Ouch – that’s harsh. Perhaps you should get a more rounded education alvin. Buying shitty little houses in shitty little towns because they are CF+ is a mugs game.
Try reading Spann, Somers et al, and perhaps some tax/trust books by Dale G. Goss, then get into investing when you have enough information to make INFORMED choices and not follow a herd that blew through years ago.
In most western nations it is legal to disriminate against one particular group – caucasian males. There are laws, precedents, and programs that target particular ethnic groups and women, but no programs for a white aussie.
Isn’t this reverse reacism where a white gut can’t get a job because he’s white and discrimination because he is male?
Sorry Geo – you have it the wrong way around. AAPT etc are the competitors and can force Telstra/Optus to adjust pricing or bundling with good offers. ACN or similar can’t – they simply will not have the market power to have an impact – especially when they will get next to no discount to resell the services (of Telstra) anyway.
Perhaps you didn’t like my 5 minutes of due diligence because you expected to get a few converts?
ACN are not a competitor to Telstra – Optus, AAPT, Voda, Hutch, and Unwired are though. ACN are a niche operator that will compete with other small resellers with no marketing budgets.
BTW I’m a telco analyst so how’s that for due diligence
Sounds like you have quite a few laws and legal systems to consider. I’m not familiar with either Irish or Finnish systems but most likely you will need a prospectus and some deep pockets to do the set up work. In Australia you could expect to spend 100k plus.
I’d be surprised if they have any real impact. Virgin is a fantastic brand yet they have only captured between 1% & 2% of the mobile market. 3 mobile (who also own Orange) has spent hundreds of millions of dollars over the past few years, operate on very thin margins, and still have only 4%-5% market share.
If this company is going the MLM route they obviously don’t have a heap of cash, which makes it tough to grab a share of the market.
From what we have seen, prices are fairly stable now, but things never seen on the island before are going great guns. The Cornwall square development in Launceston is a medium rise inner city apartment building with prices from 295k-600k and is two thirds sold already. The Seaport development (also in Launceston) has no trouble selling serviced apartments for over 300k each, and has a healthy retail precinct below.
Waterfront developments in Hobart are selling for big dollars – such as IXL. Tas seems to be undergoing its own cultural revolution and things are changing greatly. I am very optimistic about the future.
Bicheno has a number of subdivisions going ahead at present and bumper prices are expected. Land that wouldn’t sell at 15k per block is now going for 100k. Still money to be made if you can get land.
Coles Bay has a big Federal hotels development going ahead and is already expensive – although there are some sites suitable for medium scale subdivision if that interests you.
Pair gain- the bane of many dial up users. Lets say everyone in the street gets 56k dial up. Then, a few new subdivisions by Greg F and Co go in. Obviously, telstra must pipe some more telecommunications equiptment in. They can do it properly, or cheaply. Guess which way a company making billions of dollars a year does it? Cheaply. I dont know the ins and outs, but they put pair gains on the line, which means everyone may only get 33k, or 28k, etc. Happened to me, overnight, went from 56k to 28k. Absolute bastards those telstrawankers.
It’s related to available copper line in the area. If there are actually no phone lines available in the area, the only way to give people a service is to install a pair gain.
It’s a result of old technology I guess – until optic fibre cable is everywhere, pair gains are a fact of life.
28k is nothing to bitch about on dial-up – try living in an apartment building, couldn’t get a single page to load.
Seriously – they are usually teens who are into alternative music and dress like their heroes. I’m sure most of you remember being a teenager and struggling to establish an identity for yourself.
From my point of view its all about individuality and wanting to get a reaction. Quite often they can be very shy, and do not worship demons or satan.
Which inv guru’s do you believe in and why?
None really – I have read a few books by gurus but none of their strategies fit to mine. I liked Craig Turnbulls books, Steve McKnight’s was a good read but not the path I wanted to go dowm. Jenman’s books are handy for the uninitiated but a bit preachy.
Do you prefer statistics to back up a point or talk?
I’m an analyst so I love stats ))
What professionals are vital to be a sucessful investor?
A good solicitor, a good accountant, and maybe a good architect.
Any guests should be recognisable to your audience – local businesses etc