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Groups > aus.computers > #50038 > unrolled thread
| Started by | "Vote 99% Greens" <VoxPoop@spammail.com> |
|---|---|
| First post | 2016-01-08 11:42 +1100 |
| Last post | 2016-01-09 16:48 +1100 |
| Articles | 20 on this page of 46 — 9 participants |
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Dick Smith is the Greatest Private Equity Heist of All Time "Vote 99% Greens" <VoxPoop@spammail.com> - 2016-01-08 11:42 +1100
Re: Dick Smith is the Greatest Private Equity Heist of All Time SolomonW <SolomonW@citi.com> - 2016-01-08 16:54 +1100
Re: Dick Smith is the Greatest Private Equity Heist of All Time Fran Farmer <ask@maybeitwillbeforthcoming.com> - 2016-01-08 17:40 +1100
Re: Dick Smith is the Greatest Private Equity Heist of All Time "Pelican" <water-birds@sea.somewhere.org.ir> - 2016-01-08 17:56 +1100
Re: Dick Smith is the Greatest Private Equity Heist of All Time Truth and honesty <TruthandHonesty@bluetooth.com.au> - 2016-01-08 18:06 +1100
Re: Dick Smith is the Greatest Private Equity Heist of All Time Fran Farmer <ask@maybeitwillbeforthcoming.com> - 2016-01-08 21:33 +1100
Re: Dick Smith is the Greatest Private Equity Heist of All Time "Pelican" <water-birds@sea.somewhere.org.ir> - 2016-01-09 08:30 +1100
Re: Dick Smith is the Greatest Private Equity Heist of All Time Fran Farmer <ask@maybeitwillbeforthcoming.com> - 2016-01-09 11:13 +1100
Re: Dick Smith is the Greatest Private Equity Heist of All Time Fran Farmer <ask@maybeitwillbeforthcoming.com> - 2016-01-09 11:25 +1100
Re: Dick Smith is the Greatest Private Equity Heist of All Time "Pelican" <water-birds@sea.somewhere.org.ir> - 2016-01-09 12:59 +1100
Re: Dick Smith is the Greatest Private Equity Heist of All Time "Rod Speed" <rod.speed.aaa@gmail.com> - 2016-01-09 16:57 +1100
Re: Dick Smith is the Greatest Private Equity Heist of All Time "Pelican" <water-birds@sea.somewhere.org.ir> - 2016-01-09 17:55 +1100
Re: Dick Smith is the Greatest Private Equity Heist of All Time "Rod Speed" <rod.speed.aaa@gmail.com> - 2016-01-09 19:27 +1100
Re: Dick Smith is the Greatest Private Equity Heist of All Time Fran Farmer <ask@maybeitwillbeforthcoming.com> - 2016-01-09 18:22 +1100
Re: Dick Smith is the Greatest Private Equity Heist of All Time "Pelican" <water-birds@sea.somewhere.org.ir> - 2016-01-09 18:27 +1100
Re: Dick Smith is the Greatest Private Equity Heist of All Time Fran Farmer <ask@maybeitwillbeforthcoming.com> - 2016-01-09 18:44 +1100
Re: Dick Smith is the Greatest Private Equity Heist of All Time "Pelican" <water-birds@sea.somewhere.org.ir> - 2016-01-09 18:46 +1100
Re: Dick Smith is the Greatest Private Equity Heist of All Time "Pelican" <water-birds@sea.somewhere.org.ir> - 2016-01-09 12:58 +1100
Re: Dick Smith is the Greatest Private Equity Heist of All Time "Rod Speed" <rod.speed.aaa@gmail.com> - 2016-01-09 16:57 +1100
Re: Dick Smith is the Greatest Private Equity Heist of All Time "Pelican" <water-birds@sea.somewhere.org.ir> - 2016-01-09 17:54 +1100
Re: Dick Smith is the Greatest Private Equity Heist of All Time "Rod Speed" <rod.speed.aaa@gmail.com> - 2016-01-09 19:27 +1100
Re: Dick Smith is the Greatest Private Equity Heist of All Time Fran Farmer <ask@maybeitwillbeforthcoming.com> - 2016-01-09 18:28 +1100
Re: Dick Smith is the Greatest Private Equity Heist of All Time "Pelican" <water-birds@sea.somewhere.org.ir> - 2016-01-09 18:37 +1100
Re: Dick Smith is the Greatest Private Equity Heist of All Time "Pelican" <water-birds@sea.somewhere.org.ir> - 2016-01-09 18:38 +1100
Re: Dick Smith is the Greatest Private Equity Heist of All Time "Rod Speed" <rod.speed.aaa@gmail.com> - 2016-01-09 16:55 +1100
Re: Dick Smith is the Greatest Private Equity Heist of All Time "Rod Speed" <rod.speed.aaa@gmail.com> - 2016-01-09 16:53 +1100
Re: Dick Smith is the Greatest Private Equity Heist of All Time "Pelican" <water-birds@sea.somewhere.org.ir> - 2016-01-09 17:53 +1100
Re: Dick Smith is the Greatest Private Equity Heist of All Time "Rod Speed" <rod.speed.aaa@gmail.com> - 2016-01-09 19:26 +1100
Re: Dick Smith is the Greatest Private Equity Heist of All Time Petzl <petzlx@gmail.com> - 2016-01-09 18:18 +1100
Re: Dick Smith is the Greatest Private Equity Heist of All Time "Rod Speed" <rod.speed.aaa@gmail.com> - 2016-01-09 19:33 +1100
Re: Dick Smith is the Greatest Private Equity Heist of All Time Petzl <petzlx@gmail.com> - 2016-01-09 21:24 +1100
Re: Dick Smith is the Greatest Private Equity Heist of All Time "Rod Speed" <rod.speed.aaa@gmail.com> - 2016-01-10 08:34 +1100
Re: Dick Smith is the Greatest Private Equity Heist of All Time Petzl <petzlx@gmail.com> - 2016-01-10 10:13 +1100
Re: Dick Smith is the Greatest Private Equity Heist of All Time "Rod Speed" <rod.speed.aaa@gmail.com> - 2016-01-10 15:34 +1100
Re: Dick Smith is the Greatest Private Equity Heist of All Time Petzl <petzlx@gmail.com> - 2016-01-10 15:59 +1100
Re: Dick Smith is the Greatest Private Equity Heist of All Time "Rod Speed" <rod.speed.aaa@gmail.com> - 2016-01-10 17:05 +1100
Re: Dick Smith is the Greatest Private Equity Heist of All Time "Rod Speed" <rod.speed.aaa@gmail.com> - 2016-01-09 16:29 +1100
Re: Dick Smith is the Greatest Private Equity Heist of All Time "Pelican" <water-birds@sea.somewhere.org.ir> - 2016-01-09 16:36 +1100
Re: Dick Smith is the Greatest Private Equity Heist of All Time "Rod Speed" <rod.speed.aaa@gmail.com> - 2016-01-09 16:45 +1100
Re: Dick Smith is the Greatest Private Equity Heist of All Time "Pelican" <water-birds@sea.somewhere.org.ir> - 2016-01-09 17:48 +1100
Re: Dick Smith is the Greatest Private Equity Heist of All Time "Rod Speed" <rod.speed.aaa@gmail.com> - 2016-01-09 19:22 +1100
Re: Dick Smith is the Greatest Private Equity Heist of All Time "Rod Speed" <rod.speed.aaa@gmail.com> - 2016-01-09 16:28 +1100
Re: Dick Smith is the Greatest Private Equity Heist of All Time Jeßus <j@invalid.lan> - 2016-01-08 18:26 +1100
Re: Dick Smith is the Greatest Private Equity Heist of All Time French <pw_112@gmail.com> - 2016-01-08 22:00 +1000
Re: Dick Smith is the Greatest Private Equity Heist of All Time Jeßus <j@invalid.lan> - 2016-01-09 08:03 +1100
Re: Dick Smith is the Greatest Private Equity Heist of All Time "Rod Speed" <rod.speed.aaa@gmail.com> - 2016-01-09 16:48 +1100
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| From | "Rod Speed" <rod.speed.aaa@gmail.com> |
|---|---|
| Date | 2016-01-09 19:27 +1100 |
| Message-ID | <dfbuirF76lhU1@mid.individual.net> |
| In reply to | #50106 |
"Pelican" <water-birds@sea.somewhere.org.ir> wrote in message news:n6qan1$7if$1@dont-email.me... > > > "Rod Speed" <rod.speed.aaa@gmail.com> wrote in message > news:dfblq9F57rkU1@mid.individual.net... >> >> >> "Pelican" <water-birds@sea.somewhere.org.ir> wrote in message >> news:n6ppas$lgk$1@dont-email.me... >>> >>> >>> "Fran Farmer" <ask@maybeitwillbeforthcoming.com> wrote in message >>> news:n6pj6o$t52$1@dont-email.me... >>>> On 9/01/2016 8:30 AM, Pelican wrote: >>>>> >>>>> >>>>> "Fran Farmer" <ask@maybeitwillbeforthcoming.com> wrote in message >>>>> news:n6o34n$h3t$1@dont-email.me... >>>>>> On 8/01/2016 6:06 PM, Truth and honesty wrote: >>>>>>> On Fri, 8 Jan 2016 17:56:42 +1100, Pelican wrote: >>>>>>> >>>>>>>> "Fran Farmer" <ask@maybeitwillbeforthcoming.com> wrote in message >>>>>>>> news:n6nlgs$r1p$4@dont-email.me... >>>>>>>>> On 8/01/2016 11:42 AM, Vote 99% Greens wrote: >>>>>>>>>> Posted on 29 Oct 2015 by Matt Ryan >>>>>>>>>> >>>>>>>>>> Dick Smith is the Greatest Private Equity Heist of All Time >>>>>>>>>> Want to know how to turn $10m in to $520m in less than two years? >>>>>>>>>> Just >>>>>>>>>> ask >>>>>>>>>> Anchorage Capital. The private equity group has pulled off one of >>>>>>>>>> the >>>>>>>>>> great >>>>>>>>>> heists of all time, using all the tricks in the book, to turn >>>>>>>>>> Dick >>>>>>>>>> Smith >>>>>>>>>> from a $10m piece of mutton into a $520m lamb. >>>>>>>>> >>>>>>>>> Thank you for a very interesting post. I'd heard part of that on >>>>>>>>> the >>>>>>>>> radio so it was fascinating to see more detail. >>>>>>>> >>>>>>>> Always good to see a new fiction writer emerging. >>>>>>> >>>>>>> >>>>>>> You are not wrong, its mainly fiction. >>>>>> >>>>>> So why is even Dick Smith commenting on the greed of the private >>>>>> eqity >>>>>> group owned it for 18 months and floated it for $400 million mroe >>>>>> than >>>>>> they bough it for? >>>>> >>>>> Where does greed come into it? >>>> >>>> I assume that Dick thinks a $400 million profit in 18 months is greedy, >>>> but you'll have to ask him to know what he had in mind. >>> >>> You should do that. You referred to it. >>> >>>>> If the story is true, what was >>>>> Woolworths doing in selling an asset at a very substantial discount? >>>>> >>>>>> If you think that's not a huge heist, can I join in your next bank >>>>>> robbery? >>>>> >>>>> The exercise was a standard asset-stripping exercise. >>>> >>>> Yes. a huge profit in 8 months. >>>> >>>>> At this stage, >>>>> there haven't been any suggestions that there is anything untoward >>>>> about >>>>> what was done, certainly no criminal offence like a bank robbery, >>>>> other >>>>> than by those suffering from envy. >>>> >>>> Really? I doubt that Dick smith is green with envy but not surprised >>>> that you wouldn't think there was anything untoward. >>> >>> Dick Smith isn't involved in any way, and doesn't have any information >>> about the transaction that is not available elsewhere. >> >> But has pointed out the scam involved using that information. > > Yeah, public information. Irrelevant to him pointing out that scam/ripoff.
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| From | Fran Farmer <ask@maybeitwillbeforthcoming.com> |
|---|---|
| Date | 2016-01-09 18:28 +1100 |
| Message-ID | <n6qcma$co9$1@dont-email.me> |
| In reply to | #50082 |
On 9/01/2016 12:58 PM, Pelican wrote: > > > "Fran Farmer" <ask@maybeitwillbeforthcoming.com> wrote in message > news:n6pj6o$t52$1@dont-email.me... >> On 9/01/2016 8:30 AM, Pelican wrote: >>> >>> >>> "Fran Farmer" <ask@maybeitwillbeforthcoming.com> wrote in message >>> news:n6o34n$h3t$1@dont-email.me... >>>> On 8/01/2016 6:06 PM, Truth and honesty wrote: >>>>> On Fri, 8 Jan 2016 17:56:42 +1100, Pelican wrote: >>>>> >>>>>> "Fran Farmer" <ask@maybeitwillbeforthcoming.com> wrote in message >>>>>> news:n6nlgs$r1p$4@dont-email.me... >>>>>>> On 8/01/2016 11:42 AM, Vote 99% Greens wrote: >>>>>>>> Posted on 29 Oct 2015 by Matt Ryan >>>>>>>> >>>>>>>> Dick Smith is the Greatest Private Equity Heist of All Time >>>>>>>> Want to know how to turn $10m in to $520m in less than two years? >>>>>>>> Just >>>>>>>> ask >>>>>>>> Anchorage Capital. The private equity group has pulled off one >>>>>>>> of the >>>>>>>> great >>>>>>>> heists of all time, using all the tricks in the book, to turn Dick >>>>>>>> Smith >>>>>>>> from a $10m piece of mutton into a $520m lamb. >>>>>>> >>>>>>> Thank you for a very interesting post. I'd heard part of that on >>>>>>> the >>>>>>> radio so it was fascinating to see more detail. >>>>>> >>>>>> Always good to see a new fiction writer emerging. >>>>> >>>>> >>>>> You are not wrong, its mainly fiction. >>>> >>>> So why is even Dick Smith commenting on the greed of the private eqity >>>> group owned it for 18 months and floated it for $400 million mroe than >>>> they bough it for? >>> >>> Where does greed come into it? >> >> I assume that Dick thinks a $400 million profit in 18 months is >> greedy, but you'll have to ask him to know what he had in mind. > > You should do that. You referred to it. > >>> If the story is true, what was >>> Woolworths doing in selling an asset at a very substantial discount? >>> >>>> If you think that's not a huge heist, can I join in your next bank >>>> robbery? >>> >>> The exercise was a standard asset-stripping exercise. >> >> Yes. a huge profit in 8 months. >> >>> At this stage, >>> there haven't been any suggestions that there is anything untoward about >>> what was done, certainly no criminal offence like a bank robbery, other >>> than by those suffering from envy. >> >> Really? I doubt that Dick smith is green with envy but not surprised >> that you wouldn't think there was anything untoward. > > Dick Smith isn't involved in any way, and doesn't have any information > about the transaction that is not available elsewhere. > > I haven't expressed any such view, so your surprise is misplaced. See > above. :-)) Woooooosh! > >> Bottom of the harbour was legal too IIRC. > > You don't remember correctly. It was tax fraud. I do remember correctly. It was legal until 1980.
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| From | "Pelican" <water-birds@sea.somewhere.org.ir> |
|---|---|
| Date | 2016-01-09 18:37 +1100 |
| Message-ID | <n6qd6n$e6t$1@dont-email.me> |
| In reply to | #50112 |
"Fran Farmer" <ask@maybeitwillbeforthcoming.com> wrote in message news:n6qcma$co9$1@dont-email.me... > On 9/01/2016 12:58 PM, Pelican wrote: >> >> >> "Fran Farmer" <ask@maybeitwillbeforthcoming.com> wrote in message >> news:n6pj6o$t52$1@dont-email.me... >>> On 9/01/2016 8:30 AM, Pelican wrote: >>>> >>>> >>>> "Fran Farmer" <ask@maybeitwillbeforthcoming.com> wrote in message >>>> news:n6o34n$h3t$1@dont-email.me... >>>>> On 8/01/2016 6:06 PM, Truth and honesty wrote: >>>>>> On Fri, 8 Jan 2016 17:56:42 +1100, Pelican wrote: >>>>>> >>>>>>> "Fran Farmer" <ask@maybeitwillbeforthcoming.com> wrote in message >>>>>>> news:n6nlgs$r1p$4@dont-email.me... >>>>>>>> On 8/01/2016 11:42 AM, Vote 99% Greens wrote: >>>>>>>>> Posted on 29 Oct 2015 by Matt Ryan >>>>>>>>> >>>>>>>>> Dick Smith is the Greatest Private Equity Heist of All Time >>>>>>>>> Want to know how to turn $10m in to $520m in less than two years? >>>>>>>>> Just >>>>>>>>> ask >>>>>>>>> Anchorage Capital. The private equity group has pulled off one >>>>>>>>> of the >>>>>>>>> great >>>>>>>>> heists of all time, using all the tricks in the book, to turn Dick >>>>>>>>> Smith >>>>>>>>> from a $10m piece of mutton into a $520m lamb. >>>>>>>> >>>>>>>> Thank you for a very interesting post. I'd heard part of that on >>>>>>>> the >>>>>>>> radio so it was fascinating to see more detail. >>>>>>> >>>>>>> Always good to see a new fiction writer emerging. >>>>>> >>>>>> >>>>>> You are not wrong, its mainly fiction. >>>>> >>>>> So why is even Dick Smith commenting on the greed of the private eqity >>>>> group owned it for 18 months and floated it for $400 million mroe than >>>>> they bough it for? >>>> >>>> Where does greed come into it? >>> >>> I assume that Dick thinks a $400 million profit in 18 months is >>> greedy, but you'll have to ask him to know what he had in mind. >> >> You should do that. You referred to it. >> >>>> If the story is true, what was >>>> Woolworths doing in selling an asset at a very substantial discount? >>>> >>>>> If you think that's not a huge heist, can I join in your next bank >>>>> robbery? >>>> >>>> The exercise was a standard asset-stripping exercise. >>> >>> Yes. a huge profit in 8 months. >>> >>>> At this stage, >>>> there haven't been any suggestions that there is anything untoward >>>> about >>>> what was done, certainly no criminal offence like a bank robbery, other >>>> than by those suffering from envy. >>> >>> Really? I doubt that Dick smith is green with envy but not surprised >>> that you wouldn't think there was anything untoward. >> >> Dick Smith isn't involved in any way, and doesn't have any information >> about the transaction that is not available elsewhere. >> >> I haven't expressed any such view, so your surprise is misplaced. See >> above. > > :-)) Woooooosh! >> >>> Bottom of the harbour was legal too IIRC. >> >> You don't remember correctly. It was tax fraud. > > I do remember correctly. It was legal until 1980. No. it wasn't. It was tax fraud then, and still is. The legislation you found on the Wiki specifically targeted the practice, but a conspiracy to defraud the AAT was nevertheless a tax crime at the time and still is.
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| From | "Pelican" <water-birds@sea.somewhere.org.ir> |
|---|---|
| Date | 2016-01-09 18:38 +1100 |
| Message-ID | <n6qd8n$ec5$1@dont-email.me> |
| In reply to | #50113 |
"Pelican" <water-birds@sea.somewhere.org.ir> wrote in message news:n6qd6n$e6t$1@dont-email.me... > > > "Fran Farmer" <ask@maybeitwillbeforthcoming.com> wrote in message > news:n6qcma$co9$1@dont-email.me... >> On 9/01/2016 12:58 PM, Pelican wrote: >>> >>> >>> "Fran Farmer" <ask@maybeitwillbeforthcoming.com> wrote in message >>> news:n6pj6o$t52$1@dont-email.me... >>>> On 9/01/2016 8:30 AM, Pelican wrote: >>>>> >>>>> >>>>> "Fran Farmer" <ask@maybeitwillbeforthcoming.com> wrote in message >>>>> news:n6o34n$h3t$1@dont-email.me... >>>>>> On 8/01/2016 6:06 PM, Truth and honesty wrote: >>>>>>> On Fri, 8 Jan 2016 17:56:42 +1100, Pelican wrote: >>>>>>> >>>>>>>> "Fran Farmer" <ask@maybeitwillbeforthcoming.com> wrote in message >>>>>>>> news:n6nlgs$r1p$4@dont-email.me... >>>>>>>>> On 8/01/2016 11:42 AM, Vote 99% Greens wrote: >>>>>>>>>> Posted on 29 Oct 2015 by Matt Ryan >>>>>>>>>> >>>>>>>>>> Dick Smith is the Greatest Private Equity Heist of All Time >>>>>>>>>> Want to know how to turn $10m in to $520m in less than two years? >>>>>>>>>> Just >>>>>>>>>> ask >>>>>>>>>> Anchorage Capital. The private equity group has pulled off one >>>>>>>>>> of the >>>>>>>>>> great >>>>>>>>>> heists of all time, using all the tricks in the book, to turn >>>>>>>>>> Dick >>>>>>>>>> Smith >>>>>>>>>> from a $10m piece of mutton into a $520m lamb. >>>>>>>>> >>>>>>>>> Thank you for a very interesting post. I'd heard part of that on >>>>>>>>> the >>>>>>>>> radio so it was fascinating to see more detail. >>>>>>>> >>>>>>>> Always good to see a new fiction writer emerging. >>>>>>> >>>>>>> >>>>>>> You are not wrong, its mainly fiction. >>>>>> >>>>>> So why is even Dick Smith commenting on the greed of the private >>>>>> eqity >>>>>> group owned it for 18 months and floated it for $400 million mroe >>>>>> than >>>>>> they bough it for? >>>>> >>>>> Where does greed come into it? >>>> >>>> I assume that Dick thinks a $400 million profit in 18 months is >>>> greedy, but you'll have to ask him to know what he had in mind. >>> >>> You should do that. You referred to it. >>> >>>>> If the story is true, what was >>>>> Woolworths doing in selling an asset at a very substantial discount? >>>>> >>>>>> If you think that's not a huge heist, can I join in your next bank >>>>>> robbery? >>>>> >>>>> The exercise was a standard asset-stripping exercise. >>>> >>>> Yes. a huge profit in 8 months. >>>> >>>>> At this stage, >>>>> there haven't been any suggestions that there is anything untoward >>>>> about >>>>> what was done, certainly no criminal offence like a bank robbery, >>>>> other >>>>> than by those suffering from envy. >>>> >>>> Really? I doubt that Dick smith is green with envy but not surprised >>>> that you wouldn't think there was anything untoward. >>> >>> Dick Smith isn't involved in any way, and doesn't have any information >>> about the transaction that is not available elsewhere. >>> >>> I haven't expressed any such view, so your surprise is misplaced. See >>> above. >> >> :-)) Woooooosh! >>> >>>> Bottom of the harbour was legal too IIRC. >>> >>> You don't remember correctly. It was tax fraud. >> >> I do remember correctly. It was legal until 1980. > > No. it wasn't. It was tax fraud then, and still is. The legislation you > found on the Wiki specifically targeted the practice, but a conspiracy to > defraud the AAT was nevertheless a tax crime at the time and still is. correction : ATO, rather than AAT
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| From | "Rod Speed" <rod.speed.aaa@gmail.com> |
|---|---|
| Date | 2016-01-09 16:55 +1100 |
| Message-ID | <dfblmrF5752U1@mid.individual.net> |
| In reply to | #50079 |
"Fran Farmer" <ask@maybeitwillbeforthcoming.com> wrote in message news:n6pj6o$t52$1@dont-email.me... > On 9/01/2016 8:30 AM, Pelican wrote: >> >> >> "Fran Farmer" <ask@maybeitwillbeforthcoming.com> wrote in message >> news:n6o34n$h3t$1@dont-email.me... >>> On 8/01/2016 6:06 PM, Truth and honesty wrote: >>>> On Fri, 8 Jan 2016 17:56:42 +1100, Pelican wrote: >>>> >>>>> "Fran Farmer" <ask@maybeitwillbeforthcoming.com> wrote in message >>>>> news:n6nlgs$r1p$4@dont-email.me... >>>>>> On 8/01/2016 11:42 AM, Vote 99% Greens wrote: >>>>>>> Posted on 29 Oct 2015 by Matt Ryan >>>>>>> >>>>>>> Dick Smith is the Greatest Private Equity Heist of All Time >>>>>>> Want to know how to turn $10m in to $520m in less than two years? >>>>>>> Just >>>>>>> ask >>>>>>> Anchorage Capital. The private equity group has pulled off one of >>>>>>> the >>>>>>> great >>>>>>> heists of all time, using all the tricks in the book, to turn Dick >>>>>>> Smith >>>>>>> from a $10m piece of mutton into a $520m lamb. >>>>>> >>>>>> Thank you for a very interesting post. I'd heard part of that on the >>>>>> radio so it was fascinating to see more detail. >>>>> >>>>> Always good to see a new fiction writer emerging. >>>> >>>> >>>> You are not wrong, its mainly fiction. >>> >>> So why is even Dick Smith commenting on the greed of the private eqity >>> group owned it for 18 months and floated it for $400 million mroe than >>> they bough it for? >> >> Where does greed come into it? > > I assume that Dick thinks a $400 million profit in 18 months is greedy, > but you'll have to ask him to know what he had in mind. > > If the story is true, what was >> Woolworths doing in selling an asset at a very substantial discount? >> >>> If you think that's not a huge heist, can I join in your next bank >>> robbery? >> >> The exercise was a standard asset-stripping exercise. > > Yes. a huge profit in 8 months. > > At this stage, >> there haven't been any suggestions that there is anything untoward about >> what was done, certainly no criminal offence like a bank robbery, other >> than by those suffering from envy. > > Really? I doubt that Dick smith is green with envy but not surprised that > you wouldn't think there was anything untoward. Bottom of the harbour was > legal too IIRC. Like hell it was. >> What no-one will be told as how much the tax-payer obtained. >> >>>> http://www.applianceretailer.com.au/2013/07/lqynkbiver/#.Vo9foLND4Wm >>>> >>>> Woolworths confirmed that the “total proceeds from the sale of Dick >>>> Smith” >>>> were $94 million, including a $50 million payment on 28 June 2013 and >>>> $24 >>>> million in 12 monthly installments commencing July 2013. >>> >>> >
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| From | "Rod Speed" <rod.speed.aaa@gmail.com> |
|---|---|
| Date | 2016-01-09 16:53 +1100 |
| Message-ID | <dfbljqF56e3U1@mid.individual.net> |
| In reply to | #50078 |
"Pelican" <water-birds@sea.somewhere.org.ir> wrote in message news:n6p9lf$vuu$1@dont-email.me... > > > "Fran Farmer" <ask@maybeitwillbeforthcoming.com> wrote in message > news:n6o34n$h3t$1@dont-email.me... >> On 8/01/2016 6:06 PM, Truth and honesty wrote: >>> On Fri, 8 Jan 2016 17:56:42 +1100, Pelican wrote: >>> >>>> "Fran Farmer" <ask@maybeitwillbeforthcoming.com> wrote in message >>>> news:n6nlgs$r1p$4@dont-email.me... >>>>> On 8/01/2016 11:42 AM, Vote 99% Greens wrote: >>>>>> Posted on 29 Oct 2015 by Matt Ryan >>>>>> >>>>>> Dick Smith is the Greatest Private Equity Heist of All Time >>>>>> Want to know how to turn $10m in to $520m in less than two years? >>>>>> Just >>>>>> ask >>>>>> Anchorage Capital. The private equity group has pulled off one of the >>>>>> great >>>>>> heists of all time, using all the tricks in the book, to turn Dick >>>>>> Smith >>>>>> from a $10m piece of mutton into a $520m lamb. >>>>> >>>>> Thank you for a very interesting post. I'd heard part of that on the >>>>> radio so it was fascinating to see more detail. >>>> >>>> Always good to see a new fiction writer emerging. >>> >>> >>> You are not wrong, its mainly fiction. >> >> So why is even Dick Smith commenting on the greed of the private eqity >> group owned it for 18 months and floated it for $400 million mroe than >> they bough it for? > > Where does greed come into it? Ripping $400M off investors, stupid. > If the story is true, It is. > what was Woolworths doing in selling an asset at a very substantial > discount? They got a lot more for it than it was worth, because those ripoff merchants needed that to rip that $400M off investors. >> If you think that's not a huge heist, can I join in your next bank >> robbery? > > The exercise was a standard asset-stripping exercise. No asset stripping whatever involved. > At this stage, there haven't been any suggestions that there is anything > untoward about what was done, BULLSHIT. > certainly no criminal offence like a bank robbery, Still white collar crime and a ripoff. > other than by those suffering from envy. Even sillier than you usually manage. > What no-one will be told as how much the tax-payer obtained. We'll see... They were with that other private equity heist. >>> http://www.applianceretailer.com.au/2013/07/lqynkbiver/#.Vo9foLND4Wm >>> >>> Woolworths confirmed that the “total proceeds from the sale of Dick >>> Smith” >>> were $94 million, including a $50 million payment on 28 June 2013 and >>> $24 >>> million in 12 monthly installments commencing July 2013. >> >>
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| From | "Pelican" <water-birds@sea.somewhere.org.ir> |
|---|---|
| Date | 2016-01-09 17:53 +1100 |
| Message-ID | <n6qajs$7e9$1@dont-email.me> |
| In reply to | #50095 |
"Rod Speed" <rod.speed.aaa@gmail.com> wrote in message news:dfbljqF56e3U1@mid.individual.net... > > > "Pelican" <water-birds@sea.somewhere.org.ir> wrote in message > news:n6p9lf$vuu$1@dont-email.me... >> >> >> "Fran Farmer" <ask@maybeitwillbeforthcoming.com> wrote in message >> news:n6o34n$h3t$1@dont-email.me... >>> On 8/01/2016 6:06 PM, Truth and honesty wrote: >>>> On Fri, 8 Jan 2016 17:56:42 +1100, Pelican wrote: >>>> >>>>> "Fran Farmer" <ask@maybeitwillbeforthcoming.com> wrote in message >>>>> news:n6nlgs$r1p$4@dont-email.me... >>>>>> On 8/01/2016 11:42 AM, Vote 99% Greens wrote: >>>>>>> Posted on 29 Oct 2015 by Matt Ryan >>>>>>> >>>>>>> Dick Smith is the Greatest Private Equity Heist of All Time >>>>>>> Want to know how to turn $10m in to $520m in less than two years? >>>>>>> Just >>>>>>> ask >>>>>>> Anchorage Capital. The private equity group has pulled off one of >>>>>>> the >>>>>>> great >>>>>>> heists of all time, using all the tricks in the book, to turn Dick >>>>>>> Smith >>>>>>> from a $10m piece of mutton into a $520m lamb. >>>>>> >>>>>> Thank you for a very interesting post. I'd heard part of that on the >>>>>> radio so it was fascinating to see more detail. >>>>> >>>>> Always good to see a new fiction writer emerging. >>>> >>>> >>>> You are not wrong, its mainly fiction. >>> >>> So why is even Dick Smith commenting on the greed of the private eqity >>> group owned it for 18 months and floated it for $400 million mroe than >>> they bough it for? >> >> Where does greed come into it? > > Ripping $400M off investors, stupid. Then those investors who were ripped off will have a remedy, fuckwit. >> If the story is true, > > It is. > >> what was Woolworths doing in selling an asset at a very substantial >> discount? > > They got a lot more for it than it was worth, > because those ripoff merchants needed that > to rip that $400M off investors. You mangled that quite well. But it's still bullshit. >>> If you think that's not a huge heist, can I join in your next bank >>> robbery? >> >> The exercise was a standard asset-stripping exercise. > > No asset stripping whatever involved. > >> At this stage, there haven't been any suggestions that there is anything >> untoward about what was done, > > BULLSHIT. > >> certainly no criminal offence like a bank robbery, > > Still white collar crime and a ripoff. So easy to claim. We will see what happens. >> other than by those suffering from envy. > > Even sillier than you usually manage. > >> What no-one will be told as how much the tax-payer obtained. > > We'll see... They were with that other private equity heist. > >>>> http://www.applianceretailer.com.au/2013/07/lqynkbiver/#.Vo9foLND4Wm >>>> >>>> Woolworths confirmed that the “total proceeds from the sale of Dick >>>> Smith” >>>> were $94 million, including a $50 million payment on 28 June 2013 and >>>> $24 >>>> million in 12 monthly installments commencing July 2013. >>> >>>
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| From | "Rod Speed" <rod.speed.aaa@gmail.com> |
|---|---|
| Date | 2016-01-09 19:26 +1100 |
| Message-ID | <dfbuhjF76ahU1@mid.individual.net> |
| In reply to | #50105 |
"Pelican" <water-birds@sea.somewhere.org.ir> wrote in message news:n6qajs$7e9$1@dont-email.me... > > > "Rod Speed" <rod.speed.aaa@gmail.com> wrote in message > news:dfbljqF56e3U1@mid.individual.net... >> >> >> "Pelican" <water-birds@sea.somewhere.org.ir> wrote in message >> news:n6p9lf$vuu$1@dont-email.me... >>> >>> >>> "Fran Farmer" <ask@maybeitwillbeforthcoming.com> wrote in message >>> news:n6o34n$h3t$1@dont-email.me... >>>> On 8/01/2016 6:06 PM, Truth and honesty wrote: >>>>> On Fri, 8 Jan 2016 17:56:42 +1100, Pelican wrote: >>>>> >>>>>> "Fran Farmer" <ask@maybeitwillbeforthcoming.com> wrote in message >>>>>> news:n6nlgs$r1p$4@dont-email.me... >>>>>>> On 8/01/2016 11:42 AM, Vote 99% Greens wrote: >>>>>>>> Posted on 29 Oct 2015 by Matt Ryan >>>>>>>> >>>>>>>> Dick Smith is the Greatest Private Equity Heist of All Time >>>>>>>> Want to know how to turn $10m in to $520m in less than two years? >>>>>>>> Just >>>>>>>> ask >>>>>>>> Anchorage Capital. The private equity group has pulled off one of >>>>>>>> the >>>>>>>> great >>>>>>>> heists of all time, using all the tricks in the book, to turn Dick >>>>>>>> Smith >>>>>>>> from a $10m piece of mutton into a $520m lamb. >>>>>>> >>>>>>> Thank you for a very interesting post. I'd heard part of that on >>>>>>> the >>>>>>> radio so it was fascinating to see more detail. >>>>>> >>>>>> Always good to see a new fiction writer emerging. >>>>> >>>>> >>>>> You are not wrong, its mainly fiction. >>>> >>>> So why is even Dick Smith commenting on the greed of the private eqity >>>> group owned it for 18 months and floated it for $400 million mroe than >>>> they bough it for? >>> >>> Where does greed come into it? >> >> Ripping $400M off investors, stupid. > > Then those investors who were ripped off will have a remedy. Wrong, as always. There is plenty of ripping off which has no remedy, fuckwit child. >>> If the story is true, >> >> It is. >> >>> what was Woolworths doing in selling an asset at a very substantial >>> discount? >> >> They got a lot more for it than it was worth, >> because those ripoff merchants needed that >> to rip that $400M off investors. > > You mangled that quite well. But it's still bullshit. You never could bullshit your way out of a wet paper bag. >>>> If you think that's not a huge heist, can I join in your next bank >>>> robbery? >>> >>> The exercise was a standard asset-stripping exercise. >> >> No asset stripping whatever involved. >> >>> At this stage, there haven't been any suggestions that there is anything >>> untoward about what was done, >> >> BULLSHIT. >> >>> certainly no criminal offence like a bank robbery, >> >> Still white collar crime and a ripoff. > > So easy to claim. We will see what happens. Doesn’t prove a damned thing about either. >>> other than by those suffering from envy. >> >> Even sillier than you usually manage. >> >>> What no-one will be told as how much the tax-payer obtained. >> >> We'll see... They were with that other private equity heist. >> >>>>> http://www.applianceretailer.com.au/2013/07/lqynkbiver/#.Vo9foLND4Wm >>>>> >>>>> Woolworths confirmed that the “total proceeds from the sale of Dick >>>>> Smith” >>>>> were $94 million, including a $50 million payment on 28 June 2013 and >>>>> $24 >>>>> million in 12 monthly installments commencing July 2013. >>>> >>>>
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| From | Petzl <petzlx@gmail.com> |
|---|---|
| Date | 2016-01-09 18:18 +1100 |
| Message-ID | <82c19bd2hhhdt7nbo6e4dhuj9aflabm0c7@4ax.com> |
| In reply to | #50095 |
On Sat, 9 Jan 2016 16:53:59 +1100, "Rod Speed" <rod.speed.aaa@gmail.com> wrote: >removed aus.politics to many "Fran Farmer" types > >"Pelican" <water-birds@sea.somewhere.org.ir> wrote in message >news:n6p9lf$vuu$1@dont-email.me... >> >> >> "Fran Farmer" <ask@maybeitwillbeforthcoming.com> wrote in message >> news:n6o34n$h3t$1@dont-email.me... >>> On 8/01/2016 6:06 PM, Truth and honesty wrote: >>>> On Fri, 8 Jan 2016 17:56:42 +1100, Pelican wrote: >>>> >>>>> "Fran Farmer" <ask@maybeitwillbeforthcoming.com> wrote in message >>>>> news:n6nlgs$r1p$4@dont-email.me... >>>>>> On 8/01/2016 11:42 AM, Vote 99% Greens wrote: >>>>>>> Posted on 29 Oct 2015 by Matt Ryan >>>>>>> >>>>>>> Dick Smith is the Greatest Private Equity Heist of All Time >>>>>>> Want to know how to turn $10m in to $520m in less than two years? >>>>>>> Just >>>>>>> ask >>>>>>> Anchorage Capital. The private equity group has pulled off one of the >>>>>>> great >>>>>>> heists of all time, using all the tricks in the book, to turn Dick >>>>>>> Smith >>>>>>> from a $10m piece of mutton into a $520m lamb. >>>>>> >>>>>> Thank you for a very interesting post. I'd heard part of that on the >>>>>> radio so it was fascinating to see more detail. >>>>> >>>>> Always good to see a new fiction writer emerging. >>>> >>>> >>>> You are not wrong, its mainly fiction. >>> >>> So why is even Dick Smith commenting on the greed of the private eqity >>> group owned it for 18 months and floated it for $400 million mroe than >>> they bough it for? >> >> Where does greed come into it? > >Ripping $400M off investors, stupid. > >> If the story is true, > >It is. > >> what was Woolworths doing in selling an asset at a very substantial >> discount? > >They got a lot more for it than it was worth, >because those ripoff merchants needed that >to rip that $400M off investors. > >>> If you think that's not a huge heist, can I join in your next bank >>> robbery? >> >> The exercise was a standard asset-stripping exercise. > >No asset stripping whatever involved. > >> At this stage, there haven't been any suggestions that there is anything >> untoward about what was done, > >BULLSHIT. > >> certainly no criminal offence like a bank robbery, > >Still white collar crime and a ripoff. > >> other than by those suffering from envy. > >Even sillier than you usually manage. > >> What no-one will be told as how much the tax-payer obtained. > >We'll see... They were with that other private equity heist. > >>>> http://www.applianceretailer.com.au/2013/07/lqynkbiver/#.Vo9foLND4Wm >>>> >>>> Woolworths confirmed that the “total proceeds from the sale of Dick >>>> Smith” >>>> were $94 million, including a $50 million payment on 28 June 2013 and >>>> $24 >>>> million in 12 monthly installments commencing July 2013. >>> >>> The owners used creative accounting to fudge a pyramid profit (scheme) results, claiming profit when it made none, and once enough debt was unable to be repaid to creditors they made their move. http://bit.ly/1kUra9J Rule one in investing in IPO's DON'T if the likes of you and me can buy them they are not worth buying, if any good they are sold out before one can. Wait for them to appear on market -- Petzl
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| From | "Rod Speed" <rod.speed.aaa@gmail.com> |
|---|---|
| Date | 2016-01-09 19:33 +1100 |
| Message-ID | <dfbuu3F79huU1@mid.individual.net> |
| In reply to | #50109 |
"Petzl" <petzlx@gmail.com> wrote in message news:82c19bd2hhhdt7nbo6e4dhuj9aflabm0c7@4ax.com... > On Sat, 9 Jan 2016 16:53:59 +1100, "Rod Speed" > <rod.speed.aaa@gmail.com> wrote: > >>removed aus.politics to many "Fran Farmer" types >> >>"Pelican" <water-birds@sea.somewhere.org.ir> wrote in message >>news:n6p9lf$vuu$1@dont-email.me... >>> >>> >>> "Fran Farmer" <ask@maybeitwillbeforthcoming.com> wrote in message >>> news:n6o34n$h3t$1@dont-email.me... >>>> On 8/01/2016 6:06 PM, Truth and honesty wrote: >>>>> On Fri, 8 Jan 2016 17:56:42 +1100, Pelican wrote: >>>>> >>>>>> "Fran Farmer" <ask@maybeitwillbeforthcoming.com> wrote in message >>>>>> news:n6nlgs$r1p$4@dont-email.me... >>>>>>> On 8/01/2016 11:42 AM, Vote 99% Greens wrote: >>>>>>>> Posted on 29 Oct 2015 by Matt Ryan >>>>>>>> >>>>>>>> Dick Smith is the Greatest Private Equity Heist of All Time >>>>>>>> Want to know how to turn $10m in to $520m in less than two years? >>>>>>>> Just >>>>>>>> ask >>>>>>>> Anchorage Capital. The private equity group has pulled off one of >>>>>>>> the >>>>>>>> great >>>>>>>> heists of all time, using all the tricks in the book, to turn Dick >>>>>>>> Smith >>>>>>>> from a $10m piece of mutton into a $520m lamb. >>>>>>> >>>>>>> Thank you for a very interesting post. I'd heard part of that on >>>>>>> the >>>>>>> radio so it was fascinating to see more detail. >>>>>> >>>>>> Always good to see a new fiction writer emerging. >>>>> >>>>> >>>>> You are not wrong, its mainly fiction. >>>> >>>> So why is even Dick Smith commenting on the greed of the private eqity >>>> group owned it for 18 months and floated it for $400 million mroe than >>>> they bough it for? >>> >>> Where does greed come into it? >> >>Ripping $400M off investors, stupid. >> >>> If the story is true, >> >>It is. >> >>> what was Woolworths doing in selling an asset at a very substantial >>> discount? >> >>They got a lot more for it than it was worth, >>because those ripoff merchants needed that >>to rip that $400M off investors. >> >>>> If you think that's not a huge heist, can I join in your next bank >>>> robbery? >>> >>> The exercise was a standard asset-stripping exercise. >> >>No asset stripping whatever involved. >> >>> At this stage, there haven't been any suggestions that there is anything >>> untoward about what was done, >> >>BULLSHIT. >> >>> certainly no criminal offence like a bank robbery, >> >>Still white collar crime and a ripoff. >> >>> other than by those suffering from envy. >> >>Even sillier than you usually manage. >> >>> What no-one will be told as how much the tax-payer obtained. >> >>We'll see... They were with that other private equity heist. >> >>>>> http://www.applianceretailer.com.au/2013/07/lqynkbiver/#.Vo9foLND4Wm >>>>> >>>>> Woolworths confirmed that the "total proceeds from the sale of Dick >>>>> Smith" >>>>> were $94 million, including a $50 million payment on 28 June 2013 and >>>>> $24 >>>>> million in 12 monthly installments commencing July 2013. > The owners used creative accounting to fudge a pyramid profit (scheme) > results, There was no pyramid. > claiming profit when it made none, Yes. > and once enough debt was unable to be > repaid to creditors they made their move. There were no creditors that mattered. The problem was that no bank was going to finance their restocking after the utterly obscene result they got. > http://bit.ly/1kUra9J > Rule one in investing in IPO's DON'T if the likes of you > and me can buy them they are not worth buying, Even sillier than you usually manage. The first traunch of the Telstra float was fine. > if any good they are sold out before one can. > Wait for them to appear on market Only someone who didn't have a fucking clue did that with the first traunch of the telstra float.
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| From | Petzl <petzlx@gmail.com> |
|---|---|
| Date | 2016-01-09 21:24 +1100 |
| Message-ID | <ron19b144pfah54ncr2h7r0s0p6fhnn8un@4ax.com> |
| In reply to | #50126 |
On Sat, 9 Jan 2016 19:33:04 +1100, "Rod Speed" <rod.speed.aaa@gmail.com> wrote: >>>> What no-one will be told as how much the tax-payer obtained. >>> >>>We'll see... They were with that other private equity heist. >>> >>>>>> http://www.applianceretailer.com.au/2013/07/lqynkbiver/#.Vo9foLND4Wm >>>>>> >>>>>> Woolworths confirmed that the "total proceeds from the sale of Dick >>>>>> Smith" >>>>>> were $94 million, including a $50 million payment on 28 June 2013 and >>>>>> $24 >>>>>> million in 12 monthly installments commencing July 2013. > >> The owners used creative accounting to fudge a pyramid profit (scheme) >> results, > >There was no pyramid. > It was a revse pyramid selling down assetts claiming it was making profit >> claiming profit when it made none, > >Yes. > >> and once enough debt was unable to be >> repaid to creditors they made their move. > >There were no creditors that mattered. The problem >was that no bank was going to finance their restocking >after the utterly obscene result they got. > >> http://bit.ly/1kUra9J >> Rule one in investing in IPO's DON'T if the likes of you >> and me can buy them they are not worth buying, > >Even sillier than you usually manage. The first traunch >of the Telstra float was fine. > They were offered at $3.30 in 1997 and fell when listed >> if any good they are sold out before one can. >> Wait for them to appear on market > >Only someone who didn't have a fucking clue did >that with the first traunch of the telstra float. Suit ypurself not what I advise though. -- Petzl
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| From | "Rod Speed" <rod.speed.aaa@gmail.com> |
|---|---|
| Date | 2016-01-10 08:34 +1100 |
| Message-ID | <dfdcmeFj76iU1@mid.individual.net> |
| In reply to | #50130 |
Petzl <petzlx@gmail.com> wrote > Rod Speed <rod.speed.aaa@gmail.com> wrote >>>>> What no-one will be told as how much the tax-payer obtained. >>>> We'll see... They were with that other private equity heist. >>>>>>> http://www.applianceretailer.com.au/2013/07/lqynkbiver/#.Vo9foLND4Wm >>>>>>> Woolworths confirmed that the "total proceeds from the sale of Dick >>>>>>> Smith" >>>>>>> were $94 million, including a $50 million payment on 28 June 2013 >>>>>>> and >>>>>>> $24 million in 12 monthly installments commencing July 2013. >>> The owners used creative accounting to fudge a pyramid profit (scheme) >>> results, >> There was no pyramid. > It was a revse pyramid selling down assetts claiming it was making profit Selling unproductive bits isnt any pyramid at all. >>> claiming profit when it made none, >> Yes. >>> and once enough debt was unable to be >>> repaid to creditors they made their move. >> There were no creditors that mattered. The problem >> was that no bank was going to finance their restocking >> after the utterly obscene result they got. >>> http://bit.ly/1kUra9J >>> Rule one in investing in IPO's DON'T if the likes of you >>> and me can buy them they are not worth buying, >> Even sillier than you usually manage. >> The first traunch of the Telstra float was fine. > They were offered at $3.30 in 1997 and fell when listed But went on to do very well for those who signed up for that IPO. >>> if any good they are sold out before one can. >>> Wait for them to appear on market >> Only someone who didn't have a fucking clue did >> that with the first traunch of the telstra float. > Suit ypurself not what I advise though. I don't believe that there is any blanket rule that always works.
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| From | Petzl <petzlx@gmail.com> |
|---|---|
| Date | 2016-01-10 10:13 +1100 |
| Message-ID | <tb439b9gc9i4avmmt4rfjmpmdlc7naug86@4ax.com> |
| In reply to | #50140 |
On Sun, 10 Jan 2016 08:34:01 +1100, "Rod Speed" <rod.speed.aaa@gmail.com> wrote: >Petzl <petzlx@gmail.com> wrote >> Rod Speed <rod.speed.aaa@gmail.com> wrote > >>>>>> What no-one will be told as how much the tax-payer obtained. > >>>>> We'll see... They were with that other private equity heist. > >>>>>>>> http://www.applianceretailer.com.au/2013/07/lqynkbiver/#.Vo9foLND4Wm > >>>>>>>> Woolworths confirmed that the "total proceeds from the sale of Dick >>>>>>>> Smith" >>>>>>>> were $94 million, including a $50 million payment on 28 June 2013 >>>>>>>> and >>>>>>>> $24 million in 12 monthly installments commencing July 2013. > >>>> The owners used creative accounting to fudge a pyramid profit (scheme) >>>> results, > >>> There was no pyramid. > >> It was a revse pyramid selling down assetts claiming it was making profit > >Selling unproductive bits isnt any pyramid at all. > >>>> claiming profit when it made none, > >>> Yes. > >>>> and once enough debt was unable to be >>>> repaid to creditors they made their move. > >>> There were no creditors that mattered. The problem >>> was that no bank was going to finance their restocking >>> after the utterly obscene result they got. > >>>> http://bit.ly/1kUra9J >>>> Rule one in investing in IPO's DON'T if the likes of you >>>> and me can buy them they are not worth buying, > >>> Even sillier than you usually manage. >>> The first traunch of the Telstra float was fine. > >> They were offered at $3.30 in 1997 and fell when listed > >But went on to do very well for those who signed up for that IPO. > After the government aresholed "Ziggy" Switkowsky the shares started to turn >>>> if any good they are sold out before one can. >>>> Wait for them to appear on market > >>> Only someone who didn't have a fucking clue did >>> that with the first traunch of the telstra float. > >> Suit yourself not what I advise though. > >I don't believe that there is any blanket rule that always works. Seems to apply over 90% of the time. -- Petzl
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| From | "Rod Speed" <rod.speed.aaa@gmail.com> |
|---|---|
| Date | 2016-01-10 15:34 +1100 |
| Message-ID | <dfe5aoFopt0U1@mid.individual.net> |
| In reply to | #50145 |
Petzl <petzlx@gmail.com> wrote > Rod Speed <rod.speed.aaa@gmail.com> wrote >> Petzl <petzlx@gmail.com> wrote >>> Rod Speed <rod.speed.aaa@gmail.com> wrote >>>>>>> What no-one will be told as how much the tax-payer obtained. >>>>>> We'll see... They were with that other private equity heist. >>>>>>>>> http://www.applianceretailer.com.au/2013/07/lqynkbiver/#.Vo9foLND4Wm >>>>>>>>> Woolworths confirmed that the "total proceeds from the sale of >>>>>>>>> Dick Smith" >>>>>>>>> were $94 million, including a $50 million payment on 28 June 2013 >>>>>>>>> and $24 million in 12 monthly installments commencing July 2013. >>>>> The owners used creative accounting to fudge a pyramid profit (scheme) >>>>> results, >>>> There was no pyramid. >>> It was a revse pyramid selling down assetts claiming it was making >>> profit >> Selling unproductive bits isnt any pyramid at all. >>>>> claiming profit when it made none, >>>> Yes. >>>>> and once enough debt was unable to be >>>>> repaid to creditors they made their move. >>>> There were no creditors that mattered. The problem >>>> was that no bank was going to finance their restocking >>>> after the utterly obscene result they got. >>>>> http://bit.ly/1kUra9J >>>>> Rule one in investing in IPO's DON'T if the likes of you >>>>> and me can buy them they are not worth buying, >>>> Even sillier than you usually manage. >>>> The first traunch of the Telstra float was fine. >>> They were offered at $3.30 in 1997 and fell when listed >> But went on to do very well for those who signed up for that IPO. > After the government aresholed "Ziggy" Switkowsky the shares started to > turn Nothing to do with him, and you've mangled that dates wise too. >>>>> if any good they are sold out before one can. >>>>> Wait for them to appear on market >>>> Only someone who didn't have a fucking clue did >>>> that with the first traunch of the telstra float. >>> Suit yourself not what I advise though. >> I don't believe that there is any blanket rule that always works. > Seems to apply over 90% of the time. Like hell it does.
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| From | Petzl <petzlx@gmail.com> |
|---|---|
| Date | 2016-01-10 15:59 +1100 |
| Message-ID | <i1p39bl22afco3rfc6giifqltrl4qqqmtd@4ax.com> |
| In reply to | #50151 |
On Sun, 10 Jan 2016 15:34:26 +1100, "Rod Speed" <rod.speed.aaa@gmail.com> wrote: >Petzl <petzlx@gmail.com> wrote >> Rod Speed <rod.speed.aaa@gmail.com> wrote >>> Petzl <petzlx@gmail.com> wrote >>>> Rod Speed <rod.speed.aaa@gmail.com> wrote > >>>>>>>> What no-one will be told as how much the tax-payer obtained. > >>>>>>> We'll see... They were with that other private equity heist. > >>>>>>>>>> http://www.applianceretailer.com.au/2013/07/lqynkbiver/#.Vo9foLND4Wm > >>>>>>>>>> Woolworths confirmed that the "total proceeds from the sale of >>>>>>>>>> Dick Smith" >>>>>>>>>> were $94 million, including a $50 million payment on 28 June 2013 >>>>>>>>>> and $24 million in 12 monthly installments commencing July 2013. > >>>>>> The owners used creative accounting to fudge a pyramid profit (scheme) >>>>>> results, > >>>>> There was no pyramid. > >>>> It was a revse pyramid selling down assetts claiming it was making >>>> profit > >>> Selling unproductive bits isnt any pyramid at all. > >>>>>> claiming profit when it made none, > >>>>> Yes. > >>>>>> and once enough debt was unable to be >>>>>> repaid to creditors they made their move. > >>>>> There were no creditors that mattered. The problem >>>>> was that no bank was going to finance their restocking >>>>> after the utterly obscene result they got. > >>>>>> http://bit.ly/1kUra9J >>>>>> Rule one in investing in IPO's DON'T if the likes of you >>>>>> and me can buy them they are not worth buying, > >>>>> Even sillier than you usually manage. >>>>> The first traunch of the Telstra float was fine. > >>>> They were offered at $3.30 in 1997 and fell when listed > >>> But went on to do very well for those who signed up for that IPO. > >> After the government aresholed "Ziggy" Switkowsky the shares started to >> turn > >Nothing to do with him, and you've mangled that dates wise too. > It was (1999) Then came Solomon Trujillo share price didn't fare much better till David Thodey took charge >>>>>> if any good they are sold out before one can. >>>>>> Wait for them to appear on market > >>>>> Only someone who didn't have a fucking clue did >>>>> that with the first traunch of the telstra float. > >>>> Suit yourself not what I advise though. > >>> I don't believe that there is any blanket rule that always works. > >> Seems to apply over 90% of the time. > >Like hell it does. Your money your descision. -- Petzl
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| From | "Rod Speed" <rod.speed.aaa@gmail.com> |
|---|---|
| Date | 2016-01-10 17:05 +1100 |
| Message-ID | <dfeakrFptqoU1@mid.individual.net> |
| In reply to | #50155 |
Petzl <petzlx@gmail.com> wrote > Rod Speed <rod.speed.aaa@gmail.com> wrote >> Petzl <petzlx@gmail.com> wrote >>> Rod Speed <rod.speed.aaa@gmail.com> wrote >>>> Petzl <petzlx@gmail.com> wrote >>>>> Rod Speed <rod.speed.aaa@gmail.com> wrote >>>>>>>>> What no-one will be told as how much the tax-payer obtained. >>>>>>>> We'll see... They were with that other private equity heist. >>>>>>>>>>> http://www.applianceretailer.com.au/2013/07/lqynkbiver/#.Vo9foLND4Wm >>>>>>>>>>> Woolworths confirmed that the "total proceeds from the sale of >>>>>>>>>>> Dick >>>>>>>>>>> Smith" were $94 million, including a $50 million payment on 28 >>>>>>>>>>> June >>>>>>>>>>> 2013 and $24 million in 12 monthly installments commencing July >>>>>>>>>>> 2013. >>>>>>> The owners used creative accounting to fudge a pyramid profit >>>>>>> (scheme) results, >>>>>> There was no pyramid. >>>>> It was a revse pyramid selling down assetts claiming it was making >>>>> profit >>>> Selling unproductive bits isnt any pyramid at all. >>>>>>> claiming profit when it made none, >>>>>> Yes. >>>>>>> and once enough debt was unable to be >>>>>>> repaid to creditors they made their move. >>>>>> There were no creditors that mattered. The problem >>>>>> was that no bank was going to finance their restocking >>>>>> after the utterly obscene result they got. >>>>>>> http://bit.ly/1kUra9J >>>>>>> Rule one in investing in IPO's DON'T if the likes of you >>>>>>> and me can buy them they are not worth buying, >>>>>> Even sillier than you usually manage. >>>>>> The first traunch of the Telstra float was fine. >>>>> They were offered at $3.30 in 1997 and fell when listed >>>> But went on to do very well for those who signed up for that IPO. >>> After the government aresholed "Ziggy" >>> Switkowsky the shares started to turn >> Nothing to do with him, and you've mangled that dates wise too. > It was (1999) That wasn't when those who had bought them in the first traunch started to do well with tho. > Then came Solomon Trujillo share price didn't fare much better They did fine for those who had bought them in the first traunch. > till David Thodey took charge Basically by paying an insane dividend that had to be paid for by borrowing to fund that which made it quite attractive for those who needed a decent dividend rate. >>>>>>> if any good they are sold out before one can. >>>>>>> Wait for them to appear on market >>>>>> Only someone who didn't have a fucking clue did >>>>>> that with the first traunch of the telstra float. >>>>> Suit yourself not what I advise though. >>>> I don't believe that there is any blanket rule that always works. >>> Seems to apply over 90% of the time. >> Like hell it does. > Your money your descision. Indeed it is with both.
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| From | "Rod Speed" <rod.speed.aaa@gmail.com> |
|---|---|
| Date | 2016-01-09 16:29 +1100 |
| Message-ID | <dfbk6iF4t1pU1@mid.individual.net> |
| In reply to | #50053 |
"Truth and honesty" <TruthandHonesty@bluetooth.com.au> wrote in message news:1dri1yweok470$.1agjyq9e07269$.dlg@40tude.net... > On Fri, 8 Jan 2016 17:56:42 +1100, Pelican wrote: > >> "Fran Farmer" <ask@maybeitwillbeforthcoming.com> wrote in message >> news:n6nlgs$r1p$4@dont-email.me... >>> On 8/01/2016 11:42 AM, Vote 99% Greens wrote: >>>> Posted on 29 Oct 2015 by Matt Ryan >>>> >>>> Dick Smith is the Greatest Private Equity Heist of All Time >>>> Want to know how to turn $10m in to $520m in less than two years? Just >>>> ask >>>> Anchorage Capital. The private equity group has pulled off one of the >>>> great >>>> heists of all time, using all the tricks in the book, to turn Dick >>>> Smith >>>> from a $10m piece of mutton into a $520m lamb. >>> >>> Thank you for a very interesting post. I'd heard part of that on the >>> radio so it was fascinating to see more detail. >> >> Always good to see a new fiction writer emerging. > > > You are not wrong, its mainly fiction. > > http://www.applianceretailer.com.au/2013/07/lqynkbiver/#.Vo9foLND4Wm > > Woolworths confirmed that the “total proceeds from the sale of Dick Smith” > were $94 million, including a $50 million payment on 28 June 2013 and $24 > million in 12 monthly installments commencing July 2013. Still a fucking great ripoff of the investors. Even if they did pay $95M, they got $520M in the float, a fucking great ripoff of the investors.
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| From | "Pelican" <water-birds@sea.somewhere.org.ir> |
|---|---|
| Date | 2016-01-09 16:36 +1100 |
| Message-ID | <n6q642$sms$1@dont-email.me> |
| In reply to | #50087 |
"Rod Speed" <rod.speed.aaa@gmail.com> wrote in message news:dfbk6iF4t1pU1@mid.individual.net... > > > "Truth and honesty" <TruthandHonesty@bluetooth.com.au> wrote in message > news:1dri1yweok470$.1agjyq9e07269$.dlg@40tude.net... >> On Fri, 8 Jan 2016 17:56:42 +1100, Pelican wrote: >> >>> "Fran Farmer" <ask@maybeitwillbeforthcoming.com> wrote in message >>> news:n6nlgs$r1p$4@dont-email.me... >>>> On 8/01/2016 11:42 AM, Vote 99% Greens wrote: >>>>> Posted on 29 Oct 2015 by Matt Ryan >>>>> >>>>> Dick Smith is the Greatest Private Equity Heist of All Time >>>>> Want to know how to turn $10m in to $520m in less than two years? Just >>>>> ask >>>>> Anchorage Capital. The private equity group has pulled off one of the >>>>> great >>>>> heists of all time, using all the tricks in the book, to turn Dick >>>>> Smith >>>>> from a $10m piece of mutton into a $520m lamb. >>>> >>>> Thank you for a very interesting post. I'd heard part of that on the >>>> radio so it was fascinating to see more detail. >>> >>> Always good to see a new fiction writer emerging. >> >> >> You are not wrong, its mainly fiction. >> >> http://www.applianceretailer.com.au/2013/07/lqynkbiver/#.Vo9foLND4Wm >> >> Woolworths confirmed that the “total proceeds from the sale of Dick >> Smith” >> were $94 million, including a $50 million payment on 28 June 2013 and $24 >> million in 12 monthly installments commencing July 2013. > > Still a fucking great ripoff of the investors. Even if they did pay $95M, > they got $520M in the float, a fucking great ripoff of the investors. The main party losing was Woolworths, but no-one cares about them. The investors should have known what was likely to happen, and they took the risk of investing. It's not as if asset-stripping by investment bankers is something new. If public deal was unfair/unreasonable, they have a remedy.
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| From | "Rod Speed" <rod.speed.aaa@gmail.com> |
|---|---|
| Date | 2016-01-09 16:45 +1100 |
| Message-ID | <dfbl36F5376U1@mid.individual.net> |
| In reply to | #50088 |
"Pelican" <water-birds@sea.somewhere.org.ir> wrote in message news:n6q642$sms$1@dont-email.me... > > > "Rod Speed" <rod.speed.aaa@gmail.com> wrote in message > news:dfbk6iF4t1pU1@mid.individual.net... >> >> >> "Truth and honesty" <TruthandHonesty@bluetooth.com.au> wrote in message >> news:1dri1yweok470$.1agjyq9e07269$.dlg@40tude.net... >>> On Fri, 8 Jan 2016 17:56:42 +1100, Pelican wrote: >>> >>>> "Fran Farmer" <ask@maybeitwillbeforthcoming.com> wrote in message >>>> news:n6nlgs$r1p$4@dont-email.me... >>>>> On 8/01/2016 11:42 AM, Vote 99% Greens wrote: >>>>>> Posted on 29 Oct 2015 by Matt Ryan >>>>>> >>>>>> Dick Smith is the Greatest Private Equity Heist of All Time >>>>>> Want to know how to turn $10m in to $520m in less than two years? >>>>>> Just >>>>>> ask >>>>>> Anchorage Capital. The private equity group has pulled off one of the >>>>>> great >>>>>> heists of all time, using all the tricks in the book, to turn Dick >>>>>> Smith >>>>>> from a $10m piece of mutton into a $520m lamb. >>>>> >>>>> Thank you for a very interesting post. I'd heard part of that on the >>>>> radio so it was fascinating to see more detail. >>>> >>>> Always good to see a new fiction writer emerging. >>> >>> >>> You are not wrong, its mainly fiction. >>> >>> http://www.applianceretailer.com.au/2013/07/lqynkbiver/#.Vo9foLND4Wm >>> >>> Woolworths confirmed that the “total proceeds from the sale of Dick >>> Smith” >>> were $94 million, including a $50 million payment on 28 June 2013 and >>> $24 >>> million in 12 monthly installments commencing July 2013. >> >> Still a fucking great ripoff of the investors. Even if they did pay $95M, >> they got $520M in the float, a fucking great ripoff of the investors. > > The main party losing was Woolworths, Bullshit, they got $95 for that steaming turd that was never going to be viable. > but no-one cares about them. The woolys shareholders do. > The investors should have known what was likely to happen, Easy to claim after the event. > and they took the risk of investing. It's not as if asset- > stripping by investment bankers is something new. It wasn’t asset stripping. > If public deal was unfair/unreasonable, they have a remedy. Like hell they do.
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| From | "Pelican" <water-birds@sea.somewhere.org.ir> |
|---|---|
| Date | 2016-01-09 17:48 +1100 |
| Message-ID | <n6qaah$6p9$1@dont-email.me> |
| In reply to | #50092 |
"Rod Speed" <rod.speed.aaa@gmail.com> wrote in message news:dfbl36F5376U1@mid.individual.net... > > > "Pelican" <water-birds@sea.somewhere.org.ir> wrote in message > news:n6q642$sms$1@dont-email.me... >> >> >> "Rod Speed" <rod.speed.aaa@gmail.com> wrote in message >> news:dfbk6iF4t1pU1@mid.individual.net... >>> >>> >>> "Truth and honesty" <TruthandHonesty@bluetooth.com.au> wrote in message >>> news:1dri1yweok470$.1agjyq9e07269$.dlg@40tude.net... >>>> On Fri, 8 Jan 2016 17:56:42 +1100, Pelican wrote: >>>> >>>>> "Fran Farmer" <ask@maybeitwillbeforthcoming.com> wrote in message >>>>> news:n6nlgs$r1p$4@dont-email.me... >>>>>> On 8/01/2016 11:42 AM, Vote 99% Greens wrote: >>>>>>> Posted on 29 Oct 2015 by Matt Ryan >>>>>>> >>>>>>> Dick Smith is the Greatest Private Equity Heist of All Time >>>>>>> Want to know how to turn $10m in to $520m in less than two years? >>>>>>> Just >>>>>>> ask >>>>>>> Anchorage Capital. The private equity group has pulled off one of >>>>>>> the >>>>>>> great >>>>>>> heists of all time, using all the tricks in the book, to turn Dick >>>>>>> Smith >>>>>>> from a $10m piece of mutton into a $520m lamb. >>>>>> >>>>>> Thank you for a very interesting post. I'd heard part of that on the >>>>>> radio so it was fascinating to see more detail. >>>>> >>>>> Always good to see a new fiction writer emerging. >>>> >>>> >>>> You are not wrong, its mainly fiction. >>>> >>>> http://www.applianceretailer.com.au/2013/07/lqynkbiver/#.Vo9foLND4Wm >>>> >>>> Woolworths confirmed that the “total proceeds from the sale of Dick >>>> Smith” >>>> were $94 million, including a $50 million payment on 28 June 2013 and >>>> $24 >>>> million in 12 monthly installments commencing July 2013. >>> >>> Still a fucking great ripoff of the investors. Even if they did pay >>> $95M, >>> they got $520M in the float, a fucking great ripoff of the investors. >> >> The main party losing was Woolworths, > > Bullshit, they got $95 for that steaming turd that was never going to be > viable. > >> but no-one cares about them. > > The woolys shareholders do. > >> The investors should have known what was likely to happen, > > Easy to claim after the event. > >> and they took the risk of investing. It's not as if asset- >> stripping by investment bankers is something new. > > It wasn’t asset stripping. > >> If public deal was unfair/unreasonable, they have a remedy. > > Like hell they do. They can whine.
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