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boards.ie ... quality doesn't come cheap

  • 25-09-2009 8:00am
    #1
    Hitchhiker's Guide to...
    Registered Users, Registered Users 2 Posts: 3,323 ✭✭✭


    Just read there that daft.ie had to write off €750,000 on their investment in boards.ie last year

    ... but we're worth it!

    If we'd known, we could have raised a glass of cheers to them last night :pac:


Comments

  • #2
    brummytom
    Registered Users, Registered Users 2 Posts: 10,572 ✭✭✭✭brummytom


    Oh come on, we're worth much more than that


  • #3
    Dyr
    Registered Users, Registered Users 2 Posts: 23,246 ✭✭✭✭Dyr


    Thats why they're called daft


  • #4
    latenia
    Closed Accounts Posts: 1,997 ✭✭✭latenia


    That's a lot of scrilla for a bunch of nerds quoting the Simpsons and saying yore ma.


  • #5
    Kinetic^
    Closed Accounts Posts: 13,249 ✭✭✭✭Kinetic^


    Doesn't mean anything. They could've wrote it down to 0 tbh. If anything it has gone up in value with the increased media and commerical exposure that Boards.ie has received. It was probably a decision by the board to drop it's value so that they could say that there was no money for any increase in wages or to justify previous decrease in wages. That is not an actual realised drop in value and they'll pay tax on the original profit (after other adjustments).

    Tl:dr....it's a big pile of PR bullshit.


  • #6
    Hitchhiker's Guide to...
    Registered Users, Registered Users 2 Posts: 3,323 ✭✭✭Hitchhiker's Guide to...


    Kinetic^ wrote: »
    Doesn't mean anything. They could've wrote it down to 0 tbh. If anything it has gone up in value with the increased media and commerical exposure that Boards.ie has received. It was probably a decision by the board to drop it's value so that they could say that there was no money for any increase in wages or to justify previous decrease in wages. That is not an actual realised drop in value and they'll pay tax on the original profit (after other adjustments).

    Tl:dr....it's a big pile of PR bullshit.

    It's a big pile of audited bull? There may be laws that prevent just randomly making up stuff like that (speaking with accounting hat on!)


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  • #7
    TheZohanS
    Closed Accounts Posts: 11,582 ✭✭✭✭TheZohanS


    Hitchhiker's Guide to... wrote: »
    It's a big pile of audited bull? There may be laws that prevent just randomly making up stuff like that (speaking with accounting hat on!)

    The only way they would have to declare an exact figure would be if someone was to buy their share in boards. A writedown such as this is not uncommon just as over estimating the value of property was not uncommon during the boom.

    It's very hard to put a value on an intangible asset like boards.ie.


  • #8
    dr.bollocko
    Moderators, Music Moderators Posts: 35,945 Mod ✭✭✭✭dr.bollocko


    TheZohan wrote: »
    The only way they would have to declare an exact figure would be if someone was to buy their share in boards. A writedown such as this is not uncommon just as over estimating the value of property was not uncommon during the boom.

    It's very hard to put a value on an intangible asset like boards.ie.

    Give ya a fiver for it.


  • #9
    Wazdakka
    Registered Users, Registered Users 2 Posts: 4,467 ✭✭✭Wazdakka


    TheZohan wrote: »
    It's very hard to put a value on an intangible asset like boards.ie.

    Not really..

    Boards.ie Ltd makes a profit (not much of one from what I hear tbh) and a yearly tax return..

    Now I'm no fancy accountant or nething..
    But I'd say that there's your value.


  • #10
    AnonoBoy
    Closed Accounts Posts: 22,559 ✭✭✭✭AnonoBoy


    • Can you put a price on freedom?
    • Can you put a price on family?
    • Can you put a price on community?
    • Can you put a price on endless references to obscure games consoles that nobody ever owned?
    • Can you put a price on thanks whoring?
    • Can you put a price on dossing off work?


    Yes.

    14.95 or thereabouts I'd say


  • #11
    ejmaztec
    Registered Users, Registered Users 2 Posts: 24,231 ✭✭✭✭ejmaztec


    Wazdakka wrote: »
    Not really..

    Boards.ie Ltd makes a profit (not much of one from what I hear tbh) and a yearly tax return..

    Now I'm no fancy accountant or nething..
    But I'd say that there's your value.

    It's like trying to put a value on your imaginary friend, a figure that increases each time that he agrees with you.


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  • #12
    Wazdakka
    Registered Users, Registered Users 2 Posts: 4,467 ✭✭✭Wazdakka


    AnonoBoy wrote: »
    • Can you put a price on freedom?
    YES!!
    Freedom cost's a buck O' five
    AnonoBoy wrote: »
    • Can you put a price on endless references to obscure games consoles that nobody ever owned?
    I still play with my Jaguar daily*..
    AnonoBoy wrote: »
    • Can you put a price on thanks whoring?
    Whoring ALWAYS has a price..
    AnonoBoy wrote: »
    • Can you put a price on dossing off work?
    Oh yea..
    Rubbing your job in all those recession victim, unemployed, keyboard warriors faces eh??
    :p




    **Jaguar might be my pet name for my penis


  • #13
    TheZohanS
    Closed Accounts Posts: 11,582 ✭✭✭✭TheZohanS


    Wazdakka wrote: »
    Not really..

    Boards.ie Ltd makes a profit (not much of one from what I hear tbh) and a yearly tax return..

    Now I'm no fancy accountant or nething..
    But I'd say that there's your value.

    I can't fault your reasoning.

    You're hired.


  • #14
    Capt'n Midnight
    Moderators, Recreation & Hobbies Moderators, Science, Health & Environment Moderators, Technology & Internet Moderators Posts: 93,596 Mod ✭✭✭✭Capt'n Midnight


    They could easily become a €100 billion company.


  • #15
    stepbar
    Closed Accounts Posts: 6,123 ✭✭✭stepbar


    The fact they valued a minority stake in Boards.ie Ltd at a million quid in the first place really says a lot about the entrepreneurial prowess of the Fallon brothers and their advisors :rolleyes:


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