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Pinewood...more Govt Propaganda


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This will rumble on and on until Eddie comes up with a simple set of investment v return figures, then it could be put to bed !

 

Whilst ever the owners of the money i.e. US are kept in the dark the scepticism will continue. Over to you Eddie ! Oh and don't let the tangerine one have a hissy fit because we dare to ask questions !

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This will rumble on and on until Eddie comes up with a simple set of investment v return figures, then it could be put to bed !

 

Whilst ever the owners of the money i.e. US are kept in the dark the scepticism will continue.

 

This pretty much sums up the situation

 

If our investment does show a dividend then expect it to be shouted from the rooftops

 

On the other hand if we get nothing other than optomistic press releases, it probably means things aren't going well

 

Roll on the first accounts summary

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But surely it's about more than a simple RoI on the balance sheets? It's about a RoI via the spend it brings and jobs it creates (albeit temporary) by having production done on-Island? The plan is surely to recoup the investment (which is an investment and can be sold) via contribution to the economy of the Island than a simple black and red on a balance sheet?

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An investment only makes money once the initial investment has been payed back.

 

Its like a bank lending you a loan and saying we are making money after your first repament.

 

Come on are people that thick to belive this tripe haha.

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But surely it's about more than a simple RoI on the balance sheets? It's about a RoI via the spend it brings and jobs it creates (albeit temporary) by having production done on-Island? The plan is surely to recoup the investment (which is an investment and can be sold) via contribution to the economy of the Island than a simple black and red on a balance sheet?

 

There's going to have to be some spectacular spending on the island to wipe off the 17 million already written off the initial investment !!!!

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IOM government are constantly releasing bullshit statistics.Just recently Eddie Teare says there is 6% growth in the economy,Mike Langdon says crime has dropped 30% in his tenure.Nice little bonus for the departing chief constable no doubt.

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Whilst ever the owners of the money i.e. US are kept in the dark the scepticism will continue.

Don't forget that Eddie worked out that the money is 'not technically taxpayers' money' - as a follow up to that statement he wasn't able to say whose money it was though.

But surely it's about more than a simple RoI on the balance sheets? It's about a RoI via the spend it brings and jobs it creates (albeit temporary) by having production done on-Island? The plan is surely to recoup the investment (which is an investment and can be sold) via contribution to the economy of the Island than a simple black and red on a balance sheet?

Couple of thoughts Bishbashbob - the money invested has come from the Reserves. Allan Bell described the investment in Pinewood as 'high risk' on Manx Radio. It seems perfectly reasonable when Reserves are invested that the RoI should be measured directly against the returns this generates for the Reserves themselves. After all it could have bought gold, been invested as seed capital for local businesses at commercial rates or generated positive returns into the Reserve Fund in other ways.

 

Secondly I always personally have some problems with the argument that 'it creates jobs' so by implication (not saying you are saying this but AB tends to) all is fine. Primarily this investment is underpinning jobs in England. Secondly how is the job creation measured accurately? Thirdly how much money gets back to the Reserves, which invested the money, from all of this? It was noticeable when the last film was being shot in Castletown that most of the skilled staff employed had been brought over. There were some jobs in cafes, equipment hire and accommodation. I guess I am of the school of thought that says if a proposition is commercially viable money should be raised and serviced through the capitalist system.

 

Given we have lost £15 million over the last 3 years in the Media Development Fund that has to be reversed before anyone can legitimately claim a positive return on the film sector anyway.

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But surely it's about more than a simple RoI on the balance sheets? It's about a RoI via the spend it brings and jobs it creates (albeit temporary) by having production done on-Island? The plan is surely to recoup the investment (which is an investment and can be sold) via contribution to the economy of the Island than a simple black and red on a balance sheet?

 

There's going to have to be some spectacular spending on the island to wipe off the 17 million already written off the initial investment !!!!

i think you will find it's more like 24 million...... or should that be 29 million?

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