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NIF a gift to the country
Jun 26, 2018
GOVERNMENT’s highly anticipated Initial Public Offering (IPO) for its National Investment Fund (NIF), through a company formed to monetise some assets recovered from the CLICO bail out, will run from July 11 to August 8.
The announcement was made by Finance Minister Colm Imbert yesterday in Parliament.
The prospectus as a gift to keep on giving to the people of Trinidad and Tobago, from whom $23 billion in tax dollars was injected into the collapsed conglomerate.
The NIF will be founded with an assortment of shares pulled from various former portfolios of CLICO, with the majority coming from Republic Bank valued at $4.3 billion and representing 55 per cent of the Fund
snatman wrote:Any idea as to the offer price and eps/dividend ratios?NIF a gift to the country
Jun 26, 2018
GOVERNMENT’s highly anticipated Initial Public Offering (IPO) for its National Investment Fund (NIF), through a company formed to monetise some assets recovered from the CLICO bail out, will run from July 11 to August 8.
The announcement was made by Finance Minister Colm Imbert yesterday in Parliament.
The prospectus as a gift to keep on giving to the people of Trinidad and Tobago, from whom $23 billion in tax dollars was injected into the collapsed conglomerate.
The NIF will be founded with an assortment of shares pulled from various former portfolios of CLICO, with the majority coming from Republic Bank valued at $4.3 billion and representing 55 per cent of the Fund
De Dragon wrote:snatman wrote:Any idea as to the offer price and eps/dividend ratios?NIF a gift to the country
Jun 26, 2018
GOVERNMENT’s highly anticipated Initial Public Offering (IPO) for its National Investment Fund (NIF), through a company formed to monetise some assets recovered from the CLICO bail out, will run from July 11 to August 8.
The announcement was made by Finance Minister Colm Imbert yesterday in Parliament.
The prospectus as a gift to keep on giving to the people of Trinidad and Tobago, from whom $23 billion in tax dollars was injected into the collapsed conglomerate.
The NIF will be founded with an assortment of shares pulled from various former portfolios of CLICO, with the majority coming from Republic Bank valued at $4.3 billion and representing 55 per cent of the Fund
Bonds are to be issued not shares. An Express article had 4.5% to 6.5% at maturity, but no offer pricing. Terms are from 5-15 years I believe.
Redman wrote:So some one tell me how a fixed income instrument that is priced to yield less than the long term inflation rate(7+%) is a gift...??
I would stay away.
Redman wrote:Making an investment decision based on patriotism....is a poor choice.
Facts is facts.
KPB is talking tripe-and he rightly waded into her.
if inflation rises-the bonds are a bigger WFT.
if we enter a deflationary spiral-the value of the assets backing the bonds-deflate...
If we have a devaluation-bonds are screwed-while the equity assets will hedge pretty well....with 0 impact on the value of the bonds-having 3X the coverage for a $1000 bond....is the same as 4X....the bond is worth $1000.
An equity backed bond opens the owner to both types of risk-without having to disclose it as such.
Redman wrote:No it's not the same thing.
Ponzi scheme does not apply.
If you can't see that it's pointless saying anything else.
SR wrote:If this is what is needed to pay salaries for 2018 then what is to be done to pay salaries in 2019?? There is no long term solutions being put in place
First stop, Venezuela; next stop, Haiti....SR wrote:If this is what is needed to pay salaries for 2018 then what is to be done to pay salaries in 2019?? There is no long term solutions being put in place
sMASH wrote:First stop, Venezuela; next stop, Haiti....SR wrote:If this is what is needed to pay salaries for 2018 then what is to be done to pay salaries in 2019?? There is no long term solutions being put in place
I think I've said this already.
1-It's not a ponzi scheme, but inflation does render it useless.
Not sure how the dividends pay outs gonna be, which would calculate into if u make a net plus or minus when compared to inflation.
2-And if it's really to pay salaries, what dividend will there be?
Ponzi WI wrong but patriotism is the stupidest factor to use to invest... Might be better off investing in something actually making money and use those profits to pay the salaries.
PariaMan wrote:Maybe less than inflation but compared to the interest banks and other financial institutions offering it is much better
Once people have a choice they will probably take the one paying higher interest. Makes sense. Does not understand the bait context88sins wrote:PariaMan wrote:Maybe less than inflation but compared to the interest banks and other financial institutions offering it is much better
sounding like bait to see who they could ketch
Miktay wrote:Zoom go hate mih for stating thiz again...Asha Javeed......mmmmm....mmmm....m lol
National insurance iza ponzi scheme...but I dont agree with kamala on thiz one...
Are the bonds callable?
Redman wrote:Making an investment decision based on patriotism....is a poor choice.
Facts is facts.
KPB is talking tripe-and he rightly waded into her.
if inflation rises-the bonds are a bigger WFT.
if we enter a deflationary spiral-the value of the assets backing the bonds-deflate...
If we have a devaluation-bonds are screwed-while the equity assets will hedge pretty well....with 0 impact on the value of the bonds-having 3X the coverage for a $1000 bond....is the same as 4X....the bond is worth $1000.
An equity backed bond opens the owner to both types of risk-without having to disclose it as such.
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