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ADMIN: Request IP check on member cp279

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Re: ADMIN: Request IP check on member cp279

Postby Robin Hood » Thu Jan 05, 2017 8:47 pm

DT:

once again RH, when you recapitalize a company and issue new shares, the money goes into the company. Much like when you setup a new company and buy its shares for the first time. Its not that complicated, 1bn Eur went into the bank of Cyprus from a NEW SHARE ISSUE. They weren't brought from other shareholders, the bank issued new shares, the hedge funds paid for them and the bank received the money as equity.

I have no problem with that explanation in that instance.

This is fresh cash injected directly into the economy via the bank which is probably one of the most direc ways of impacting an economy.

I also have no problem with that explanation.

Once again. The bank was RECAPITALISED, it ISSUED NEW SHARES, THE INVESTORS PAID THE BANK FOR THE SHARES not some other shareholder).

I agree! As I have said new shares bought equals a injection of money into the company, bank, economy .... whatever! Further transactions with those same shares do not create new investments.


That is exactly what I said. I have no difficulty understanding it ..... but I am talking generally NOT one specific example of the BoC. We were actually discussing the Noble Energy deal ..... not banking, The Boc example was really irrelevant. It was thrown in to demonstrate how the US was the number one investor in Cyprus which, according to Govt. figures to 2010 it is not. Russia is a far greater contributor to the Cyprus economy than the USA going on official government figures.

As a footnote: The contribution to the Cyprus economy by the UK pensioners living her is around 500m a year. So 'we' contribute about half as much as the US investment in BoC. The difference being that 'we' contribute that every year ..... not just a one off. :wink:
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Re: ADMIN: Request IP check on member cp279

Postby DT. » Thu Jan 05, 2017 9:42 pm

Robin Hood wrote:DT:

once again RH, when you recapitalize a company and issue new shares, the money goes into the company. Much like when you setup a new company and buy its shares for the first time. Its not that complicated, 1bn Eur went into the bank of Cyprus from a NEW SHARE ISSUE. They weren't brought from other shareholders, the bank issued new shares, the hedge funds paid for them and the bank received the money as equity.

I have no problem with that explanation in that instance.

This is fresh cash injected directly into the economy via the bank which is probably one of the most direc ways of impacting an economy.

I also have no problem with that explanation.

Once again. The bank was RECAPITALISED, it ISSUED NEW SHARES, THE INVESTORS PAID THE BANK FOR THE SHARES not some other shareholder).

I agree! As I have said new shares bought equals a injection of money into the company, bank, economy .... whatever! Further transactions with those same shares do not create new investments.


That is exactly what I said. I have no difficulty understanding it ..... but I am talking generally NOT one specific example of the BoC. We were actually discussing the Noble Energy deal ..... not banking, The Boc example was really irrelevant. It was thrown in to demonstrate how the US was the number one investor in Cyprus which, according to Govt. figures to 2010 it is not. Russia is a far greater contributor to the Cyprus economy than the USA going on official government figures.

As a footnote: The contribution to the Cyprus economy by the UK pensioners living her is around 500m a year. So 'we' contribute about half as much as the US investment in BoC. The difference being that 'we' contribute that every year ..... not just a one off. :wink:


Glad you're getting me. Btw it wasn't a one off transaction though, Third Point another US hedge fund had executed the same recapitalization transaction for Hellenic Bank.
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Re: ADMIN: Request IP check on member cp279

Postby Paphitis » Thu Jan 05, 2017 11:44 pm

Forum idiot has spoken again only issue is I was talking about Foreign Direct Investment of US Companies into Cyprus - for example, the Noble Energy investment in Aphrodite which already exceeds 1 Billion, the construction of a new Casino Resort, the buying of Hellenic Bank and Bank of Cyprus Shares through US Hedge Funds and the number of US owned ships on the Cyprus Registry.

Also the amount of aid Cyprus receives, such as 2 Dual Use Vessels for the Cyprus Police and Customs.

I'm not talking about a few British Pensioners buying their porridge at the 711 or buying a new pair of sandals and white socks!
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Re: ADMIN: Request IP check on member cp279

Postby Robin Hood » Fri Jan 06, 2017 7:42 am

DT:

Glad you're getting me. Btw it wasn't a one off transaction though, Third Point another US hedge fund had executed the same recapitalization transaction for Hellenic Bank.


I think we are talking the same talk ? I was talking in principal rather than one or two specific cases. :)
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Re: ADMIN: Request IP check on member cp279

Postby Sotos » Fri Jan 06, 2017 6:06 pm

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Re: ADMIN: Request IP check on member cp279

Postby GreekIslandGirl » Sat Jan 07, 2017 12:23 am

Those figures suggest Europe is the main investor in Cyprus and Greece makes a huge contribution considering its small size.
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Re: ADMIN: Request IP check on member cp279

Postby Paphitis » Sat Jan 07, 2017 12:28 am

Sotos, we are talking about investments by US Firms into Cypriot Firms or businesses plus development. We are not talking about the investments made by British Expats, Rossopontoi and so on.

When the Americans own most of your Banks, are about to build one of the largest Casino Resorts and when Noble Energy are spending over a Billion so far just mobilizing Oil Rigs into Aphrodite,
I count that as investment from USA. When they buy the Shares of Hellenic Bank and BoC. That isn't captured in your data somehow.

Oh btw, Pootin is a smarter businessman than Trump. Pootin is worth 70 Billion. Trump worth just under 10 Billion.

Pootin is worth almost as much as Gates and Apple. Pootin worth more than Murdoch.

Didn't realize the Russian Angourkia Industry was so lucrative.
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Re: ADMIN: Request IP check on member cp279

Postby Paphitis » Sat Jan 07, 2017 12:31 am

GreekIslandGirl wrote:Those figures suggest Europe is the main investor in Cyprus and Greece makes a huge contribution considering its small size.


Europe is 28 countries. We are talking country by country here. Otherwise you might as well count TPP countries and combine the USA with its TPP countries which includes Canada, Japan, Australia, Singapore and NZ.

BTW, USA spent more than 15 million just in its Oul Rigs alone which means they are not capturing that and a whole lot of other investment.
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Re: ADMIN: Request IP check on member cp279

Postby Paphitis » Sat Jan 07, 2017 12:36 am

Because let's face it. Australia is also a big investor in Cyprus. One Australian Investment is worth millions all on its own.

Cobalt Aviation - is an Australian Owned business. Cobalt employ 250 people and rising with continuous expansion of their fleet up to A330 and long haul direct flights to China and plans for long haul direct flights to USA from Cyprus.

Oh and btw, Kerry Packer's son owns Crown Casinos and has some of the biggest Casinos in the world and is a bidder for the Cyprus Casino Licence.
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Re: ADMIN: Request IP check on member cp279

Postby DT. » Sat Jan 07, 2017 12:49 am

Paphitis wrote:Because let's face it. Australia is also a big investor in Cyprus. One Australian Investment is worth millions all on its own.

Cobalt Aviation - is an Australian Owned business. Cobalt employ 250 people and rising with continuous expansion of their fleet up to A330 and long haul direct flights to China and plans for long haul direct flights to USA from Cyprus.

Oh and btw, Kerry Packer's son owns Crown Casinos and has some of the biggest Casinos in the world and is a bidder for the Cyprus Casino Licence.


Sorry Paphitis but I know first hand that cobalt is purely Hong Kong funded. They had an Australian CEO who was fired.
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