IF you believe mainstream media, Sol Trujillo is the most unpopular man in Australia and Telstra is the most unpopular company [full disclosure: I am the beneficiary of a Telstra shareholding]. I don’t think I’ve ever forgiven Telstra for its monopolistic behaviour back when it was Telecom and I didn’t have a choice of carriers. […]
As part of the Corporate Finance subject of my MBA we have to calculate the beta coefficient (aka Beta) of a company’s share price. The is applied economics and market mathematics, but it simply is a number which indicates how closely (or not) a company’s share price moves in relation to a broader market (or […]
Porsche There is No Substitute! The background: In September 2005 Porsche bought 20% of its larger but less profitable German rival Volkswagen. In March 2007 Porsche bought another 19.9% (to 39.9%) and launched a takeover bid. In October 2007 the law preventing the takeover of Volkswagen was scrapped. On 20 October 2008 Volkswagen’s share price […]
As part of my Corporate Finance class, Warren Buffet and Berkshire Hathaway came up. Nobody had checked its stock price recently so I volunteered to do it. In doing so I came across the following op-ed piece Warren Buffet wrote in the New York Times. For the record BERKSHIRE HATH HLD A (NYSE: BRK-A) closed […]
An unreal valuation is a price that a strategic investor pays because they have non financial objectives. – Fred Wilson A VC via twitter That really puts the concept of the Strategic Sale succinctly. When the fit of the vendor’s business to the acquirer is so compelling, that traditional accounting based measures are not sufficient.
I went to the Sydney OpenCoffee Meetup this morning. I love the tagline: “Place for people who love startups to hang out and meet”. So I met a bunch of startup entrepreneurs, a few advisors and a funder or two. I attended looking for two things: New Product Development ideas/team/products to put through the distribution […]
With damn hard WORK (not JOB) how to go from 0 to 5 investment properties. Assumptions it wont happen fast unless you’re lucky – in which case you didn’t need to follow any plan. You will work harder than anybody with a job to get the same initial results. I’d guess it will take about […]