manxchatterbox Posted May 18, 2006 Author Share Posted May 18, 2006 Manx Indep reports Brenda Cannell as saying Macquarie is asset stripping in relation to IOMSPCo - as IOMSPco had a sale value in July 2003 £146m and a sale value in September 2005 £225m will its sale value in Sept 2007 be over £300 million?? (with only one boat and no other tangible assets)... Link to comment Share on other sites More sharing options...
mojomonkey Posted May 18, 2006 Share Posted May 18, 2006 Manx Indep reports Brenda Cannell as saying Macquarie is asset stripping in relation to IOMSPCo - as IOMSPco had a sale value in July 2003 £146m and a sale value in September 2005 £225m will its sale value in Sept 2007 be over £300 million?? (with only one boat and no other tangible assets)... As everyone knows that politicians always tell the truth it must be true........ Link to comment Share on other sites More sharing options...
TerryMcCann Posted May 18, 2006 Share Posted May 18, 2006 Manx Indep reports Brenda Cannell as saying Macquarie is asset stripping in relation to IOMSPCo - as IOMSPco had a sale value in July 2003 £146m and a sale value in September 2005 £225m will its sale value in Sept 2007 be over £300 million?? (with only one boat and no other tangible assets)... I suspect it is a single intangible asset that keeps driving the value up. Exclusive use of the linkspan. As long as they have this the value ain't gonna fall Link to comment Share on other sites More sharing options...
Albert Tatlock Posted May 19, 2006 Share Posted May 19, 2006 May 18 (from Bloomberg) -- "Macquarie Bank Ltd., Australia's largest investment bank, plans to sell about 500 million pounds ($945 million) of shares in a fund with investments in the U.S. and U.K., four people with knowledge of the matter said. The fund's holdings will include investments in companies such as the Isle of Man Steam Packet Group Ltd., the world's oldest passenger shipping company, and Smarte Carte Corp., an airport luggage trolley business, said the people, who declined to be identified before the offering is announced." Link to comment Share on other sites More sharing options...
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