BTL Maths Teachers

[Clippy]

If only they'd had your brilliant insight into all things financial, eh AtW?

What complete and utter fools of themselves they have made by amassing a fortune (if only partly realisable) when they could have been sitting in a bedsit in the West Midlands, typing crap on a message board and 'working' on a SKA (Super-Killer Application).

Pack it in lad. You are getting beyond the pale now.

You have an opinion on everything and expertise in precisely nothing. You have plenty of front, but nothing to back it up with.

I can't presume to speak for the congregation here, but you are getting beyond a joke and losing the plot. The crap you come out with lately is just deluded and sad.

Anyone who hovers over the enter key to post the 'Last Post of 2008' while everyone else is singing Old Lang Syne, or at least fast akip in bed, needs to take stock of their lives and their sanity.

Your massive posting record suggests that: -

a) you are NOT an economic guru
b) you are NOT a brilliant inventor / programmer
c) you ARE in fact a lonely, friendless buffoon

I know you love to play the role of uber-geek but from you posts it is clear that you only know Windows and .NET. Not much geek cred there.

I won't go into your deficiencies in economics as others have already pointed your shortcomings out time and time again.

Take a break and let someone else post on CUK without you jumping in.

[AtW]

interested in seeing how this goes Atw - being serious.
When you going to reveal this? Or give everyone a heads up?

I asked him simple question that he seeminly unable to answer - I've provided some figures to help him out (this was not a poll on how much my company may or may not be valued), it was just a simple question at what level of valuation he would deem the company successful, odd that he suddenly is unable to answer that simple question

Let me help you out bogey - without knowing any details I'd say any small business started by one person without massive investment would in my view be considered a success if it reaches valuation of £1 mln or more. Heck, I'd say £500k would be success too or even £250k - something that should be encouraged (via low taxes).

[Liability]

I asked him simple question that he seeminly unable to answer - I've provided some figures to help him out (this was not a poll on how much my company may or may not be valued), it was just a simple question at what level of valuation he would deem the company successful, odd that he suddenly is unable to answer that simple question

Let me help you out bogey - without knowing any details I'd say any small business started by one person without massive investment would in my view be considered a success if it reaches valuation of £1 mln or more. Heck, I'd say £500k would be success too or even £250k - something that should be encouraged (via low taxes).

Id say anything over a £1million [or now Euro1million which you may like better ]

So what are you actually going to deliver the goods and prove you have something?

[Clippy]

This couple of 60 year old maths teachers, used the BTL bubble to amass 900 properties, mainly 2-3 bed new builds in Ashford area - all from an original outlay of £10K. At the peak their fortune was estimated at £250mill. and they expected to reach £1 billion as they had a simple formula for success - house prices will double every 7 years.

Still buying in 2008, they can no longer roll over the cheap 4.5% loans and will start selling in 2009. They admit the game is over but expect to come out of it with a sizable fortune intact. Will be interesting to follow this couple over the next couple of years. Will their sums add up. I see plenty of red ink.

http://www.housepricecrash.co.uk/for...hp/t90235.html

Ah, Turion.

The parasite who is still smarting about the fact he didn't have the chutzpah to ride the BTL boom so spends his bitter measley existence trying to stick it to those who did.

Seriously, isn't about time you and atw found a rock to both crawl back under?

[AtW]

Id say anything over a £1million [or now Euro1million which you may like better ]

Yep, simple answer - odd that bogey seem to be unable to come up with a figure - looks like he is afraid to commit himself to any hard figure out of fear that he might need to eat his Xmas hat

So what are you actually going to deliver the goods and prove you have something?

[Clippy]

I asked him simple question that he seeminly unable to answer - I've provided some figures to help him out (this was not a poll on how much my company may or may not be valued), it was just a simple question at what level of valuation he would deem the company successful, odd that he suddenly is unable to answer that simple question

Let me help you out bogey - without knowing any details I'd say any small business started by one person without massive investment would in my view be considered a success if it reaches valuation of £1 mln or more. Heck, I'd say £500k would be success too or even £250k - something that should be encouraged (via low taxes).

Ah, the old atw trick - doesn't answer the valid question(s) directly posed to him but makes up his own ones which he wants answered in order to make another pointless point. The rest of the time is spent going on about it like a broken record.

You need a new routine you sad little man.
The one you've got is so 2008, 2007, 2006, 2005...

[bogeyman]

I am not intimating anything - I just used £1 mln cutoff at fairly obvious point when one's small business would probably be considered a success, I asked your own value and offered steps down: £250k, £500k, perhaps you'd judge it a success if company is valued at £5 mln or £50 mln - I don't know, that's why I asked you that simple question and you started picking up on things that are irrelevant.

So, let me repeat the question - at what level of valuation of my company would you eat your words that it is failure/unsuccessful (and by extension myself as the person who runs it)?

£250k?

£500k?

£1 mln?

£5 mln?

This is NOT a question of how much you or anyone else values or may value int he future the company.

It's a meaningless question! Capiche!

You can only value a business on it's worth (assets minus liabilities).

What are your assets and your liabilities?

If you are talking about valuing intangible assets (and the SKA is nothing if not intangible) then it is only worth what someone says they are willing to pay.

So, the fact remains that the person/entity doing the valuation is key to all of this.

Is Google offering you £1m for this idea?

[Liability]

Yep, simple answer - odd that bogey seem to be unable to come up with a figure - looks like he is afraid to commit himself to any hard figure out of fear that he might need to eat his Xmas hat

Ok so I am lost here - is this SKA all bulltulipe? Im not getting the joke.

[AtW]

It's a meaningless question! Capiche!

You can only value a business on it's worth (assets minus liabilities).

What are your assets and your liabilities?

You are missing the point - I am not asking you to value my business: you don't and won't have all the information necessary for it.

What I asked you is basically the amount at which IF it gets valued (say I sell all shares for that amount to make it simple) then you'd consider it successful.

So, let's say I sell all my shares to whoever for £50k, would you consider my business successful then?

What if the amount was £250k?

And what if it's £500k?

£1 mln?

Maybe you'd consider it requiring higher value to be achieved in order it to be successful in your eyes, then name it.

It's a very simple question that I answered already about other small businesses that I don't know anything about - anyone in such business who gets £250-500k is success, and big success if over £1 mln (psycological point).

[AtW]

Ok so I am lost here - is this SKA all bulltulipe? Im not getting the joke.

One thing for sure - SKA is a great wind up that is priceless mate.