Sunseeker Sold

[benjenbav]

Mapish s post are the numbers I quoted .
Buy 160 rtn 15 ( median of the 10-20; ) is near as dam it for illustration a 10% rtn .

When you buy and run or in some cases , attempt to run a boat business who cares what the seller paid .You ought to know .

It’s a very strong brand .Can’t see these two new owners rinse + repeating at Poole .

Apples and oranges, perhaps? I think that earnings figure might be before interest, tax, depreciation and amortisation. In Sunny’s accounts those numbers might easily make one’s eyes water.

 

[MapisM]

Mapish s post are the numbers I quoted .
Buy 160 rtn 15 ( median of the 10-20; ) is near as dam it for illustration a 10% rtn.

I don't think so. I'm afraid you're using "my" numbers (which I just relayed BTW, but that's irrelevant) in a wrong way.
It would be a 10% return if the business value would increase to 176 in one year time, 194 in 2 years, 213 in 3, and so on.
Which is a wholly different perspective altogether.

Not saying it's impossible, mind. But I should know much more than I do (and care about!) before even trying to make such evaluation.
Let alone spouting recipes on what Galeone & C. should now do, also because, having met him, I can assure you (to paraphrase the Admiral in The Hunt for Red October) that he wouldn't take a dump without a plan.
So, time will tell, I guess.

But just by gut feeling, I'd rather be the one who walks away from this transaction with 160m in my pocket, rather than with the challenge to make what I just envisaged actually happen in real world.

 

[PowerYachtBlog]

If I remember well Wanda's upfront paid price was like 50 million, and 270 of depth which Sunseeker owed at the time.

 

[jfm]

If I remember well Wanda's upfront paid price was like 50 million, and 270 of depth which Sunseeker owed at the time.

Like that makes any difference?

 

[jfm]

...

 

[ari]

Mapish s post are the numbers I quoted .
Buy 160 rtn 15 ( median of the 10-20; ) is near as dam it for illustration a 10% rtn .

When you buy and run or in some cases , attempt to run a boat business who cares what the seller paid .You ought to know .

It’s a very strong brand .Can’t see these two new owners rinse + repeating at Poole .

Portofino giving lessons in business investment - there is literally nothing he is not an expert on.

I'm sure once JFM has gratefully absorbed this information, he'll be keen to understand why he should have bought an Itama instead.

 

[Seastoke]

Whilst we know JFM is the forums authority on the legalities of life , does not mean he is a a member of the FCA. Now me , I am glad the minimum wage has gone . Why are you asking me , I know nothing.

 

[jfm]

Mapish s post are the numbers I quoted .
Buy 160 rtn 15 ( median of the 10-20; ) is near as dam it for illustration a 10% rtn .

When you buy and run or in some cases , attempt to run a boat business who cares what the seller paid .You ought to know .

It’s a very strong brand .Can’t see these two new owners rinse + repeating at Poole .

A usual crossed purposes post Let's leave it there.

Must say, I can see plenty of rinsing and repeating ahead, but I hope I'm wrong

 

[PowerYachtBlog]

On an another note LVMH, is interested in buying Ferretti Group for as yet an un reported sum.
Ferretti Group current majority owners are Shandong Heavy Industries who currently own 37% (at purchase they owned 58%) and Piero Ferrari who owns 18%.
According to rumours this purchase was pushed by Bernard Arnault who actually was interested in purchasing RIVA alone.
Vuitton vuole Riva per il suo impero del lusso
Forget about a superyacht; LVMH’s Bernard Arnault is eyeing the purchase of a 182-year-old luxury yacht builder instead - Luxurylaunches

 

[ari]

Perhaps - some people do not want to buy boats from "global financial investment companies" ... It's not just the money - it's also your feelings and your soul for the company and the tradition of the shipbuilder / shipyard.

Some info:
Motorboat
Megayacht
Boat International

That's an interesting theory, but I really can't see it.

'Yes darling, it's the perfect boat for us, the layout is ideal, the price is good, I like the brand image and the quality is amazing. Definitely the best boat on the market for our needs'.

'Oh, wait, the builder is owned by a global financial investment company, better cancel the order and buy something less suitable instead'.

Feels unlikely...

 

[Whopper]

Probably ok timing if there is the potential for Russian customers to come back on stream (legitimately) and things turn around in China.