't know. But that's an example of foreign ownership not being in Australia's interest.