There you go again with ” but they’re not Australian” but you...

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06/11/18

08:23

Post #: 36399680
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Originally posted by aniesbaswedan: ↑

“Also contrary to your argument is that if SAS reach profitability Australian investors (and therefore Australia) will benefit from a net inflow of funds from equatorial nations.”

Not really. SAS is domiciled in the UK and its operation is based in the UK. Recently they even got R and D rebate from the UK. If the business does eventually become profitable then technically all of the money will flow to the UK and none of them would flow to Australia unless they decide to invest some of the profit in Australia, which I presume would be highly unlikely.

@kingy I see you were confused between non-exec director and independent non-exec chairman, I don’t believe they are interchangeable. Your second post rectifying your previous one is correct and hopefully you are able to see how little role a non-exec chairman has? That would be MM role in SAS. To me his role is really inconsequential beyond the vanity his name provide. If he becomes the managing director or CEO then that would be different but then Meir would need to step down from his role.

@coppernoob they have received funding from Poland but the amount is paltry in comparisson to the tens of millions of dollars of funding from Australia. They have a Perth office, sure but I fail to see what the relevance is.

@Hunterr “MM is going to take us places we can only dream about now, but soon it will be a reality.” I think hunter is still confused as to what role a non exec chairman has...non exec chairman doesnt really do much, technically even Hunterr would be capable of doing it satisfactorily.

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There you go again with ” but they’re not Australian” but you still haven’t present a passable argument for why that is a negative thing.
yes operations and it costs are mostly outside Australia and the economies in the UK, Poland, USA and Israel have and will continue to benefit, but my point which you even quoted was:
A large chunk of SAS investors are Australian. These investors will share in any success via an increased SP and/or dividends. this would be funds being shifted from equatorial nations into Australia.
If the Australian investors end up profitable how has there not been a gain to the Australian economy?

SAS Price at posting: 6.1¢ Sentiment: Buy Disclosure: Held
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