| rep (Little Upsilon) | Friday, June 24, 2011 - 03:13 pm 
If you have a public corp and buy back 100% of the shares does it revert back to a private/state corp?
A pox on public corps! :P
I did only one IPO in my country, just to try it out. I've always gone for the lower profit/greater control of state corps.
I IPO'd a road maintenace corp, and the market went deep green not long after, and has pretty much stayed there.
Am wondering if I can buy all the shares and turn it back into a state corp before it starts the debt death spiral.
Appreciate any info. |
| Gothamloki (Little Upsilon) | Friday, June 24, 2011 - 04:20 pm
Eek! If you maintain control, can you close it down? Use the workers in another corp? |
| Crafty (Little Upsilon) | Friday, June 24, 2011 - 07:21 pm
Who has the shares you dont have rep?
It can be difficult to get them back from IFs. But your idea does work in theory, I've done it, it'll drop back to 200 upgrade eventually, and it will prob take a while to accomplish. Can you nationalise it? |
| rep (Little Upsilon) | Friday, June 24, 2011 - 09:30 pm
Nationalizing it may be a good idea. I own in the neighborhood of 80%, Skandar used to have some of it, not sure if he still does.
Gothamloki, don't want to close it down as it provides my country's road maintenance. And if I did close it, road maintenance would immediately go red and stay there, happens every time! :P |
| white darkness (Little Upsilon) | Friday, June 24, 2011 - 09:33 pm
It'll revert back. I hated chasing down loose shares. Pretty much it became a situation of "could you sell these shares please?" Fortunately, most people will gladly sell. It's inactives who are the problem. |
| rep (Little Upsilon) | Saturday, June 25, 2011 - 12:00 am
WD, know what you're saying there!
I've gotten 87% of them back, have 5 IFs with shares, with trouble being that 3 of them are c3 IFs. Have messaged the other two to ask them to sell. Heck, it's only going for 2 bucks per share, it'll just be a matter of waiting on the c3s to unload. PITA.
Thanks as always for the competent advice, all.
Crafty, apparently you can't nationalise (Brit spelling) a public corp, or maybe you can't nationalize your own publics, that line is missing from the corp page. |
| white darkness (Little Upsilon) | Saturday, June 25, 2011 - 12:44 am
you can nationalize a public, with some squirrelly share swapping, but even still it probably wouldn't held with the c3 IF funds.
You hit on pretty much the only route with c3 IF funds, you wait for them to cough up. Only other choice is to tank the corp temporarily so that they want to let it go. |
| rep (Little Upsilon) | Saturday, June 25, 2011 - 08:11 am
WD,
Don't have to worry about tanking the corp, the market has already taken care of that! :P
When I did the IPO it was close to a 2T corp, now it's in the single B's. And I just know the Gods don't like me; as soon as I started my buyback campaign road maintenance went red! I'm not falling for it.  |
| Emperor Andross I. (White Giant) | Saturday, June 25, 2011 - 01:02 pm
What's so great about having control of corps with little profit? Truly publics or enterprise controlled publics give plenty money and you don't have to worry about them at all. Just keep some corps that you really need for your country as national corps and do an IPO once in a while when they reach the magical 500B barrier. Works fine for me at least |
| rep (Little Upsilon) | Sunday, June 26, 2011 - 04:54 am
Emperor,
It's cool that the publics work for you. I prefer the trade off for more control. If a public corp gets into trouble financially the only thing you can do to help is issue new shares or take on debt (which I absolutely hate), and if the market sux, the only one who will buy is your CEO. Of course, once he hits that magic 25% it's worthless to have him buy any more or you lose the benefit of a public.
My state corps pull down an average net 2B per month, after I get back the 80% transfer. Admittedly it's a tradeoff between the transfer and the country resources used, but it's one I'll accept.
I also like my corps to always have 15-20 months supplies and 40B in cash. With a state corp I can buy supplies with impunity, I just pump cash back into it the following month if needed. I can't do that with a public. In fact, if a public gets low on cash I have to start worrying about supplies.
I use 300 salaries on my corps, so I'm still getting 125+% production and they're fully upgraded so Q is around 260, which is good for a +25-30% on the market. So although I may be giving up some profit, it's not enough to replace the possible aggravation involved with publics.
Those are my reasons for preferring state corps. I'm glad your method works for you; my style is just a bit different. One of the beauties of the game, there are many different methods that work. |
