466700+ entries in 0.305s
trinque: little guy seems
to be doing alright
☟︎ flyplymouth: If you want
talk serious finance
then you need
to
talk
to FD.
williamdunne: Lol,
their
testimonial is one of
their employees saying how he is properly worked
williamdunne: flyplymouth: A bond is something
that people with actual money can get behind
williamdunne: flyplymouth: Why? Anything I want
to
talk
to you about I will
talk
to you about here
williamdunne: danielpbarron: Shhh, don't
tell her we've seen it!
flyplymouth: if you want
to chat more about investment, you best contacting us direct
williamdunne: flyplymouth: Certainly
talking about enough money
to justify it..
williamdunne: flyplymouth: So once you've "stress
tested"
this business plan, rather
than going for government money, why don't you become
the first CIC
to issue publicly
traded bonds?
williamdunne: flyplymouth: Everyone on
this channel understands what bonds are, dw about
that
williamdunne: flyplymouth: Promise of interest in return for money
today, I'm not
too bothered by
technicalities
Landgull: Ok, what kind of rate could you sustain on your bond, and what exactly are your creditors entitled
to seize?
flyplymouth: Bonds and loans are not
techically
the same
thing.
flyplymouth: divdends are not
the only way
to generate a return. Bonds / Investment Agreements.
williamdunne: flyplymouth: How would
they generate returns?
This is what we're asking. You can't pay dividends so..?
flyplymouth: why would a billionaire invest in an airport? If
they want
to develop and grow Plymouth whilst also generating a good return. Recent studies from aviation industry have said
that Plymouth Airport could add 240 jobs
to local economy and £20m a year
to wider economy. It also helps having one of
the largest naval bases in Europe in Plymouth, which attracts manufacturers and business
to visit
the area
williamdunne: But speaking about NHS staff unhappy at
their low wages, Mr Dawson suggested
they could retrain and work in another industry."
williamdunne: "Mr Dawson said it was a Budget for everyone,
that
the prices of food and fuel had come down, and
that
thanks
to
the Budget he yesterday signed off a deal with a European country
to build factories.
Landgull: You need
to have a better risk-adjusted return
than 1, or a better cause
than 2.
williamdunne: flyplymouth: I doubt Chris Dawson is
too bothered about having
to go
to London
to catch a flight
Landgull: Plymouth, what people are asking you is why a billionare would rather put his money with you
than either 1) putting it in some blue-chip stock, or 2) directly giving it
to a charity
that
they care about.
flyplymouth: it also depends on how
they choose
to invest equity/ fixed return etc.
williamdunne: Have you spoken
to Plymouth's sole billionaire?
flyplymouth: If you are a billionaire,
then
there are options for private investment.
williamdunne: flyplymouth: Most of our
transport infrastructure is government owned
flyplymouth: In
terms of social enterprise, most of our
transport infrstructure is based on social enterprise model
williamdunne: flyplymouth: Its not about if you're legally allowed
to do it, its more I'm a billionaire, why
the fuck do I give you money for a social program? While it can work with a small homeless shelter, you're
talking about an airport. Not like
there is one landlord who owns half of Plymouth and
the surrounding area who wants
to increase property values.
chetty: why would someone invest in something not intended
to make money?
flyplymouth: As you will have seen in news of late,
Transport Secretary and others have said it can reopen,
the question is who opens it. We want
to safeguard
the airport for
the long
term.
williamdunne: trinque:
There are a couple of legal structures for it, like a community corporation or something of similar name
mircea_popescu: flyplymouth so let me see if i understand. you're
trying
to get a small sum
together
to pay for various studies
that
then you can
turn around and give
the british government which will spend a lot of its own money
to do
the
thing you came up with ?
Landgull: Or rather, my question would be: How much of
the actual investment/operating capital needs
to come from private sources, after you've satisfied
the nonsense of central planner stress
testing.
trinque: he's
talking about some govt funding program for public benefit
williamdunne: flyplymouth: You said you don't want
to make money for shareholders
williamdunne: flyplymouth: You didn't answer
the question at all
flyplymouth: If you are using your own money
to reopen
the airport, you can just go ahead and open it. But
to access money which is not repayable, whether it from Government or otherwise,
they have
to see
that it stacks up over
the long
term and importantly
that it has a wider benefit
to
the local / regional economy
williamdunne: flyplymouth: And do you not
think you could attract some actual investment if
this wasn't a social enterprise?
flyplymouth: Before you can attract airlines you need
to demonstrate passenger demand.
There are models used around
the UK which almost charter planes
to use as an airline. If you have demand / good seat occupancy it works well.
This happens in a lot of airports around
the UK but planes are badged with other airlines.
williamdunne: flyplymouth: So, why do you need funding
to do
this?
mats fires up
the gas grill
Landgull: Do I need
to re-register with assbot?
flyplymouth: In aviation
terms,
they will review passenger journeys
to see how many people
travelled from Plymouth
to
the destinations,
they will look at plane
types and prices paid and give you a report back on whether your calculations make sense.
williamdunne: More like an airport with a pet airline I
think
mircea_popescu: flyplymouth so wait you're going
to be like, an airline with an airport ?
williamdunne thinks bringing a business plan here is
the best stress
test available
williamdunne: flyplymouth: Not sure how
that works, so I won't comment. Anyhow. How do you stress
test a business plan?
flyplymouth: Where Plymouth got into
trouble in
the past was it was reliant on BA flights. We'll set up
the flights directly
flyplymouth: Business Model so far works on Manchester, London, Glasgow, Dublin (connect
to us), Amsterdam. We have submitted 10 destinations for passenger numbers which come back viable.
mircea_popescu: i still don't understand what stress
testing a business plan involves.
williamdunne: flyplymouth: And I know business model is different, I meant more along
the lines of bandwidth, plane size etc
flyplymouth: Also we will have some Fixed Based Operators onsite which absorb alot of
the running costs.
williamdunne: flyplymouth: Key cities in.... UK or abroad?
Tourism isn't much of a concern
flyplymouth: The business model is completey different from Exeter.
To be fair Exeter do quite a good job for its size. We'll be smaller planes as a 'connecting airport' so you won't initially get many holiday destinations but it would connect into key cities and hubs.
mircea_popescu: 64/32 bit linux later for
the noobs, but give sane people a chance
to make
their stuff first.
williamdunne: flyplymouth: In comparison
to Exeter how big was Plymouth? Exeter is kinda shit. I prefer just
to go
to London something
mircea_popescu: jurov ok, so
then osx 10.10, win 7 and win 8.1
to start ?
flyplymouth: Stress
test
the business model
to see if passenger numbers stack up and
ticket prices.
jurov: 7.x is powerpc era :)
that would be like another platform completely
flyplymouth: Ha ha. Social Enterprises
take a lot of rap.
flyplymouth: there has already been pledges of funds £20m
to date but
this cannot e accessed without
the business plan being stress
tested. We have done
this already but has
to be stress
tested
to Heathrow / Gatwick standards
to access serious money (e.g Government etc)
williamdunne: Seems unlikely
that someone who wants
to run a social-enterprise is qualified
to do anything more
than make coffee
williamdunne: Also, who is involved and how
the hell are
they qualified
to run an airport?
williamdunne: mircea_popescu: Biggest
thing in
their favour is
that it was an airport
that was closed, doesn't need 100% rebuilding
jurov: (xp's are really old,
tho)
jurov: i don't
think win compatibility is major problem
mircea_popescu: easier
to give you btc i
think. which windowses can you do ?
williamdunne: Someone is
trying
to crowdfund £150,000
to open an airport
jurov: putting
together somehow mostly-reliably working binaries
jurov: mircea_popescu: i see eulora moving, can we
talk about release engineering reward?
williamdunne: ECUREX bragging about being FATCA compliant,
top kek
trinque: gather sheep, whore
them out?
trinque: why wouldn't
they? isn't
that what facebook's business is?
williamdunne: So wouldn't be surprised if
they just outright buy facebook's data