Wednesday, March 15, 2017

Private down under

  1. Visy Industries
  2. Co-operative Bulk Handling
  3. 7-Eleven Stores
  4. BGC
  5. Devondale Murray Goulburn
  6. Teys Australia
  7. Linfox
  8. Hancock Prospecting
  9. Hospitals Contribution Fund
  10. Meriton Apartments
 Visy Industries

Sunday, March 12, 2017

Private, see

So we know we can't buy shares in a private company, that only limited members can invest.
The company structure, though, is similar

Friday, March 10, 2017

Limited Lie Ability

Limited companies can be public or private, limited by shares or guarantee.

Privates  

largest private companies

  1. Cargill
  2. Koch Industries
  3. Albertsons
  4. Dell
  5. PricewaterhouseCoopers
  6. Deloitte
  7. Mars
  8. Publix Super Markets
  9. Bechtel
  10. C&S Wholesale Grocers
 Image result for "cargill" cao dai

Thursday, March 02, 2017

Present company excepted

You can grow Brazil nuts, sell bonbons, fix brake pads and not qualify as a company or feature on an index. The world of small business does deal with promissory notes but they are the ones taking the risk by declaring that they will pay back the loan within a certain time. Nothing to trouble the markets.

Just as there are private companies whose progress isn't tracked so there is a world of folk warily wandering into degrees of commerce, often without a degree in commerce. They have stalls at the market or share some space or they work in their garage.

For all these folks, as well as the PAYE workers, there is not the capacity or the infrastructure to form a company and float it. This doesn't stop them trading. Nor does it make it of much interest to them whether a company has a president or not.

How many sole traders are there? Who are the most successful owner-operators? Perhaps this is an area of curiosity since it does help keep a competitive edge, emulating others.




Sunday, February 26, 2017

Investor invested, Consumer consumed

Image result for "bad companies"


In the interests of balance and completion, it does to go high and low, good and bad. While you are unlikely to become either an usher or a neurologist for the money, it is useful to know the value society places on different occupations: a pharmacy assistant and a veterinary nurse are working in the broader healthcare field that profits pathologists and pharmaceutical giants like McKesson.

In the same spirit I began to wonder how companies figured in the absence of those features like stocks and bonds and inventory capital. Sure, you have bankruptcies and failed ventures but - just as the "commodities" links on those super companies don't always indicate that the they deal in commodities - a scan over absence may reveal

For instance, ASIC warns you of the unlicensed companies you shouldn't deal with.

Both Fortune and Investopedia advise us that it is better to separate the roles of Chairman and CEO though blue chips persist in combining them

The Finance Base list the advantages and disadvantages of issuing bonds to raise capital.

Capshare blog on why private companies don't need to issue stock certificates.

Investor.gov from the US giving a detailed rundown on the issuing of stocks; why companies offer them and why we invest.

Yahoo on the same search reminding us there are some very large companies that don't pay dividends

Lectlaw cautions that debentures carry risk

See what Demonocracy.info thinks of derivatives

A word on warrants straight from Stock Warrants HQ

If you ever got serious about investing - I could be talking to myself here - you'd be forever taking notes

There's the grind of trading in futures

What were we saying about commodities?
What options are there?

An overview of trusts in Australia

All aboard for fund time

Cuffelinks asks us not to judge all small companies by their poor index returns
Australian health food companies doing well on the stock exchange

Companies with no revenue still valued highly! A holding company with no operating income
Re-bursting the dot com bubble to illustrate companies with no profit, no equity or no assets (but presumably, for a time, still had reasonable brand value to attract the unwise investments)

Wednesday, February 22, 2017

How low can you go



This is from the Daily Telegraph and from four years ago so doubly unreliable but I'm going to hazard a guess that the order of lowly remunerated positions in Australia hasn't changed overly much.

By this I mean occupation, not loafers on a payout (ahem) or pensioners


  1. Fast food cooks
  2. 'Other' hospitality workers
  3. Outdoor adventure guides
  4. Hairdressers
  5. Sewing machinists
  6. Pharmacy sales assistants
  7. Beauty therapists
  8. Cafe workers
  9. Veterinary nurses
  10. Waiters
Forty one thousand nine hundred and nine dollars doesn't sound like making too much of a fuss about being misleading; hardly worth the wait. The Tele has the jobs in descending order culminating with the McDonald's et al kids getting screwed over the most - or having the most basic job, whichever way you want to look at it. $37,705 is four thousand two hundred dollars less at the end of the day, or year rather.

But we didn't count the difference in the richly rewarded, why the poverty stricken? Well, because every dollar counts when you're impoverished. 
Remember though that these are jobs just out of school for the most part. At least the lowest two on the list are and there are waiters who double as students on overseas jaunts. Meanwhile migrant workers (wo)man the sewing machines.

Maybe adventure guides are thrill seekers who have found a way to monetise their pursuit and so aren't in it for the money.
As the paper points out, these are careers that do require certificates from TAFE or private providers so you're effectively training to be in a menial job.

Wednesday, February 15, 2017

Occupay's shit

Image result for "cooks, fast food"

  1. Cooks, Fast Food
  2. Combined Food Preparation and Serving Workers, Including Fast Food
  3. Shampooers
  4. Dishwashers
  5. Hosts and Hostesses, Restaurant, Lounge, and Coffee Shop
  6. Baristas
  7. Counter Attendants, Cafeteria, Food Concession, and Coffee Shop
  8. Cashiers
  9. Ushers, Lobby Attendants, and Ticket Takers
  10. Amusement and Recreation Attendants