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  • Profile photo of FreckleFreckle
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    @freckle
    Join Date: 2012
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    December 14, 2013 - 8:30 pm

    Cotton On has always been there. The head office expansion has been in the pipes since 09. Expanding their HQ's was constrained by planning reg's so they applied to have the reg's relaxed in order to facilitate an in situ expansion capable of meeting their needs out to 500 personnel.

    The reality is they never moved there because they were already there and a large chunk of the 500 jobs already existed. in fact their projections show that they expected to reach 500 personnel by the end of 2012 some 12 months ago so I suspect that nothing has actually changed and the media release is govt PR to placate the masses given the Holden losses. The article you read is an MSM propaganda campaign constructed by the state govt for political purposes

    Source: http://www.dpcd.vic.gov.au/__data/assets/word_doc/0009/79434/Greater-Geelong-C257.doc

    BACKGROUND

    5. The amendment has been requested by Cotton On in order to expand the company’s head office at 14 Shepherd Court, North Geelong, which is restricted under the site’s current zoning controls. 

    6. On 18 September 2009, the City of Greater Geelong (Council) wrote to the Department of Planning and Community Development (DPCD) advising that Council officers had been in ongoing discussions with Cotton On and that those officers agreed that the best way to accommodate Cotton On’s future growth at the site was via a site specific planning scheme amendment.  Council officers also advised that they supported the processing of the planning scheme amendment via section 20(4) of the Act.

    7. On 1 July 2011, Council wrote to DPCD confirming that they remain extremely supportive of Cotton On's request for a planning scheme amendment via section 20(4) of the Act.    

    8. At present, Cotton On is restricted to only 500 square metres of office floor area due to the zoning controls that cover the subject land, namely the Business 4 Zone and the Industrial 1 Zone.  This office floor area restriction is having a major impact on the growth opportunities of Cotton On head office.  The Cotton On distribution centre has recently moved to a site in Lara, and the site at 14 Shepherd Court now has the floor space capacity to accommodate the forecast growth of the Cotton On head office, which based on their current growth and strategic plan, is expected to increase to over 500 employees at this office by the end of 2012.

    Profile photo of FreckleFreckle
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    @freckle
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    December 14, 2013 - 10:03 am
    JacM wrote:
    Cotton On" who recently moved their head office to Geelong; bringing 500 jobs to the area.  The net effect is an increase is the total number of jobs in the area

    They’ve always been there. This is a major warehouse and distribution upgrade. The majority are low paid jobs that will see numbers decrease over the years as more sophisticated automation is embedded. Think Amazon. On the retails side these are mainly low paid front desk sales jobs. Vic faces what every region faces and that is a race to the bottom in low cost consumer goods facilitated by low paid employment that is replacing lost middle class manufacturing jobs.

    With one of the highest population growth rates in the 1st world the next few decades will see significant pressure on both job and wage growth.

    Current RE price growth is being driven by massive capital outflows from China into RE globally. Melbourne is being referred to as the next Chinese city with corresponding empty tower blocks.

    The Chinese will eventually blow up RE markets around the world. Printing $203B monthly has to go somewhere. It will not end well.

    Profile photo of FreckleFreckle
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    @freckle
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    December 13, 2013 - 9:10 pm
    i-smsf wrote:
    BC's strength seems to be in its anonymity. Something people love, something banks and governments hate.

    only exists on the TOR network and then only in theory.

    Quote:
    It would be interesting to see what would happen, price-wise if the FBI dumped their stash from silk rd and the string of other seizures over the past 24 months.

    Apparently they only have possession (hard drive) of a small fraction of his stash and even then I think those are encrypted. It will be interesting to see how it all pans out though.

    BC’s pivoting around 900 for the time being. Time to day trade it. I don’t think we’re going to see a significant ramp up for a while if ever.

    Profile photo of FreckleFreckle
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    @freckle
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    December 12, 2013 - 10:29 pm
    i-smsf wrote:
    It will be interesting to see banks positions on the currency.

    I don’t think they’re too bothered at this stage. With only 12m minted it’s total value is only around $9-10B.

    BC has first mover advantage and public sentiment behind it but that will soon wane I’m thinking. The big guns need only buy into BC and then dump it to screw with its value and the heads of it’s followers.

    JPM are already in the game with their version of a crypto-currency that has significantly better utility and can leverage pre-existing financial infrastructure Something BC substantially lacks. Given that the banking cartels control a significant portion of global money flows I know which CC will survive long term. I don’t see BC completely disappearing but it may be consigned to a small corner of the CC landscape. If it tries to assert itself I think the big boys will simply slap it around just the way they do with PM’s

    Profile photo of FreckleFreckle
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    @freckle
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    December 12, 2013 - 9:54 pm

    Personally I’d paint it

  • better rental value

  • better market value (equity?)

  • better class of tenant

  • tenant more likely to take care of the property

  • you have to keep the maintenance up anyway
Profile photo of FreckleFreckle
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@freckle
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December 12, 2013 - 9:42 pm

The problem with plastics and paint is that plastics have oil compounds in the plastic. You can get paint to stick to plastics fairly well but the bond will eventually fail. Given that the surface has to contend with rapid and uneven changes in temperature as well as mechanical stress and cleaning with abrasives the outcome becomes fairly obvious. Oil compounds can be forced out through expansion (higher temps) that eventually degrade the bond.

Personally I'd either replace it with another bath or simply remodel the bath room and get rid of a bath altogether.

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@freckle
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December 12, 2013 - 3:29 am

When they print $73B/mth and big brother China prints $203B/mth its gotta go somewhere I suppose.

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@freckle
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December 10, 2013 - 9:23 pm

The latest is JPM’s iteration/version of a cryptocurrency.
JPMorgan Chase Building Bitcoin-Killer

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@freckle
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December 10, 2013 - 9:19 pm
Rick sta wrote:
The bitcoin derivatives market has arrived…

http://www.zerohedge.com/news/2013-12-08/bitcoin-derivatives-market-has-arrived

See post #26.. you’re a couple days behind Rick ;-)

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@freckle
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December 10, 2013 - 7:43 pm

BC back over $1000 this morning. That’s interesting. The lesson I think is that BC is showing that it can overcome quite serious setbacks and recover. i get the impression more and more people will buy into BC especially mom and pop investors with a spare dollar or two.

I would wait for the next correction and buy in.

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@freckle
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December 10, 2013 - 8:28 am

As I’ve mentioned before Abe will go the way others who preceded him have.

Will he complete this term or be red carded???

Abe’s Support Drops Sharply in Japan
Polls taken in recent days show a rapid downturn.

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@freckle
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December 9, 2013 - 7:43 pm
APerry wrote:
freckle, offset accounts don't effect loan balances, only interest charges. In most cases offsetting a loan has little or no consequence on tax deductibility apart from if it is being used to offset interest in a tax deductible loan. In this scenario, in most cases, the money can be taken out of the offset fro any purpose without effecting the tax deductibility of that loan. It is very different in this regard to redraw or drawing on an LOC. They can, but often do not, come with higher rates. 

Yep agree.

People also need to keep in mind that Offset a/c’s have constantly changing amounts depending on how they’re used. To manage them effectively to capitalise on interest offsets users need to fully understand the conditions in which a dollar counts towards an interest charge offset. It may take 30 days before a dollar qualifies and that may fall between certain time frames so the first part period may not count. IT can be very complicated for anyone to actually analyse these sorts of accounts but the use of simple calculators is often illusory.

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@freckle
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December 9, 2013 - 7:29 pm

They know they’re boxed in and buggered if the do and buggered if they don’t. There’s mixed signals coming out of the FED so who really knows. I think they’ll do a ‘rob Peter pay Paul’ kinda move. They’re in the twilight zone as far as retaining/losing control of this thing.

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@freckle
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December 8, 2013 - 8:18 pm

Two large sales of 236 and 492 BC’s at 750 -754 stopped the rally cold.

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@freckle
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December 8, 2013 - 8:10 pm

It’s on a rally. Market depth on the buy side is increasing. Interesting…

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@freckle
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December 8, 2013 - 8:07 pm

BC just jumped after this article came out.

The Bitcoin Derivatives Market Has Arrived

on 12/08/2013 13:25 -0500

Profile photo of FreckleFreckle
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@freckle
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December 8, 2013 - 7:57 pm

I would hold off at the moment. Web merchants are getting burnt by the volatility.

BC and LC are trading sideways. BC is pivoting around 730 and LC around 25. Overall trend is down but you could still see a few rallies yet however I think the steam has out of the market for the time being. Volumes are low.

You either buy now and hold on the expectation there will be another leg up or you could opt to day trade the market if volatility gets going again.

There have been 4 bull rallies but each one has had less acceleration and the corrections are severe. The last one was fairly emphatic. Someone (or group) tried 8 times to halt and rally the market during that fall. To me there’s more going on than meets the eye.

Bet what you’re prepared to loose. Put 2k on the table but only play 10% at a time.

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@freckle
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December 8, 2013 - 7:24 pm

Very common everywhere I would say. Gold Coast, Perth, Sydney etc all see the same type of activity in this class of RE. What’s interesting is when it trends up. That’s generally caused by some underlying economic factor affecting that type of RE owner rather than just poor budgeting and decision making.

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@freckle
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December 8, 2013 - 7:19 pm

Never been a serious player Joe. Dropped a few k, made few k. I treat shares like I do gambling and I’ve never been a gambler.

Profile photo of FreckleFreckle
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@freckle
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December 8, 2013 - 8:46 am

Depends on the shares. Not all shares crash and some of those that do recover quickly. The game is to diversify your risk and shelter assets where possible. If the FED decides to taper even a miniscule amount the US dollar will rise. USD exposed stocks will do alright initially but given the level of manipulation common sense may not be ones friend.

I continue to toss my double headed coin – it’s right 50% of the time ;-)

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