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bongo
24 Jul 12 20:26
Joined:
Date Joined: 12 May 01
| Topic/replies: 6,051 | Blogger: bongo's blog
The only data I have is that they have been around for over 66 years, they produce some world leading products in bth chemical and automotive engineering.
In 2011 though they had net sales of 11.5 billion Euros and expenditure 11.7 billion Euros. Clearly some work to do to turn that around and make a profit but it's not impossible.
The downside is that they are carrying debts of 24 billion Euros. And they want to borrow a little more.
Does anyone reckon they're a safe investment, in terms of getting a guaranteed few %.
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Report polybot July 27, 2012 6:40 AM BST
not really enough data to go on so you'd have to assume it's neither safe or guaranteed.
with that amount of debt it's always a worry they'll just wind up the business and start again. unless they are a takeover possibility or they have some outstanding future tech then it could just be a slow decline.
Report bongo July 28, 2012 8:51 AM BST
with that amount of debt it's always a worry they'll just wind up the business

It was a trick question polybot - well done to anyone who read it and smelled a fish - but I like the above comment as it illustrates even with this example there's a risk of not getting your money back.
Multiply the figures by 100 and you get the public expenditure, receipts and debt of the Federal Government of Germany - presiding over Europe's largest economy with a variety of successes in chemicals and auto-engineering and many other areas.
If lending to them could have a downside of default, then why oh why are there people willing to lend to other european governments. It flabbergasts simple ole me. I can only guess there are investors/wealth funds with surpluses employing drones on their behalf to spread their wealth around buying land, property, corporations, commodities and also government debts because tradition says you include government debt in a balanced portfolio unthinkingly and the ratings agencies say it's mainly ok. Which is great for governments as they can carry on spending but very risky as there has to come a point when even the lenders on auto-invest say they have enough government debt on their books and cease coming in for more.
Report Mrben July 31, 2012 8:55 AM BST
two threads regarding mellys confession have now been pulled.

I will repeat what happened.

melly posted a new thread titled "time to come clean"

he posted  these words " Its time for me to confess that I'm broke, the credit card companies have closed off the last of my credit,I'm finished"

The original thread was then pulled, no doubt at mellys request after he sobered up.

I then posted a thread titled "thread pulled" referring to the said melly confession.It has also been pulled.

Melly at it again to save face no doubt.

Mellys final meltdown is complete
Report Menelaus July 31, 2012 11:08 AM BST
I will repeat, you are an idiot and you wouldn't know a con if it hit you in the face.

Didn't you notice your best friend, the guy on his knees, had a new forum name for a while?

Or, haven't carrier pigeons brought the news to Australia yet?

Bottom line, you fell for another con. You are ranting about the handy work of a fake Menelaus. It's just that you are too stupid and fell for it……as usual.






Betfair Customer Services     31 Jul 12 10:06 
As some customers will be aware, a technical fault has meant that some forum users have changed their chat names recently. We fixed the problem yesterday, and today we have undertaken work to change chat names back to what they were before the issue started.

We apologise for the inconvenience this has caused, and would ask any customers who believe their chat name has been incorrectly changed today to email forum@betfair.com



http://community.betfair.com/horse_racing/go/thread/view/94102/29259023/anyone-got-stuck-with-a-different-name#flvWelcomeHeader

http://community.betfair.com/chit_chat/go/thread/view/94038/29259839/wtf-hap...

http://community.betfair.com/chit_chat/go/thread/view/94038/29258999/fun-ove...
Report Menelaus July 31, 2012 11:21 AM BST
@ bongo

Wake up mate, it's all make believe money. Wealth funds, hedge funds, pension funds etc etc only add up to a quarter of the vast amount of fiat sloshing around. Figure out where the other 3/4's came from to keep the system afloat and you've got your answer.

The problem they have is not one of "risk", they don't care about "risk", the problem they have is one of stalled "growth" because the system is designed to fail without infinite and exponential growth. A collapsing pyramid of debt and oil flow rates are the system's undoing and there's not a damn thing any central banker can do about it. They can print fiat, not oil. All there is left for them now is to orchestrate one final massive wealth transfer to their friends. This is what is unfolding now and we all have front row seats.
Report Mrben July 31, 2012 3:36 PM BST
apparently no one is lending to you anymore melly?LaughLaughLaughLaughLaugh
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