Pages: [1] 2 3 :: one page |
|
Author |
Thread Statistics | Show CCP posts - 0 post(s) |
Researching King
Time Cube Capital Ships Zzz
|
Posted - 2007.08.27 08:32:00 -
[1]
Hi guys, just a quick point of contact.
Now firstly, Researching King is an alt of Ricdic and the new CEO of TCCS. Erfnam had RL take priority and needed to tend to it so he contacted me asking if I can handle TCCS. Now, Erfnam and I have been fairly trusting of each other, as I had him run C-R-A back when I also had RL take over (start of 2007).
Anyway, it can be tough coming into a new position, understanding the books, asset value, share value, NAV and the likes, plus I wanted to ensure I could do the job successfully.
Basically when Erfnam passed ownership to me he asked if I could either run the corporation, or liquidate if I didn't have time. I decided to give running it a shot, as capital production was something I was intrigued by.
So here we are. I have been running TCCS for approximately 3-4 weeks thus far, hammering out capital ship and component construction like no tomorrow.
Anyway, TCCS has 10,000,000 shares in total in the corporation. Of those shares, 2,548,000 are owned by the corporation.
The remaining 7,452,000 shares are owned by the public.
The IPO price of these shares was 2000 isk per share.
So, lets talk about assets on hand, with the purported 14.9b isk we should have.
(approx 8% increase added to cover value on researched goods) 1 Thanatos BPO researched = 1.3b 2 Obelisk BPO researched = 4b 1 Charon BPO researched = 2b 1 Capital Cargo Bay BPO researched = 1b 1 Capital Construction Parts BPO researched = 1.1b 1 Capital Armor Plates BPO researched = 1.3b 1 Capital Propulsion Engine BPO researched = 1.3b
Minerals on hand = 622m value Components on hand or in production = 1.07b value Ships on hand or in production = 1.74b value
Cash on hand = 1.44b isk
Shares on hand = 150m isk (excluding TCCS shares on hand)
Total Value = 17.022b.
Now, it doesn't stop there. Since taking over TCCS, I have purchased 2 new bpo's. These are: Capital Cargo Bay BPO researched = 1.1b Capital Construction Parts BPO researched = 1.1b
In doing so, TCCS has a one month loan agreement with BMBE for a sum of 800 million isk. Existing capital was available to fund most of the expansion.
Therefore, after removing debt and adding on new purchases, the TCCS Nav comes to 18.42b isk. As can be seen, close to 4b has been garnished from growth and NAV increase periods that Erfnam was allowing for.
This brings the share value to approximately 2,471 isk per share.
TCCS is interested in selling it's remaining shares (2,548,000) at a price of 2,400 isk per share. Now, a change that will be made, is that dividends will be posted monthly, however every third month TCCS will retain dividends to increase NAV.
Prior to my taking ownership of TCCS, generally NAV was increased either through the shares held by the corporation, or through forfeiting dividends here and there. This has been successful as the corporate value has grown significantly but it adds complexity to shareholders trying to determine profits off their investments.
I hope this is all pretty clear, I am still learning the ropes in TCCS but I see a large ability to profit from finalising these share sales, especially due to the success TCCS has had over these past few weeks.
We now have a full time mineral supplier as well as a person reselling all TCCS ships built. Also due to the fact that the extra component bpo's were purchased, it means all TCCS construction is now done in house which cuts costs significantly and increases profit margins on every component.
The sale of final shares will cover the purchase of 2 new ship bpo's and 2 new component bpo's to cover the increased demand that will ensue.
So to finalise for those who don't want to read my great wall of text.
* 2,548,000 shares available * 2,400 isk per share * Preferably only buy in blocks of 5000+ (12m per block) * Dividends will be monthly with one dividend forfeited every 3 months to allow for growth and increase of NAV. * Please send funds to Researching King
Thank you for your time
|
Ricdic
Caldari Corporate Research And Production Pty Ltd Zzz
|
Posted - 2007.08.27 08:33:00 -
[2]
Posting to confirm Researching King is one of my very many alts.
Need Empire Research Slots. Click here |
Taryn Ceridwen
Un4seen Development
|
Posted - 2007.08.27 11:30:00 -
[3]
Please reserve me 10,000 shares @ 24M. Isk will be sent after dt.
Many thanks
Taryn
|
Sinar Applebite
Stormsword Research Zzz
|
Posted - 2007.08.27 11:35:00 -
[4]
Please reserve 10'000 shares @ 24m as well Payment will be done after D/T.
|
Ryveth
|
Posted - 2007.08.27 12:03:00 -
[5]
48 mil sent for 20,000 shares. Thanks!
|
Trading Bunnz
ElArms International
|
Posted - 2007.08.27 12:39:00 -
[6]
48m sent for 20,000 shares.
|
tinuvin
|
Posted - 2007.08.27 15:10:00 -
[7]
I will take 20,000 shares @ 48 million
Money will be sent later today
|
Nicole Maher
Caldari
|
Posted - 2007.08.27 15:13:00 -
[8]
Isk sent. |
FastLearner
Fury Holdings Brutally Clever Empire
|
Posted - 2007.08.27 15:57:00 -
[9]
Any predictions of profitability (whether it be dividended or retained as increase in NAV)? Are there any guaranteed minimum returns to share-holders? What percentage of profits is taken as salary? Is there any buyback scheme in place? Does this have any impact on your involvement with La Vista's cap-ship building IPO?
|
Researching King
Time Cube Capital Ships Zzz
|
Posted - 2007.08.27 16:33:00 -
[10]
Thanks for the questions.
Originally by: FastLearner Any predictions of profitability (whether it be dividended or retained as increase in NAV)?
Every quarter 1 dividend will be put into NAV (I expect to be able to add a new capital bpo each quarter, or approx 2b)
Regarding the dividends, I make approximately 150m per ship (assuming prices drop a little and/or I cut costs a bit for my reseller). With this expansion I will be running 5 ship lines at a time, each taking approx 11 days. So we can roughly say 12 ships per month. This totals 1.8b profit. Then the thanatos bpo is currently being outsourced (locked down by me) to which the person produces as much as he wants, but pays me a set 150m per month in advance for usage on the bpo (saves me needing to deal in lowsec areas). So this comes to 1.95b per month profit (assuming no bpc or components are sold, and prices drop a little).
With each growth quarter, the injection should increase profit by approximately 360m per month.
So, for those investing at 2400 isk per share, the expected ROI on paying months will be 9.28% based off a 21b IPO+expansion total. Obviously this needs to be calculated quarterly as it will be significantly lower due to 1 month without payment. So the total expected ROI in a perfect world would be 6.1%.
However, if growth works as planned, the dividend would incrementally increase with an extra 360m per quarter in dividends. Obviously, whilst this is fairly conservative (as realistically I am getting closer to 185m per ship profit), different factors can negatively affect it, so I would say to anyone investing, expect a 4% return, and be glad when it's higher
Quote: Are there any guaranteed minimum returns to share-holders?
No, I don't see how it would ever go under 4-5%, but being a relative noob to capital production I don't want to set false hopes for people just in case I got my numbers wrong in some bizarre way. The guarantee shareholders can have, is in the event of a liquidation even at this point, the NAV would ensure a good 110% return (not counting the expansion or NAV growth periods)
Quote: What percentage of profits is taken as salary?
Nothing. Just like C-R-A and CPH I run this venture out of my love for the game. ISK has no real value for me, as there is nothing I personally want out of this game. It may sound cheesey, but I have more than enough personal isk to do the things I want anyway.
Quote: Is there any buyback scheme in place?
None specified as generally isk will be tied up in all these capital and component bpo's, and the whole point of this expansion is to remove shares from the corporate wallet, but by all means, if you feel you don't want your shares, contact me and I can personally buy them back at 11,500 isk per share where I have funds available.
Quote: Does this have any impact on your involvement with La Vista's cap-ship building IPO?
A slight impact, in that LaVista is the one handling the Thanatos production in low-sec (as mentioned above). He pays a set fee every month and I believe his shareholders get some decent profits off his hard production work without the requirement of capital. He can jump in and explain that part a litle bit.
But just like with the rest of CAP4U the thanatos is locked down in production system already, and only I or C-R-A shareholders can change that. Sorry for the long responss, I should have put this in first posts, but it slipped my mind.
|
|
Kenneth Brackhaven
Gallente Brackhaven Investments
|
Posted - 2007.08.27 17:36:00 -
[11]
100,000 shares @ 240m please.
Isk sent
|
Mular Sumnar
Gallente Espire
|
Posted - 2007.08.27 17:58:00 -
[12]
Isk sent.
Anarchism is founded on the observation that since few men are wise enough to rule themselves, even fewer are wise enough to rule others. Edward Abbey |
Researching King
Time Cube Capital Ships Zzz
|
Posted - 2007.08.27 18:23:00 -
[13]
All transfers up to date.
Current Shares Remaining : 2,180,876
|
Donau
|
Posted - 2007.08.27 18:45:00 -
[14]
Edited by: Donau on 27/08/2007 18:44:58 10,000 shares at 24m Thanks >sent< -Donau
|
Martin Lefouret
Real Nice And Laidback Corporation Interstellar Starbase Syndicate
|
Posted - 2007.08.27 19:24:00 -
[15]
10.000 dhzres at 24 mil please isk sent
|
FastLearner
Fury Holdings Brutally Clever Empire
|
Posted - 2007.08.27 19:58:00 -
[16]
Originally by: Researching King None specified as generally isk will be tied up in all these capital and component bpo's, and the whole point of this expansion is to remove shares from the corporate wallet, but by all means, if you feel you don't want your shares, contact me and I can personally buy them back at 11,500 isk per share where I have funds available.
Thanks for the clear answers. I believe the one above needs a slight modification: you're selling shares at 2400 each and buying them back at 11500? If so, put me down for a few billion worth and I'm sure some unexpected circumstance will arise shortly thereafter where I need to sell them back :)
|
Researching King
Time Cube Capital Ships Zzz
|
Posted - 2007.08.27 20:08:00 -
[17]
hehe thanks. 1,500 isk per share might sound better huh
like i said, /me learning
|
Meathireland
KAOS. KA0S Theory
|
Posted - 2007.08.27 20:32:00 -
[18]
50,000 shares for 120 mill please.
Isk sent
|
Palissa
|
Posted - 2007.08.27 21:14:00 -
[19]
Ill sign up for 150.000 shares for a total of 360M ISK
ISK send
|
Athias
|
Posted - 2007.08.27 21:23:00 -
[20]
The above post with Palissa should have been made by me.. UPS. Well at least I send the ISK from the right toon
|
|
Paul Horach
|
Posted - 2007.08.27 21:59:00 -
[21]
Edited by: Paul Horach on 27/08/2007 22:01:49 i'll take 50k @120m thx edit: isk send
|
SonOfAGhost
Minmatar Munitions and Tactical Assets Repository Zzz
|
Posted - 2007.08.27 22:33:00 -
[22]
Originally by: Researching King The guarantee shareholders can have, is in the event of a liquidation even at this point, the NAV would ensure a good 110% return (not counting the expansion or NAV growth periods)
I hope you see the flaw from the POV of existing shareholders. That's MY isk you're giving away to latecomers. There's a reason supplemental share offerings are usually done, not at or below NAV, but slightly above. The horse is out of the barn now though I guess.
Who needs the Nikkei when there's EBay? Lag? GTFOOJ! |
Researching King
Time Cube Capital Ships Zzz
|
Posted - 2007.08.28 01:43:00 -
[23]
Originally by: SonOfAGhost
Originally by: Researching King The guarantee shareholders can have, is in the event of a liquidation even at this point, the NAV would ensure a good 110% return (not counting the expansion or NAV growth periods)
I hope you see the flaw from the POV of existing shareholders. That's MY isk you're giving away to latecomers. There's a reason supplemental share offerings are usually done, not at or below NAV, but slightly above. The horse is out of the barn now though I guess.
The share price was calculated based off the new NAV. It is a little lower, but simply put, TCCS shares wouldn't have sold if placed higher. The corporation just hasn't had consistent enough results to interest the general public.
Don't let it worry you too much. TCCS is about to jump on the wave, and existing shareholders will benefit from the higher ROI (due to cheaper buyin costs), but have a profitable and resellable stake in TCCS which wasn't quite as obtainable prior to my posting.
|
Researching King
Time Cube Capital Ships Zzz
|
Posted - 2007.08.28 01:44:00 -
[24]
Ok all transactions are complete.
A corporate update:
1,800,876 shares available
Total Amount of isk raised = 1,792,243,003
Keep it up guys.
|
Kitex
Caldari Blacktag Test Labs
|
Posted - 2007.08.28 02:00:00 -
[25]
60m sent for 25k shares.
|
Isuo
Red 42 Infinite Innovation
|
Posted - 2007.08.28 10:08:00 -
[26]
i wanna purchase 50k @ 120mil isk. 120mil allready sent
-Im Amarr, i will adapt |
Tybereus Darkheart
The LoneStar Corp Edge Of Sanity
|
Posted - 2007.08.28 13:00:00 -
[27]
Edited by: Tybereus Darkheart on 28/08/2007 13:00:22 I will take 15,000 shares for 36million. I'll send the money when the server is up.
|
Imperius Blackheart
Caldari Trinity Nova KIA Alliance
|
Posted - 2007.08.28 13:01:00 -
[28]
It appears the Capital ship market is flooded currently, and from what I have seen the situation appears to be getting worse for producers & better for consumers and smaller and smaller margins need to be expected for the time being at least, with a larger % of the eve population capital capable and willing. Have you investigated the potential impact of a further price slide? I've seen carriers going for as little privately as 650mil... Which is a pitance and I imagine not far above cost.
I'm not sure the market is right for capital production atm, but that said I hold a small stake in TCCS and i'll happily increase this.
|
Chitah
Gallente PT RESEARCH INSTITUTE
|
Posted - 2007.08.28 13:45:00 -
[29]
10.000 Shares @ 24 mil please
Isk will be sent after patch deployment of today.
Cheers
|
Allison Lovey
Caldari Delictum 23216
|
Posted - 2007.08.28 14:10:00 -
[30]
hi, 5k shares for me at 12 mil, will send when server get back up <iframe src="http://www.battleclinic.com/eve_online/pk/view.php?type=player&name=Allison Lovey&included=true" width="900" height="800"></iframe> |
|
|
|
|
Pages: [1] 2 3 :: one page |
First page | Previous page | Next page | Last page |