Author Topic: Dave's new lab  (Read 14132 times)

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Offline MarvinTheMartian

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Re: Dave's new lab
« Reply #25 on: March 28, 2016, 11:37:19 am »
I don't expect much interesting stuff in their dumpster.

If he's leased the whole building, how is he going to get his dumpster fix? |O

Raid the dumpsters next door?
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Offline Brumby

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Re: Dave's new lab
« Reply #26 on: March 28, 2016, 11:39:55 am »
(Shhhhhh....)
 

Offline PTR_1275

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Re: Dave's new lab
« Reply #27 on: March 28, 2016, 11:43:09 am »
http://commercialpropertysearch.savills.com.au/searchdetailplainnew2.aspx?id=154698&jt=For%20Lease&com=False&ret=False&ind=False&lan=False&addr=3%20Minna%20Close%20Belrose%20NSW%202085

This ad is showing $230/square meter plus gst per annum, then $44.90/square meter for outgoings (I'm assuming water rates and council rates etc..) the building is 4000 square meters, this takes it to over a mil per year for the whole building.

It is quite a nice building though.

Now, if Dave did take over the whole building, he can only dumpster dive the stuff he throws out. Imagine how many work benches would be needed to deck it out properly.

My thoughts are it is an early April fools joke. This would be a lot more travel time for Dave and the costs are astronomical. If however it isn't a joke, I would love to see the buildup of the new lab :)
 

Offline MarvinTheMartian

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Re: Dave's new lab
« Reply #28 on: March 28, 2016, 12:05:33 pm »
...this takes it to over a mil per year for the whole building.

Wow, that's some serious money! :palm:

Quote
Now, if Dave did take over the whole building, he can only dumpster dive the stuff he throws out.

Maybe we can turn the tables and we dumpster-dive his dumpster (after all you know what sort of used gear you find in his dumpster!)  ;D
Reviving my old hobby after retiring! Know so little...only one thing to do...watch Dave's videos and keep reading the forum! ;-)
 

Offline EEVblog

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Re: Dave's new lab
« Reply #29 on: March 28, 2016, 07:22:46 pm »
It's going to be a biatch of a drive for Dave.

I did that drive for 4 years.
 

Offline EEVblog

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Re: Dave's new lab
« Reply #30 on: March 28, 2016, 07:24:35 pm »
It's Altium, not Agilent.
I don't expect much interesting stuff in their dumpster.

Just several thousand unsold Nanoboards  :-DD
 

Offline SeanB

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Re: Dave's new lab
« Reply #31 on: March 28, 2016, 07:45:40 pm »
Dave's drive to his current work is a 15 minute walk in a park, and similar on the way back. If he is in a hurry it is 5 minutes. Think that might be a deal killer unless he gets the 99 year lease at the initial rate for the building. Then he simply will move lock stock and bunker to there. Living in as extra security, or to have that night shift as dumpster quality controller in the area.
 

Offline nctnico

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Re: Dave's new lab
« Reply #32 on: March 29, 2016, 01:15:45 am »
It's going to be a biatch of a drive for Dave.
I did that drive for 4 years.
I guess you used to work in that building? No fear of bad spirits lingering around because Altium (IIRC) laid you off?
There are small lies, big lies and then there is what is on the screen of your oscilloscope.
 

Offline ez24

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Re: Dave's new lab
« Reply #33 on: March 29, 2016, 12:40:50 pm »
FYI  The move is this Friday
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Offline MarvinTheMartian

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Re: Dave's new lab
« Reply #34 on: March 29, 2016, 01:18:53 pm »
FYI  The move is this Friday
Just as well I didn't rock over today (Tues) as noted on Twitter!  ::)   :box:
Reviving my old hobby after retiring! Know so little...only one thing to do...watch Dave's videos and keep reading the forum! ;-)
 

Offline nidlaX

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Re: Dave's new lab
« Reply #35 on: March 29, 2016, 01:26:58 pm »
Knowing Dave, he spent 30 seconds inspecting the inside of the building, and 30 minutes inspecting Agilent's dumpster out the back.
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Offline Fsck

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Re: Dave's new lab
« Reply #36 on: March 29, 2016, 01:58:12 pm »
Knowing Dave, he spent 30 seconds inspecting the inside of the building, and 30 minutes inspecting Agilent's dumpster out the back.
ITS KEYSIGHT PEOPLE! KEYSIGHT!
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just call them HPAK. it'll be an ever evolving name.
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Offline EEVblog

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Re: Dave's new lab
« Reply #37 on: March 29, 2016, 02:16:54 pm »
I guess you used to work in that building? No fear of bad spirits lingering around because Altium (IIRC) laid you off?

I worked in that building for just over 3 years (9 months in the old building at Frenchs Forest).
I was happy as Larry when they laid me off. Only thing that pissed me off (with hindsight) was that I wasn't smart enough to use my retrenchment money and buy Altium shares at 10-15 cents. I'd be sitting on close to $1M now  :palm:
 

Offline Brumby

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Re: Dave's new lab
« Reply #38 on: March 30, 2016, 12:13:39 pm »
Interesting share price history....

... and not the kind that would suggest a positive future, if you were looking at the position of 4 years ago or earlier.
« Last Edit: March 30, 2016, 12:17:02 pm by Brumby »
 

Offline EEVblog

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Re: Dave's new lab
« Reply #39 on: March 30, 2016, 12:30:38 pm »
Quote
I worked in that building for just over 3 years (9 months in the old building at Frenchs Forest).
I was happy as Larry when they laid me off. Only thing that pissed me off (with hindsight) was that I wasn't smart enough to use my retrenchment money and buy Altium shares at 10-15 cents. I'd be sitting on close to $1M now  :palm:

But knowing what you knew then would it have been a sensible idea? They weren't laying people off because business was thriving. You were smart to not buy shares in fact.
Apart from a change of management what did they ever do that was smart? Not much from judging from past comments you've made.
You have probably followed the share price more closely than me (ie not at all) so what did they do that would explain the change in fortunes?

Correct, it did not look promising at the time with Nick Martin still at the helm. He drove the company into the ground financially with his stupid ideas.
BUT the company had zero debt (always has) and had enough cash in the bank almost equal to the worth of all the shares, i.e. the shares could not go any lower really, being at cash value, so it was either up, or bust.
Given $50m turnover or whatever it was, and it's always loyal user base, the odds of then actually going bust was quite low.
But it did look like they would stay at that price forever, as they had for many years, because Martin did not care about profitability of the company.
I also knew the move to china and losing half the staff would cut back on costs, making the numbers more attractive, but that alone wouldn't have raised the price by a huge amount.
But you are right, the change of management was the golden ticket I didn't see coming. Martin had ruled the company with a iron first for it's entire life, but he didn't count on his buddy Aram from Morfik who he saved from oblivion actually turning on him in a coup with the board. Ironically the 15% of Altium Martin gave to Aram when he bought Morfik gave him the votes needed to side with the board and boot Martin out. (Aram already had a lot of shares being a former early Protel guy)
It was one of the best corporate plays of all time by Aram :clap: and the dumbest move ever by Martin  :-DD

The rest is history. The board started to run Altium like a real profit focussed company, and once they started paying a dividend again, bam, there it went, 10 cents to $5 in 3-4 years.
 

Offline StuUK

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Re: Dave's new lab
« Reply #40 on: March 30, 2016, 06:51:14 pm »
Yep, all hindsight... don't beat yourself up too much!
 

Offline EEVblog

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Re: Dave's new lab
« Reply #41 on: March 30, 2016, 08:41:53 pm »
Yep, all hindsight... don't beat yourself up too much!

Only to the tune of a million dollar!
 

Offline zapta

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Re: Dave's new lab
« Reply #42 on: March 30, 2016, 10:54:30 pm »
Only to the tune of a million dollar!

A million dollar is not what it used to be.
Drain the swamp.
 


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