Go Back   English Forum Switzerland > Help & tips > Finance/banking/taxation  
Reply
 
Thread Tools Display Modes
  #21  
Old 05.05.2011, 17:00
Member
 
Join Date: Jan 2011
Location: Zürich
Posts: 206
Groaned at 11 Times in 8 Posts
Thanked 255 Times in 109 Posts
ukal123 has an excellent reputationukal123 has an excellent reputationukal123 has an excellent reputationukal123 has an excellent reputation
Re: Glencore Floatation - Pure Greed or Capitalism at it's best - [ZUG]

Someone wrote a Book about Mark Rich, thought it was really well written and quite exiting thought very un ethical...

Check it up

The king of oil
Reply With Quote
  #22  
Old 05.05.2011, 20:31
dino's Avatar
Forum Veteran
 
Join Date: Feb 2006
Location: Zurich
Posts: 1,631
Groaned at 31 Times in 24 Posts
Thanked 1,279 Times in 628 Posts
dino has a reputation beyond reputedino has a reputation beyond reputedino has a reputation beyond reputedino has a reputation beyond reputedino has a reputation beyond repute
Re: Glencore Floatation - Pure Greed or Capitalism at it's best - [ZUG]

One thing you can almost be sure of, is that this is very near the top of the commodity cycle.

Look back to 1999 when Goldman Sachs went public. Or Blackstone in 2007. Markets topped out within months in each case, and the suckers who bought into the IPO hype lost money.

And it makes sense when you think about it. These guys sit at the centre of the market and have more visibility than anyone else. When they think the brown stuff is about the hit the fan, their obvious choice is to sell and run...
Reply With Quote
This user would like to thank dino for this useful post:
  #23  
Old 11.06.2011, 12:51
Guest
 
Posts: n/a
Re: Glencore Floatation - Pure Greed or Capitalism at it's best - [ZUG]

I'm sure a lot of you are aware with the Time Value of Money analogy in Finance, which basically is as simple as

- "Consuming 1$ today will buy you more then say 1$ in 2 years time"

and then you build up on that concept and say if I let go the chance to consume 1$ today - I need something as a reward to let go that chance to consume.

and then you complicate the concept more by looking at the risk of getting something out that 1$ in future for example you take that 1$ and invest in Greek/Euro Bonds you definately want a substantially bigger reward then say investing in the UK Bond market.

Risk / Reward...

and then you categorize the different risks involved so on and so forth...

Do you think this is Greed or Capitalism or is there more to it?

Are we not willingly participating in this Greed or Capitalism?

other alternatives would be Sharia Law or some sort of State rule.

Would you give a loan of say 1000$ to a friend for the next 3 years without expecting anything in return?
Reply With Quote
  #24  
Old 11.06.2011, 14:27
fatmanfilms's Avatar
Forum Legend
 
Join Date: Apr 2010
Location: Verbier
Posts: 21,376
Groaned at 461 Times in 352 Posts
Thanked 23,091 Times in 11,824 Posts
fatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond repute
Re: Glencore Floatation - Pure Greed or Capitalism at it's best - [ZUG]

Quote:
View Post
Well that depends entirely on the residential status at the time when they sell the shares that they get... eitherway the tax might be lower but the purchasing power gap between these guys and the locals is still gonna be wide enough to drive the locals out...
There is no capital gains tax on CH on movable assets so selling the shares creates zero tax liability in CH
Reply With Quote
  #25  
Old 11.06.2011, 14:34
fatmanfilms's Avatar
Forum Legend
 
Join Date: Apr 2010
Location: Verbier
Posts: 21,376
Groaned at 461 Times in 352 Posts
Thanked 23,091 Times in 11,824 Posts
fatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond repute
Re: Glencore Floatation - Pure Greed or Capitalism at it's best - [ZUG]

Quote:
View Post

Look back to 1999 when Goldman Sachs went public. Or Blackstone in 2007. Markets topped out within months in each case, and the suckers who bought into the IPO hype lost money.
That's neally not true for Goldman Sachs Shareholders, there may have been a few days when the shares traded below the floatation cost, but not for long.

Anybody buying GS at the IPO will be very pleased with their investment relative to the DOW Jones index. FWIW only 12% was floated at the IPO, they were not looking for suckers they just wanted a float.

http://finance.yahoo.com/q/bc?s=GS+Basic+Chart&t=my

EDIT I just checked the prospectus the floatation price was $53, so a great investment from day 1!
http://www2.goldmansachs.com/our-fir...s-pdf-file.pdf

Last edited by fatmanfilms; 11.06.2011 at 14:47.
Reply With Quote
Reply

Tags
glencore greed capitalism




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Glencore - IPO Chester Finance/banking/taxation 1 11.04.2011 21:28
Live Stream: NYF 2010 on Capitalism Chicago International affairs/politics 0 23.06.2010 15:05
Pure Reason Revolution Rabina Concerts 1 10.03.2009 16:15
'At's capitalism, baby Uncle GroOve General off-topic 0 28.08.2008 14:30
Poverty & Capitalism Guest Jokes/funnies 88 05.06.2008 14:36


All times are GMT +2. The time now is 22:41.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2022, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0