Slim Posted January 1, 2013 Share Posted January 1, 2013 Mr Bell seems to agree with what I said earlier on the thread - the film sector can be very successful or it can bomb. It would be a good description of betting at the Roulette Table too. Agreed, which is the justification for investing in a film and tv studio rather than financing productions as Cinemax did. Quote Link to comment Share on other sites More sharing options...
Slim Posted January 1, 2013 Share Posted January 1, 2013 It has gained a great deal of public attention simply because the money has not gone through the same level of analysis and diligence that a usual investment of that size would undergo. How do you know? Quote Link to comment Share on other sites More sharing options...
Albert Tatlock Posted January 1, 2013 Author Share Posted January 1, 2013 It has gained a great deal of public attention simply because the money has not gone through the same level of analysis and diligence that a usual investment of that size would undergo. How do you know? Are you being serious? Simply because many of those basic questions are still being asked in Tynwald after the investment went ahead. Many relevant questions remain unanswered, or are answered in an "if you're not with us, then you are against us" fashion. Just note the questions still being asked...all alongside decisions on what is having to be cut on the frontline of public services, as well as transfers of certain government costs onto ratepayers. It's a right old omnishambles. Quote Link to comment Share on other sites More sharing options...
Slim Posted January 1, 2013 Share Posted January 1, 2013 Are you being serious? Simply because many of those basic questions are still being asked in Tynwald after the investment went ahead. Many relevant questions remain unanswered, or are answered in an "if you're not with us, then you are against us" fashion. No, I mean how do you know what process is followed with the outsourced managers for the rest of the reserves? What questions remain unanswered? You're very light on specifics. Just note the questions still being asked...all alongside decisions on what is having to be cut on the frontline of public services, as well as transfers of certain government costs onto ratepayers. Again, why do you attach this issue with this particular investment? What's the justification for this scrutiny vs the bulk of government funds invested elsewhere? It's a right old omnishambles. An investment that's returning a good dividend already and has risen in value 30p a share in less than six months a shambles? Quote Link to comment Share on other sites More sharing options...
manshimajin Posted January 1, 2013 Share Posted January 1, 2013 (edited) . Edited January 1, 2013 by manshimajin Quote Link to comment Share on other sites More sharing options...
manshimajin Posted January 1, 2013 Share Posted January 1, 2013 An investment that's returning a good dividend already and has risen in value 30p a share in less than six months a shambles? Slim maybe I missed your data on actual dividends paid. What is the dividend per share? I have seen that you quoted profit (gross or net?) - which is not dividend. How much of the profit you quoted is being reinvested in the business and how much is being paid as dividends? Quote Link to comment Share on other sites More sharing options...
manshimajin Posted January 1, 2013 Share Posted January 1, 2013 (edited) [Agreed, which is the justification for investing in a film and tv studio rather than financing productions as Cinemax did. I would agree that they are not as big a gamble as films but they are dependent on films being successful for continuity of cashflow so they share in the risk. Also, and I may have got this wrong, but isn't the person who oversaw the loss-making film investment through CinemaNX still investing the MDF monies? Edited January 1, 2013 by manshimajin Quote Link to comment Share on other sites More sharing options...
asitis Posted January 1, 2013 Share Posted January 1, 2013 Slim if as you say the 6 month performance of the investment may be good and I don't doubt what you say, are we to forget that the same people are in charge of this investment as previously bombed (by others I think quoted 39%). The whole changed investment vehicle is a convenient way to disguise what went on before ! Quote Link to comment Share on other sites More sharing options...
Slim Posted January 1, 2013 Share Posted January 1, 2013 Asitis you could look at it t hat way, or you could say it's a way addressing the criticisms of what went on before. I don't see why you need to doubt what I say, I'm only using publicly quoted figures. Slim maybe I missed your data on actual dividends paid. What is the dividend per share? .5p per share. I've got the dividend payout wrong above though I realise, I did 5p a share, not .5p I have seen that you quoted profit (gross or net?) - which is not dividend. How much of the profit you quoted is being reinvested in the business and how much is being paid as dividends? I never said the profit was dividend. This is a plc, it's accounts are public and well reported, why do you need me to repeat them? http://www.gov.im/li...yminister36.xml Quote Link to comment Share on other sites More sharing options...
manshimajin Posted January 1, 2013 Share Posted January 1, 2013 Thanks for the link Slim - most helpful. So to summarise - on profits of £2 million they are paying total dividends of £250,000 of which the IOM Reserves will get a little less than £25,000. Quote Link to comment Share on other sites More sharing options...
censorship Posted January 2, 2013 Share Posted January 2, 2013 Is any of our money going towards the Pinewood development in Malaysia? Quote Link to comment Share on other sites More sharing options...
GD4ELI Posted January 2, 2013 Share Posted January 2, 2013 Is any of our money going towards the Pinewood development in Malaysia? No. Read http://www.pinewoodgroup.com/our-studios/malaysia/news/announcement-pinewood-malaysia-studios-covering-asian-region "The Company (Pinewood) will receive consultancy and brand licence fees for sales and marketing services. Fees due in 2010 will be largely offset by establishing the sales and marketing infrastructure which will benefit subsequent years." You could have found this information yourself. Quote Link to comment Share on other sites More sharing options...
censorship Posted January 2, 2013 Share Posted January 2, 2013 You could have found this information yourself. I did - I asked and someone told me.Does the Isle of Man's representative on the board of Pinewood have a personal shareholding in the company, and does he hold any other directorships, especially in government-owned or funded entities? Quote Link to comment Share on other sites More sharing options...
GD4ELI Posted January 2, 2013 Share Posted January 2, 2013 You could have found this information yourself. I did - I asked and someone told me.Does the Isle of Man's representative on the board of Pinewood have a personal shareholding in the company, and does he hold any other directorships, especially in government-owned or funded entities? Nurse - oh Nurse - he's out again! Quote Link to comment Share on other sites More sharing options...
Albert Tatlock Posted January 2, 2013 Author Share Posted January 2, 2013 You could have found this information yourself. I did - I asked and someone told me.Does the Isle of Man's representative on the board of Pinewood have a personal shareholding in the company, and does he hold any other directorships, especially in government-owned or funded entities? Yes - it's one of the previous pinewood threads - SC bought about £27K worth of shares I understand. Quote Link to comment Share on other sites More sharing options...
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