Originally Posted by
Recaster
Thanks Dassets. I really didn't know what I was getting into with this. Pages and pages of notes to the financial statements which I really didn't get in to.
First attempt at analysing a government :-(.
To do it properly is a big project I now realise.
I get all that you are saying except the point about Mercury. Could you elaborate on that? Mercury would be consolidated at 51.15% ownership?
Also could you give an example of a financial asset which will fall in value while the debt remains the same?
I'll have another look at it with respect to the points you have made.
OBEGAL was a new one on me but it seems a better metric I agree.
Rising discount rates will certainly trim the froth off companies.
Thanks for taking the time to look at it. Cheers.