Good GOSH Man! De last few days have seen nuff M&A activity hitting close to home – Ambev or Ansa for Banks, a question of the lesser of two evils? – and it seems like we aint dun yet! With the M&A of Flow/[…]Columbus/CWC/LIME/ Whatever still fresh in our collective short term memories (remember we…
Good GOSH Man! De last few days have seen nuff M&A activity hitting close to home – Ambev or Ansa for Banks, a question of the lesser of two evils? – and it seems like we aint dun yet!
With the M&A of Flow/[…]Columbus/CWC/LIME/
Whatever still fresh in our collective short term memories (remember we Bajans forget easily) it now seems that CWC itself may be a take-over target for the Liberty Global group.
Read full article @Barbados Aboveground
what Arthur allowed was unconscionable and unreasonable knowing that greed would take a foothold and land prices would escalate shutting out the poor bajan from owing a small piece of the rock on prime real estate.
Sure nuff the inevitable happen these new land owners took charge of their new found wealth which they bought at pennies and in turn escalate the value of the land while riding on the back of govt approval which triggered a cascading effect to increased land prices
Yeah, yeah and blah, blah AC, and why did Fruendel not reverse the trend, they had enough time,, oh, I know, they are the CAN’T DO DLP, just ask Ralph Gonzales.
@ ac October 24, 2015 at 5:42 PM
“ what Arthur allowed was unconscionable and unreasonable knowing that greed would take a foothold and land prices would escalate shutting out the poor bajan from owing a small piece of the rock on prime real estate.”
You are just one piece of ignorant shit floating on an open sea of DLP stupidity.
What Arthur did what my donkey!
The Barbados Constitution gives private owners the RIGHT TO SELL THEIR PROPERTY.
Did Arthur sell any Crown lands on the West Coast. What you wanted the man to do? Compulsorily acquire all the privately owned lands on the West Coast and vest them in the Crown leaving Bajans unable import their foreign luxury goods and Japanese-made steel donkey carts?
The West Coast was being sold out from way back in the 60’s when the iconic Father of Independence was ruling the roost. Were people like Oliver Messel, Ronald Tree of Sandy Lane fame, Jack Teller and the guy who “developed” Sunset Crest (de la Foret or something like it) around when Arthur was in charge?
The West Coast was primarily swampy or rab land (of no agricultural value when Sugar was King) before “foreign money” made it into what it is today, the gold or platinum coast.
BTW, wasn’t the foetal-aborted Pickering Project a form of “shutting out the poor bajan from owing a small piece of the rock on prime real estate”?
Why can’t you shut your blasted chatterbox trap when ignorance is the only item on the menu?
Yeah the right to sell property does not void out a moral right for govt to protect its citizens from land grabbers
@ Colonel BuggyOctober 24, 2015 at 4:00 PM#
“Banks Breweries better hold on to its old equipment and property in Wildey, as that may well one day ,again become the only active brewery in Barbados.
BANKS!!!! Extract-ly”.
your tongue-in-cheek remark is a rather subtle way of telling Bajans to prepare for the day when the following phrases would be real old time sayings:
Care for a ‘Banks’? No thanks!
By the way what is a ‘Banks’, is that an old-fashioned money store?
You got it right there. The objective behind these so-called takeover bids is to do what has been done to real Bajan Rum (100% Bajan rum made from 100% IMPORTED Molasses).
That is to take control of all BHL distribution channels and then rebrand Banks beer with a brew called Stag or some other sexy name made from 100% imported finished but ‘cheaper’ product.
A replay of Super-Centre here we go (again).
But what’s the difference between a Bajan Beer and an Imported Stag other than two horns with balls, only CBC knows?
@ ac October 24, 2015 at 8:13 PM#
“Yeah the right to sell property does not void out a moral right for govt to protect its citizens from land grabbers”
You need to direct your moral proviso to Fumble as Bjerkham- in return for huge electoral campaign contributions- expects approval to turn a once-thriving farm producing Nature’s gifts for healthy living into another barren concrete jungle.
Like the many promises made to naïve fools (CLICO policyholders, BCC students, public sector workers and honest voters) you shall soon seen the P M’s words of not converting agricultural land to other commercial uses fall on deaf ears. A promise is a comfort to a fool. And, by Jove, there are too many in Bim by the name of Bushie’s Brass-Bowls.
The next entity in Barbados on the Bruggadung list is the Cement Plant. Laid off more workers this week.
Early days yet, but page 17 should be of interest
https://discoverflow.co/sites/discoverflow.co/files/pdfs/2015_Barbados_Annual_Report.pdf
@Hants October 23, 2015 at 8:27 PM #
The problem with foreign ownership is that the owners and shareholders interest is paramount.
Never mind the bullshit spin about “we are committed to the people of Barbados and the other scripted crap, decisions are made to maximize profits.
You are correct that the interest of the owners/shareholders is paramount in business – and that is as it should be in capitalist societies/economies. And that is so whether it be domestic or foreign ownership.
On the topic of scripted spin/crap, here is a real dandy from “Cahill in the Community” (not Q in the Community) at:
http://www.cahill-energy.com/why-barbados/cahill-in-the-community/
“What good is individual success in life, if at the end of the day you have not made a difference in the lives of others?”
Cahill Energy is planning to become an active participant in the effort to achieve energy and waste management independence in Barbados. We are also planning to contribute to the island community and as we build our plasma gasification plant we will also build your trust by contributing to the development of our new home.
This is commonly known as “Corporate Social Responsibility” and is defined as:
A company’s sense of responsibility towards the community and environment (both ecological and social) in which it operates. Companies express this citizenship (1) through their waste and pollution reduction processes, (2) by contributing educational and social programs, and (3) by earning adequate returns on the employed resources. This is also known as corporate citizenship. Building relationships with Barbados; we want to look a Barbados and see how best we can help make it a better place to live and work.
“Cahill has found that customers really want to know how you’re making the world a better place,” it can be based on socially based business philanthropy; consultants who helps entrepreneurs find causes they’re passionate about and incorporate their message into their business.”
So MECC, the socially responsible M&A expert CEO of Cahill, wants to help make Barbados a better place to live and work; and make a few bucks while she is at it.
@David, Bushie and Miller,
It is my strong belief that the purchase of BS&T was a leveraged buyout, and the sale of BHL is a means of financing the payments for its purchase.
ALL the lights on the ABC highway should be powered by Solar Panels and we would not have them going out. each one would be independent.
Oh my I feel old….LBO….been alotta years since I heard that. Typically LBO referred to highly leveraged deals, like 85%+ debt. The Massy Report for 2008 suggests it was likely about 60% debt. Recall they had a dual formula, and they show 493 million was funded by equity. Still Massy’s debt has risen (I didn’t bother to read exactly what the funds were applied to) so any piece of change will help reduce debt.
Tony Best nails it.
Like it or not, M&A is a fact of life
http://www.nationnews.com/nationnews/news/73480/headlines-behemoths-lilliputians-beverage-industry
“Mergers and acquisitions are a reality and Bajans wouldn’t be able to block that ship from sailing. Indeed, it has already set sail. Expressions of emotions about the selling of family silver are useful when it comes to reaching a national consensus on the way forward for the private sector but what really counts is ownership, the acquisition of equity in companies as companies strive to get off the ground or expand”.
The Canadians !!!!!!!
“on the verge of signing an agreement with another Canadian company, Deltro Electronic Incorporated, to provide power to a new utility company for 20 years in the first instance, and 80 years after that.”
http://www.nationnews.com/nationnews/news/73768/-beware-cahill#sthash.GYqQRlTF.dpuf
The company is Deltro Electric (not electronic) and is best known for being owned by the brother of now convicted former MP Dean Del Mastro. His conviction related to election campaign over-spending, and his subsequent attempts to hide them. The source of some funds having come via Deltro, reportedly via employees given money to donate as if personal donations (an old trick in Canada) The MP Del Mastro was once very closely tied to former PM Harper. Otherwise Deltro is a small player, who being obviously “well connected” managed to land a few high profile public contracts.
How so we get tangled with these less than reputable persons?
NorthernProwler
Well said.
Your moniker could be used to describe these less than reputable persons from the Great White North
Birds of a feather, flock together?
As a newbie, BU is the same. Almost any thread, regardless of where it began can be reduced to politics or the sociological history of the island. And the comments follow.
@DD.
Good point. Maybe I should change to NorthernObserver? My normal moniker is SuthernAccents, just to F-up all my American friends who believe south ends in the Fla keys and so I must be from Ga, Fla, bama etc
Oh how I wait for the greedy political class to meet their equally greedy foreign counterparts who are being sought by international law enforcement.
NorthernProwler
Yes I think NorthernObserver has a better ring to it.
Barbados can use all the observers it can get to keep and eye on the Northern Prowlers who seem to to be trying to pick the bones of Bim.
They are an embarrassment to those of us in the Great White North,
The Barbados government must be aware of GOOGLE and how it can be used to find information about people in far off lands.
@ NorthernProwler,
cousin not brother…..according to the National Post.
The way things stand Hants, I don’t believe they care to google these people, it does not work in their best interest to do so and they can always claim ignorance if any of their foreign counterparts are hauled off in handcuffs, what they don’t realize is, that in the real world, ignorance is not an excuse to commit crimes or conspire with criminals.
Why do you think I am praying so hard…lol
However, they will google the hell out of you, David and I to find out who we are in the hopse of finding ways to stop us from exposing their and their compadres’ crimes, even if they have to manufacture arrest warrants.
Hoyos’ article truly puts it in perspective.
@Atrue, you got your $6. Are you finally going to sell or r u waiting for another round! lol
@David, not trying to start any bassa-fight but is there a viable reason that the most insightful and detailed reporting on the BHL matter since the 2010 shareholders meeting has been done by Pat Hoyos…who just happens to be ‘white’?
Maybe there were articles by others and I only noticed his due to them being highlighted here but he has been laser light powerful with his analysis on this issue.
I’m just sitting here watching the wheels go round and round,
I really love to watch them roll,
… (JOHN LENNON)
There is a dearth of talent in the media and specifically in the financial arena. Whether Hoyos, a high brown has something to do with it?
Minister Sinckler, a lot of BHL money will soon be available – a good time to start your privatization program.
It seems that BHL is being driven to its true value DESPITE the determined efforts of its directors to let it be sold off cheaply… These things make a bushman go hmmmmmm!!
One wonders what BS&T, BNB and BL&P would have been valued at / sold for …if THEIR directors actually had balls and worked to maximise shareholder value. instead of in the buyers’ interests..?
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