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FastLearner
Fury Holdings
Brutally Clever Empire
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Posted - 2007.11.07 21:18:00 -
[61]
Yep, it was my alt's mothership which died last night. The mothership was privately owned - and Fury Holdings' mobile containers weren't on board (nor was any Fury Holdings stock). So it has absolutely no impact on Fury Holdings other than some resupply being a bit more painful due to having to jump it around in a cargo-expanded dread rather than in Iteron Vs loaded into the mothership.
The only ship Fury Holdings has a financial stake in (other than the mobile containers) is a high-sec freighter which is ony ever used by a character in an NPC corporation.
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RichThugster
Gallente
Invicta.
Synchr0nicity
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Posted - 2007.11.07 21:21:00 -
[62]
loan repaid then? thanks for replying
 Originally by: Joeyboy
When goons and company lose, it's because of lag, and when they win it's because of better tactics?
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FastLearner
Fury Holdings
Brutally Clever Empire
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Posted - 2007.11.07 21:31:00 -
[63]
Originally by: RichThugster
loan repaid then? thanks for replying
Whether the loan was repaid or not makes no difference - there's no rebate offered because someone lost whatever they bought with the loan :)
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FastLearner
Fury Holdings
Brutally Clever Empire
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Posted - 2007.11.09 02:07:00 -
[64]
Results for Week 3rd November 2007 - 9th November 2007.
Net Asset Value at start of week : 25.128 Billion ISK
----------
Breakdown of assets at end of period:
Fixed Assets
Ship/Major BPOs : 11.786 Billion
POS : 1.484 billion
POS Fuel/Stront : 200 million
Freighter : 900 million
Mobile Containers : 1.25 Billion
Stock
Minerals : 8.404 Billion
Modules/Ships : 30.344 Billion
BPCS : 1.85 Billion
Miscellaneous
Odds and Ends : 0.895 Billion
ISK
In Wallet : 13.809 Billion
Escrow : 3.16 Billion
Receivable : 21.92 Billion
Shares/Bonds
Revelations Direct : 6 billion
Gross Assets : 102.002 Billion
Liabilities
Current Accounts : (6.88 Billion)
Higher Interest Accounts : (66.832 Billion)
Total Liabilities : (73.712 Billion)
Net Assets : 28.29 billion
----------
Total Profit for week : 3.162 billion
Salary : 1.581 billion
Distributed Dividend : 780.5 million (3.11%)
Reinvested in Corporation : 780.5 million (3.11%)
Total profit for shareholders (dividend + growth) : 6.21%
---------
Share in circulation : 15000
Net Asset Value for period commencing 10th November 2007 : 25.908 billion (rounded to nearest million)
NAV per share for period commencing 10th November 2007 : 1.727 million
---------
Report
A mixed bag this week.
On the negative side I lost my mothership - which, while having little direct effect on Fury Holdings, does make logistics more tricky until I get round to replacing it. I say little (rather than no) direct effect as I'm currently unable to track one mobile container - so there may have been a cost of around 140 million to Fury Holdings. If so, it'll be reflected in next week's report.
On the positive side profits finally got past the 3 billion mark (even IF the mobile container needs to be written off). The total profit for shareholders this week was 6.21% - the first time it's been over 6%.
Fury Bank activity has been fairly slow - there's been a handful of deposits and an almost equal number of withdrawals this week. Which worked out pretty well, as POS purchasing/deployment is going slower than planned. Although it looks like 13 billion of cash was sitting idle, around 3.5 billion of that came in as deposits in the last 12 hours - and the majority of the rest is backing buy orders (don't we all love margin trading?).
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FastLearner
Fury Holdings
Brutally Clever Empire
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Posted - 2007.11.16 01:56:00 -
[65]
Results for Week 10th November 2007 - 16th November 2007.
Net Asset Value at start of week : 25.908 Billion ISK
----------
Breakdown of assets at end of period:
Fixed Assets
Ship/Major BPOs : 11.786 Billion
POS : 1.484 billion
POS Fuel/Stront : 200 million
Freighter : 900 million
Mobile Containers : 970 million
Stock
Minerals : 7.983 Billion
Modules/Ships : 33.724 Billion
BPCS : 1.75 Billion
Miscellaneous
Odds and Ends : 0.845 Billion
ISK
In Wallet : 14.16 Billion
Escrow : 3.739 Billion
Receivable : 20.323 Billion
Shares/Bonds
Revelations Direct : 6 billion
Gross Assets : 103.864 Billion
Liabilities
Current Accounts : (6.75 Billion)
Higher Interest Accounts : (67.75 Billion)
Total Liabilities : (74.5 Billion)
Net Assets : 29.364 billion
----------
Total Profit for week : 3.456 billion
Salary : 1.728 billion
Distributed Dividend : 864 million (3.33%)
Reinvested in Corporation : 864 million (3.33%)
Total profit for shareholders (dividend + growth) : 6.67%
---------
Share in circulation : 15000
Net Asset Value for period commencing 17th November 2007 : 26.772 billion (rounded to nearest million)
NAV per share for period commencing 17th November 2007 : 1.7848 million
Buyback price per share : 2.6772 million
---------
Report
This week marks 6 months of Fury Holdings operating. Another set of record profits see the total profit for initial shareholders passing the 150% mark.
One of the mobile containers WAS lost when the mothership died - it has been written off from assets this week (so, in fact, last week's profits should have been lower and this week's higher). A second mobile container has been sold off - I never actually used all 9 when I had the mothership and the likely upcoming nerf means they won't be much use after the next patch anyway (and they're obviously no use until I replace the mothership in any event).
The high level of profits this week was somewhat surprising - as, for various reasons, I was fairly inactive for the first half of the week. Luckily, the majority of things I do don't drop off much in profit unless I'm inactive for more than a few days in a row.
The first of our new POS chain is finally up and running - mining Dysprosium and Cadmium. Profits from that should start boosting overall profits within a few weeks - increasing more once the other mining/reacting POS are all deployed.
This week there were a fair few withdrawals AND deposits to Fury Bank - about 8 billion of each, with the overall increase in deposits being effectively just the interest paid (in fact, slightly under it - I pay over 1 billion per week in interest paymennts).
Mineral stocks continue to slowly get cleared down and sales stock continues to rise.
A pretty quiet week really.
You'll notice that a share buy-back value has now been added into the top section of this report. From now on I'm offering to buy-back Fury Holdings shares at 150% of NAV, rather than the 100% previously offered. I have no intention of executing a compulsory buy-back - I believe those to be dishonourable unless explicitly stated at the IPO launch or in the event of a player quitting Eve or closing down operations totally. Shareholders are, of course, free to sell their shares to anyone else at any price they choose.
Fury Holdings shares may also be used as collateral for loans from Fury Bank - up to 150% of their NAV.
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Shadarle
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Posted - 2007.11.16 03:17:00 -
[66]
Originally by: FastLearner
From now on I'm offering to buy-back Fury Holdings shares at 150% of NAV
Very impressive. Nice 50% boost to the profits of anyone who has invested.
Tanking Setups Compared
Stacking Penalty / Resists Explained |
FastLearner
Fury Holdings
Brutally Clever Empire
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Posted - 2007.11.16 03:21:00 -
[67]
Originally by: Shadarle
Originally by: FastLearner
From now on I'm offering to buy-back Fury Holdings shares at 150% of NAV
Very impressive. Nice 50% boost to the profits of anyone who has invested.
Well, anyone who takes the offer up would have made a 246.2% profit on their initial investment in 6 months.
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Feyloan
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Posted - 2007.11.16 15:59:00 -
[68]
Am I reading this totally incorrectly, or are the people who hold normal accounts getting higher returns than those with HIA? |
FastLearner
Fury Holdings
Brutally Clever Empire
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Posted - 2007.11.16 17:12:00 -
[69]
Originally by: Feyloan
Am I reading this totally incorrectly, or are the people who hold normal accounts getting higher returns than those with HIA?
You're reading it wrong.
The results reported are for Fury Holdings - the original IPO I launched. All dividends talked about in this thread are for the shareholders in that company.
"Normal" (current) accounts with Fury Bank get paid 1.4% a week - which is significantly less than HIA account holders get (HIA accounts pay around 1.76% per week).
Fury Holdings manages the funds deposited into Fury Bank (as well as it's own 25 billion or so of assets).
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Kaptein Trefot
Calista Industries
Brutally Clever Empire
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Posted - 2007.11.17 13:39:00 -
[70]
246.2% profit in 6 months. Please start up a RL IPO/bank as well mmmk? 
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Bakimi Ghevorchal
Praetoria Holdings
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Posted - 2007.11.17 17:04:00 -
[71]
Originally by: FastLearner
You're reading it wrong.
The results reported are for Fury Holdings - the original IPO I launched. All dividends talked about in this thread are for the shareholders in that company.
Fury Holdings manages the funds deposited into Fury Bank (as well as it's own 25 billion or so of assets).
OK, now I understand, thank you for clarifying. Any shares left in Parent Company? 
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CEO of Praetoria Holdings, a Public Company |
FastLearner
Fury Holdings
Brutally Clever Empire
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Posted - 2007.11.17 23:42:00 -
[72]
Originally by: Bakimi Ghevorchal
Originally by: FastLearner
You're reading it wrong.
The results reported are for Fury Holdings - the original IPO I launched. All dividends talked about in this thread are for the shareholders in that company.
Fury Holdings manages the funds deposited into Fury Bank (as well as it's own 25 billion or so of assets).
OK, now I understand, thank you for clarifying. Any shares left in Parent Company?
No shares in Fury Holdings have been issued since about June/July. It's very hard (i.e. impossible) for me to justify issuing new shares. In my role as CEO of Fury Holdings (actually, my alt Dr Smog holds that in-game position) my primary goal is to maximise return to shareholders - issuing new shares would be totally counter to that. I can only see two circumstances in which new shares would be offered:
1. If FH shares were trading on the stock markets at a price such that the return per month on shares (at purchase price) were below 8%. In that situation an auction of new shares would make sense.
2. If the general situation changed such that capital couldn't be raised from deposits in Fury Bank at 7.6%. That would require there to be a level of available, fairly well respected, investment opportunities paying above that level.
I HAVE toyed with the idea of allowing long-term bank depositors to convert their deposits to FH shares - but the problem is finding a balance which offers them an incentive without adversely affecting current shareholders' profits.
There WILL be other Fury-related share offerings in the future. The most likely next one is a 21 billion IPO to finance/back the lottery/premium bonds (with 7 billion - one third - of it pre-sold to FH). But such new opportunities will only occur when I have the staff in place to run them (I'm nearing the limit of time I'm willing to commit myself) AND the investment opportunities lined up to utilise the ISK.
Getting back to your question, if you want FH shares you'll have to negotiate to buy them off a current share-holder. Bear in mind that I offer a buy-back at 150% of NAV myself, so you'd need to out-bid that. I'm happy to act as a third-party for any transactions involving FH shares for no fee.
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FastLearner
Fury Holdings
Brutally Clever Empire
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Posted - 2007.11.22 12:59:00 -
[73]
Results for Week 17th November 2007 - 23rd November 2007.
Net Asset Value at start of week : 26.772 Billion ISK
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Breakdown of assets at end of period:
Fixed Assets
Ship/Major BPOs : 11.786 Billion
POS : 1.75 billion
POS Fuel/Stront : 681 million
Freighter : 900 million
Mobile Containers : 970 million
Stock
Minerals : 7.315 Billion
Modules/Ships : 37.053 Billion
BPCS : 1.75 Billion
Miscellaneous
Odds and Ends : 0.8 Billion
ISK
In Wallet : 12.594 Billion
Escrow : 3.834 Billion
Receivable : 21.442 Billion
Shares/Bonds
Revelations Direct : 6 billion
Gross Assets : 106.875 Billion
Liabilities
Current Accounts : (9.75 Billion)
Higher Interest Accounts : (67.256 Billion)
Total Liabilities : (77.006 Billion)
Net Assets : 29.869 billion
----------
Total Profit for week : 3.097 billion
Salary : 1.5485 billion
Distributed Dividend : 774.25 million (2.89%)
Reinvested in Corporation : 774.25 million (2.89%)
Total profit for shareholders (dividend + growth) : 5.78%
---------
Share in circulation : 15000
Net Asset Value for period commencing 24th November 2007 : 27.546 billion (rounded to nearest million)
NAV per share for period commencing 24th November 2007 : 1.8364 million
Buyback price per share : 2.7546 million
---------
Report
Report is being produced slightly early this week - as I have a lot of stock movement to do tonight and am not sure how much (if any) time I'll have tomorrow to produce the accounts if I didn't do it today. The early production of thereport, together with slower than usual sales last weekend, have led to slightly lower profits this week than the last two.
Other than that, a pretty uneventful week. I DID manage to accidentally offline a POS - dragged all of a fuel type from control tower instead of shift-dragging and, of course, the tower immediately ticked and offlined due to being out of fuel. Cue a few hours wasted re-onlining everything.
Very little change on bank deposits once again - with new deposits only slightly exceeeding withdrawals. When I get time I'll be updating the first post of this thread to reflect the current facilities on offer from Fury Bank - and at the same time more clearly state some of the details which people have got confused on. Loans, in particular, need some fresh documentation: initially these were offered based on a weekly interest rate but all current (and future) loans now operate on a daily rate.
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Calgorac
The Arrow Project
Morsus Mihi
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Posted - 2007.11.24 03:36:00 -
[74]
rrr
Latest News |
FastLearner
Fury Holdings
Brutally Clever Empire
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Posted - 2007.12.03 18:06:00 -
[75]
Edited by: FastLearner on 03/12/2007 18:06:44
Results for Week 24th November 2007 - 30th November 2007.
Net Asset Value at start of week : 27.546 Billion ISK
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Breakdown of assets at end of period:
Fixed Assets
Ship/Major BPOs : 11.786 Billion
POS : 1.75 billion
POS Fuel/Stront : 681 million
Freighter : 900 million
Mobile Containers : 970 million
Stock
Minerals : 8.338 Billion
Modules/Ships : 32.822 Billion
BPCS : 1.7 Billion
Miscellaneous
Odds and Ends : 0.76 Billion
ISK
In Wallet : 21.31 Billion
Escrow : 3.415 Billion
Receivable : 25.31 Billion
Shares/Bonds
Revelations Direct : 6 billion
Gross Assets : 115.742 Billion
Liabilities
Current Accounts : (11.65 Billion)
Higher Interest Accounts : (73.721 Billion)
Total Liabilities : (85.371 Billion)
Net Assets : 30.371 billion
----------
Total Profit for week : 2.852 billion
Salary : 1.426 billion
Distributed Dividend : 713 million (2.59%)
Reinvested in Corporation : 713 million (2.59%)
Total profit for shareholders (dividend + growth) : 5.18%
---------
Share in circulation : 15000
Net Asset Value for period commencing 1st December 2007 : 28.259 billion (rounded to nearest million)
NAV per share for period commencing 1st December 2007 : 1.8839 million
Buyback price per share : 2.8259 million
---------
Report
Bad results this week. The main reason is almost certainly the war-dec by MC on our alliance. Whilst no Fury Holdings were lost, sales dropped right off. Logistics was also made difficult - particularly the movement of minerals.
Next week's results will definitely be worse - probably a LOT worse. There are three main reasons for this:
1. The MC contract against us continues.
2. A full day of trading will be lost due to deployment of the patch. In practice this will probably end up being 2 days trading lost - due to server crashes and people looking at all the new features/items rather than buying older stuff.
3. Unfortunately I can't dissclose the third reason - but it's a short-term issue, not a bad thing (of itself) and I'll explain all about it in a week or two.
The observant will notice that we have a LOT more ISK on hand than usual this week. This is partly due to me intentionally letting stocks run low on items whose price I expect to fall after the new patch. getting caught with lots of stock which devalues would be a bad thing.
Next week's report is also likely to be a day or two late (like this one). This is because after the patch I'll have a LOT of trading to do - which has to take precedence over preparing a report.
I seriously expect this week's profits to be VERY low - probably less than 1 billion. I also expect a sharp bounce-back to normal profit levels (or even record ones) within 2 weeks after that.
Moving on to good news share-holders will hopefully, in the not too distant future, get a bumper week when Revelations Direct sells it's stock and is liquidated. I also have a decent pile of Dysprosium to sell when the time seems right - which isn't included at all in asset values at the moment (it was mined, not bought - and mined minerals aren't being reported until they're sold).
I'm still buying back shares at 150% of NAV if any share-holders don't want to weather a rocky week or two.
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FastLearner
Fury Holdings
Brutally Clever Empire
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Posted - 2007.12.08 21:47:00 -
[76]
Results for Week 1st December 2007 - 7th December 2007.
Net Asset Value at start of week : 28.259 Billion ISK
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Breakdown of assets at end of period:
Fixed Assets
Ship/Major BPOs : 12.21 Billion
POS : 1.75 billion
POS Fuel/Stront : 681 million
Freighter : 900 million
Mobile Containers : 970 million
Stock
Minerals : 12.77 Billion
Modules/Ships : 30.645 Billion
BPCS : 1.7 Billion
Miscellaneous
Odds and Ends : 0.76 Billion
ISK
In Wallet : 23.407 Billion
Escrow : 5.137 Billion
Receivable : 23.749 Billion
Shares/Bonds
Revelations Direct : 6 billion
Gross Assets : 120.679 Billion
Liabilities
Current Accounts : (14.15 Billion)
Higher Interest Accounts : (74.638 Billion)
Total Liabilities : (88.788 Billion)
Net Assets : 31.891 billion
----------
Total Profit for week : 3.632 billion
Salary : 1.816 billion
Distributed Dividend : 908 million (3.21%)
Reinvested in Corporation : 908 million (3.21%)
Total profit for shareholders (dividend + growth) : 6.42%
---------
Share in circulation : 15000
Net Asset Value for period commencing 8th December 2007 : 29.167 billion (rounded to nearest million)
NAV per share for period commencing 1st December 2007 : 1.9445 million
Buyback price per share : 2.9167 million
---------
Report
Not quite the disastrous week I'd been expecting. I'd expected sales to absolutely plummet due to:
1. The ongoing MC contract against us (which finished mid-week)
2. Most of BRUCE being in Fountain - and so not buying stock off me in Syndicate.
I was right - sales DID plummet: at a guess to around half the usual level. However what I hadn't considered was that before moving to Fountain, people sold off their stocks of minerals (and melted down unwanted loot) to me via the market at bargain basement prices. This coupled, with some patch-related gains took profits to their highest ever (in absolute terms) - but they didn't quite reach a record high as a percentage of NAV.
I'd expected a lot of withdrawals from the Bank to purchase new ships after the patch - but the few withdrawals there have been have been matched by new deposits. The high amount of ISK on hand will be reducing dramatically tonight and tomorrow as my buy orders in Jita get filled and I restock. Once we have Sovereignty in Fountain I'll be opening up shop there, in addition to my Syndicate sales.
Got no idea what profits will be like next week. Sales will still be substantially below normal for sure - and I have no idea how much more minerals remain to be dumped to me via the market. I also don't know when Revelations Direct will be liquidating - which will (hopefully) provide a one-off nice boost to profits that week.
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Hexxx
Minmatar
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Posted - 2007.12.10 02:40:00 -
[77]
Congratulations on your continued success and profits. =) A nice report as always and excellent commentary on the risks that you're currently managing.
Consulting, IPO Template, and Stock/Bond definitions.
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FastLearner
Fury Holdings
Brutally Clever Empire
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Posted - 2007.12.17 03:40:00 -
[78]
Results for Week 8th December 2007 - 14th December 2007.
Net Asset Value at start of week : 29.167 Billion ISK
----------
Breakdown of assets at end of period:
Fixed Assets
Ship/Major BPOs : 17.476 Billion
POS : 2.313 billion
POS Fuel/Stront : 1.628 billion
Freighter : 900 million
Mobile Containers : 970 million
Stock
Minerals : 14.661 Billion
Modules/Ships : 32.342 Billion
BPCS : 1.6 Billion
Miscellaneous
Odds and Ends : 1.255 Billion
ISK
In Wallet : 25.201 Billion
Escrow : 4.345 Billion
Receivable : 31.513 Billion
Shares/Bonds
Revelations Direct : 6 billion
Gross Assets : 140.204 Billion
Liabilities
Current Accounts : (20.25 Billion)
Higher Interest Accounts : (86.743 Billion)
Total Liabilities : (106.993 Billion)
Net Assets : 33.211 billion
----------
Total Profit for week : 4.044 billion
Salary : 2.022 billion
Distributed Dividend : 1011 million (3.47%)
Reinvested in Corporation : 1011 million (3.47%)
Total profit for shareholders (dividend + growth) : 6.93%
---------
Share in circulation : 15000
Net Asset Value for period commencing 15th December 2007 : 30.178 billion (rounded to nearest million)
NAV per share for period commencing 15th December 2007 : 2.0119 million
Buyback price per share : 3.0178 million
---------
Report
So much for my predicted 2 bad weeks. Profits passed 4 billion for the first time ever - meaning dividend passed 1 billion for the first time as well. Fury Holdings laos passed the landmark of original investors having now received 100% of their investment back in dividends - as well as having had the NAV value of their shares also increase by 100%. Any deposit who takes up my buy-back offer now will have made just over 300% profit on their initial investment.
Sales picked up a bit from last week, with the first sales in Fountain coming online. I'm still far from properly stocked stocked there, but the small amount of stock already in place is selling fairly briskly. Minerals continued to be dumped on me at low prices - but that seems to be tailing off now. Probably just as well - or my current mountain of minerals would turn into a mountain range.
Bank deposits have also picked up, with the result that I'll have to stop accepting new deposits before long (until I've got all my current logistics issues resolved). Deposit limits, for now, will be set at 100 billion in HIA accounts and 50 billion in Current Accounts. Exceptions, as ever, will be made for regular customers who have already established a pattern of deposits. If I manage to get some new outgoig loans arranged, or trip over a great investment opportunity then obviously this won't need to happen. Check the topic in chat channel "Fury Bank" before depositing - to make sure deposits are still being accepted. If a bunch of deposits come in at once while I'm not online to update topic then obviously excess deposits will be returned - along with pro-rata interest for any period for which I hold them.
If anyone wants loans they're available. The criteria to get them being:
1. You have sufficient easily-valued/sold collateral to cover 110% of the amount you want to borrow.
2. See #1
I don't care what you want the loan for or if you're a 1-day old alt. That's none of my concern. All I care about is that you provide sufficient collateral that if you default I can recover the amount loaned plus interest owed plus administrative costs. Rates can be as low as around 10% per month (if you're borrowing 10 billion+ and will be repaying 5% or less of principle per week). More typically, rates will be in the 11.5%-15% per month range. Drop a mail (NOT a convo) to Fury Banker if you're interested in a loan - indicating how much you're after and what your collateral (roughly) would be.
Main focus this week for Fury Holdings is getting more stock out to Fountain (and a proper sales alt there).
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FastLearner
Fury Holdings
Brutally Clever Empire
|
Posted - 2007.12.24 12:57:00 -
[79]
Edited by: FastLearner on 24/12/2007 12:57:34
Results for Week 15th December 2007 - 21st December 2007.
Net Asset Value at start of week : 30.178 Billion ISK
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Total Profit for week : 3 billion
Salary : 1.5 billion
Distributed Dividend : 750 million (2.49%)
Reinvested in Corporation : 750 million (2.49%)
Total profit for shareholders (dividend + growth) : 4.98%
---------
Share in circulation : 15000
Net Asset Value for period commencing 22nd December 2007 : 30.928 billion (rounded to nearest million)
NAV per share for period commencing 15th December 2007 : 2.0619 million
Buyback price per share : 3.0928 million
---------
Report
The most obvious thing is the total lack of detail in the figures above. Basically it was (and still is) impossible for me to calculate accurate figures - so I've paid out on the basis of a (conservative) estimate of 3 billion profit.
The reason for it being impossible to prepare proper accounts this week is that a significant portion of assets are currently in transit between Syndicate and Fountain. Whilst I can easily assess the vast majority of assets, sufficient are in corp hangars or POS towers to make producing accurate figures impossible. One area of Syndicate is being evacuated. My sales there have been cancelled and al lassets from there are in the process of being moved out. Over the weekend I moved something approaching 10 million m3 of stuff out - with the priority being to get it out quickly rather than to track it all accurately as it moved. There was a relatively limited time-span whilst we had 100-150 combat ships securing the movement route so I just moved everything as fast as possible. Hopefully I'll get it sorted enough to at least produce a more accurate estimate next week.
The stock in transit probably amounts to somewhere in the 3-8 billion worth range (plus a mountain of minerals) - and has negligible effect on activities. Unfrotunately the difference between 3 billion and 8 billion is huge when it comes to calculating profits. I picked 3 billion for the purposes of dividends/salary etc as that's the largest round number I'm totally confident doesn't exceeed actual profits.
The first markety i nFountain is now fully stocked other than with ships (haven't got a manufacturing POS up yet) and trade has been going nicely. A dedicated sales alt is now in place allowing me to stock a full range of modules - as well as mineral buy orders.
Fury Holdings has now purchased a second corp-owned freighter - meaning in total I now use three of them (2 corp-owned, one personally owned). One for high-sec, one for Syndicate and one for Fountain. For accounting purposes, the one in Fountain will be the privately owned one - that's the one at most risk and also the one most likely to be used for alliance business as well as for Fury Holdings business.
As has been stated in a seperate thread, no new HIAs are being opened. As of the time of this post, Fury Bank deposits are roughly 27.5 billion in Current Accounts and 99 billion in HIAs.
Other than clearing up the logistics mess in Syndicate, I'm planning on taking it fairly easy (in Eve) over Christmas/New Year. I shipped in an extra 15 billion worth of sales stock late last week so that I wouldn't have to worry about that too much over the holiday period. I still have rather more ISK in hand than I'd like - but the 400 million interest per week on 20 billion or so surplus ISK is really neither here nor there compared to the flexibility it gives in stock-management. Fountain isn't as easy to supply as Syndicate - so stock levels will have to increase. On the positive side, competition may well be lighter and profit margins slightly higher.
Hopefully Fountain BS production will get into full swing early in the New Year. Tomorrow (Christmas Day) we gain sovereignty in a third outpost system - and I've already bought up the old residents' (BoB's) remaining mineral stockpiles at fair (i.e. cheap) prices.
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FastLearner
Fury Holdings
Brutally Clever Empire
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Posted - 2007.12.28 11:23:00 -
[80]
Results for Week 22nd December 2007 - 28th December 2007.
Net Asset Value at start of week : 30.928 Billion ISK
----------
Breakdown of assets at end of period:
Fixed Assets
Ship/Major BPOs : 17.476 Billion
POS : 2.313 billion
POS Fuel/Stront : 1.628 billion
Freighters : 1.84 billion
Mobile Containers : 970 million
Stock
Minerals : 17.32 Billion
Modules/Ships : 37.3 Billion
BPCS : 1.3 Billion
Miscellaneous
Odds and Ends : 1.15 Billion
ISK
In Wallet : 38.834 Billion
Escrow : 3.616 Billion
Receivable : 35.314 Billion
Shares/Bonds
Revelations Direct : 6 billion
Gross Assets : 165.061 Billion
Liabilities
Current Accounts : (26.771 Billion)
Higher Interest Accounts : (103.439 Billion)
Total Liabilities : (130.21 Billion)
Net Assets : 34.851 billion
----------
Total Profit for week : 3.923 billion
Salary : 1.9615 billion
Distributed Dividend : 980.75 million (3.17%)
Reinvested in Corporation : 980.75 million (3.17%)
Total profit for shareholders (dividend + growth) : 6.34%
---------
Share in circulation : 15000
Net Asset Value for period commencing 29th December 2007 : 31.909 billion (rounded to nearest million)
NAV per share for period commencing 29th December 2007 : 2.1273 million
Buyback price per share : 3.1909 million
Funds on Deposit in Fury Bank : 130.21 billion
Est. Interest bill for period commencing 29th December 2007 : 2.198 billion
---------
Report
Back to a full report this week. Not all stock has been moved yet, but the vast majority has (rest will be moved over the weekend) and I was able to make what I believe is a pretty good estimate of the goods still in locations where stock-taking is tricky.
Profits aren't all that brilliant on the face of it (bearing in mind last week's profit was estimated on the low side). There's a few reasons for this - which, when taken together, make the results much better than they may at first seem:
1. It's Christmas. Activity in general was down, so sales were lower than usual. Interest payments, however, had to be made as usual.
2. Mineral prices collapsed this week. This reduced the value of my mineral stocks by 1 billion.
3. No moon-mining product has been sold recently. A few billion worth will be getting sold next week - so expect a bumper profit next week.
4. Despite closing HIAs to new customers, Fury Holdings is still sitting on a fair sized pile of unused ISK. About half of this will be getting put to use over the weekend, reducing the cash balance to around where I'd like it to be.
5. The last few reports were done a day or two late. This one is being done a day early (as I have a pile of logistics and purchasing to do over the next few days - so wanted to get the accounts out of the way). This meant that the last two weeks' profits are actually only for about 11 days, incuding only one weekend's trading (the busiest part of the week).
Taking all these factors together, the future looks bright. Real profits for Fury Holdings are probably around 4.5 billion per week now - just they don't get liquidated and reported on a pro-rata basis each week.
Over the weekend I'll be tidying up the remaining logistics resulting from leaving one Syndicate area. A second sales outlet in Fountain will then be fully stocked with modules. Production of BS in Fountain will also start mid-week, after the deployment of a manufacturing POS. This week I built around 50 BS in Syndicate, 2/3 of which have already sold. Once the Fountain POS is up I'll be aiming at about 50 BS/week there as well: though getting up to full capacity will take a while.
(cont)
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FastLearner
Fury Holdings
Brutally Clever Empire
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Posted - 2007.12.28 11:26:00 -
[81]
(Cont)
The report now includes the total on deposit in Fury Bank, as well as the estimated interest payment due for the next week. For those interested in such figures, the estimated interest paid by Fury Bank this week was 2.1 billion. Add that to Fury Holdings profits and you get a gross profit of approximately 6 billion on total capital of around 160 billion.
That works out to a gross profit for the week of 3.75%.
And that equates to making a gross profit of around 16% per (30-day) month on capital of 160 billion.
When you consider that only 120-130 billion of that was actually used, the gross profit per month rises to nearer 20%.
If anyone questioned how Fury Bank could pay nearly 8% per month for capital in HIAs, there's your answer.
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Tricer1
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Posted - 2007.12.28 19:46:00 -
[82]
Hi.
Please provide a link to FuryBank. I'd like to put money into the bank. I understand this thread is for the IPO and apologize in advance if I derailed the thread.
Thanks.
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FastLearner
Fury Holdings
Brutally Clever Empire
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Posted - 2007.12.29 09:58:00 -
[83]
For info on Fury Bank, just join the in-game chat channel "Fury Bank" and look at the topic. High Interest accounts aren't currently available to new customers, but current accounts (paying 1.4% per week via dividend) are.
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FastLearner
Fury Holdings
Brutally Clever Empire
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Posted - 2008.01.03 19:54:00 -
[84]
Results for Week 29th December 2007 - 4th January 2008.
Net Asset Value at start of week : 30.928 Billion ISK
----------
Breakdown of assets at end of period:
Fixed Assets
Ship/Major BPOs : 18.071 Billion
POS : 2.887 billion
POS Fuel/Stront : 1.619 billion
Freighters : 1.84 billion
Mobile Containers : 970 million
Stock
Minerals : 20.686 Billion
Modules/Ships : 45.594 Billion
BPCS : 1.1 Billion
Miscellaneous
Odds and Ends : 1.05 Billion
Long-term/Speculative : 14.57 Billion
ISK
In Wallet : 22.862 Billion
Escrow : 5.369 Billion
Receivable : 35.1 Billion
Shares/Bonds
Revelations Direct : 6 billion
Gross Assets : 177.718 Billion
Liabilities
Current Accounts : (34.909 Billion)
Higher Interest Accounts : (105.819 Billion)
Total Liabilities : (140.728 Billion)
Net Assets : 36.99 billion
----------
Total Profit for week : 5.081 billion
Salary : 2.5405 billion
Distributed Dividend : 1270.25 million (3.98%)
Reinvested in Corporation : 1270.25 million (3.98%)
Total profit for shareholders (dividend + growth) : 7.96%
---------
Share in circulation : 15000
Net Asset Value for period commencing 5th January 2008 : 33.179 billion (rounded to nearest million)
NAV per share for period commencing 5th January 2008 : 2.212 million
Buyback price per share : 3.3179 million
Funds on Deposit in Fury Bank : 140.728 billion
Est. Interest bill for period commencing 5th January 2008 : 2.354 billion
---------
Report
Another record-breaking week. Don't expect this level of profits consistently (yet) - profits this week were somewhat inflated by the sale of a bunch of moon products. I did, however, buy all the pos fuels and materials for my limited T2 production this week (neither of which increases assets in the report - due to the way in which I account for them).
Sales are now fully underway in two stations in Fountain - other than manufactured T1 ships. The increase in POS valuations this week reflects the purchase of a production POS - and the increase in mineral stock levels reflects the purchase of minerals ready to commence serious manufacture of bs shortly.
POS fuel prices dropped pretty much across the board - causing a revaluation (downwards) of my POS fuel stocks. Hence this value falling slightly, despite me actually having a larger stock of fuel than previously.
The observant may have noticed a new entry in the accounts - "Speculative/long-term". This entry refers to funds being deployed for certain long-term and/or speculative ventures (run by myself - no third-parties involved) which I'm not intending to detail. I could have rolled the capital into other relevant categories - but as I account for them seperately myself they get their own entry in the accounts.
The noticable increase in funds in escrow is due largely to my relocating a few alts. The one I previously used for Jita buying now handles sales/purchase in a Fountain station - and their replacement hasn't got all trade skills fully trained yet. So at present buy orders in Jita are not benefitting from a high level of margin trading (character currently only has level 2).
Fury Bank continues to get new investors at a decent rate - despite only current accounts being available. The good news for Fury Holdings shareholders is that if this continues there'll be no need to open up more HIAs - meaning new capital is available slightly cheaper.
Focus for this week is getting BS production running in Fountain and planning Fury Holdings' moon-mining strategy there.
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FastLearner
Fury Holdings
Brutally Clever Empire
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Posted - 2008.01.03 19:58:00 -
[85]
Fury Bank issued a further 100,000 shares this week. This allows current accounts to expand from their current ceiling of 50 billion deposits to 100 billion. Whilst not all of that capacity will be released at once, the share issue has been done now to facilitate expansion as and when needed.
The downside of that is that 2.8 billion (instead of 1.4) will have to be dividended each week to cover Current Account interest. This will mean 2 dividend payents having to be made - due to the hard-coded restriction on maxmum dividended amount. Apologies to all our depositors for the extra spam mail each week.
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SiJira
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Posted - 2008.01.04 22:38:00 -
[86]
Originally by: FastLearner
Fury Bank issued a further 100,000 shares this week. This allows current accounts to expand from their current ceiling of 50 billion deposits to 100 billion. Whilst not all of that capacity will be released at once, the share issue has been done now to facilitate expansion as and when needed.
The downside of that is that 2.8 billion (instead of 1.4) will have to be dividended each week to cover Current Account interest. This will mean 2 dividend payents having to be made - due to the hard-coded restriction on maxmum dividended amount. Apologies to all our depositors for the extra spam mail each week.
thats a big announcement
Trashed sig, Shark was here |
Ufl
Caldari
Nucon
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Posted - 2008.01.04 22:41:00 -
[87]
Originally by: FastLearner
Fury Bank issued a further 100,000 shares this week. This allows current accounts to expand from their current ceiling of 50 billion deposits to 100 billion. Whilst not all of that capacity will be released at once, the share issue has been done now to facilitate expansion as and when needed.
The downside of that is that 2.8 billion (instead of 1.4) will have to be dividended each week to cover Current Account interest. This will mean 2 dividend payents having to be made - due to the hard-coded restriction on maxmum dividended amount. Apologies to all our depositors for the extra spam mail each week.
So if all your money is invested in
FUEL STOCKS
Then how do depositors get their cash back in the event of a run on the bank?
Please answer in full detail.
http://www.NewUniverseExchange.com
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Hexxx
Minmatar
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Posted - 2008.01.05 03:25:00 -
[88]
Originally by: Ufl
Originally by: FastLearner
Fury Bank issued a further 100,000 shares this week. This allows current accounts to expand from their current ceiling of 50 billion deposits to 100 billion. Whilst not all of that capacity will be released at once, the share issue has been done now to facilitate expansion as and when needed.
The downside of that is that 2.8 billion (instead of 1.4) will have to be dividended each week to cover Current Account interest. This will mean 2 dividend payents having to be made - due to the hard-coded restriction on maxmum dividended amount. Apologies to all our depositors for the extra spam mail each week.
So if all your money is invested in
FUEL STOCKS
Then how do depositors get their cash back in the event of a run on the bank?
Please answer in full detail.
Then he would have to liquidate assets to cover it.
Here's a better question; do you honestly think anyone is going to go into a "panic" with FuryBank? FastLearner is a trusted name with a solid reputation.
This concept may be a bit odd to you; you haven't shown a real understanding of what reputation means around here.
Consulting, IPO Template, and Stock/Bond definitions.
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FastLearner
Fury Holdings
Brutally Clever Empire
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Posted - 2008.01.05 04:01:00 -
[89]
Edited by: FastLearner on 05/01/2008 04:02:04
Originally by: Ufl
Originally by: FastLearner
Fury Bank issued a further 100,000 shares this week. This allows current accounts to expand from their current ceiling of 50 billion deposits to 100 billion. Whilst not all of that capacity will be released at once, the share issue has been done now to facilitate expansion as and when needed.
The downside of that is that 2.8 billion (instead of 1.4) will have to be dividended each week to cover Current Account interest. This will mean 2 dividend payents having to be made - due to the hard-coded restriction on maxmum dividended amount. Apologies to all our depositors for the extra spam mail each week.
So if all your money is invested in
FUEL STOCKS
Then how do depositors get their cash back in the event of a run on the bank?
Please answer in full detail.
Well, they pull up at my filling station - and I fill up their tank.
EDIT: And if their tank isn't big enough I sell them a bigger tank and dividend the profits from selling them it between all my shareholders. Hope that's specific enough.
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Shadarle
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Posted - 2008.01.05 04:59:00 -
[90]
Originally by: FastLearner
Edited by: FastLearner on 05/01/2008 04:02:04
Originally by: Ufl
Originally by: FastLearner
Fury Bank issued a further 100,000 shares this week. This allows current accounts to expand from their current ceiling of 50 billion deposits to 100 billion. Whilst not all of that capacity will be released at once, the share issue has been done now to facilitate expansion as and when needed.
The downside of that is that 2.8 billion (instead of 1.4) will have to be dividended each week to cover Current Account interest. This will mean 2 dividend payents having to be made - due to the hard-coded restriction on maxmum dividended amount. Apologies to all our depositors for the extra spam mail each week.
So if all your money is invested in
FUEL STOCKS
Then how do depositors get their cash back in the event of a run on the bank?
Please answer in full detail.
Well, they pull up at my filling station - and I fill up their tank.
EDIT: And if their tank isn't big enough I sell them a bigger tank and dividend the profits from selling them it between all my shareholders. Hope that's specific enough.
Haha, good answer!
Tanking Setups Compared
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