| Wednesday, November 12, 2008 - 12:46 pm |
I am haveing trouble understanding how it works.I know it doe's make more profits for you'r country but I don't understand how the set you'r portfolio targets means or what it doe's.I have set it on 75% on the target.Now the share market has challenged me at this point of view.Can someone explain to me how it works and what doe's the set portfolio target means and what it doe's.I don't know if I should set it to 100% target or leave it at 75% or lower it.I don't know when the profits starts to roll in or where is the safe place to be?Thank's in Advance.
| Wednesday, November 12, 2008 - 04:58 pm |
the portfolio target is for you to decide what percentage of the shares you want to own. If you own 100% of the shares, it will be converted over to a state corporation. As long as you hold the majority(at least 51%), you will still maintain control of the corporation. 75 will give you 3/4 of the shares while you sell the other 25%. By setting the targets, it will automatically buy and sell shares for that corporation until it reaches its goal.
| Wednesday, November 12, 2008 - 05:40 pm |
and I think if you set and achieve less than 25%, ie 24.99% then you get a TRULY public corps, which you can upgrade even higher than normal to achieve greater productivity, quality and profit. But beware of others buying a controlling percentage (higher than yours) though normally its investment funds that will buy your shares, and they cant take over control of your corps.
PS The author accepts no responsibility for the accuracy of this advice. Read the documentation
| Thursday, November 13, 2008 - 04:47 pm |
Just got my first TRULY on the list, where my country owns 24.99%. Thought it would also pay for country resources?..but no sign yet for 4 months
| Friday, November 14, 2008 - 11:27 am |
Only corporations controlled by a CEO will have to pay the recourse tax. Truly public corporations controlled by countries will always be the most profitable corporation, but not the most profitable for a single player(unless you own 99.96% of the corporation through separate entities you own).
| Friday, November 14, 2008 - 11:51 am |
I'm going to have a re-think on that Angus. I don't think it is worthwhile to have country controlled Trulys. Just getting 25% of the dividends available doesn't appeal much. The increased production and quality efort required to get the same income when I had 90% of the corp doesn't make sense. What's the point
| Saturday, November 15, 2008 - 05:03 pm |
I hear ya Coolwind. It doesn't make sense to me either. Thats why I haven't tried to make a truly.
| Sunday, November 16, 2008 - 08:23 am |
I will get back to you more about my corps later.Because I have some on the Country Controlled Public Corporations and I have set my targets on 75%.But the thing is,you must watch the corps cash available every now and then.So that you don't get into debt.So far the corps does not use country resources and yet it doe's pay taxes and divideneds income on the set targets for profit transfer.See if this does make sense to you?And also it will eventually reach 250 on the quality and effectivity in the long term.It does'nt happen over night.Good luck.
| Sunday, November 16, 2008 - 05:17 pm |
Anthony, it's my experience that if you set the tax% to 0 for all your corps, 98% for all your portfolio targets in your country corps and your profit transfers for your state corps to 70% then you'll do ok.
By the way your ccpcs will never reach 250, they will stay at 200 unless you only have 24.99% of the shares
| Sunday, November 16, 2008 - 09:32 pm |
can you buy the shares back once the corp is at 250 so you own > 24.99% and get more of profit ?
| Monday, November 17, 2008 - 06:37 am |
So that means I must drop from 75% target to 24.99% in order to reach 250?But I will leave tax at 75% and 75% state profit transfer and about 25% to 51% or 50/50 for country controlled and country cash profit transfer.
| Monday, November 17, 2008 - 08:40 am |
I have set my target to 24.99% and then it will start to rise up to 250 mark in the end.I have decide to change the profit transfer to 50% on both state and controlled corps and see what happens in the future.Thanks.
| Monday, November 17, 2008 - 11:31 am |
It's a waste of time having a truly country corp with 24.99%. keep your share % as high as possible to maximise your dividends.
Also set your tax to 0% because the value of your corps rises along with the net profit.
Any income you want just take it as profit transfer
| Monday, November 17, 2008 - 02:10 pm |
Sorry coolwind,I will be keeping 75% tax drop to 24.99% and start increase up to 250 quality and effectivity to increase profits and lastly set to 50% profit transfer and see how I go.Thanks anyway.
| Tuesday, November 18, 2008 - 06:35 am |
Yeah haveing a more profitable cctp with a 75% tax rate will bring in more revenue then haveing 100% profit of a state corp. The quality difference is quite large the, max quality for a state corp is around 296 I think, while the max quality for a truly public is 370. Since cctp don't pay the production tax they will generally be the most profitable kind of corporation. Because of the large quality, and minimum production linked costs (only raw materials) this makes increases in salaries very economically viable for these corporations (check out the salary level vs profit, for cctp in Chinese Intrigue).
75% profit from these corporations is better then 100% profit from state corporations providing they are well run.
| Tuesday, November 18, 2008 - 07:21 am |
Thanks Angus88,coolwind does not makes sense at all.And I am doing things right and it's going well so far.Thanks again Angus88.Angus88 what about the value of the country controlled corps.How do I bring the value going up or will it go up in the future as the salaries and sales go well with the production levels and cash stays high,I don't know how this will work.I won't listen to coolwind though.I am getting better and more understanding about country controlled corps now.Thanks Angus88.
| Tuesday, November 18, 2008 - 08:17 pm |
well guys, with hindsight i think I have learned something from the last two posts.
I've changed my mind about CCTPs LOL
All the best to you both,
| Tuesday, November 18, 2008 - 08:24 pm |
just a footnote, I have 0% tax to assist the CEOs so can't use that revenue aspect
| Tuesday, November 18, 2008 - 08:35 pm |
Anthony, what's your country? I'd like to see how you get on with that
| Thursday, November 20, 2008 - 04:32 am |
If you have a CEO controlled public corporation in your country, your country gets the "production tax" (country resources?) as you guys call it? Pretty sure about this?
What's the difference between having your country controlling a truly public corporation and your CEO doing it?
| Thursday, November 20, 2008 - 08:29 am |
I've worked out about the value on the country controlled corps,it's working fine now thanks any way.