The type of work that we’re doing we work in Indonesia and the Solomon Islands and Papua New Guinea that are all part of this region that’s been identified as scientists as what we’re calling the Coral Triangle there if you look at the map it’s really kind of a big blob and basically it’s center for coral diversity has the most species of corals found anywhere in the world and what.
We’ve been doing is working with governments in that region so that include the Philippines to come up with a multi-nation plan for addressing basically marine conservation in that region and its called the Coral Triangle initiative for future food security and marine Property Valuations Sydney conservation and Think that title alone shows you how important ecosystem services are because the reason these governments are involved is is that they care about the people who rely on these resources they care about people their subsistence.
Farmers fishermen so their parts of the economy that matter but also people who rely on us who have nothing else to turn to and I i think i think that the conservancy has been effective in these areas because we work with these governments with these communities and we try to address this looking it the lens of what their needs are and being supportive I mean we learned technical expertise that maybe they don’t have we learned resources and experiences from other places that maybe they wouldn’t have access to so in that respect I think that we can be very effective and in some ways it’s easier to work in a non governmental organization because you don’t have as many of the formal protocol that you would have you know government.
Hand Solar City and the others are used these numbers in the evaluation toucan outsource your biggest input in a discounted cash flow valuation the biggest input in a discarded casual evaluation is not the discounted cash flows and the fact that they coming from Goldman sates equity research on the part of Tesla and solar city itself suggests to me that these cash flows are bias judgments so you’re starting off with raw numbers that are not believable and the hi jinks in the terminal value.
I mean I’ve talked about the leaves are problem but six to eight percent growth in perpetuity you think it’s difference of opinion if us to my twenty Property Valuations Melbourne percent revenue growth for the next five years and I assume five that’s a difference of opinion if you assume axis to eight percent growth rate in perpetuity in an economy where the risk-free rate is one-and-a-half percent inflation is close to zero and real growth is one percent one-and-a-half percent that’s not a difference of opinion that’s not since.
it’s impossibles what’s the verdict well as i said I’m going about judgment i find guilty a blizzard guilty of laziness absolutely shameless plugging in discount rate into somebody spreadsheets and calling it evaluation and signing off on it just plain lazy and getting paid to million-plus his outlandish it doesn’t make any sense tome ever course evaluations have all the laziness in the lizard valuations plus awhile lot of incompetent you see bad assumptions pylon impossible it in these evaluations that suggests to me that the bankers involved in the Attic evaluations either have forgotten basic valuation of the just don’t care Goldman is a mystery and the unstated investment bank the only time it show sup in these.
key point been the other thing to think about too is of all the cities that have had some that doubled only over was the capital all the capital city that hasn’t yeah but every other city did so what you can glean from some of this data is a couple things one visit’s just don’t don’t blindly rely inputting your name on a title is the only thing you need to do and secondly if some of these if some of these suburbs of some of these cities.
Who haven’t had lot of doubling Property valuation Perth suburbs in the last ten years it could be opportunity because we know that in every city that are the the principles that we talked tun this podcast principles we talked about in support can be overlaid in any city yeah so you could use that as counter-cyclical argument to go and find the gems in some of the other cities which kind of goes on a bit from what we were talking about last week.
I think it leads also into the story around like unit you know no disrespect to our toes when you’re trapped as Wee jun friends soot sort of but it’s a regional it’s writ original see let’s be honest likest you know there are bigger regional cities on the mainland and compared to what you see there which is a good sex good because you bi depart you’ve offended everyone else except you had an-offender know about people so that’s gonna be so today I’m holding off on that just a moment but yet look.
percent compounding return over that time period but there are others that we know in our data in our research that have done in excess of ten percent double-digit so it does reinforce that just because not every property price tuples like that we go back to the main point is that there.
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