Sunday, February 26, 2017

Investor invested, Consumer consumed

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In the interests of balance and completion, it does to go high and low, good and bad. While you are unlikely to become either an usher or a neurologist for the money, it is useful to know the value society places on different occupations: a pharmacy assistant and a veterinary nurse are working in the broader healthcare field that profits pathologists and pharmaceutical giants like McKesson.

In the same spirit I began to wonder how companies figured in the absence of those features like stocks and bonds and inventory capital. Sure, you have bankruptcies and failed ventures but - just as the "commodities" links on those super companies don't always indicate that the they deal in commodities - a scan over absence may reveal

For instance, ASIC warns you of the unlicensed companies you shouldn't deal with.

Both Fortune and Investopedia advise us that it is better to separate the roles of Chairman and CEO though blue chips persist in combining them

The Finance Base list the advantages and disadvantages of issuing bonds to raise capital.

Capshare blog on why private companies don't need to issue stock certificates.

Investor.gov from the US giving a detailed rundown on the issuing of stocks; why companies offer them and why we invest.

Yahoo on the same search reminding us there are some very large companies that don't pay dividends

Lectlaw cautions that debentures carry risk

See what Demonocracy.info thinks of derivatives

A word on warrants straight from Stock Warrants HQ

If you ever got serious about investing - I could be talking to myself here - you'd be forever taking notes

There's the grind of trading in futures

What were we saying about commodities?
What options are there?

An overview of trusts in Australia

All aboard for fund time

Cuffelinks asks us not to judge all small companies by their poor index returns
Australian health food companies doing well on the stock exchange

Companies with no revenue still valued highly! A holding company with no operating income
Re-bursting the dot com bubble to illustrate companies with no profit, no equity or no assets (but presumably, for a time, still had reasonable brand value to attract the unwise investments)

Wednesday, February 22, 2017

How low can you go



This is from the Daily Telegraph and from four years ago so doubly unreliable but I'm going to hazard a guess that the order of lowly remunerated positions in Australia hasn't changed overly much.

By this I mean occupation, not loafers on a payout (ahem) or pensioners


  1. Fast food cooks
  2. 'Other' hospitality workers
  3. Outdoor adventure guides
  4. Hairdressers
  5. Sewing machinists
  6. Pharmacy sales assistants
  7. Beauty therapists
  8. Cafe workers
  9. Veterinary nurses
  10. Waiters
Forty one thousand nine hundred and nine dollars doesn't sound like making too much of a fuss about being misleading; hardly worth the wait. The Tele has the jobs in descending order culminating with the McDonald's et al kids getting screwed over the most - or having the most basic job, whichever way you want to look at it. $37,705 is four thousand two hundred dollars less at the end of the day, or year rather.

But we didn't count the difference in the richly rewarded, why the poverty stricken? Well, because every dollar counts when you're impoverished. 
Remember though that these are jobs just out of school for the most part. At least the lowest two on the list are and there are waiters who double as students on overseas jaunts. Meanwhile migrant workers (wo)man the sewing machines.

Maybe adventure guides are thrill seekers who have found a way to monetise their pursuit and so aren't in it for the money.
As the paper points out, these are careers that do require certificates from TAFE or private providers so you're effectively training to be in a menial job.

Wednesday, February 15, 2017

Occupay's shit

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  1. Cooks, Fast Food
  2. Combined Food Preparation and Serving Workers, Including Fast Food
  3. Shampooers
  4. Dishwashers
  5. Hosts and Hostesses, Restaurant, Lounge, and Coffee Shop
  6. Baristas
  7. Counter Attendants, Cafeteria, Food Concession, and Coffee Shop
  8. Cashiers
  9. Ushers, Lobby Attendants, and Ticket Takers
  10. Amusement and Recreation Attendants


Tuesday, February 14, 2017

Careering

Highest Paid Jobs In Australia

Image result for neurosurgeon

Men

  1. Neurosurgeon                                                 $577,674 
  2. Ophthalmologist                                             $552,947 
  3. Cardiologist                                                    $453,253 
  4. Plastic and reconstructive surgeon                 $448,530 
  5. Gynaecologist; Obstetrician                           $446,507 
  6. Otorhinolaryngologist                                    $445,939 
  7. Orthopedic surgeon                                        $439,629 
  8. Urologist                                                         $433,792 
  9. Vascular surgeon                                             $417,524 
  10. Gastroenterologist                                          $415,192

Women

  1. Judge — law                                                  $355,844
  2. Neurosurgeon                                               $323,682
  3. Plastic and reconstructive surgeon             $281,608
  4. Futures trader                                                 $281,600
  5. Vascular surgeon                                          $271,529
  6. Gynaecologist; Obstetrician                        $264,628
  7. Gastroenterologist                                        $260,925
  8. Magistrate                                                      $260,161
  9. Anaesthetist                                                   $243,582
  10. Ophthalmologist                                          $217,242

Monday, February 13, 2017

Other Jobs Than Steve

That look at the best remunerated, in salary and bonuses, exposes the influence such a position has.

Without the votes of shareholders and decision of the Board, a Chief Executive in America comes in at twenty second on the scale of high paid positions just below Family and General Practioners. They are exceeded by medical specialists of every description.


  1. Anesthesiologists
  2. Surgeons
  3. Oral and Maxillofacial Surgeons
  4. Obstetricians and Gynecologists
  5. Orthodontists
  6. Radiologists
  7. Pathologists
  8. Neurologists
  9. Allergists and Immunologists
  10. Urologists
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Monday, February 06, 2017

Taking stock

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If this was a stockbroker's blog, even a stocktaker's blog, we would now be analysing the risk factor of BP. There's no doubt it's been tremendously successful and has vast power and, as one of the largest energy providers with vast reserves its a cinch to feature on the energy indices and the oil and gas indices as well as a number of national indices. It started out as the greatly more manifest Anglo-Persian Oil Company and then used its acquisitive powers to pick up Castrol along the way, Standard Oil of Ohio, ARCO and Amoco

So there's nothing wrong with its acumen. But that is offset by all those payouts for explosions and spills, particularly where there's loss of life.

As a mug punter, I would leave this one to the sharks. Still, that's not our purpose.

We want to know which stock exchanges or markets handle BP and its products and services, where BP can be found, whether there are such a thing as BP Futures or Bonds. And then to apply the blowtorch to the belly of those other business entities stroke companies and their place in the market.
In 2010 JPMorgan Chase owned more of BP than the other top nine shareholders including BlackRock

Chairman is Carl-Henric Svanberg (who is also chairman of Volvo) and CEO Bob Dudley

BP does pay dividends and BP Prudhoe Bay Royalty Trust is but one fund that is inextricably linked with its investments with the company. Naturally, it holds securities as well as debentures, derivatives, warrants, options
It has $258.85 billion dollars in assets, and equity circa end calendar year 2014 of $112,642,000,000

Dropping Glencore off the list and replacing it with Vitol means we don't need to take another look at a mining company. I don't think they're going to be principally different to an oil company.

II

Now we know that banks are big holders of assets but is there anything unique about BNP Paribas in comparison to the other entities on this list?
Banque Nationale de Paris was founded in 1848, Paribas in 1872. They merged in 2000.
CEO is Jean-Laurent Bonnafé and Chairman Jean Lemierre
The combined bank has €42.938 billion in revenue, operating income of €9.787 billion. It made a profit of €6.694 billion in 2015. It has €96.269 billion in equity and holds assets of €1.994 trillion

The company is a component of the Euro Stoxx 50 stock market index and has the distinction of having the highest brand value in France. BNP Paribas is one of the largest banks in the world.

Banks are acquisitive by nature and there is more than the streamlined history suggests; Banque nationale pour le commerce et l'industrie (BNCI) and Comptoir national d'escompte de Paris (CNEP) combined in 1966, 'Paris and Amsterdam banks combine in Pays-Bas or Paribas
the real challenge when determining whether warrants and other options are available where BNP Paribas is concerned, is knowing whether it is something they handle as a core part of their trade or whether the debentures and derivatives also apply to them as a business featured on exchanges and indices. I'd venture they do both. Just as futures and bonds appear on both sides of the ledger. Trust funds continue to feature.

III

Although they would have rolling stock, China Railway is a service. In this case transport. It trades in securities
Let's see about
derivatives
debentures
warrants
notes
futures
commodities
options
bonds
dividends
trusts
funds
indices

so, yes, just as involved. At least, the construction wing is

IV

Now don't wag your finger at McKesson, they're in that sort of business.

derivatives
debentures
warrants
notes
futures
commodities
options
bonds
dividends
trusts
funds
indices

V

MORL is an Exchange Traded Fund, it operates on the market without having a real world correlative


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