Esim - Advocate Investments - Day 76 Update
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Advocate Investments - Day 76 Update (Old article)
Posted 12 years ago by
junglejuice    
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Our first highly successful stretch since the great crash of October 2012 has us back on track!

The CEO share sell-off was a huge success, with about 50 shares being sold within the first 24 hours and another 24 sold up to my writing of this article. There are still 6 shares up on the market of which the proceeds will be donated to the company. Once those sell we'll have around 100 gold to build up a warchest of foreign currencies to keep our outsourced businesses running smoothly.

Dividend of 180 gold (.15/share) was given out yesterday despite political instability in China which temporarily shut down our ticket manufacturing business and results from upgrading our weapons company yet to begin manifesting. With proceeds we were able to upgrade two raw companies which means all four in our portfolio are now Q4, as well as upgrading our Q3 weapons company to a Q5 to try and capture better margins.

Over the next week or two I will be able to more accurately gauge the expected profit each period from our new business face and give a better indication of what the dividend per share will be going forward. It will almost definitely be less than the .25 currently stated as the target since markets have gotten more competitive and margins have decreased since the calculation of that target, however my hope is that we'll still end up somewhere around .2/share which would still put us among industry leaders. (.2 every 5 days = .28 weekly)

That's all the news for now, as always feel free to contact me via PM or on irc if you'd like to discuss anything. I'm always down to talk about anything economy-related.

Best wishes and happy investing!

-JJ

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Advocate Investments - Day 70 Update (12 years ago)

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