Do they have a format for betting agreements between individuals on anonymous message board??
Asking for a friend. :mellow:
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Yeah, I stand behind that in real terms - which is all that matters.
From your comments and a very quick look at the statements, they might be able to generate 100-125 million cash, that's a big 'might' and it would take me a week to actually decide on that number, that's around a 1.5% real return if you are lucky.
Is this not so?
And their revenue is down a lot over 5 years in real terms, so whats this massive CAPEX spend achieving?
You seem to have a decent understanding of things but I urge you to consider the points I have made.
Even at these hugely reduced share prices, these companies are NOT good businesses.
Interesting to see how the 'bet' has evolved both by increasing in size and for instead of the loser to giving to their 'named charity of choice', it has become a personal wager.
Maybe SailorRob needs the money to pay the IRD all the tax he will owe them on his massive offshore trade wins?
SNOOPY
No comment on the bet, but if you were bullish on the stock, wouldn't you be better achieving the same return profile by buying more stock on margin, rather than bilaterally betting and introducing counterparty risk?. Or where applicable, buying a call option for extra leverage.
The bragging rights part could be solved by screen-shotting your P/L statement ;-)
Real return is everything. Nominal means nothing without being adjusted for inflation
I think you need to re read what VNZ wrote.
Nobody thinks in nominal returns, you'd be a moron to do so.
I'm selling a boat for more than what I paid for it 15 years ago... Do I think I made money????
Do you really think the Zimbabwe stock exchange is the best performing in the world?
Look, a lot of people have lost a lot of money in these companies and there will be a lot of explaining to do to partners etc, where people thought they were geniuses but was just one giant leveraged rates play. That money is never coming back, in real terms it's gone. Painful I get it, but learn.