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The apples are already upset !
So they only pay $5 million a year lease ?
What idiot sold it off that cheap ?
The 99 year lease is worth about $500 MILLION, but Australia makes More than about $500M a month selling Iron Ore to China, let’s not upset the Apple cart.
Chinese newspaper claims Australia becoming ‘poor white trash of Asia’
So they only pay $5 million a year lease ?
What idiot sold it off that cheap ?
No they paid over $500 Million upfront on day one + $200 Million in upgrades over the next 25 years, (they were the highest bidder) which is worth about $25 Million per year over the 99 years, I am sure they would have loved to only have to pay $5 Million per year if they could.
The time value of money means that $500 Million up front is worth closer to $25 Million per year.
eg. if they only had to pay $5 million per year, they could take their $500 Million, invest it a 5% earn $25 Million and buy 5 ports, and those 5 ports would have earnings etc.
Instead they had to tie up the whole $500 Million in one longterm lease.
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Have you seen the Port? it's alot smaller than most people would imagine, and the price paid is about 50 times what it earned in the last year, thats 50 times earnings and its for a lease, not even a free hold.
there is a reason no one else wanted it.
Didn't realise it was that small.
Knowing China they will probably keep building islands from the mainland till they get to the port and then claim that Australia is traditionally part of China.No they paid over $500 Million upfront on day one + $200 Million in upgrades over the next 25 years, (they were the highest bidder) which is worth about $25 Million per year over the 99 years, I am sure they would have loved to only have to pay $5 Million per year if they could.
The time value of money means that $500 Million up front is worth closer to $25 Million per year.
eg. if they only had to pay $5 million per year, they could take their $500 Million, invest it a 5% earn $25 Million and buy 5 ports, and those 5 ports would have earnings etc.
Instead they had to tie up the whole $500 Million in one longterm lease.
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Have you seen the Port? it's alot smaller than most people would imagine, and the price paid is about 50 times what it earned in the last year, thats 50 times earnings and its for a lease, not even a free hold.
there is a reason no one else wanted it.
Knowing China they will probably keep building islands from the mainland till they get to the port and then claim that Australia is traditionally part of China.
So who owns Brisbane Port ?
https://www.smh.com.au/national/port-of-brisbane-sold-for-21-billion-20101110-17n7d.html
No they paid over $500 Million upfront on day one + $200 Million in upgrades over the next 25 years, (they were the highest bidder) which is worth about $25 Million per year over the 99 years, I am sure they would have loved to only have to pay $5 Million per year if they could.
The time value of money means that $500 Million up front is worth closer to $25 Million per year.
eg. if they only had to pay $5 million per year, they could take their $500 Million, invest it a 5% earn $25 Million and buy 5 ports, and those 5 ports would have earnings etc.
Instead they had to tie up the whole $500 Million in one longterm lease.
--------------
Have you seen the Port? it's alot smaller than most people would imagine, and the price paid is about 50 times what it earned in the last year, thats 50 times earnings and its for a lease, not even a free hold.
there is a reason no one else wanted it.
Really makes it a strategic position which is worrying at some level.
Importation of Chinese seafood should be banned with immediate effect.
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