Andy Onchan Posted February 22, 2023 Share Posted February 22, 2023 Just now, asitis said: I thought the SPCO made about 12.5 million a year when the buyout was promulgated, or did I imagine that figure ? That rings a bell, so is probably correct. The Golden Goose... or something along those lines. 1 Quote Link to comment Share on other sites More sharing options...
Sheldon Posted February 22, 2023 Share Posted February 22, 2023 34 minutes ago, Nom de plume said: Until we have property affordability there is zero incentive for young hardworking folk to relocate here. There's precious little incentive for young hardworking Manx natives to stay here either, which is arguably worse. 3 Quote Link to comment Share on other sites More sharing options...
Asthehills Posted February 22, 2023 Share Posted February 22, 2023 11 minutes ago, asitis said: I thought the SPCO made about 12.5 million a year when the buyout was promulgated, or did I imagine that figure ? Since when did a business have to pay all profit out to shareholders as a dividend? There are many reasons why they wouldn’t do that. (I have no idea what their profit was, but it doesn’t equal what is paid as dividends) 2 Quote Link to comment Share on other sites More sharing options...
finlo Posted February 22, 2023 Share Posted February 22, 2023 17 minutes ago, asitis said: I thought the SPCO made about 12.5 million a year when the buyout was promulgated, or did I imagine that figure ? As it's under government ownership now the sticking in of their oar guarantees it will be now loss making! Quote Link to comment Share on other sites More sharing options...
Andy Onchan Posted February 22, 2023 Share Posted February 22, 2023 2 minutes ago, Asthehills said: Since when did a business have to pay all profit out to shareholders as a dividend? There are many reasons why they wouldn’t do that. (I have no idea what their profit was, but it doesn’t equal what is paid as dividends) Almost 100% sure that's what happened with all of the recent owners, in the form of management fees etc. Banco Spririto (or whatever they called themselves) were laughing all the way to their own bank when WE purchased it. I bet they couldn't believe their luck. 2 1 Quote Link to comment Share on other sites More sharing options...
Nom de plume Posted February 22, 2023 Share Posted February 22, 2023 1 hour ago, Moghrey Mie said: Build more modern houses. Correct but don't allow investors to hoover them up for their vast portfolios which in turn ratchet up rents. London is expensive for this very reason BUT they have fantastic employment opportunities, shopping and leisure facilities so can sustain an inflated market. We have our young and talented leaving. 1 Quote Link to comment Share on other sites More sharing options...
woolley Posted February 22, 2023 Share Posted February 22, 2023 9 hours ago, Blade Runner said: How many on the rock earn more than £130k? with spouses on £70k +? Roger? I cant see this raising much TBH You'd be surprised. 1 Quote Link to comment Share on other sites More sharing options...
woolley Posted February 22, 2023 Share Posted February 22, 2023 2 hours ago, 2112 said: Common sense doesn’t always apply. Be nice if it did sometimes though. 1 Quote Link to comment Share on other sites More sharing options...
hissingsid Posted February 22, 2023 Author Share Posted February 22, 2023 According to the CM nearly 500 working adults moved to the Island over the last 22 months. That does not surprise me , on FB most days people are asking advice on moving over, schools, housing etc and they have employment sorted already. 1 Quote Link to comment Share on other sites More sharing options...
forestboy Posted February 22, 2023 Share Posted February 22, 2023 23 minutes ago, hissingsid said: According to the CM nearly 500 working adults moved to the Island over the last 22 months. That does not surprise me , on FB most days people are asking advice on moving over, schools, housing etc and they have employment sorted already. How many moved off the island? 2 Quote Link to comment Share on other sites More sharing options...
doc.fixit Posted February 22, 2023 Share Posted February 22, 2023 .....or died? Quote Link to comment Share on other sites More sharing options...
doc.fixit Posted February 22, 2023 Share Posted February 22, 2023 .........or were born? Quote Link to comment Share on other sites More sharing options...
Banker Posted February 22, 2023 Share Posted February 22, 2023 5 minutes ago, doc.fixit said: .....or died? If it’s old pensioners, the more the better for public finances 😂 1 1 1 Quote Link to comment Share on other sites More sharing options...
Albert Tatlock Posted February 22, 2023 Share Posted February 22, 2023 29 minutes ago, forestboy said: How many moved off the island? 1000 under 30 year olds born here...every year...since 2011 (census). Replaced by boat loads of English old farts. 1 1 1 Quote Link to comment Share on other sites More sharing options...
Asthehills Posted February 22, 2023 Share Posted February 22, 2023 10 minutes ago, Albert Tatlock said: 1000 under 30 year olds born here...every year...since 2011 (census). Replaced by boat loads of English old farts. What? 1 Quote Link to comment Share on other sites More sharing options...
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