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Lecherito
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Posted - 2009.08.15 21:35:00 -
[1]
Edited by: Lecherito on 15/08/2009 21:37:39 Edited by: Lecherito on 15/08/2009 21:36:52 Edited by: Lecherito on 15/08/2009 21:35:03 As per the title, I am selling 1,488 shares of the highly coveted Bad Bobby/Ugly Toys bond offering. Bad Bobby and his bonds are widely considered to be one of the single most secure venues in which to invest isk. You can find the original bond offering here .
I am looking to part with these shares to help fund a new project currently in development. My decision to sell in no way indicates any negative feelings towards Bad Bobby or his bond offering. Dividends have always been paid in full and punctually. Ideally, I would have liked to hold onto them until the very end.
Due to both the demand for and quality of Bad Bobby's offering, I feel that the 1.3 million per share asking price is justified, and well worth it. Shares are available on an in-game first come, first serve basis. I will try to be on as much as possible until all shares are sold. Fly safe.
-L
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Lecherito
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Posted - 2009.08.15 21:38:00 -
[2]
For some reason the hyperlink isn't working. The original offering can be found through use of the URL below:
http://www.eveonline.com/ingameboard.asp?a=topic&threadID=1071177&page=1
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Kelltick
Caldari
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Posted - 2009.08.15 22:14:00 -
[3]
I will take 150 shares (195m ISK).
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Ishikari
Gallente Duct Tape Inc. New Eden Research
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Posted - 2009.08.15 22:15:00 -
[4]
I will take 100 shares (130m).
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Lecherito
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Posted - 2009.08.15 22:27:00 -
[5]
Originally by: Kelltick I will take 150 shares (195m ISK).
Posting to confirm the transaction of 150 shares of Bad Bobby bond offering for 195m ISK, between myself and Kelltick.
-L
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Ishikari
Gallente Duct Tape Inc. New Eden Research
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Posted - 2009.08.15 22:27:00 -
[6]
Shares received. Thanks!
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Kelltick
Caldari
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Posted - 2009.08.15 22:30:00 -
[7]
Originally by: Lecherito Posting to confirm the transaction of 150 shares of Bad Bobby bond offering for 195m ISK, between myself and Kelltick.
-L
Shares received, thank you!
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Lecherito
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Posted - 2009.08.15 22:30:00 -
[8]
Edited by: Lecherito on 15/08/2009 22:31:31
Originally by: Kelltick
Originally by: Lecherito Posting to confirm the transaction of 150 shares of Bad Bobby bond offering for 195m ISK, between myself and Kelltick.
-L
Shares received, thank you!
Confirming a smooth transaction of 150 shares @ 1.3 million per.
-L
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Lecherito
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Posted - 2009.08.15 22:32:00 -
[9]
Originally by: Ishikari Shares received. Thanks!
And also confirming the sale of 100 bonds @ 1.3 mil each to Ish.
-L
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Amarr Citizen 155
Kisoken Innovations
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Posted - 2009.08.16 02:22:00 -
[10]
Either WOW, or my math is wrong. If anyone else is interested in buying a bridge let me know.
<Amarr's signature> |
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Dethmourne Silvermane
Gallente Ceptacemia Systematic-Chaos
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Posted - 2009.08.16 03:26:00 -
[11]
Is there even a profit from buying @ 1.3m/ea?
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Mikael Genexi
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Posted - 2009.08.16 04:50:00 -
[12]
Still nets 3% returns at 1.3 million does it not?
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Drab Cane
Mining Emporium inc.
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Posted - 2009.08.16 05:00:00 -
[13]
Originally by: Mikael Genexi Still nets 3% returns at 1.3 million does it not?
I hadn't thought of it that way, but 'tis true. -----------------------------------------------
- Who Dares, Wins
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Shusui
Gallente Whitestar Industries Research and Development
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Posted - 2009.08.16 05:30:00 -
[14]
If I am not incorrect however, the owner of the bond Bad Bobby will only honour a face value of 1,000,000 isk per share. When he eventually buys back the shares, you will encounter a loss of 300,000 per share (1.3mil - 1mil).
Until that time, while you will certainly be getting roughly 3% return per month, the loss from the share buyback should be considered to offset this return.
At 300,000 loss per share, and a monthly dividend return of 40,000 per share, it would take 8 months (7.5 to be exact, however shares are monthly) to recoup the sharebuyback loss.
Thus, if the Bond duration is greater than 8 months, you will be able to make a profit off the investment.
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Mikael Genexi
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Posted - 2009.08.16 06:42:00 -
[15]
You are right on the buy back. If the bond lasted 3 more years, the return would be around 2.5% using a 1.3 million buy price. Not great really.
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Bad Bobby
Ugly Toys
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Posted - 2009.08.16 06:50:00 -
[16]
Originally by: Shusui If I am not incorrect however, the owner of the bond Bad Bobby will only honour a face value of 1,000,000 isk per share. When he eventually buys back the shares, you will encounter a loss of 300,000 per share (1.3mil - 1mil).
Until that time, while you will certainly be getting roughly 3% return per month, the loss from the share buyback should be considered to offset this return.
At 300,000 loss per share, and a monthly dividend return of 40,000 per share, it would take 8 months (7.5 to be exact, however shares are monthly) to recoup the sharebuyback loss.
Thus, if the Bond duration is greater than 8 months, you will be able to make a profit off the investment.
It is certainly a high price to pay.
There is the possibility of selling the shares on again to recoup some/all of that 300k. If you can resell them at 1.3m or more then the buyback price will be someone elses problem.
My greatest concern, if I was looking to buy these, would be to discover how long the bond issuer intends to keep the bond active before the 1m buyback.
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Jadun
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Posted - 2009.08.16 11:35:00 -
[17]
yo ho
i would be willing to buy 500 share at 1 million.
500 share = 500 mil
jadun
P.S. me thinks that lecherito should be ashamed to demand 1.3 mil.
P.S.2 i would need around 72 hour to make the isk liquid. |
Lecherito
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Posted - 2009.08.16 11:57:00 -
[18]
Originally by: Jadun yo ho
P.S. me thinks that lecherito should be ashamed to demand 1.3 mil.
Ashamed about testing the waters in an effort to get as most isk as possible for shares I'm less than thrilled about parting with? Do you even know what forum you're on?
-L
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Jadun
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Posted - 2009.08.16 12:14:00 -
[19]
Originally by: Lecherito
Originally by: Jadun yo ho
P.S. me thinks that lecherito should be ashamed to demand 1.3 mil.
Ashamed about testing the waters in an effort to get as most isk as possible for shares I'm less than thrilled about parting with? Do you even know what forum you're on?
-L
Sure i know which forun this is.
And if you had been a little bit more up front with your sell offer I would have no prob. But since you wanna sell your shares with a 7.5 months intrest profit. I got no prob stating my opinion. And as long as I can live with myself and you can live with your shaming contuct everything is fine.
Jadun
P.s. my 500 share for 500 mil offer is still open
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Lecherito
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Posted - 2009.08.16 12:21:00 -
[20]
Well, if you're of the school of thought that every man is inherently entitled to his opinion, then you, sir, are correct. Thank you for your input.
-L
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Jadun
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Posted - 2009.08.16 12:54:00 -
[21]
Originally by: Lecherito Well, if you're of the school of thought that every man is inherently entitled to his opinion, then you, sir, are correct. Thank you for your input.
-L
define please |
Yarinor
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Posted - 2009.08.16 14:59:00 -
[22]
I'll take 50 at 1.2m each... deal?
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Lecherito
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Posted - 2009.08.16 15:23:00 -
[23]
Look me up in game, yarinor.
-L
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LaVista Vista
Conservative Shenanigans Party
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Posted - 2009.08.16 15:25:00 -
[24]
2 years ago, this sort of markup was by NO means unheard of.
I really wonder why the hell there's being made anything out of this at all. Supply and demand people.
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Yarinor
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Posted - 2009.08.16 15:40:00 -
[25]
Isk sent shares recieved, thank you :)
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Lecherito
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Posted - 2009.08.16 15:42:00 -
[26]
Originally by: Yarinor Isk sent shares recieved, thank you :)
Confirming the smooth transaction of 50 shares @ 1.2 mil each. Fly safe.
-L
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Ji Sama
Caldari Tash-Murkon Prime Industries Sex Drugs And Rock'N'Roll
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Posted - 2009.08.16 17:03:00 -
[27]
Yep Lecherito can ask any price he wants tbh :)
gl with the sale, im majorly tied up already in bobbys titan ipo, so i cant help you :)
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Varnik
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Posted - 2009.08.16 20:13:00 -
[28]
Would like to buy 100 @ 120 million. New to this though and will need info on how to complete the transaction.
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Amarr Citizen 155
Kisoken Innovations
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Posted - 2009.08.16 20:24:00 -
[29]
Originally by: Amarr Citizen 155 Either WOW, or my math is wrong. If anyone else is interested in buying a bridge let me know.
Just posting to confirm I'm making fun of the buyers not the seller.
<Amarr's signature> |
Lecherito
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Posted - 2009.08.16 20:49:00 -
[30]
Originally by: Varnik Edited by: Varnik on 16/08/2009 20:32:34 Would like to buy 100 shares 120 million ISK New to this though and will need info on how to complete the transaction.
Confirming that I have agreed to sell 100 shares @ 1.2 million ISK to Varnik.
-L
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