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19-09-2016, 03:04 PM
#8131
Originally Posted by greater fool
There is a later ( 2011 ) edition; 'Beyond the Zulu Principle'.
I think the original may have been updated too.
I found reading the summaries gave you a fair understanding of the book.
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19-09-2016, 03:24 PM
#8132
Originally Posted by Paper Tiger
I am reasonably sure:
that these shares, wot we are discussing, were freebies;
That those that received these shares did not pay anything at all for them;
(and by shares I include the options that they converted from)
[Stop here & read no further if you are easily confused]
That the cost of these shares has reduced company profits over the years and has been accumulating as a liability on the balance sheet;
That the total assets of the company has not changed by the issue of these shares, but the liability has been converted to equity as in:
Assets = Liaibilities + Equity
Assets = unchanged
Liabilities = reduced by X
Equity = increased by X
Best Wishes
Paper Tiger
Correct - well done
”When investors are euphoric, they are incapable of recognising euphoria itself “
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19-09-2016, 04:37 PM
#8133
Meanwhile, increasing heat on the Australian banks re rate rigging accusations.
http://www.bbc.com/news/business-37127579
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20-09-2016, 08:19 PM
#8134
Originally Posted by Paper Tiger
Strictly speaking you are correct in that new shares have been issued at a price above the NTA per share and thus the NTA per share of the company has risen.
However - and this is my being a little annoyed that this sort of thing goes on to the extent that it does (and that no one gives me a million dollars bonus):
the cost of those shares has been an expense to the company over the last few years and this 'debt for equity swap' just gives us our money back by diluting the equity with new shares at the same time.
And now for something completely different...
Best Wishes
Paper Tiger
Time to get a 'little annoyed' again mate
Another 189,185 freebie shares allotted today (wonder who for this time)
Never ending gravy train
”When investors are euphoric, they are incapable of recognising euphoria itself “
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21-09-2016, 11:23 AM
#8135
Global Dairy Trade results over night reasonably positive
Good for Heartland share price (for whatever reason pretty strong relationship between the two)
”When investors are euphoric, they are incapable of recognising euphoria itself “
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21-09-2016, 11:45 AM
#8136
http://www.theaustralian.com.au/busi...2319d484c3e9f9
UDC sale getting closer...
Busy and exciting times with dairy famers 'back in black' and UDC sale on the horizon
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21-09-2016, 12:09 PM
#8137
Originally Posted by trader_jackson
Good eh t_j
So Kohlberg Kravis Roberts, Macquarie Group and Heartland Bank are touted as suitors
Despite Heartland continually repeating "Acquisitions remain a part of Heartland’s growth strategy, but they must be value accretive and either deliver innovation or a compelling distribution capability" I can see Jeff salivating at the mouth at the prospects of acquiring UDC.
An opportunity to great to miss no matter what the cost. One doesn't get that many opportunities to make a name for oneself and life must be pretty boring for him at the moment. Just say the magic words 'eps accretive' and its all honky dory and share holders will front up with zillions to make it happen.
”When investors are euphoric, they are incapable of recognising euphoria itself “
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21-09-2016, 12:09 PM
#8138
Originally Posted by trader_jackson
Your link is behind a paywall. Can you give us an idea of what it says?
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21-09-2016, 12:11 PM
#8139
Originally Posted by winner69
Good eh t_j
So Kohlberg Kravis Roberts, Macquarie Group and Heartland Bank are touted as suitors
Despite Heartland continually repeating "Acquisitions remain a part of Heartland’s growth strategy, but they must be value accretive and either deliver innovation or a compelling distribution capability" I can see Jeff salivating at the mouth at the prospects of acquiring UDC.
An opportunity to great to miss no matter what the cost. One doesn't get that many opportunities to make a name for oneself and life must be pretty boring for him at the moment. Just say the magic words 'eps accretive' and its all honky dory and share holders will front up with zillions to make it happen.
Would be a great fit.
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21-09-2016, 12:15 PM
#8140
Last edited by trader_jackson; 21-09-2016 at 12:17 PM.
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