All posts by Marishka Ixito
| Jun 24th 2011, 05:08 Marishka Ixito |
Capital Exchange Archive » SLG : SLG SPO for 650K Shares at 1.5L$/Share Re: SLG SPO for 650K Shares at 1.5L$/Share Edited by moderator Jun 24th 2011, 05:10 |
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| I think that for the sake of transparency there should be a requirement for all new IPO's and SPO's for the company and the exchange to agree upon and state upfront what minimum part of it needs to be signed in on for the company and the exchange to honour the result. In my view for this particular SPO no minimum would need to be stipulated, because of the stated purpose. For IPO's that's a little different of course because of liquidity concerns and because the stated purpose for such IPO might be inachievable if it doesn't attract a minimum investment. kind regards, Marishka |
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| Jun 24th 2011, 07:21 Marishka Ixito |
Capital Exchange Archive » BSC : Value of this IPO? Edited by moderator Jun 24th 2011, 07:21 |
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| I may be very new to investing in stocks at the Capex, but I am not at all new to investments in general. I must therefore voice my serious doubts about the value of the proposition made with this IPO. Basically, my conclusion is that what is offered to prospective investors is around a 30% share of the profits made, while being asked to take on almost 70% of the risk, and getting only 45% of the shareholder votes. Could it still work out to be a great deal? Yes of course, if Mr. Lehman proves to be the investors wet dream arbitrager it could all work out ok, more so for Mr. Lehman himself of course, but in that case everybody will be happy. In all other cases though, the only person having mitigated his risks solidly will be Mr Lehman, who will make more than twice his expected return compared to doing the same thing with just his own 2 million, and in case of a drop in value, won't be out of any money unless the stockprice drops below 0,35 kind regards, Marishka |
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| Jun 24th 2011, 07:27 Marishka Ixito |
Capital Exchange Archive » SLG : SLG SPO for 650K Shares at 1.5L$/Share Re: SLG SPO for 650K Shares at 1.5L$/Share Edited by moderator Jun 24th 2011, 07:28 |
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| It all depends on the stated purpose for the funds collected in my view Skip. If there is a clear stated project that requires a sum of xxx and cannot be realized even in a modest form for less than xxx minus yyy, than I would expect that amount (xxx minus yyy) to be stipulated as the minimum, even for an SPO. Of course that doesn't apply here. kind regards, Marishka |
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| Jul 3rd 2011, 06:05 Marishka Ixito |
Capital Exchange Archive » SLG : SLG: Dividend and profit status Information Re: SLG: Dividend and profit status Information |
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| hello Pradeep, Your dividend calculation per share is off one decimal for dividend no.27. Obviously, 58000L$ divided by the number of shares is 0.043L$ per share, not 0.0043L$. kind regards, Marishka |
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| Aug 8th 2011, 12:54 Marishka Ixito |
Secondnights.com » News Story: Secondnights IPO Agreements and Offers Re: News Story: Secondnights IPO Agreements and Offers |
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| Never mind me, because I am not a shareholder in this company, but, two things: 1. You've just started and already you're breaking your promised dividend policy. 2. Handing out a "dividend" while no money has been earned in effect means giving yourself 55% of the 100000L that was just put up by investors in your company. Not a smart way to instill trust among your investors, as is apparent from people already offering their stock below IPO price. kind regards, Marishka |
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| Aug 12th 2011, 01:46 Marishka Ixito |
Advanced Avatar Solutions » GAP financials July GAP financials July |
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| quoted from the financial reporting thread: Jul 21st, 15:06 Bobkin Graves ...... Financials for July will be submitted August 5th. ...... /me looks at the calendar, and notices that unkept promises wreck havoc for the shareholders, apparently someone's been selling at 0.43L, down 55% from previous close, with the next available bid down to 0.35 before the exchange halting mechanism kicked in. Not good CEO's should be very careful with making promises, and when they do, keep them. kind regards, Marishka |
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| Aug 13th 2011, 04:36 Marishka Ixito |
Second Ads » News Story: ADS stock split - shareholders (forum) voting Re: News Story: ADS stock split - shareholders (forum) voting |
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| name: Marishka Ixito I vote in favour of the split, 19.976 shares. If a 3:1 split is preferred though, you could do a 25 for 8 split, that's pretty close and the system would allow that (do a 5:1 twice, then a 1:2 three times and you get 25 for 8) , or 3.125 new shares for an old one. The fractions resulting from people not holding multiples of 8 shares could be destroyed. |
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| Aug 13th 2011, 19:11 Marishka Ixito |
General Investment Discussion » Should companies in Sl behave differently with regards to financing of growth Should companies in Sl behave differently with regards to financing of growth |
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| Up for discussion: I think nobody would debate that outside of the virtual world, companies seek to maximize shareholder return as a long term goal, no ifs or buts about it. Maximizing shareholder return comes in two ways: building shareholder equity and, when a company reaches maturity, pay reasonable dividends. As a result of this goal, growth of a company is financed where possible from revenue, and diluting shareholder equity with an SPO is considered only when revenue falls short to finance the envisaged expansion. Now compare the policies of some companies with a listing at Capex, that often donot publish anything resembling a balance sheet or even a cashflow statement at all, which seems to suggest those companies either aren't concerned with building shareholder equity, or with informing their shareholders about the result of such efforts. Of course, for companies in virtual worlds like this one, true ownership of company assets for shareholders doesn't exist, except for the person/shareholder holding those assets (usually the CEO). From this perspective, paying regular dividends and making exceptional efforts to keep shareholders well informed are both prime instruments to instill trust among present and prospective investors. Now, should this emphasis on regular dividend payments preclude financing company growth from internal sources? I think not, for several reasons. 1. Relying on SPO's to finance growth effectively means that share valuation will be based solely on expected dividends, and not on rewards for investors in terms of capital growth. Shares on Capex for such companies would look more like holding variable intrest subordinated bonds from a company than holding shares. 2. Perceived unwillingness to invest company revenue in growth does not only reflect on outside shareholders, it also reflects on those holding the majority of the shares, i.e on the CEO. A CEO promoting an SPO instead of retained earnings to finance growth also shows his own unwillingness to reinvest his dividend income. Such unwillingness from the CEO/majority stakeholder either shows poor confidence in his own growthplans, or greed (especially when "free" ownershares are created from the SPO ). Of course, there can be circumstances where an SPO is still a good instrument to acquire additional capital, but in my view only AFTER exhausting the possibilies for internal financing. As an aside, I would like to plead for sanctions from Capex for companies not reporting according to standard, meaning an income statement, cashflow statement and balance sheet, preferably monthly, but quarterly acceptable, and on time. Without all three those statements shareholder capital might as well have been used for things that belong in the income statement, thereby inflating profit (and yes I know nothing here gets certified by accountants, but still). Feedback please :) kind regards, Marishka Ixito |
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| Aug 14th 2011, 19:35 Marishka Ixito |
Digital Mining Company » Dividend Policy Re: Dividend Policy |
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| quote from Sekioh: >> My initial thought was to go: risk-reward (100+% of IPO) until we run it dry (cost of electric > earnings), then ask for SPO for more risk before the cycle repeats to over the SPO in reward.<< Never mind me, because I'm not a shareholder in DMC, but, in my view the above reasoning is flawed, because the "run it dry" scenario means at that time the shares (from the IPO) are worth only the resale value of the hardware that was bought for the capital collected in the IPO. To do an SPO at that time would require very carefully balancing the price at which to offer the SPO shares, to avoid SPO buyers subsidizing future income for the old shareholders. Might be better to wrap up the company at that stage (sell hardware, make a final dividend payment from the proceeds and start anew with DMC2. It should be prettty obvious that in the case of DMC there's no case to be made for any extra's for "early investors" kind regards, Marishka Ixito |
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| Aug 14th 2011, 20:01 Marishka Ixito |
General Investment Discussion » Should companies in Sl behave differently with regards to financing of growth Re: Should companies in Sl behave differently with regards to financing of growt |
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| quote from Sekioh: >> I have a very itchy feeling this is all about DMC! << To be honest, I had no clue there was a discussion about a DMC SPO when I started this thread. But even if I had, there's a reason there's no company name(s) mentioned in my original post. This thread isn't about any company, it's not aimed at anyone, it is meant to promote discussion about an important subject, to get people to think about how the renewed success of Capex can be sustained and improved. To humour you, I have meanwhile reacted in the SPO thread for DMC, but that has no link whatsoever to the discussion here. kind regards, Marishka Ixito |
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| Aug 16th 2011, 23:52 Marishka Ixito |
Capital Exchange Suggestions » Grid Wide Industrial Index Re: Grid Wide Industrial Index Edited by moderator Aug 16th 2011, 23:53 |
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| Skip, I think the exchange does need indexes, and although I agree it's early days for seperate industry indexes, it shouldn't be too hard to make those also, even if some might include just one or a few stocks right now. For the sake of keeping things simple and transparent it might be best to make changes to the index (inclusion of new stocks, reweighting) only once a month, while the indexes should be absolutely and completely transparent, i.e. composition and weighting must be public information. In my view it'd be best to start with two, one of which is so simple it could/should be created "tomorrow": a market cap index. Whether that should be overall market cap or free float market cap is up for debate, but distortion might be less of an issue if you go with free float. The other is an overall index that includes all traded stocks. As for weighting the stocks in this overall index I would suggest a mix of free float market cap and a measure of liquidity (bid-ask spread and trade volume). As long as the composition of the index is transparent it doesn't really matter all that much how stocks are weighted, but for the sake of "funds" wanting to mirror or beat the index, market liquidity is an issue. kind regards, Marishka |
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| Aug 20th 2011, 01:09 Marishka Ixito |
General Investment Discussion » Coming Soon: Capital Exchange Trading Index (CETI) and Upgrades Re: Coming Soon: Capital Exchange Trading Index &#40;CETI&#41; a |
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| Skip: Can you clarify how delisting a company will affect the index? Also, what will the starting date for the index be? Date of implementation, or will you calculate an index value based on a historical start? |
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| Aug 20th 2011, 14:16 Marishka Ixito |
Second Ads » News Story: ADS already with record profit in August (7th month in a row) Re: News Story: ADS already with record profit in August &#40;7th month Edited by moderator Aug 20th 2011, 14:32 |
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| Well done ADS team! Looks like a dividend for August of 0.20 L per share (before the stocksplit) is in the cards (600k / 3mln shares). Even without any further profit growth that profitlevel would translate to a dividend yould of 3.7% for August, or almost 45% p.a., based on today's last trading price of 5.35 L. After the stocksplit and SPO there would be 22.5 million shares, if Wili's projection of 1 mln profits within a few months holds true, that would still represent a dividend yield of almost 20% p.a.at a share price of 3L (after split and spo). Seems to me that makes the shares look rather cheap at this point. kind regards, Marishka |
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| Aug 20th 2011, 16:22 Marishka Ixito |
CapEx Delta Stock Fund » stock holdings DSF stock holdings DSF |
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| Since no information has been posted with regard to the DSF stockholdings, according to what I could find this is what has been bought sofar: last price shares value APT 1.37 * 48000 * no shares acquired yet DDE 0.40 129858 51943.2 DMC 1.28 32000 40960 EVO 1.52 41379 62896.08 GDI 4.58 8000 36640 PLK 0.67 100000 67000 SAS 1.01 60000 60600 total value 368038.6 value per share 0.263 kind regards, Marishka |
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| Aug 20th 2011, 16:52 Marishka Ixito |
Second Ads » News Story: ADS already with record profit in August (7th month in a row) Re: News Story: ADS already with record profit in August (7th month in a row |
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| I apologize if my post seemed excited, I merely intended to compliment ADS on their performance, and give a factual explanation of the numbers mentioned in relation to the shareprice and split/spo. As for (profit) numbers being off, they're not mine, but Wili's, and he uses revenue (your gross profit) in his first sentence, then proceeds to use profit when he talks about the 600k. I don't see how that could be pre expenses. Kind regards, Marishka |
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| Aug 21st 2011, 12:03 Marishka Ixito |
CapEx Delta Stock Fund » stock holdings DSF Re: stock holdings DSF |
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| Based on actual shareprices, DSF has a value of 408,188 L, or 0.29L per share. I would advise sellers to think again about offering shares below that price. kind regards, Marishka |
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| Aug 21st 2011, 13:06 Marishka Ixito |
L&L Corporation Inc. » News Story: Mining Rig Up and Running Re: News Story: Mining Rig Up and Running |
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| Lindsay, It's just a question, but do you feel it is ethical to run a java bitcoinminer on the computer of non suspecting visitors to your website? Isn't it basically profiting from driving up their cpu use (and thus power usage) without asking permission? kind regards, Marishka |
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| Aug 22nd 2011, 16:37 Marishka Ixito |
Marix Group » IPO Application Submitted - Marix Group (MRG) Re: IPO Application Submitted &#45; Marix Group &#40;MRG& |
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| Hello everybody, I am Marishka Ixito, and I am the owner and CEO of Marix Group. I have worked hard at creating a viable and growing company, with great potential for further growth, for the benefit of all future shareholders. If you haven't heard of Marix rentals I invite you to come take a look at the office / rental shop at the location mentioned above, and have a look at a few of the properties we rent, so you get a better idea of what you'd be investing your money in. While many rental agencies are struggling to keep their occupancy rate above break even, not so for our rentals. Quite the opposite, at an average occupancy rate of over 80% we do very well. Anyway, I will be happy to answer any question you may have about the company. kind regards, Marishka Ixito |
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| Aug 23rd 2011, 01:23 Marishka Ixito |
Advanced Avatar Solutions » News Story: New Beginning for GAP Re: News Story: New Beginning for GAP |
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| Bobkin, We don't know each other at all, but I truely feel for you. These are the moments you realize how important your health is. Don't worry about your SL-company, a. it's unimportant compared to what you're going through, and b. I am sure it'll be in good hands. Wishing you a speedy recovery, kind regards, Marishka Ixito |
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| Aug 23rd 2011, 04:39 Marishka Ixito |
Marix Group » IPO Application Submitted - Marix Group (MRG) Re: IPO Application Submitted &#45; Marix Group &#40;MRG& |
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| Creating a website is not high on the priority list Edwardi; I feel the added value of having a website for my company is fairly minimal at this stage. When people look for a rental home in SL, they mainly use In-world search and the Marketplace I think, apart from recommendations from their friends. kind regards, Marishka |
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| Aug 24th 2011, 01:22 Marishka Ixito |
Capital Exchange Archive » GMC : IPO Application Submitted - Gold Mountain Capital (GMC) Re: IPO Application Submitted &#45; Gold Mountain Capital &#40;G |
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| I should have known the CEO of a company with the GMC acronym could only be located in Pittsburgh :P Kidding aside though, wish you all the best with your IPO, looks like you have a solid approach to build a portfolio. kind regards, Marishka |
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| Aug 30th 2011, 08:03 Marishka Ixito |
Nestler Investments Corporation » Oh Oh Oh Re: Oh Oh Oh |
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| Uli, there's not two persons with a large enough stake in NIC, there's only one. I think it'll possibly go down all the way to 0.45-0.50 per share before you'll see some resistance. IEF is trading around its true value meanwhile, possibly a little undervalued at this stage. |
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| Aug 31st 2011, 19:45 Marishka Ixito |
Second Ads » SPO question Re: SPO question |
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| Casera, you misunderstand things I'm afraid. If Wili would just sell 1.8 million of his personal shares, there would be no dilution at all. That was never the plan though. The plan is to issue 1.8 million new shares (not sell existing ones), making the new total (before split) 4.8 million shares. After the split there will be 4.8x5=24 million shares. What is important though is for which month the new shares will first have a right to a dividend. If the SPO runs as scheduled from the 15th of september, it would seems fair to me that the new shares have a right to dividend from October, so they donot get a dividend over september. However, I am unsure what the Capex systems can and cannot handle as far as dividend distribution goes. Wili's announcement for the August dividend to be paid no later than October 5 may well cause a problem if the shares from the SPO are distributed before the pay date. Maybe Skip or HamnCheese can clarify that. kind regards, Marishka |
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| Aug 31st 2011, 19:59 Marishka Ixito |
Second Ads » News Story: ADS already with record profit in August (7th month in a row) Re: News Story: ADS already with record profit in August (7th month in a row |
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| Hmm, isn't 600K a lot closer to 598 than 458? Sorry, couldn't resist Legolas :) kind regards, Marishka |
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| Aug 31st 2011, 20:06 Marishka Ixito |
Second Ads » News Story: ADS August Financial Report Re: News Story: ADS August Financial Report |
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| err, what was a typo and how was it fixed? kind regards, Marishka |
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| Aug 31st 2011, 20:09 Marishka Ixito |
Second Ads » News Story: ADS August Financial Report Re: News Story: ADS August Financial Report |
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| not sure who's typing for secondads Resident, but Wili's announcement reads that the dividend will be paid no later than October 5, how is that "in next 5 days as stated" ? kind regards, Marishka |
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| Sep 1st 2011, 12:00 Marishka Ixito |
Marix Group » August Financials MRG August Financials MRG Edited by moderator Sep 1st 2011, 12:17 |
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| rental units 76 land (sq meters) 135,072 revenue 165,862 costs 98,557 profit 67,305 margin 68.3% tangible equity 531,465 intangibles 2,270,000 total Equity 2,801,465 ROI 2,3% ROI cumulative (12 months) 25,7% Cash on hand 121,636 Investment Portfolio 159,222 Monthly Investment Returns 13,0% Cum. Inv. Returns (TWR) (3 months) 22,2% August has been an excellent month for MRG, our rentals have seen good occupancy rates, consistently above 80%. On the basis of the proposed IPO the resulting dividend for this month would come to 1.2%, or 14.8% annualized. The plan for September is to add at least 10 more rental units. With people returning from their summer holidays the expectations are to get our occupancy rates even higher, thereby increasing profits considerably. kind regards, Marishka Ixito |
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| Sep 2nd 2011, 23:24 Marishka Ixito |
L&L Corporation Inc. » News Story: Share Buyback and Destroy Re: News Story: Share Buyback and Destroy Edited by moderator Sep 2nd 2011, 23:31 |
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| Share buyback is typically something a company would do 1. when it perceives the market price for their shares to be seriously undervaluing the company, 2. and when there's ample liquid funds available to do so, 3. and when there's no obvious investment opportunity that is deemed more interesting than to bring the value of the shares closer to their perceived value. All three of the above should apply before a buyback program is engaged in. It seems to me that a young company like LLC, with so many market opportunities already identified, has better alternatives to employ capital than to worry about shrinking the free float? After all, the important aspect of dividends is percent, not cent. Moreover, the actual shareprice as of today, if anything, seems to reflect the (justified) hopes and expectations for a positive development of the company more so than undervaluing it. kind regards, Marishka |
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| Sep 3rd 2011, 06:06 Marishka Ixito |
L&L Corporation Inc. » News Story: Share Buyback and Destroy Re: News Story: Share Buyback and Destroy |
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| Scott, For all intents and purposes, no matter how long the LLC shares have been around, it cannot be denied that this inception of LLC pretty much fits the "young company" description best. Moreover, I feel shareholders would be better served with the company investing available funds in company growth above all other options. Besides, without the activity of 1 (one) stakeholder that bought up all available shares below an offered price of 0.85, the shares would still trade in the low/mid .30's. One swallow doesn't make a summer. Shareholders can of course do as they like, buy or sell their holdings, but for the company itself to engage in lifting the shareprice to a level way above where actual profits or profit expectations would justify, and as if they can't find anything better to invest in, is a train of thought I cannot comprehend. All that might achieve is create another of those shares with wild price swings for the stock, and a huge bid/offer spread that causes automatic trading halts at the trade of a single share. I hope you realize that in order for the stock to be valued at 1.5L, the company would have a value of around 10 million. At a profit level of 20k a month, that means you'd consider a P/E of 42 as desirable and justified at this stage? In order to reach a dividend of even 0.01 per month (at 40% pay-out) that would mean profits need to reach 240k a month, so increase 20 fold from the current level. I hold high hopes for the future of LLC, but for profit to ever get even close to that level, the company would be well advised to invest in profit growth, not destroy their means with a share buyback. kind regards, Marishka |
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| Sep 3rd 2011, 13:49 Marishka Ixito |
L&L Corporation Inc. » News Story: Share Buyback and Destroy Re: News Story: Share Buyback and Destroy |
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| I would have no problems with a buyback plan at pricelevels that would reflect that value Lindsay. 500k x 0.25 =125k value for the company (think you're selling yourself short there though). 125k L$ / 7million shares = 1.8 cents a share buyback price. kind regards, Marishka |
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| Sep 3rd 2011, 17:33 Marishka Ixito |
Secondnights.com » News Story: Secondnights stats record and new dividend Re: News Story: Secondnights stats record and new dividend Edited by moderator Sep 3rd 2011, 17:34 |
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| Simone, I am happy to see your company doing well, but: August 26 was a friday, and you wrote: "We are also confirming the payment of a dividend next week. At the beginning of the week we can communicate the amount of the dividend." A simple look at the calendar shows not just the beginning of that week, but all of that week has passed. No dividend has been announced, or paid. I truly wish CEO's would not make promises so lightly. If you aren't sure you can keep your word, best to remain silent on the subject. kind regards, Marishka |
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| Sep 3rd 2011, 18:36 Marishka Ixito |
Capital Exchange Archive » BSC : Appalling lack of communication Appalling lack of communication |
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| This company raised 4.5 million L$ in June/early July. Two months have passed since, and not a peep about the company results in those two months. Meanwhile shareholders are voting with their feet and selling off their shares at barely half what they paid for them in the IPO. Apparently there's hardly any optimism left. And if anything, that should be a cause of concern for the company management. kind regards Marishka Ixito |
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| Sep 3rd 2011, 22:47 Marishka Ixito |
Capital Exchange Archive » SLG : Update: Poor Showing at Lindex Re: Update: Poor Showing at Lindex |
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| hello Pradeep, Maybe I misunderstand something, but I thought all currency arbitragers need is a decent trade volume, with enough of a bid-ask spread to generate an income? So what's failing, the volume, or the spread? And if business at the Lindex is tough these days, why not look at Virwox as an alternative? Trading there seems to have a decent volume of around 500 million L$ a month, and they offer traders better commission deals also? kind regards, Marishka |
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| Sep 3rd 2011, 22:51 Marishka Ixito |
Secondnights.com » News Story: Secondnights stats record and new dividend Re: News Story: Secondnights stats record and new dividend |
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| hello Sabrina, I donot have doubts about the dedication of Simone, or the well-being of the company. I merely hope to make CEO's think twice before they make a promise. kind regards, Marishka |
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| Sep 4th 2011, 05:51 Marishka Ixito |
L&L Corporation Inc. » News Story: Share Buyback and Destroy Re: News Story: Share Buyback and Destroy |
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| Scott, I conclude you didn't react to any of my arguments given to explain why a buyback at this stage would be a very very poor choice indeed for LLC. You hit the nail on the head though, we agree about the qualification of your view. |
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| Sep 6th 2011, 20:12 Marishka Ixito |
Marix Group » IPO off the table IPO off the table |
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| Sadly I was informed by Mr. Oceanline that my application was declined by Capex. I regret the CERC decision, but there's not much I can do about it at this time. A chance lost, for everyone. MRG will keep growing, most likely profits for September will come close to 100,000 Linden$, but it seems I don't get to share any of it through dividends. kind regards, Marishka Ixito |
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| Sep 7th 2011, 14:34 Marishka Ixito |
L&L Corporation Inc. » News Story: Weekly Share Price Report Re: News Story: Weekly Share Price Report |
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| Lindsay, I should have said so before of course, but I applaud this initiative, and am a bit sad to see the first Weekly is sofar the only one. kind regards, Marishka |
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| Sep 7th 2011, 16:42 Marishka Ixito |
Second Ads » Second Ads (ADS) SPO Starts Thursday, Sept 15, 9 AM SLT Re: Second Ads &#40;ADS&#41; SPO Starts Thursday, Sept 15, 9 AM |
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| Am I correct to understand no new ownershares will be created? kind regards, Marishka |
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| Sep 7th 2011, 18:47 Marishka Ixito |
Capital Exchange Archive » APT : Dividend mistake? Dividend mistake? |
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| The CEO announces a dividend of 0.02 L per share and pays 0.015L per share? kind regards, Marishka |
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| Sep 8th 2011, 02:13 Marishka Ixito |
Capital Exchange Archive » BSC : Update on BSC: Financials, dividends, and future of the firm Re: Update on BSC: Financials, dividends, and future of the firm Edited by moderator Sep 8th 2011, 02:36 |
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| hello Philip, Am I correct in concluding you have had a change of mind about the stated dividend policy? Am I also correct in assuming you prefer hundreds of IM's above making a single statement in this forum, because if you start giving answers about how the company is doing in private (highly unethical behaviour), then that's what you'll get. Communication with shareholders MUST be in public. That is what this forum is for. You cannot treat BSC as if it is a private fund, because it is not. I suggest you have a change of heart about the attention this forum (your shareholders) deserves also. kind regards, Marishka |
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| Sep 10th 2011, 16:26 Marishka Ixito |
Marix Group » IPO Application Submitted - Marix Group (MRG) Re: IPO Application Submitted &#45; Marix Group &#40;MRG& |
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| Hello Amy, Yes, there are a lot of intangible assets on my balance sheet. That's what happens when your know-how and designs are the main drivers behind a company's success. As to land being a liability, I wholeheartedly disagree. Sure, I pay tier on it, so? My land is at the core of my business, no land, no rentals; no rentals, no profit. As long as my land generates revenue that's about twice what I incur as costs, I still consider it an asset. And besides, if land was a liability, how come owners of land don't pay a price to get rid of it instead of charging money to buy it? At this stage all of this is a moot point though, since the application has not been accepted. The IPO process at CAPEX seems to be geared toward start-up companies only, where profitability is not taken into consideration at all when assessing the value of the company. And since my company is not a start-up, but has a solid track record of growing profits, the outcome was probably inevitable. kind regards, Marishka |
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| Sep 11th 2011, 03:38 Marishka Ixito |
Marix Group » IPO Application Submitted - Marix Group (MRG) Re: IPO Application Submitted &#45; Marix Group &#40;MRG& |
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| Amy, You can redefine economics and accepted accounting standards all you wish, but I won't be joining you. Overhead is defined as that part of a company's cost that is not directly tied to its core profitmaking process. As for concealing risks, naming those assets explicitely as intangible like I do doesn't hide anything. Hiding risk is inflating the value of tangible assets beyond their true value, something which seems to be common practice here, but also a practice I donot wish to follow. Land is an Asset, tier is a cost, what's so hard to understand about that? Assets go to a balancesheet, costs go to the Income statement. Costs go to a balancesheet only when they are either prepaid or in arrears. If ADS puts the tier for its land on the balancesheet as a liability, that is completely erroneous, unless it hasn't been paid. But we all know what LL does when tier isn't paid, so seeing as the sim is still there I must assume the tier has been paid. Please stick with project management, which you are obviously very good at, and leave bookkeeping to the bookkeepers. kind regards, Marishka |
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| Sep 11th 2011, 18:14 Marishka Ixito |
Marix Group » IPO Application Submitted - Marix Group (MRG) Re: IPO Application Submitted &#45; Marix Group &#40;MRG& |
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| One item can never be both an asset and a liability. Assets are things that are worth something, Liabilities are worth something to someone else. Land is an asset, rl tax, like tier, is a cost, not a liability. Taxes will only be reported as a liability when they haven't been paid yet for the period preceding the date of the balance sheet. A balance sheet is a representation of things owned (assets) and of debt (liabilities) at a certain moment in time, no more and no less. Liabilities are things you pay for to get rid of them (like a loan or mortgage). As long as landowners in sl donot offer their land while offering money to take it off their hands, it will never be a liability. And indeed, they would rather abandon it than do such a thing. Just about every asset has a maintenance cost, like taxes, storage, insurance, operating cost (think gas for a vehicle or airplane), but such associated costs don't make those assets liabilities. kind regards, Marishka |
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| Sep 12th 2011, 05:53 Marishka Ixito |
Capital Exchange Archive » GMC : News Story: The week that was 9/5 - 9/11 - GMC Re: News Story: The week that was 9/5 - 9/11 - GMC |
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| Legolas, You may wish to consider looking a little closer before using the average closing price for a stock to calculate your VAP. In at least some companies, there can be periods where 95+% of the volume is traded at bid prices, only to see the closing price being established by the puchase of a single share at the offered price again. Of course the opposite may occur also, I just mean to say the closing price(s) can be a very poor guide to assess at what average price the trades for a day (week) have occurred. kind regards, Marishka |
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| Sep 16th 2011, 04:34 Marishka Ixito |
Second Ads » Lets go international Re: Lets go international |
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| Geez, are we going to have a display of language ability here? Niet afgeven op andere nationaliteiten a.u.b. da's niet aardig, en ook niet erg netjes om te doen in een taal die ze niet begrijpen. Niks mis met Portugal. Sorry guys, didn't mean to confuse you all, might be best to keep things in one language here at the forum (which implies that true multilingual information will be a tough thing to achieve for a company). Even if he wanted to, would you expect Wili to have each of his forum posts translated into several languages before posting here? Translating all company flyers/posters/pdf's/whatever into several languages is going to drive up costs, and except for Spanish and Japanese would reach out to too small communities here in SL anyway, and to translate that stuff, while not doing the same for information posted here at the forum, would be kinda misleading. kind regards, Marishka |
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| Sep 21st 2011, 01:29 Marishka Ixito |
Capital Exchange Archive » APT : Financials? Financials? Edited by moderator Sep 21st 2011, 01:40 |
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| Cash, I appreciate that APT is supposedly doing well, but: a. the last quarterly report is for the first quarter (unless I missed the second quarter one) b. the monthly report for July misses an income statement c. the monthly report for August is missing completely As much as your company might be worth investing in, without adequate financial reporting I'll abstain from further investing for now (I have an existing stake in APT through my shares in DSF). kind regards, Marishka Ixito |
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| Sep 21st 2011, 10:52 Marishka Ixito |
Capital Exchange Archive » APT : Financials? Re: Financials? |
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| hello Cash Please point me to the quarterly report for Q2, I can't find it. kind regards, Marishka |
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| Sep 21st 2011, 15:05 Marishka Ixito |
Capital Exchange Archive » APT : Financials? Re: Financials? |
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| Hello Cash, I just downloaded the price history and trading volume for APT, and it shows APT was actively traded through Q2, 2011. Also, the forum posts during/after Q2 2011 donot shed any light on this. So I don't understand your answer. kind regards, Marishka |
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| Sep 21st 2011, 18:49 Marishka Ixito |
Capital Exchange Archive » APT : Financials? Re: Financials? |
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| Cash, I did not imply something is wrong, I did not ask for all trading activity to be disclosed, I do not understand what the top 10 shareholders list has to do with it, I just can't find the Q2 financial report. What I can find is a Q1 report, a post called "APT financials July 2011" from July 18 and a balance sheet post from August 9. But I'll let it rest, must be silly me that doesn't get it, instead of you avoiding to answer my simple question. I'm sorry for wasting your time. kind regards, Marishka |
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| Sep 22nd 2011, 14:09 Marishka Ixito |
Yanko Sella Land Company » IPO Application - Yanko Sella Land Company (YSL) Re: IPO Application - Yanko Sella Land Company (YSL) |
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| I'm not sure how you get to a 1.2% dividend yield Shadowfaxx. 5 million income, 4.1 million costs, gives 900k profit. 8% to be paid as dividend gives 72k dividend to be distributed over 1 million shares, is 7.2 cents per share, that's a monthly dividend of 0,0036% of the proposed IPO price. kind regards, Marishka |
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