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Kia Ora Redditors, I have gone through and analysed wide economic Moat companies listed on NZX. Hope the below helps to narrow down your choices in your investment journey.
Wide Moat, what is that ? Before starting this blog post please read this wide moat businesses explanation here Okay, now that we are up to speed, before you invest in any wide moat company you need to ensure financials of the business are solid as well, I’ll cover the topic of How to understand the financials of the business in the upcoming blogs so subscribe (here) to know when the blog is out. Let’s see if we can spot any wide moat business listed on NZX.
Auckland International Airport Limited (NZE: AIA)
Auckland International airport holds a virtual monopoly as the largest airport in NZ and processes the most number of passengers. This is located in the largest city in NZ as well, making it an ideal destination for travelers, With travelers expected to increase in the coming decades, you can clearly see the wide moat around this business.
WILL THE MOAT SHRINK IN THE NEAR FUTURE ?
The likely hood of the moat shrinking is very low since construction of another international airport in Auckland is highly unlikely. Thing to look out for is debt, since airport need vast amounts of money for up keep and improvements( ex: loss of unnecessary capital due to project over runs and delays). Read a more in depth analysis on Auckland International Airport here
Chorus Limited (NS) - (NZE: CNU)
Chorus manages and builds telecommunications infrastructure in NZ, for ex: when ever you sign up for fiber broadband plan with your ISP, Chorus is contracted to install the connections to your house. As copper cables are replaced by fiber optic cables around NZ, the cost of maintaining these new infrastructure grids are less than before.( Fiber vs Copper wiring: cost of copper and fiber optic cables are stronger requiring less maintenance).
WILL THE MOAT SHRINK IN THE NEAR FUTURE ?
I don’t think the moat will shrink in the near future as setting up a telecom infrastructure company with years of know how is quite difficult, the only way I can see this moat shrinking is if international companies what a piece of NZ infrastructure, but I don’t think the government would allow key infrastructure projects to be outsourced.
NZME Limited (NZE: NZM)
NZME is a New Zealand media company which owns brands such as:
NZ herald
Newstalk ZB
ZM
The Hits
Grab one etc…..
The moat exists but it is a very small one, this moat would have been huge during the hay day of print newspaper readership. So what has happened here ? Internet…. Print newspaper is virtually dead, newspapers all around the world are struggling to make money as subscribers dwindle. Due to the drop in readership, less and less ads are placed in the newspaper hence lower revenue. All the eye balls have moved to “ Social Media”, that’s where the ads are now a days. The only saving light I can see is Grab One, the popular coupon site in NZ. I do believe this will provide a strong source of revenue to the company but I am not sure if this can offset the losses in the other divisions.
The New Zealand Refining Company Limited (NZE: NZR)
Refining NZ is New Zealand’s only oil refinery and the leading supplier of refined petroleum products to the New Zealand market, including petrol, diesel, aviation fuel and other products As a critical piece of national energy infrastructure, Refining NZ is responsible for supplying:
around 85% country’s jet fuel
around 67% of diesel
around 58% of all petrol
between 75 and 85% of bitumen for roading
all fuel oil for ships
sulphur for farm fertilizer
CO2 for the carbonated drinks industry
Moat exists because this is the only oil refinery in New Zealand, It also suppliers around 85% of NZ’s aviation fuel. I believe the number of travelers to New Zealand will only increase, Provide refining NZ a solid moat, however as electric cars are bound to make in roads in New Zealand, the demand for petrol and diesel will gradually decrease. So we need to keep an eye out on the financial performance on an annual basis to make sure the business can still maintain the moat.
Port of Tauranga Limited (NS) (NZE: POT)
The Port of Tauranga Located Tauranga (about 200 km away from Auckland) is the largest port in New Zealand in terms of total cargo volume, and the second largest in terms of container throughput. Total exports: 📷 Total Exports from POT As you can see the number of tonnes being exported from port of Tauranga is increasing. Total imports: 📷 Total Imports from POT As you can see the number of tonnes being imported from port of Tauranga is increasing as well. I see this trend continuing as the demand for NZ products especially in emerging markets increases and demand for imports increases as NZ population continues to grow. So the Moat around POT should be in tact for many years to come.
Restaurant Brands New Zealand Limited (NZE: RBD)
Restaurant Brands operates the New Zealand franchises for KFC, Pizza Hut and Carl's Jr. It also operate a KFC franchise in New South Wales, Australia and Taco Bell and Pizza Hut franchise in Hawaii, Guam and Saipan. As of October 2018, Restaurant Brands has 261 stores: 94 KFC New Zealand, 61 KFC Australia 29 Pizza Hut New Zealand, 18 Carl's Jr., 36 Taco Bell Hawaii and 45 Pizza Hut Hawaii stores. It employs nearly 8,000 staff across New Zealand, Australia and Hawaii and serves 120,000 customers worldwide every day. Since RBD operates the NZ franchises for KFC, Pizza Hut and Carl’s Jr and if you wanted to be a franchisee in NZ then you would have to go through them , this gives RBD an economic moat. Will the moat shrink in the near future ? I think the moat will certainly shrink, this is due to the fact that many people are moving away from processed foods to more organic and more healthier options, this will cause sales in fast foods such as KFC, Pizza hut etc to shrink, which in turn means less new franchises opening up. There might even be closures around the corner. So I see the moat being broken pretty soon in the years to come.
SKYCITY Entertainment Group Limited (NS) (NZE: SKC)
SKYCITY Entertainment Group Limited is New Zealand’s largest tourism, leisure and entertainment company. It is one of three major publicly listed casino operators in Australasia. It has entertainment complexes in:
Auckland
Hamilton
Queenstown
Adelaide
Darwin
SkyCity also owns one of Auckland’s best know attractions “Sky Tower”. Although the revenue generated from sky tower to the overall business is small, it is still a jewel in the sky city crown. Will the moat shrink in the near future ? Considering SKC is New Zealand’s largest tourism, leisure and entertainment company, it has all the basis covered for tourists that enter into NZ. It also has large convention centers where numerous conferences are held, I don’t see the moat shrinking any time soon. As they in casino lingo “ House always wins”.
South Port New Zealand Limited (NS) ( NZE: SPN)
SPN is the southern most commercial port in NZ located at Bluff. It is situated in the highly productive province of Southland which is responsible for producing a sizeable proportion of New Zealand’s total exports by value. The region’s major exporters are all situated within 80km of the port. All the moat characteristics explained for Port of Tauranga (POT) exist here as well.
Trade Me Group Limited (NZE: TME)
Trade me is the largest internet auction website in NZ. It has Trade me property, motors, jobs etc. Trade me had held a monopoly on internet auctions for quite some time in NZ, but it’s moat has been slowly eroding away, how ? Trade me jobs is competing against Seek, LinkedIn Trade me property is competing against realestate.co.nz, oneroof etc. Trade me market place is competing against Facebook marketplace. Looking at all the competitions trade me is facing it seems quite difficult to hold down the moat in the future.
Vector Limited (NZE: VCT)
Vector is New Zealand's largest distributor of electricity and gas, owning and operating networks which span the Auckland region.This distribution system gives Vector an economic moat. Vector has been involved in electrification projects - charging stations for electric cars, which I think is great for future growth. As number of electric cars increase, there will definitely be a need for more and more charging stations which vector can deliver. The moat seems to be very much intact.
Kia Ora Redditors, I have gone through and analysed wide economic Moat companies listed on NZX. Hope the below helps to narrow down your choices in your investment journey.
Wide Moat, what is that ? Before starting this blog post please read this wide moat businesses explanation here Okay, now that we are up to speed, before you invest in any wide moat company you need to ensure financials of the business are solid as well, I’ll cover the topic of How to understand the financials of the business in the upcoming blogs so subscribe (here) to know when the blog is out. Let’s see if we can spot any wide moat business listed on NZX.
Auckland International Airport Limited (NZE: AIA)
Auckland International airport holds a virtual monopoly as the largest airport in NZ and processes the most number of passengers. This is located in the largest city in NZ as well, making it an ideal destination for travelers, With travelers expected to increase in the coming decades, you can clearly see the wide moat around this business.
WILL THE MOAT SHRINK IN THE NEAR FUTURE ?
The likely hood of the moat shrinking is very low since construction of another international airport in Auckland is highly unlikely. Thing to look out for is debt, since airport need vast amounts of money for up keep and improvements( ex: loss of unnecessary capital due to project over runs and delays). Read a more in depth analysis on Auckland International Airport here
Chorus Limited (NS) - (NZE: CNU)
Chorus manages and builds telecommunications infrastructure in NZ, for ex: when ever you sign up for fiber broadband plan with your ISP, Chorus is contracted to install the connections to your house. As copper cables are replaced by fiber optic cables around NZ, the cost of maintaining these new infrastructure grids are less than before.( Fiber vs Copper wiring: cost of copper and fiber optic cables are stronger requiring less maintenance).
WILL THE MOAT SHRINK IN THE NEAR FUTURE ?
I don’t think the moat will shrink in the near future as setting up a telecom infrastructure company with years of know how is quite difficult, the only way I can see this moat shrinking is if international companies what a piece of NZ infrastructure, but I don’t think the government would allow key infrastructure projects to be outsourced.
NZME Limited (NZE: NZM)
NZME is a New Zealand media company which owns brands such as:
NZ herald
Newstalk ZB
ZM
The Hits
Grab one etc…..
The moat exists but it is a very small one, this moat would have been huge during the hay day of print newspaper readership. So what has happened here ? Internet…. Print newspaper is virtually dead, newspapers all around the world are struggling to make money as subscribers dwindle. Due to the drop in readership, less and less ads are placed in the newspaper hence lower revenue. All the eye balls have moved to “ Social Media”, that’s where the ads are now a days. The only saving light I can see is Grab One, the popular coupon site in NZ. I do believe this will provide a strong source of revenue to the company but I am not sure if this can offset the losses in the other divisions.
The New Zealand Refining Company Limited (NZE: NZR)
Refining NZ is New Zealand’s only oil refinery and the leading supplier of refined petroleum products to the New Zealand market, including petrol, diesel, aviation fuel and other products As a critical piece of national energy infrastructure, Refining NZ is responsible for supplying:
around 85% country’s jet fuel
around 67% of diesel
around 58% of all petrol
between 75 and 85% of bitumen for roading
all fuel oil for ships
sulphur for farm fertilizer
CO2 for the carbonated drinks industry
Moat exists because this is the only oil refinery in New Zealand, It also suppliers around 85% of NZ’s aviation fuel. I believe the number of travelers to New Zealand will only increase, Provide refining NZ a solid moat, however as electric cars are bound to make in roads in New Zealand, the demand for petrol and diesel will gradually decrease. So we need to keep an eye out on the financial performance on an annual basis to make sure the business can still maintain the moat.
Port of Tauranga Limited (NS) (NZE: POT)
The Port of Tauranga Located Tauranga (about 200 km away from Auckland) is the largest port in New Zealand in terms of total cargo volume, and the second largest in terms of container throughput. Total exports: 📷 Total Exports from POT As you can see the number of tonnes being exported from port of Tauranga is increasing. Total imports: 📷 Total Imports from POT As you can see the number of tonnes being imported from port of Tauranga is increasing as well. I see this trend continuing as the demand for NZ products especially in emerging markets increases and demand for imports increases as NZ population continues to grow. So the Moat around POT should be in tact for many years to come.
Restaurant Brands New Zealand Limited (NZE: RBD)
Restaurant Brands operates the New Zealand franchises for KFC, Pizza Hut and Carl's Jr. It also operate a KFC franchise in New South Wales, Australia and Taco Bell and Pizza Hut franchise in Hawaii, Guam and Saipan. As of October 2018, Restaurant Brands has 261 stores: 94 KFC New Zealand, 61 KFC Australia 29 Pizza Hut New Zealand, 18 Carl's Jr., 36 Taco Bell Hawaii and 45 Pizza Hut Hawaii stores. It employs nearly 8,000 staff across New Zealand, Australia and Hawaii and serves 120,000 customers worldwide every day. Since RBD operates the NZ franchises for KFC, Pizza Hut and Carl’s Jr and if you wanted to be a franchisee in NZ then you would have to go through them , this gives RBD an economic moat. Will the moat shrink in the near future ? I think the moat will certainly shrink, this is due to the fact that many people are moving away from processed foods to more organic and more healthier options, this will cause sales in fast foods such as KFC, Pizza hut etc to shrink, which in turn means less new franchises opening up. There might even be closures around the corner. So I see the moat being broken pretty soon in the years to come.
SKYCITY Entertainment Group Limited (NS) (NZE: SKC)
SKYCITY Entertainment Group Limited is New Zealand’s largest tourism, leisure and entertainment company. It is one of three major publicly listed casino operators in Australasia. It has entertainment complexes in:
Auckland
Hamilton
Queenstown
Adelaide
Darwin
SkyCity also owns one of Auckland’s best know attractions “Sky Tower”. Although the revenue generated from sky tower to the overall business is small, it is still a jewel in the sky city crown. Will the moat shrink in the near future ? Considering SKC is New Zealand’s largest tourism, leisure and entertainment company, it has all the basis covered for tourists that enter into NZ. It also has large convention centers where numerous conferences are held, I don’t see the moat shrinking any time soon. As they in casino lingo “ House always wins”.
South Port New Zealand Limited (NS) ( NZE: SPN)
SPN is the southern most commercial port in NZ located at Bluff. It is situated in the highly productive province of Southland which is responsible for producing a sizeable proportion of New Zealand’s total exports by value. The region’s major exporters are all situated within 80km of the port. All the moat characteristics explained for Port of Tauranga (POT) exist here as well.
Trade Me Group Limited (NZE: TME)
Trade me is the largest internet auction website in NZ. It has Trade me property, motors, jobs etc. Trade me had held a monopoly on internet auctions for quite some time in NZ, but it’s moat has been slowly eroding away, how ? Trade me jobs is competing against Seek, LinkedIn Trade me property is competing against realestate.co.nz, oneroof etc. Trade me market place is competing against Facebook marketplace. Looking at all the competitions trade me is facing it seems quite difficult to hold down the moat in the future.
Vector Limited (NZE: VCT)
Vector is New Zealand's largest distributor of electricity and gas, owning and operating networks which span the Auckland region.This distribution system gives Vector an economic moat. Vector has been involved in electrification projects - charging stations for electric cars, which I think is great for future growth. As number of electric cars increase, there will definitely be a need for more and more charging stations which vector can deliver. The moat seems to be very much intact.
Backstory - I'm a US expat and travel hacker living in Sydney with my wife. We've been here for 6 months and seen a lot of the same questions about the area get posted almost daily. I'll do my best to concisely run through a number of topics here, whether it be about getting here or what to do, in the hopes this makes future questions a little more tactical.
NOTE: PLEASE PROVIDE FEEDBACK IF YOU WANT TO CONTRIBUTE!
Update 1 - Added booking windows and intra-region travel info.
Getting Here
Cash
Great deals to be had lately in economy. Prices have consistently dropped $800 or so from mainland USA on full service carriers. These sales are pretty frequent. If you have Chase Sapphire Reserve card a $800 cash ticket is just over 53,000 Ultimate Rewards points with FULL points earn on the ticket itself. That's a great deal if you don't care about sitting up front. Business class is significantly more expensive. This is one of the most sought after premium class routes on the planet and with that prices tend to stay high and award availability low.
From the East Coast of the US
I highly recommend AA to DFW and Qantas DFW-SYD. The route is served by a comfortable A380 (good economy, dated 2-2-2 J though) and loads are typically intentionally kept low heading East to maximize cargo capacity. That means you can realistically expect a empty middle seat if you plan well. On the eastbound side it's still possible but less likely. Also, if you fly on low days you may score an upgrade for $1,000 - $1,200 USD per person, per way, via Qantas' bid for upgrade program. Really the major benefit here is connections going further into the US - minimizing travel time on either side of that long leg is incredibly more valuable and comfortable.
From the West Coast of the US
Any carrier works here, chose based on your preference. Every domestic carrier serves the route (UA/AA/DL) and most are newer aircraft (sans Delta's aging 777s). You can also find good deals via Fiji as well as via Auckland on Air New Zealand. I personally don't like breaking up the trip any more than necessary so I don't like those options.
Points
Oh boy, this is a good one. Generally the rule of thumb is simply this, PLAN AHEAD IF YOU WANT TO FLY UP FRONT! The only exception to this is Virgin Australia who sometimes releases J space < 2 weeks of travel. That's absolutely rolling the dice though. Economy wise you can typically find space on at least one carrier so that's less of a topic, and as above, with cash prices being so low it can often be less worthwhile to book the award itself. Up front you really have a few options. US Carriers
Carrier
Booking Window
Comments
United
338
Good J hard product, meh soft product. Awards open up here and there but typically it's very limited to last minute redemption. Price-wise, they're not the cheapest, but not the most expensive.
AA
331
probably the best hard produce from the group. Same meh soft product (they're US carriers after all). Pricing is also okay, but availability is next to none.
Delta
331
bad products, hard and soft. The seats are old, the service is older. Price is highest BUT you will often find saver-level seats on Virgin Australia (a partner) < 2 weeks out.
Australian Carriers
Carrier
Booking Window
Comments
Qantas
353
meh J product (2-2-2). Good/Great F. Service is also good, very polished. Availability in spurts, but okay price via AA.
Virgin Australia
330
best seat (the Business) and I'm a sucker for a bird with a bar. Conversely, terrible availability unless you're looking within 2 weeks or right at the window.
Asian Carriers (generally better availability)
Carrier
Booking Window
Comments
Korean
360?
my personal favorite. Great airline, great US service, and a transfer partner of Chase. And most importantly, they tend to be quite generous with their availability.
Cathay
360
old favorite in the points world. Not the cheapest option but if you have the points then you'll often find availability through HKG when you book at the window. Great seat, classic service, and AMAZING lounges in HKG.
JAL
330
like ANA, in light of recently US carrier devaluations these guys have become a viable option through Tokyo. Some recommend their 777 SkySuite as the best J product out there.
SQ
355
Suites are always a favorite but lately it's pretty impossible to not pull your hair out before actually confirming that route. J availability tends to show up here and there. Recently devauled though so use tool to find best option based on points available.
ANA
356
mentioned in JAL topic, just a solid all around option if you have the points.
Award Tools Look, I know a lot of carriers were mentioned above and you're probably going well, that's all great, but how do I ultimately choose one given the fact that I have a trip 1+ year out and a few options? That's where the below sites come in handy. They will tell decipher award charts and help you distill down the airlines that you can realistically fly given the points that you have.
Staying in the South/South East (SYD/BNE/MEL/PEetc.) - Avios, Avios, Avios! SYD-MEL, for example, is 4,500 Avios one way on Qantas. This is an amazing sweet spot.
Cross Country Travel - This is tough. Economy prices aren't terribly high, but the business class product on these flights is top notch. Virgin flies "The Business" A330 and Qantas flies an equivalent A330 through the continent and they really cater to those premium travelers. I still haven't come up with the best way of doing this with points though local frequent flyers swear by the points upgrade to get up front.
Across the Ditch (To/From NZ) - My recommendation is Air New Zealand. I recently booked this and spent 25k Krisflyer (Singapore) for a RT flight on Air New Zealand. I definitely consider that tremendous value, though discount carriers operate these routes and you can find deals (I would consider $300 round trip in economy to be a good deal).
Sydney-Specific
Rule of thumb, if you have 5+ days in the region than I suggest going outside of Sydney. It's a cool city, but there is SO much more to see. Scroll down for details, but while in Sydney here are a few suggestions:
Taronga Zoo – One of my favourites. A great place to see all the local animals that the US doesn’t have. This is a FANTASTIC first day activity and will help you fight jet lag!
Bondi to Cogee Walk – A beautiful self-guided walk down the coast. It’s just a walking path but it's a must do.
Harbour Bridge Climb – Climb atop Sydney’s most famous bridge to see the city like nowhere else. Younger people love it, older people tend to avoid it. I haven't done it and don't plan to.
Sydney Opera House – The most famous landmark in Sydney. We could see a show or just do a tour. Up to you.
Manly Ferry/Beach – Manly beach is amazing and the surrounding area is filled with bars and restaurants. This would take up the majority of a day. The ferry there and back is a mini sightseeing tour in and of itself.
Sydney Bus Tours - Highly recommended as it takes you all over the city and even out to Bondi. Hop on/Hop off style so you can wander if you like a stop.
Sydney Boat Tours – Just like the bus tours, the boat tours allow you to get off at stops and explore. A great way to maneuver around the water and hit the main points of interest. Could be a good way to see Manly, too. Do NOT do a dinner cruise, the food is bad and it's just a waste of time.
The Rocks – Located right in the harbour, the Rocks is an area with numerous restaurants, a famous market and Australia’s oldest pubs.
Darling Harbour – Like the Rocks, DH is another touristy area on the water that has a ton of restaurants and bars. Also has a Ferris wheel, an enormous fish market with tons of fresh seafood, and a casino.
Sydney Seaplanes – Name says it all. I absolutely LOVED the "Sydney Secrets" tour.
Featherdale Wildlife Park – Never been here but it comes highly recommended. Basically it is an animal park where all of the animals are loose and you can interact with them. All of the Australian animals will be there. It is a little bit of a drive but definitely doable.
Blue Mountains – A national park that has a bunch of beautiful views and is much different from the water you get all around the city. They have a similar bus tour to all the attractions which lets you hop on/off at will. A train will take us directly up there if you’d like to go.
Hunter Valley – Australia is known for its wine and HV is the closest region to the city.
Places to Stay
Park Hyatt Syndey - go to place for best of the best stays. On Cirqular Quay with views of Opera House.
Westin Sydney - downtown, good location (10 min walk from quay), nice hotel.
Hilton Sydney - downtown, same as Westin.
Intercontinental Double Bay - ritzy area of town, looks to be a nice hotel. I live nearby so I'm biased - it's a good spot but out of the hustle and bustle.
Marriott - also downtown, 5 min from quay. Lobby recently redone, rooms are supposedly very nice, too.
Four Points Sydney - closer to Chinatown but still downtown. 20 min qay to quay. I've heard it's nice.
There are tons more, this is a whole topic in an of itself.
Regional
Are you outdoorsy?
Queenstown, NZ (~3 hour flight) - The end all be all go-to place for being outdoors. If you like being outside/hiking/etc. this should absolutely be on your list See extreme activities section.
Tasmania -
Blue Mountains - see above.
Royal National Park (~30 min from Sydney) - great national park with some beautiful hiking spots. Not huge, but easy to get to and is a good excursion.
Do you like food/drinks?
Melbourne (pronounced Melbun) - Where to begin? Really the best way of thinking about Sydney vs. Melbourne, which is a HUGE rivalry by the way, is to put it simply as > Sydney has the sights whereas Melbourne has the culture.
Extreme activities?
Cairnes (pronounced Cans) - the gateway to the Great Barrier Reef. Backpacker town (if you want a nicer area near the GBR see Port Douglas) and full of bars and nightlife. If you're younger, want to hang out with some peers, and go diving, go here.
Queenstown - the extreme sports capital of the world or something like that. Has it all - skiing, skydiving, bungee jumping, rafting, etc.
Animals
Featherdale Wildlife Park - Near Sydney, see above section.
Taronga Zoo - see Sydney section.
Austrlaia Zoo - Up near Sunshine Coast, not familiar with it.
Cultural
Melbourne - see food.
Uluru - Where Ayers Rock is. Great for the "Outback" experience. Can fly (3 hrs) from Sydney, not/nothing else there though.
Beaches/Relaxation
Lord Howe Island - limited access island. Super exclusive. Best value is booking out and using Qantas points to get there. 16k or so round trip for $1,000 flight.
Hamilton Island - right off barrier reef's southern end. Beautiful islands with Whitsundays islands nearby.
Port Douglas - the nicer way to get to the Great Barrier Reef (as opposed to touristy/backpacker Cairns).
Bondi/Bronte/Coogee/etc. - Eastern beaches. All near Syndey. Bondi to Coogee walk will show you most of them.
Northern Beaches (30 - 45 min car ride from city). More laid back beaches outside of the city. Slower paces, friendlier locals.
Example Itinerary
Assumes 10 days down under.
Day 1 - Land in SYD, drop bags at hotel, change, and head straight to Zoo. DO NOT NAP. Try to stay awake until 7p or so. Good luck.
Day 2 Sydney - Hop on/Hop off bus tour. Do Bondi to Coogee walk when you get to Bondi. Figure out what you like and don't like along the way.
Day 3 Travel to Melbourne - Dinner downtown.
Day 4 Melbourne - Coffee, walk around CBD, Great Ocean Road maybe?
Day 5 Travel to Queenstown, NZ
Day 6 Queenstown - Outside
Day 7 Queenstown - Outside
Day 8 Travel to Sydney
Day 9 Sydney - Opera House tour. Ferry to Manly for lunch/afternoon.
'Buckle up lads.' Famous last words. Our hotel by the Boulevard was a bundle of sophistication. Reverse Psychology folds, raising ok the turn and initimidating your opponents were the topics dallied over at the chic cafe. Wellington resonated with an understated if not sophisticated beauty. The city, no doubt a hotspot for commerce and tourists, held up reasonably well given my history. Rapid. The hill towards the East End was a superior sight for sore eyes. I admired the two storey homes, perched in an orderly fashion, slanting down the diagonal plain; a delicate harmony of modernity and nature. As the resident weirdo of the crew; I was the sole member who could recite (swallow) the dark arts of river psychology. Why we felt a compelling desire to practice before the tournament BRIEFING escaped me. Sat in, perched above the street, i indulged in a bout of youtube; Mauritius dancing to quench the nerves. 2 days pre tournament. What better way to prepare than to jaunt down to the casino? Joyous. Aside from poker, the casino catered to the finer gambler's pallets with blackjack, and other wonderful games and drinks. I indulged in a few rounds of low stakes, if for no reason than to simply observe the subtle graves of the locals. The vast majority of kiwis that I've encountered seem to glide through life in a relaxed manner. Sans souci. Backpackers, tourists stormed through. One pf the worlds most underrated tourist destinations in my site came into my vision, the I've bar. I obliged with the cash, wore my fur coat and crept instead; deliriously freezing! How could this pretentious cube hold any swaying power for tourists? Freezing, cold and with very prissy service, it was a marvel that the place still ran. The gang swiftly took their token Instagram pics before heading back onto the concourse. Not much happening except a street performance near the trees on the corner. 'Tomorrow we rise early.' Magnus the leader had spoken. I agreed with him. After all, it would be rude to travel all the way across the ditch to not partake in one of NZ's finest drawcards; skiing. The Euro Trash alarm struck at 5. 'Cmon gents. Let's tear this shit up.' Russo was considered the ultimate badass of the group. Blessed with watermelon muscles and a massive athletic build, he was ready for all if mother nature's traps. Perched by the logs. 'Deep inside your conscience you must look, deep inside you must.' The Malaysian dinner from last night grumbled in the nether regions of my stomach. That Cuttlefish-an exquisite combination of creature and chilli sauce. We set for the chairlifts; straight for the peak of Queenstown: the winder. I noticed that despite not possessing the sheer steepness of the hill, it was no less intimidating and gripping. '10 minutes down at high speed and 30 metres to the East...' the secret entrance had been revealed to me for the first time-an inebriating endroit whose mystery is only exceeded by its power.
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July 28, 2013 The Kawarau Bridge - The World's First Commercial Bungy Site! Timelapse Queenstown to Te Anau, South Island, NZ. 161118. Life at a brothel in the small town of Hawera, New Zealand. Read more about the documentary 👉 https://thespinoff.co.nz/society/24-05-2018/life-with-the-hook... This video is unavailable. Watch Queue Queue. Watch Queue Queue The next video is starting stop. Loading... Watch Queue AJ Hackett Bungy's Nevis Swing, the most fun you will have in New Zealand! Go at it alone, tandem with a mate, alone, upside down, forwards, backwards, truck... THE ULTIMATE BLEND OF SHARK & MACHINE Visit http://www.hydroattack.co.nz to book now. Looking for unique things to do in Queenstown then look no further - Hy... This video is unavailable. Watch Queue Queue. Watch Queue Queue About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy & Safety How YouTube works Test new features Press Copyright Contact us Creators ... Queenstown, New Zealand timelapse from Sunday 30th January 2011. Visit the live camera on Takeabreak http://www.takeabreak.co.nz Purchase your very own Snapi...