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  1. #71
    meriwether meriwether is offline

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    Quote Originally Posted by revereie View Post
    One second!Companies availing of grants typically have to pay them back if the company is sold to anyone, whatever nationality, within a certain timeframe - if I recall correctly - 10 years.

    And the state often takes equity stakes in firms it invests in via EI, etc.

    A stake that would be realised upon......sale.

    But listen, stop with your facts, we're having a gay old time here ************************eing on about the state and investments, and losing money, and not one of us has a fakking clue how any of this works, but sure aren't we happy in our idiocy?

    We're angry about something, and thats a good thing.
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  2. #72
    meriwether meriwether is offline

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    Quote Originally Posted by Phil Maker View Post
    ? are you suggesting that I invest in Ireland?

    if you are, I have, significantly.
    What sort of investments?

    How do you intend to realise them?
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  3. #73
    Davidoff Davidoff is offline

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    Another worthless press release being passed off as news.

    The firm employs 5 people. FIVE. The deli counter in my local Centra has more staff than that.

    The 'sale' price is undisclosed, presumably because, if any money at all is changing hands, it wouldn't be enough to pay for a secondhand chip van.

    Is it any wonder no one buys newspapers any more.

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  4. #74
    Spanner Island Spanner Island is offline
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    Quote Originally Posted by meriwether View Post
    And the state often takes equity stakes in firms it invests in via EI, etc.

    A stake that would be realised upon......sale.
    Why not always?

    But listen, stop with your facts, we're having a gay old time here ************************eing on about the state and investments, and losing money, and not one of us has a fakking clue how any of this works, but sure aren't we happy in our idiocy?

    We're angry about something, and thats a good thing.
    Absolutely...

    Sure isn't that what this place is for?
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  5. #75
    Spanner Island Spanner Island is offline
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    Quote Originally Posted by Davidoff View Post
    Another worthless press release being passed off as news.

    The firm employs 5 people. FIVE. The deli counter in my local Centra has more staff than that.

    The 'sale' price is undisclosed, presumably because, if any money at all is changing hands, it wouldn't be enough to pay for a secondhand chip van.

    Is it any wonder no one buys newspapers any more.

    You're probably right...

    I didn't intend to limit this thread to Cully & Sully though.

    For whatever reason they became poster boys for successful indigenous business. Of course the coverage and hype they received could very well have been because of who they knew as opposed how successful they were.

    It's what they came to represent (rightly or wrongly) that's the issue.

    I was trying to highlight the general trend that sees indigenous companies that become in any way successful hoovered up by multinationals.

    That trend isn't going to do this country any favours if it continues.
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  6. #76
    meriwether meriwether is offline

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    Quote Originally Posted by Spanner Island View Post
    Why not always?
    Depends on the type of investment.
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  7. #77
    Spanner Island Spanner Island is offline
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    Quote Originally Posted by meriwether View Post
    Depends on the type of investment.
    I think that should be rethought with equity being part of any investment.

    Of course not all companies will be successful or survive, but we do have more entrepreneurs than other countries and we seem to have expertise in food, pharma and IT etc., all of which could provide significant returns in the years ahead.
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  8. #78
    floatingvote floatingvote is offline

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    I have no problem with the lads selling up, I do worry about the people on here praising the products in terms of taste - seriously folks their products are really well branded and marketed, but the content doesn't live up to the hype at all. I buy them when they're in the reduced to clear section to feed to my toddlers, I certainly wouldn't waste the calories on that for my dinner though!!
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  9. #79
    Phil Maker Phil Maker is offline

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    Quote Originally Posted by Phil Maker View Post
    bad

    another sell out

    typical Irish stunt, same as Cooley

    I will buy their stuff no more
    Cully & Sully shifts soup-making to UK - The Irish Times - Fri, Sep 28, 2012

    confirmed, a bad move for manufacturing in Ireland

    Hope EI et al are looking for their funding back

    Colum O’Sullivan, aka Sully, confirmed to me this week that its soups are being manufactured in Britain at a facility owned by US-based Hain Celestial Group, which acquired the Irish food company earlier this year. The soups were being produced here by Glanbia.
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  10. #80
    Equinox Equinox is offline

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    Quote Originally Posted by Phil Maker View Post
    Cully & Sully shifts soup-making to UK - The Irish Times - Fri, Sep 28, 2012

    confirmed, a bad move for manufacturing in Ireland

    Hope EI et al are looking for their funding back
    Sad but not unexpected news.

    This phenomenon was the subject of a recent business conference in Dublin.

    There are fairly good supports in Ireland it seems at both extremes of the business world. There are lots of avenues for startups to explore when seeking help getting off the ground just are there are lots of bodies focused on facilitating multinational to operate here, what we lack however are supports designed to facilitate small to medium indigenous enterprises in taking the next step in expanding their businesses.
    We really need to develop a strategy around this 'big leap' stage in the same way that we have for startups and multinationals if we are to have any hope of driving business an innovation in this country.
    Last edited by Equinox; 1st October 2012 at 03:39 PM.
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