Financial year has started we will let funds a head start IN Regards to post below thanks for the inspiration PoweredByHighway1
What you need to do to participate
1) pick your stocks post your portfolio on this thread before 31st july & hold them till the 1st of january dividends included 2) State how many hours it took you to come to that conclusion & how long it took you over the 6 months.(yes it will be the same) 3) the wage you think you are worthy of for your special skills for 6 months speculation of other peoples money.
More than happy for others to add 4, 5 or 6, but has to be buy & hold
Highest gain wins a frozen chook
PoweredByHighway1 Posted: 09/07/10 19:45 Post #: 346179 Start of thread: IP: 120.20.xxx.xxx Sentiment: LT Sell Disclosure: No Stock Held Views: 21
CHF - Charter Pacific Corporation
At the start of 2005 Charter held cash of $34m, and net assets of $36m. At last reporting date this has reduced to $6.7m of cash and $10m of net assets, meaning $26m in net assets have been eroded. Over this period the company made a total net accounting loss of $42m. Over this time the MD drew a salary of $3.3m in total, and the board and senior management team drew another $7.3m.
The MD also has a share structure that gives him 50% of votes, so he can't be booted.
