Today's back of fag packet calculation
"Sale of the residential land behind the Norwich and Peterborough stand
Perception: the sale netted us ?6million
Reality: we had to spend ?2million in infrastructure costs to sell the land, generating a surplus of only ?4million"
It only generated a "surplus" of ?4 million if despite being a highly paid executive you choose to forget the cost of acquiring the land in the first place, together with the cost of servicing the debt that came with it for about 10 years.
Then factor in the opportunity cost of the whole thing and the lunacy of the Chase / Wynn-Jones method is exposed for all to see.
Posted By: Reg Presley on November 14th 2008 at 18:58:45
Message Thread
- Today's back of fag packet calculation (NCFC) - Reg Presley, Nov 14, 18:58:45
- Jez ............The more I read the more I realise (NCFC) - Ladbroke, Nov 14, 20:13:12
- so what is the opportunity cost in this instance? (n/m) (NCFC) - blindasabat, Nov 14, 19:31:51
- I'm sorry Reg (NCFC) - Ladbroke, Nov 14, 19:29:47
- Not sure exactly what your point is (NCFC) - Reg Presley, Nov 15, 09:37:20
- back of a fag packet calculation relates to my post from this morning (NCFC) - blindasabat, Nov 14, 19:39:09
- Are these not just straight forward negotiating techniques (NCFC) - Ladbroke, Nov 14, 20:00:59
- Oh I forgot.. (n/m) (NCFC) - Ladbroke, Nov 14, 20:02:12
- Black ops and disinformation ... (enter stage left) (n/m) (NCFC) - Ladbroke, Nov 14, 20:03:44
- Oh I forgot.. (n/m) (NCFC) - Ladbroke, Nov 14, 20:02:12
- Are these not just straight forward negotiating techniques (NCFC) - Ladbroke, Nov 14, 20:00:59
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