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Reteps, firstly, thanks for asking. I am fully recovered from the operation itself. There is no discernible improvement in my hand function as of yet though. I have been told that if I get even a slight improvement within 3 months of the operation (Jan 20th) then that improvement will continue for 18 months or so. However, nothing yet.
I says to this city type gent.
I say, he replies. You certainly have the old inflation thing covered. Not an amount but an indexed linked price, very good.
So, you got it or what city typed gent?
Ha ha. He laughed. Honest he did. Good god no. I can't remember my name just now but I'm a city market maker. I don't give. I only take. Or rob to be more precise. Tell me smelly person, have you never considered not sleeping in boots doorway and considered becoming a market maker?
Well stone the crows. I told him, I only got a certificate for swimming the width.
He laughed (again) don't worry about that old chap. The only requirement is a lack of morals and a desire to screw your fellow citizens out of their hard earned money.
But I got ethics I tell him.
Oh ethics, isn't that a county next to Sussex?
So, that's why I'm on remand on a murder charge.
Better than kipping in boots doorway to be frank.
Delano, I have to say, if you are expecting the usual- SP will go up - SP will go down- Director is a crook - type conversations then you are on the wrong BB. We don't do that here. We do research - thebushveldprospective.co.uk
We do opinion and analysis and factually correct information like product shipped and prices to help each other out. There is even one clown who tries to do comedy. Less said about him the better.
fatbanker, in most lease agreements the lessee can't take ownership even if they want to. This is due to tax benefits of a lease over a purchase. If it was deemed to be a purchase at the end the taxman would want his money back. In some agreements there are ways of circumventing this. If you are obliged to sell the asset to an unrelated 3rd party you can of course sell it to you uncle Ted (or me) and buy it back again. A paperwork exercise. That happens on a routine basis in the real world. You have to pay or fund the residual of course.
The big difference here is that there has never been a lease setup where the product could conceivably be worth more at the end of the lease than at inception. It'a leap into the unknown for all involved. Having said that, they have already done it so clearly there is a workable model.
Alfa, it is indeed much more complicated than that. I am only offering my view based on a completely different leasing model with which I am familiar. I don't pretend for a second to understand the intricacies of this one and apologies if I came across as pretending I did.
fatbanker. I suppose that is a possibility but how do customers work out the value and costs over the term? How do they compare to alternative technologies? Not sure, were I the man making that decision that I would agree to that step into the unknown. Unless I was about to retire.
Personally I can't see us being the funder for the lease model. It takes an awful lot of money and time before you get out of the red.
Think about this as a basic example.
You lease a product (largely irrelevant what) that costs £100,000. The terms are £10,000 up front and payments over 20 years with a final rental (balloon to you)
The anticipated residual value (good luck predicting that one at the moment. Not that it is the funders problem because the lessee takes on the responsibility)
So let's say the predicted residual value is £30,000
Deduct the initial payment and the balloon (I know this is simplistic Fatbanker but it gives an idea) and you are funding £60,000 over 20 years. However, as an independent funder you are still shelling out £90,000 initially. Say 4% flat rate 8% apr for example. So, £500 a month income from 1 lease. Leaving aside overheads ( which obviously you can't) means you get your investment back in 15 years. Profit for 5 and £30,000 at the end.
Good business overall and the figures would be better for us because we supply the product at cost but multiply that by 100 over 2-3 years and you start to see the outlay before you get a return.
We could fund a bit as we go but I just don't see us as the funder for a lease.
So I is walking down the road minding my own business. Good morning Mrs Jacapsolut. Mighty fine weather we having, praise the Lord.
I happened on this fine southern morning to be strolling by some retailers who specialise in the finer end of the garment market. Oh my Lord what do I see?
I see a dress sò beautiful it make me nearly wanna slip a bit of the old rat poison into auntie Melrose's jumbalia on account of I know she left me 104 dollars in her last will and testament.
I would never do such a thing because I am a good God fearing woman. Amen.
So, as I was saying. This dress was a thing of beauty. It would accentuate my breasts and kinda say ' sh*g me' without saying it if you get my drift. You aint gotta look like a **** even if you are one. You know what I'm saying.
So naturally I think no way am I buying this dress. Oh no. No way. No.
Oh no. No. No. No way.
Then the devil, he whispers in my ear. Buy the dress. Buy the dress.
I say NO WAY DEVIL. I ain't buying no dress. I may covet it but it would be wrong.to spend my childrens food money on this fancy a*se dress. i can't afford that.
The devil he keep on. Buy the dress, buy the dress.
It gets so I can't resist no more. I is ashamed to admit I bought the dress. Curse the devil.
So, a few minutes later I is walking past a shoe shop.
Well, I guess you already know the inevitable comedic outcome of this situation.
There, in the window were the mostest lovelyest pair of shoes that could ever accompany the mostest lovliest dress what I had already purchased not 5 minutes previous.
I could never countenance such an extravagant purchase. Given that i already spunk*d the kids dinner money on a dress.
But the devil, he whispers in my ear, buy the shoes, buy the shoes. I say, GET AWAY FROM ME DEVIL. I WILL NOT BUY THE SHOES.
They're a bit tight round the heel but I look GOOD man.
So, i then see's this coat what would loòk proper righteous with all the other stuff the devil made me buy.
The devil he whispers in my ear. Buy it, buy it. Buy it.
I say NO WAY DEVIL. I AIN'T BUYING NO COAT. I AIN'T GOT NO MORE MONEY.
THE DEVIL he say, sell your BMN shares.
I punched the pr*ck in the mouth.
Does he think I'm stupid?