The document provides a recommended stock list for an Easy Investment Program (EIP). It includes companies from various industries that were carefully selected by the research team for their growth potential and ability to create long-term shareholder value. Performance results are provided for the original 6 stocks in the EIP showing their purchase prices, current market values, and effective annual yields over a 33 month period ranging from 41.10% to 11.10%. Several new stocks are also added to the expanded EIP list.
SMITH-TRG Insight, Proactive CRE Value Creation Strategies, by Richard D Smit...richarddsmith
Richard D Smith briefs Commercial REITs (with non or underperforming assets) on how to create new sources of sustainable value with Hidden Asset Value Solutions (HAVS) a proprietary SMITH-TRG service. Presentation is a collateral piece for reading, not presenting.
http://www.SMITH-TRG.com
Prestige Estates Projects is an Indian real estate developer primarily focused on the southern Indian market. The company owns and has development rights for over 57 million square feet of developable area. Prestige has a successful track record of execution over its 25-year history and a diversified portfolio across residential, commercial, hospitality and retail segments. However, the company has high debt levels attributable to its exposure to non-residential segments with longer cash conversion cycles. While the IPO proceeds will reduce debt, analysts recommend avoiding the issue due to stretched balance sheet and premium valuation compared to peers.
O documento descreve o Slimstone, uma pedra natural de apenas 5 mm de espessura que é aplicada sobre um composite para ganhar resistência. Ele apresenta os diferenciais do Slimstone em relação a pedras naturais convencionais, como maior resistência à flexão e impacto, e mostra suas aplicações em decoração, construção civil, arquitetura e mobiliário. Também fornece especificações técnicas, esquemas de instalação e manutenção.
Four s weekly pe track 30th july - 5th august 2012Four-S
During the week of July 30th to August 5th, there were 12 private equity deals worth $1.1 billion compared to 7 deals worth $34.2 million the previous week. The largest deal was Bain Capital Partners agreeing to buy 30% of Genpact for $1 billion. Other deals included L Capital investing $19.6 million in PVR, Oman India Joint Fund investing $13 million in Solar Industries India, and Vistaar Financial Services raising $7.2 million from Lok Capital and others. Private equity activity in India continued with deals across sectors such as IT/ITeS, manufacturing, retail, and financial services.
Four s weekly pe track 30th july - 5th august 2012Four-S
Bain Capital bought a 30% stake in Genpact for $1bn, the largest PE deal of the week. L Capital invested $19.6mn in PVR and its subsidiary to focus on in-mall entertainment. Oman India Joint Investment Fund invested $13mn in Solar Industries India, an industrial explosives maker, for a 4.28% stake.
The document discusses key precepts for successful public-private partnership (PPP) programs drawn from international experience. It outlines six precepts: 1) Approach PPP infrastructure as a program, not individual transactions. 2) Provide technical assistance throughout project preparation. 3) Do not underfund project preparation costs. 4) Promote open and transparent competition. 5) Leverage public funding where possible. 6) Strengthen the PPP legal framework over time. The document explains why each precept is important and provides examples from Peru and Colombia of how following the precepts led to successful PPP outcomes.
This document discusses sourcing investors and strategic partners for infrastructure projects. It explains that InduStreams has a large network of investors, operators, and cargo owners as well as insight into both industries. InduStreams can identify the most relevant investors and executives for a project, introduce the proposition, and facilitate securing an agreement, typically through a three step process of understanding needs, engagement, and finding 3-5 high relevance investors or partners.
Private company secondary markets - November 2011Jason Jones
The document discusses private company secondary markets and how they provide liquidity solutions for shareholders of high-growth private companies. It notes that the time to exit for these companies via IPO has increased, leaving a gap that secondary markets have emerged to address. It provides an overview of how secondary transactions work, the various structures, characteristics of secondary investors, and how the legal framework around private company shares is developing to support these markets.
SMITH-TRG Insight, Proactive CRE Value Creation Strategies, by Richard D Smit...richarddsmith
Richard D Smith briefs Commercial REITs (with non or underperforming assets) on how to create new sources of sustainable value with Hidden Asset Value Solutions (HAVS) a proprietary SMITH-TRG service. Presentation is a collateral piece for reading, not presenting.
http://www.SMITH-TRG.com
Prestige Estates Projects is an Indian real estate developer primarily focused on the southern Indian market. The company owns and has development rights for over 57 million square feet of developable area. Prestige has a successful track record of execution over its 25-year history and a diversified portfolio across residential, commercial, hospitality and retail segments. However, the company has high debt levels attributable to its exposure to non-residential segments with longer cash conversion cycles. While the IPO proceeds will reduce debt, analysts recommend avoiding the issue due to stretched balance sheet and premium valuation compared to peers.
O documento descreve o Slimstone, uma pedra natural de apenas 5 mm de espessura que é aplicada sobre um composite para ganhar resistência. Ele apresenta os diferenciais do Slimstone em relação a pedras naturais convencionais, como maior resistência à flexão e impacto, e mostra suas aplicações em decoração, construção civil, arquitetura e mobiliário. Também fornece especificações técnicas, esquemas de instalação e manutenção.
Four s weekly pe track 30th july - 5th august 2012Four-S
During the week of July 30th to August 5th, there were 12 private equity deals worth $1.1 billion compared to 7 deals worth $34.2 million the previous week. The largest deal was Bain Capital Partners agreeing to buy 30% of Genpact for $1 billion. Other deals included L Capital investing $19.6 million in PVR, Oman India Joint Fund investing $13 million in Solar Industries India, and Vistaar Financial Services raising $7.2 million from Lok Capital and others. Private equity activity in India continued with deals across sectors such as IT/ITeS, manufacturing, retail, and financial services.
Four s weekly pe track 30th july - 5th august 2012Four-S
Bain Capital bought a 30% stake in Genpact for $1bn, the largest PE deal of the week. L Capital invested $19.6mn in PVR and its subsidiary to focus on in-mall entertainment. Oman India Joint Investment Fund invested $13mn in Solar Industries India, an industrial explosives maker, for a 4.28% stake.
The document discusses key precepts for successful public-private partnership (PPP) programs drawn from international experience. It outlines six precepts: 1) Approach PPP infrastructure as a program, not individual transactions. 2) Provide technical assistance throughout project preparation. 3) Do not underfund project preparation costs. 4) Promote open and transparent competition. 5) Leverage public funding where possible. 6) Strengthen the PPP legal framework over time. The document explains why each precept is important and provides examples from Peru and Colombia of how following the precepts led to successful PPP outcomes.
This document discusses sourcing investors and strategic partners for infrastructure projects. It explains that InduStreams has a large network of investors, operators, and cargo owners as well as insight into both industries. InduStreams can identify the most relevant investors and executives for a project, introduce the proposition, and facilitate securing an agreement, typically through a three step process of understanding needs, engagement, and finding 3-5 high relevance investors or partners.
Private company secondary markets - November 2011Jason Jones
The document discusses private company secondary markets and how they provide liquidity solutions for shareholders of high-growth private companies. It notes that the time to exit for these companies via IPO has increased, leaving a gap that secondary markets have emerged to address. It provides an overview of how secondary transactions work, the various structures, characteristics of secondary investors, and how the legal framework around private company shares is developing to support these markets.
- InduStreams helps identify relevant investors and strategic partners for infrastructure, port, and asset owners seeking funding.
- They have a large network of global investors, operators, and cargo owners as well as insight into the industries and communities.
- Their process involves understanding the client's situation/needs, engaging them through an agreement, and fast-tracking to find 3-5 high relevance investors/partners.
Pentacapital is a financial services group established in the Philippines in 1993 and composed of several companies providing investment banking, finance, management, direct investments, stockbrokerage, and insurance brokerage services. The group is managed by an experienced team and provides products and services including investment banking, treasury services, and trust and investment advisory. Pentacapital has extensive experience as a financial advisor and underwriter for debt and equity offerings, and has advised on numerous infrastructure and real estate projects.
Private company secondary markets january 2012 - markum breakfastJason Jones
The private company secondary market has grown significantly in recent years as more companies stay private longer. This market allows investors to purchase shares of private companies from existing shareholders. The growth of this market is helping to address the widening "IPO gap" as companies mature before going public. Secondary investors provide liquidity to shareholders of late-stage private companies and help relieve pressure for companies who face constraints on the traditional IPO path. The legal framework around private share trading is also developing to further support this growing market.
Prepared for the Australian Innovation Festival 2010, this event explores the issues raised by the Auditor General of Victoria, Australia. It discusses the key issues in the management of IP in Government
Managing Intellectual Property In GovernmentMarcus Tarrant
This presentation was developed for the 2010 Australian Innovation Festival. It outlines the key findings from the 2005 Auditor General of Victoria on the management of IP in government. The session provided a forum for further discussion on the report in May 2010
Saint Pierre and Miquelon India Trade & Investment Promotion GroupIndia Advisors
The document describes the Saint Pierre and Miquelon-India Trade & Investment Promotion Group (SITIPG). SITIPG will exclusively promote trade, commerce, investment, and economic cooperation between India and Saint Pierre and Miquelon. Unlike other trade organizations, SITIPG will serve an estimated 40,000 members without fees beyond an initial entrance fee. Major initial funding will come from sponsors, but SITIPG intends to become self-sustaining through success fees. SITIPG will facilitate international trade between the two regions and bolster infrastructure through partnerships.
Sta. Barbara Heights located in Sta. Barbara, Iloilo. This Sub-urban residential property is the getaway from the congested city. But soon to be at the heart of Megaworld's development for the next Township.
Pacific Potash Corporation is a junior mining company listed on the TSX Venture Exchange that is engaged in exploring and developing the Provost Potash Property located in Alberta, Canada in the prolific Prairie Evaporite Formation. Potash is in increasing demand globally as a key fertilizer. The Provost Potash Property has potential for potash mineralization based on historic gamma ray logs from the property that showed peaks indicative of 15-25% potash content over intervals of 1.75-2.25 meters. The property benefits from year-round access and existing infrastructure.
Australian Geothermal Energy Conference, Nov. 17, 2011ThinkGeoEnergy
Financing Geothermal - The current status on financing in the North American context.
Event: Australian Geothermal Energy Conference 2011, Melbourne, Australia, Nov. 17, 2011
EG2008 Roy Powell Practicing Eg June2008Ed Morrison
The economic gardening program in Port Macquarie has produced outstanding results for participating businesses. It has verified the assumptions of the program, provided a positive bridge between local businesses and the council, and allowed both parties to learn and innovate. The program aims to support the growth of local small businesses through workshops and advice to build business capacity and networks. Its goals are to grow the local economy and diversify its industry structure.
Bryant Park Capital provides a comprehensive suite of investment banking services including mergers and acquisitions, capital raising, and strategic advisory services. It has extensive experience across multiple industries and has completed over $70 billion in transactions. The firm also has significant cross-border expertise through its affiliation with other international investment banks.
Fullerton Financial Holdings invests in financial institutions in emerging markets. It seeks to create shareholder value by differentiating through great people and disciplined execution of unique business models. Temasek Holdings is Fullerton's shareholder and is an Asia investment house managing over $134 billion. Fullerton has presences in 9 countries through 16 financial institutions, with over 65,000 total employees.
The document provides a 1Q09 update from ProLogis including a forward looking statement and key takeaways. It discusses ProLogis' focus on preserving capital through actions like eliminating development starts and reducing dividends. It summarizes progress on simplifying operations, de-risking, and de-leveraging the balance sheet. The document reviews operating fundamentals, development portfolio leasing, industrial market conditions, and risks and opportunities.
The document discusses three topics:
1) ITC's E-Choupal initiative to improve rural marketing channels in India through internet kiosks. E-Choupal now operates in several Indian states and plans further expansion.
2) Universal Studios' plans to open a Harry Potter theme park to compete with Disney. Experts believe the Harry Potter brand could help Universal gain momentum over Disney.
3) Fox Business Network's strategy to differentiate itself from CNBC by targeting common viewers rather than elite business audiences. It remains to be seen if this strategy will succeed long-term.
Pan American Lithium Corp. is a junior mining company engaged in acquiring and exploring lithium properties in Latin America. It has a portfolio of 11 lithium projects in Chile covering over 20,000 hectares, including mineral and water rights. Key projects include Laguna Verde with an inferred resource of over 500,000 tons lithium carbonate equivalent, and Rio de la Sal/Pedernales and Llanta which show promising lithium grades from initial exploration. The company aims to advance these projects through further exploration work including resource estimates to evaluate their development potential.
090420 a new financial order - 114 page abridged version for financial marketsSuzanne Duncan
This document summarizes the findings of an 18-month study on the future of the financial markets industry. Key findings include:
1) Financial sophistication has outpaced the industry's ability to manage risks and unintended consequences.
2) Both government and industry must work together to balance financial stability and healthy innovation.
3) Firms face an identity crisis and must solve how to generate sustainable value rather than relying on past opaque practices.
NorthStar Realty Finance is a commercial real estate finance company with $6.8 billion of assets under management across three business lines: commercial real estate lending, real estate securities investment/management, and net leased corporate/healthcare properties. The company has a seasoned management team with extensive experience and a focus on credit risk management. Key highlights include a strong liquidity position, minimal near-term debt maturities, and consistent dividend payments since going public. NorthStar's priorities are liquidity/capital retention, intensive credit monitoring, capital raising through alternative sources, and opportunistic investments.
NorthStar Realty Finance is a commercial real estate finance company with three primary business lines: commercial real estate lending, real estate securities investment and management, and net leased corporate and healthcare properties. It has $6.8 billion of commercial real estate loans, securities, and properties under management. NorthStar focuses on senior loans, direct origination, and long-term capital raising. It has a seasoned management team with extensive experience and a strong credit track record through economic cycles. NorthStar prioritizes liquidity management, capital retention, and intensive credit risk management during the difficult market environment.
Cogent Bay Inc. plans to acquire interests in land for utility-scale facilities through transactions and purchase community facilities. It will also originate mortgages for renewable energy and real estate projects. Cogent Bay Inc. aims to bridge real estate ownership, finance, and renewable energy production by qualifying as a REIT to minimize taxes and investing in apartment and alternative energy businesses to achieve returns from income and capital appreciation exceeding comparable REITs.
Indonesia needs to invest $143 billion in infrastructure over the next 5 years, but the government budget can only cover $37.2 billion (31%). To encourage private sector involvement to finance the $82.8 billion gap (69%), the government established financing facilities like the Land Fund, Guarantee Fund, and Infrastructure Fund. The Land Fund provides bridging finance for land acquisition, while the Guarantee Fund and Infrastructure Fund aim to improve project creditworthiness and attract long-term private capital respectively.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Monthly Market Risk Update: June 2024 [SlideShare]Commonwealth
Markets rallied in May, with all three major U.S. equity indices up for the month, said Sam Millette, director of fixed income, in his latest Market Risk Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
- InduStreams helps identify relevant investors and strategic partners for infrastructure, port, and asset owners seeking funding.
- They have a large network of global investors, operators, and cargo owners as well as insight into the industries and communities.
- Their process involves understanding the client's situation/needs, engaging them through an agreement, and fast-tracking to find 3-5 high relevance investors/partners.
Pentacapital is a financial services group established in the Philippines in 1993 and composed of several companies providing investment banking, finance, management, direct investments, stockbrokerage, and insurance brokerage services. The group is managed by an experienced team and provides products and services including investment banking, treasury services, and trust and investment advisory. Pentacapital has extensive experience as a financial advisor and underwriter for debt and equity offerings, and has advised on numerous infrastructure and real estate projects.
Private company secondary markets january 2012 - markum breakfastJason Jones
The private company secondary market has grown significantly in recent years as more companies stay private longer. This market allows investors to purchase shares of private companies from existing shareholders. The growth of this market is helping to address the widening "IPO gap" as companies mature before going public. Secondary investors provide liquidity to shareholders of late-stage private companies and help relieve pressure for companies who face constraints on the traditional IPO path. The legal framework around private share trading is also developing to further support this growing market.
Prepared for the Australian Innovation Festival 2010, this event explores the issues raised by the Auditor General of Victoria, Australia. It discusses the key issues in the management of IP in Government
Managing Intellectual Property In GovernmentMarcus Tarrant
This presentation was developed for the 2010 Australian Innovation Festival. It outlines the key findings from the 2005 Auditor General of Victoria on the management of IP in government. The session provided a forum for further discussion on the report in May 2010
Saint Pierre and Miquelon India Trade & Investment Promotion GroupIndia Advisors
The document describes the Saint Pierre and Miquelon-India Trade & Investment Promotion Group (SITIPG). SITIPG will exclusively promote trade, commerce, investment, and economic cooperation between India and Saint Pierre and Miquelon. Unlike other trade organizations, SITIPG will serve an estimated 40,000 members without fees beyond an initial entrance fee. Major initial funding will come from sponsors, but SITIPG intends to become self-sustaining through success fees. SITIPG will facilitate international trade between the two regions and bolster infrastructure through partnerships.
Sta. Barbara Heights located in Sta. Barbara, Iloilo. This Sub-urban residential property is the getaway from the congested city. But soon to be at the heart of Megaworld's development for the next Township.
Pacific Potash Corporation is a junior mining company listed on the TSX Venture Exchange that is engaged in exploring and developing the Provost Potash Property located in Alberta, Canada in the prolific Prairie Evaporite Formation. Potash is in increasing demand globally as a key fertilizer. The Provost Potash Property has potential for potash mineralization based on historic gamma ray logs from the property that showed peaks indicative of 15-25% potash content over intervals of 1.75-2.25 meters. The property benefits from year-round access and existing infrastructure.
Australian Geothermal Energy Conference, Nov. 17, 2011ThinkGeoEnergy
Financing Geothermal - The current status on financing in the North American context.
Event: Australian Geothermal Energy Conference 2011, Melbourne, Australia, Nov. 17, 2011
EG2008 Roy Powell Practicing Eg June2008Ed Morrison
The economic gardening program in Port Macquarie has produced outstanding results for participating businesses. It has verified the assumptions of the program, provided a positive bridge between local businesses and the council, and allowed both parties to learn and innovate. The program aims to support the growth of local small businesses through workshops and advice to build business capacity and networks. Its goals are to grow the local economy and diversify its industry structure.
Bryant Park Capital provides a comprehensive suite of investment banking services including mergers and acquisitions, capital raising, and strategic advisory services. It has extensive experience across multiple industries and has completed over $70 billion in transactions. The firm also has significant cross-border expertise through its affiliation with other international investment banks.
Fullerton Financial Holdings invests in financial institutions in emerging markets. It seeks to create shareholder value by differentiating through great people and disciplined execution of unique business models. Temasek Holdings is Fullerton's shareholder and is an Asia investment house managing over $134 billion. Fullerton has presences in 9 countries through 16 financial institutions, with over 65,000 total employees.
The document provides a 1Q09 update from ProLogis including a forward looking statement and key takeaways. It discusses ProLogis' focus on preserving capital through actions like eliminating development starts and reducing dividends. It summarizes progress on simplifying operations, de-risking, and de-leveraging the balance sheet. The document reviews operating fundamentals, development portfolio leasing, industrial market conditions, and risks and opportunities.
The document discusses three topics:
1) ITC's E-Choupal initiative to improve rural marketing channels in India through internet kiosks. E-Choupal now operates in several Indian states and plans further expansion.
2) Universal Studios' plans to open a Harry Potter theme park to compete with Disney. Experts believe the Harry Potter brand could help Universal gain momentum over Disney.
3) Fox Business Network's strategy to differentiate itself from CNBC by targeting common viewers rather than elite business audiences. It remains to be seen if this strategy will succeed long-term.
Pan American Lithium Corp. is a junior mining company engaged in acquiring and exploring lithium properties in Latin America. It has a portfolio of 11 lithium projects in Chile covering over 20,000 hectares, including mineral and water rights. Key projects include Laguna Verde with an inferred resource of over 500,000 tons lithium carbonate equivalent, and Rio de la Sal/Pedernales and Llanta which show promising lithium grades from initial exploration. The company aims to advance these projects through further exploration work including resource estimates to evaluate their development potential.
090420 a new financial order - 114 page abridged version for financial marketsSuzanne Duncan
This document summarizes the findings of an 18-month study on the future of the financial markets industry. Key findings include:
1) Financial sophistication has outpaced the industry's ability to manage risks and unintended consequences.
2) Both government and industry must work together to balance financial stability and healthy innovation.
3) Firms face an identity crisis and must solve how to generate sustainable value rather than relying on past opaque practices.
NorthStar Realty Finance is a commercial real estate finance company with $6.8 billion of assets under management across three business lines: commercial real estate lending, real estate securities investment/management, and net leased corporate/healthcare properties. The company has a seasoned management team with extensive experience and a focus on credit risk management. Key highlights include a strong liquidity position, minimal near-term debt maturities, and consistent dividend payments since going public. NorthStar's priorities are liquidity/capital retention, intensive credit monitoring, capital raising through alternative sources, and opportunistic investments.
NorthStar Realty Finance is a commercial real estate finance company with three primary business lines: commercial real estate lending, real estate securities investment and management, and net leased corporate and healthcare properties. It has $6.8 billion of commercial real estate loans, securities, and properties under management. NorthStar focuses on senior loans, direct origination, and long-term capital raising. It has a seasoned management team with extensive experience and a strong credit track record through economic cycles. NorthStar prioritizes liquidity management, capital retention, and intensive credit risk management during the difficult market environment.
Cogent Bay Inc. plans to acquire interests in land for utility-scale facilities through transactions and purchase community facilities. It will also originate mortgages for renewable energy and real estate projects. Cogent Bay Inc. aims to bridge real estate ownership, finance, and renewable energy production by qualifying as a REIT to minimize taxes and investing in apartment and alternative energy businesses to achieve returns from income and capital appreciation exceeding comparable REITs.
Indonesia needs to invest $143 billion in infrastructure over the next 5 years, but the government budget can only cover $37.2 billion (31%). To encourage private sector involvement to finance the $82.8 billion gap (69%), the government established financing facilities like the Land Fund, Guarantee Fund, and Infrastructure Fund. The Land Fund provides bridging finance for land acquisition, while the Guarantee Fund and Infrastructure Fund aim to improve project creditworthiness and attract long-term private capital respectively.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Monthly Market Risk Update: June 2024 [SlideShare]Commonwealth
Markets rallied in May, with all three major U.S. equity indices up for the month, said Sam Millette, director of fixed income, in his latest Market Risk Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
University of North Carolina at Charlotte degree offer diploma Transcripttscdzuip
办理美国UNCC毕业证书制作北卡大学夏洛特分校假文凭定制Q微168899991做UNCC留信网教留服认证海牙认证改UNCC成绩单GPA做UNCC假学位证假文凭高仿毕业证GRE代考如何申请北卡罗莱纳大学夏洛特分校University of North Carolina at Charlotte degree offer diploma Transcript
KYC Compliance: A Cornerstone of Global Crypto Regulatory FrameworksAny kyc Account
This presentation explores the pivotal role of KYC compliance in shaping and enforcing global regulations within the dynamic landscape of cryptocurrencies. Dive into the intricate connection between KYC practices and the evolving legal frameworks governing the crypto industry.
South Dakota State University degree offer diploma Transcriptynfqplhm
办理美国SDSU毕业证书制作南达科他州立大学假文凭定制Q微168899991做SDSU留信网教留服认证海牙认证改SDSU成绩单GPA做SDSU假学位证假文凭高仿毕业证GRE代考如何申请南达科他州立大学South Dakota State University degree offer diploma Transcript
Discover the Future of Dogecoin with Our Comprehensive Guidance36 Crypto
Learn in-depth about Dogecoin's trajectory and stay informed with 36crypto's essential and up-to-date information about the crypto space.
Our presentation delves into Dogecoin's potential future, exploring whether it's destined to skyrocket to the moon or face a downward spiral. In addition, it highlights invaluable insights. Don't miss out on this opportunity to enhance your crypto understanding!
https://36crypto.com/the-future-of-dogecoin-how-high-can-this-cryptocurrency-reach/
The Rise and Fall of Ponzi Schemes in America.pptxDiana Rose
Ponzi schemes, a notorious form of financial fraud, have plagued America’s investment landscape for decades. Named after Charles Ponzi, who orchestrated one of the most infamous schemes in the early 20th century, these fraudulent operations promise high returns with little or no risk, only to collapse and leave investors with significant losses. This article explores the nature of Ponzi schemes, notable cases in American history, their impact on victims, and measures to prevent falling prey to such scams.
Understanding Ponzi Schemes
A Ponzi scheme is an investment scam where returns are paid to earlier investors using the capital from newer investors, rather than from legitimate profit earned. The scheme relies on a constant influx of new investments to continue paying the promised returns. Eventually, when the flow of new money slows down or stops, the scheme collapses, leaving the majority of investors with substantial financial losses.
Historical Context: Charles Ponzi and His Legacy
Charles Ponzi is the namesake of this deceptive practice. In the 1920s, Ponzi promised investors in Boston a 50% return within 45 days or 100% return in 90 days through arbitrage of international reply coupons. Initially, he paid returns as promised, not from profits, but from the investments of new participants. When his scheme unraveled, it resulted in losses exceeding $20 million (equivalent to about $270 million today).
Notable American Ponzi Schemes
1. Bernie Madoff: Perhaps the most notorious Ponzi scheme in recent history, Bernie Madoff’s fraud involved $65 billion. Madoff, a well-respected figure in the financial industry, promised steady, high returns through a secretive investment strategy. His scheme lasted for decades before collapsing in 2008, devastating thousands of investors, including individuals, charities, and institutional clients.
2. Allen Stanford: Through his company, Stanford Financial Group, Allen Stanford orchestrated a $7 billion Ponzi scheme, luring investors with fraudulent certificates of deposit issued by his offshore bank. Stanford promised high returns and lavish lifestyle benefits to his investors, which ultimately led to a 110-year prison sentence for the financier in 2012.
3. Tom Petters: In a scheme that lasted more than a decade, Tom Petters ran a $3.65 billion Ponzi scheme, using his company, Petters Group Worldwide. He claimed to buy and sell consumer electronics, but in reality, he used new investments to pay off old debts and fund his extravagant lifestyle. Petters was convicted in 2009 and sentenced to 50 years in prison.
4. Eric Dalius and Saivian: Eric Dalius, a prominent figure behind Saivian, a cashback program promising high returns, is under scrutiny for allegedly orchestrating a Ponzi scheme. Saivian enticed investors with promises of up to 20% cash back on everyday purchases. However, investigations suggest that the returns were paid using new investments rather than legitimate profits. The collapse of Saivian l
Explore the world of investments with an in-depth comparison of the stock market and real estate. Understand their fundamentals, risks, returns, and diversification strategies to make informed financial decisions that align with your goals.
1. CITISECONLINE.COM, INC. PHILIPPINE EQUITY RESEARCH
Strategy Report
April Lee-Tan, CFA
COL HEAD OF RESEARCH
Recommended april.tan@citiseconline.com
10 MAY 2011 + 632 636 5411
Stock List for EIP
The New and Expanded Stock List for EIP is a selection of Premium Growth Stocks carefully selected by
the COL Research Team that represents listed companies that will continue drive shareholder value in the
long-term.
EIP List of Companies
INCLUSION PRICE AS OF
COMPANY NAME DATE INCLUSION NOTES
DATE
Ayala Corp. A holding company for diversified interests in
AC (CONGLOMERATES) 18-Feb-11 Php 335.00 banking (BPI), real estate (ALI), and utilities/water
* NEW distribution (MWC).
ALI Ayala Land, Inc.
01-Aug-08 Php 10.00 Largest and most experienced real estate developer
(PROPERTY)
Aboitiz Power Corp. Leading player in the Philippine power industry –
AP (POWER) 18-Feb-11 Php 28.30 power generation and distribution in Visayas and
* NEW Mindanao.
Banco De Oro One of the largest full-service universal banks with a
BDO (BANK) 18-Feb-11 Php 47.90 corporate, retail, investment banking and insurance
* NEW broking.
One of the largest Philippine universal banks with
more than 800 branches in the Philippines, Hong
Bank of Philippine Kong, Italy, and the US. It provides commercial and
BPI Islands 01-Aug-08 Php 42.00 consumer banking services, asset management and
(BANK) trust services, mutual funds, electronic banking, and
brokerage services and investment banking
services.
Holding company with businesses engaged in
general construction (DMCI), equity investments in
DMCI Holdings, Inc. infrastructure projects (PDI), heavy fabrication,
DMC (INFRASTRUCTURE) 18-Feb-11 Php 34.00 industrial construction and engineering services
* NEW
(AG&P) and exploration, mining, development and
sales of coal resources (SCC).
WWW.CITISECONLINE.COM
2. CITISECONLINE.COM, INC. PHILIPPINE EQUITY RESEARCH
Strategy Report
A pioneer in geothermal energy industry involved in
PNOC Energy
the exploration and production of water-based
EDC Development Corp. 18-Feb-11 Php 5.72 steam power to generation of electricity for
(POWER) * NEW commercial use.
Int’l Container
Engaged in the management, operation and
ICT Terminal Services 18-Feb-11 Php 42.00 development of container terminals in Asia, Europe,
(PORT OPERATIONS) Middle East, Africa and the Americas
* NEW
Develops, operates and franchises quick-service
restaurants in the Philippines and overseas under
JFC Jollibee Foods Corp.
01-Aug-08 Php 36.50 the brand name Jollibee, Chowking, Greenwich,
(CONSUMER)
Delifrance, Manong Pepe's and Red Ribbon
Bakeshop, Inc.
One of the largest Philippine banks providing
Metropolitan Bank deposit products, loans and trade finance, domestic
MBT & Trust 18-Feb-11 Php 59.85 and foreign fund transfers, treasury, foreign
(BANK) * NEW exchange, trading and remittances and trust
services.
Metro Pacific
Holding company for investments in real estate and
MPI Investments 18-Feb-11 Php 3.63 infrastructure projects such as water utilities, toll
(INFRASTRUCTURE) operations, healthcare, power, port, and others.
* NEW
Holds exclusive rights for water delivery, sewerage
Manila Water
and sanitation services under a 25-year concession
MWC Company 01-Aug-08 Php 15.00 agreement to 6Million residential, commercial and
(UTILITIES) industrial customers.
SM Investments The holding company of the SM Group of
Corp. Companies engaged shopping mall development,
SM 18-Feb-11 Php 475.40
(CONGLOMERATES) retail, financial services, real estate development
* NEW and tourism and hotels and conventions.
Engaged in developing and operating modern
SMPH SM Prime Holdings
01-Aug-08 Php 10.78 shopping centers with over 40 SM Supermalls in the
(PROPERTY)
Philippines and three SM supermalls in China.
Leading telecommunications provider in the
Philippine Long
Philippines with three principal business groups -
TEL Distance Tel. Co. 01-Aug-08 Php 2,300.00 fixed line, wireless, and information and
(TELECOM)
communication technology.
Universal Robina
Leading branded convenience food and beverage
URC Corp. 18-Feb-11 Php 34.15 company in the Philippines, and a major player in
(CONSUMER) the Southeast Asian region and greater China.
* NEW
* Criteria used for EIP Stock Selection – Growing Industry / Earnings Visibility / Management Credibility / Superior Products or
Services / and a Strong balance sheet.
** NEW – Indicates the companies recently added to our Easy Investment Program list.
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3. CITISECONLINE.COM, INC. PHILIPPINE EQUITY RESEARCH
Strategy Report
ACTUAL PERFORMANCE OF ORIGINAL 6 EIP STOCKS
Period Covered: From EIP launch date of 08/01/08 to 04/27/11 (33 months)
Monthly Investment: Php 5,000 – assumes that you fully invested entire amount every month.
ALI BPI JFC MWC SMPH TEL
Price as of launch
Php 10.00 Php 42.00 Php 36.50 Php 17.00 Php 7.40 Php 2,490.00
date 8/1/08
Price as of 4/27/11 Php 16.66 Php 59.00 Php 97.00 Php 17.96 Php 12.00 Php 2,466.00
Average Purchase
Php 9.85 Php 41.15 Php 52.46 Php 14.62 Php 8.95 Php 2,116.38
Price per Share
under EIP
Total Investment Php 165,000 Php 165,000 Php 165,000 Php 165,000 Php 165,000 Php 165,000
Current Market
Php 279,086 Php 236,574 Php 305,079 Php 202,672 Php 221,268 Php 192,258
Value of EIP
Portfolio
% Effective 41.10% 27.30% 49.00% 15.10% 21.90% 11.10%
Annual Yield
* Definition of EFFECTIVE ANNUAL YIELD – Annualized interest rate on an investment taking into account the
effects of compounding.
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