Category Archives: Articles
Qantas Repairs
After every flight, Qantas pilots fill out a form, called a 'Gripe Sheet' which tells mechanics about problems with the aircraft. The mechanics correct the problems; document their repairs on the form and then pilots review the Gripe Sheets before the next flight.
Never let it be said that ground crews lack a sense of humour. Here are some actual maintenance complaints submitted by Qantas' pilots (marked with a P) and the solutions recorded (marked with an S) by maintenance engineers..
P: Left Read more [...]
When is a budget really a budget? – Jamie McIntyre
If everyone created budgets like our current Government, we'd all be in a bit of financial bother.
You know, the sort of bother where the money runs out before the month runs out!
Imagine if publicly listed companies could fudge figures (and be legally allowed to) as much as Treasurer Swan does.
Or if households ran that way – expecting to have food on the table at the end of the year, when instead the money runs out because the budget is so hopelessly inaccurate.
What do I mean?
Well Read more [...]
Who is buying Facebook Shares? And should you? – Jamie McIntyre
Facebook shares are due to go public in coming weeks as one of the largest Tech IPOs of all time raising as much as $10billion and a market valuation close to $100billion.
It currently generates around $3.7billion in sales and just under $1billion in profit.
At a $100billion valuation which is the price private share trades have been taking place, that's a massive 100 times earnings multiple compared to 13 times average for the stock market.
However it isn’t unusual for a fast growing Read more [...]
Time is running out to buy into US Property by Jamie McIntyre
We are seeing further price growth and more competition in the US property market confirming that, in key markets, we are seeing the bottom of the US Property market with growth starting to occur.
Unfortunately many investors will wait until almost everyone is talking about buying US Property before they finally consider it and often by then the best time to buy is gone.
I don't expect a fast recovery in the market.
However when you can buy houses that were $250,000 for $58,000 and bank Read more [...]
Facebook Co-Founder Taps Into Skyrocketing $600M Net Worth, Buys The New Republic
Original article by Brian Soloman from Forbes
Facebook co-founder Chris Hughes’ net worth has soared as the company he helped start in a Harvard dorm room raked in hundreds of millions of users. Facebook filed for an IPO at the start of February and Hughes’ minority stake in the company is worth at least $600 million — and possibly much more when it finally goes public.
While he has long been active in political and social causes, Hughes made a big splash Friday morning when he announced Read more [...]
Apple posts 94% profit gain, iPhone sales ‘on fire’
Original article in smh.com.au
Wednesday, April 25 2012
Apple has posted a monster profit of $US11.6 billion ($A11.24 billion) for the first three months of the year, driven by robust demand for the iPhone in China as well as purchases of a new version of its blockbuster iPad tablet.
The result, which outstripped Wall Street estimates, boosted the company's shares more than 7 percent over the same period.
"We're thrilled with sales of over 35 million iPhones and almost 12 million iPads Read more [...]
Facebook on track to go public May 18
Original article from PerthNow
Wednesday, May 2 2012
FACEBOOK is on track to make its historic multibillion-dollar debut on Wall Street on May 18.
Executives from the social network plan to begin a financial roadshow next week, going to various cities to discuss Facebook's prospects with potential investors before the initial public offering, The Wall Street Journal reported today.
The Journal said that if the roadshow goes smoothly, Facebook will begin trading on May 18 or possibly Read more [...]
RBA cuts interest rates by surprise 50 basis points
Reserve Bank cuts Interest Rates by 50 basis points.
In a surprise move the Reserve Bank has slashed interest rates by 50 basis points when most economists expected only a 25 basis point drop.
This is great news for investors and home owners.
And is good news for housing affordability and the Australian Property Market. It is likely to stimulate price growth and make real estate more lucrative.
Strategies such as landbanking where you can effectively buy property without loans and Read more [...]
