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Your daughter is correct in the sense that a share entitles the shareholder to a share of the future profits (earnings) of the business; in proportion to the ownership of the company that represents. It also entitles the shareholder to the same proportion of proceeds available to shareholders in the case of liquidation - which is usually not much once the ATO, secured, and unsecured cr4editors are paid. Therefore, the share price is a function of the market valuation of the company against the representation of a) the ownership it conveys of the company; b) any special rights or constraints of the class of share (e.g. preferential shares generally give you a right to profits before ordinary shareholders, but as a preferential shareholder you will normally forfeit voting rights); and the future earnings (profit) expectation of the company. One qualification to the right to profits - it is only the rights to distributed profits (dividend). If the executive management of the company decide to reinvest every penny of the profit and do not distribute a dividend, then the shareholders are not entitled to any of the reinvestment or withheld profit. There are companies listed on share exchanges that are non-dividend shares... This is normally in US markets and a far number of them are on Nasdaq. These derive their value from the "intrinsic" value of the business as adjudged by investors, but there is no dividend payable. The price is usually lower on a price/earnings ratio basis versus dividend shares as there is no income returned (which, to me, makes them worthless as anything other than a speculation share rather than a genuine investment share).

The term "artificial intelligence" was formally coined in 1955 by American computer scientist John McCarthy. He used it for a 1956 academic conference at Dartmouth College. The phrase combines two Latin roots: artificialis (made by human skill) and intelligentia (understanding or comprehension).

Ultimately the need for hemp was diminished by the introduction of steam power and later oil and nuclear to propel ships. It is interesting that the commercial cultivation of hemp is being revived as a renewable source of fibre for products ranging from clothing to bulding materials, foodstuffs and many other things. With proper processing hemp can be like the farmer's pig from which every part is used except the grunt. There are several species of hemp, some of which produce theTHC that is the narcotic. I haven't found out which species is the non-THC producer that is grown for fibre etc. The plan to develop hemp production in thenew colony wasn't mentioned, and continues not to be mentioned in history classes is due to the maintenance of the "crowded hulks" myth. No Nev. The use of rum as a currency ended in 1808 when Macquarie became Govenor. I imagine that the need for the colony to produce food for its people took a higher priority for some time. It looks like it ws not until nearly forty years later that the colony was established enough to look at hemp as a suitable product to grow. Britain still ruled the waves up until WWI, and don't forget that Britain's mercantile marine has always had heaps more ships than the Navy and in the 19th Century, even up to the early 20th Century sail ruled.

My daughter who is a CPA sort of explaine stocks to me. She said that a person buys a share with the expectation that the company will make a profit of some amount and each share entitles the holder to a portion of that profit - the dividend. The share itself represents an amount of money. The amount of money each share is worth depends on how much someone who wants to buy it is willing to pay for it. The size of the dividend depends on the amount of profit the company makes from providing its product or service. no product is sold, or a service is not taken up, then there is no profit. I recall an old business saying, "No one makes any money until something is sold". It seems to me that some of Musk's businesses don't sell much.

That was the local economy. But coinidentally, The Old Empire was losing its ability to 'rule the waves', at about that time.

It has always been rare that a brand new venture has come fresh to the stock markets (which is really a share market, as stocks include all cash instruments - debts, futures, etc.. Another American misappropriation of the English language). When they do, they normally go the the "second" boards. The ASX no longer has one as these are less regulated boards and they are literally for investors who can throw whatever investment they have down the drain. Often dubbed penny stocks, you can make a lot of money or lose everything. The London Stock Exchanges operates AIM, but it is subject to tighter rules than most secondary boards, and hence it is more for companies seeking earlier cash than would float on a main board. I am not an equities analyst, but I would suggest that Tesla's stock price is reducing thanks to lower earnings forecasts thanks to robust competition in the EV market and probably the electricity storage market. Their first mover advantage is probably waning. The SpaceX loss may be temporary or permanent - who knows. As I understand (and I just skimmed one news article, so take it on that basis), shortly after the listing SpeceX issued a sizeable chunk of bonds, which is debt. Firstly, it changes the capital structure of the firm and puts the debt holders in front of the shareholders if the company goes belly up.. and of course introduces fixed costs into the business in interest payments. Secondly, as I recall, the planned bond issue was not in the prospectus, so it caught share investors off guard and as large bond holdings effectively dilute shareholder claims to the assets, it further reduced the price. The second point is interesting. I would not be surprised if some of the larger initial investors or early on after listing purchasers of the shares have consulted their legal advisers. Planning a bond issue takes some time as it has to go through all sorts of hoops legally, sounding investors, roadshows, and the like. It wold hardly be something that wasn't in the planning before the IPO. If they could prove on the balance of probability it was in the planning or discussed at board or risk committees pre IPO, then that would amount to a fraudulent omission of the IPO prospectus and could land a lot of people in hot water.. including the bookrunning banks should they have known but not disclosed. This may be a case of watch this space. In terms of the share price, it could rebound based on investor sentiment of longer term earnings.

That sounds Incredribble. Nev

It ran on RUM instead. . NSW. Nev

What happened to those original hemp attempts? I don't remember any mention of it when we were at school And I don't know what invoked 'Underscore'.

They were right about that bit....... sort of.

Here's a bit about Musk's wealth. What I found more interesting is the comment relation to stock and the stock market.

A: abbreviation of artificial intelligence. Earlier in 20c. it stood for artificial insemination (pregnancy without pleasure).

Just to clear up the terminology. "Tariff": A tariff is a tax applied by a government to goods brought in from other countries. Key purposes include raising government money, protecting local businesses from foreign competition, and acting as a tool in political trade talks. Other names for the same thing are "import tax" and "custom duty". Most countries employed tariffs, but it seems that in recent years global free trade arrangements and globalisation of manufacturing have reduced their importance to individual countries, unless as a political weapon as we have seen with the USA. "Export duty": An export duty is a tax charged by a government on goods leaving a country.

So, you expect me to believe that Trumpy didn't invent tariff wars? Or that tariffs might have long term problen for the world? Shocked, I am. Shocked!

Yeah, but.... Sure, it's Artificial. But not Intelligence. I have met people like that. They would never achieve Grande Mastere though.

A little update on this topic from some further research. I said that one reason for the colony was to provide a base from which to establish on Norfolk Island for access to those tall pines for masts and the flax for sail canvas. Wood and fabric were not the constraints on both the naval and mercantile fleets of Britain. It was the amount of rope needed to operate the sails. A Man-o-War could require 80 tons (yes old measure) of rope in its rigging. Britain was getting most of this from Russia, but in the early 1780s, Catherine the Great of Russia began limiting trade in hemp with Britain. At this time Russia was starting to expand its territory and Britain was an obvious competitor. When plans were being made to establish a presence in Australia, the growing of hemp for rope-making was high on the agenda. Sir Joseph Banks supported this plan and supplied hemp seed as part of the agricultural supplies sent with the Fleet. Hemp was most likely planted by settlers William and Archibald Bell in 1823. The hemp cultivation was part of Australia's early colonial economy, as Cannabis sativa seeds first arrived in Australia in 1788 on the First Fleet at the request of Sir Joseph Banks, with the British envisioning Australia as a commercial hemp-producing colony.

It's the Long standing people that have gone. Nev

Nothing wrong with that. Understood it perfectly. I am sure it was written by my brother

That's a worry given that newcomers seem to be keeping well away.

Needs explaining to me.edit OK just took a while.

Speaking of newcomers, has anyone heard from some of our long timers who have been a bit quiet, spacey hasn’t reappeared for a long time, OT has been a while since being about.

Probably Be an absolute BEAST to ride. I've found most trikes like that are "B" Dangerous, They tip easily and you run over your Foot. Best with an extremely Low centre of gravity, like Billy Connelley's . Nev

The correct answer is" By Ambulance" OR the Question changed to"Why am I Here?" It Needs to be Logical. How would the Nurse KNOW what the wife asked (Unless she is Enola Holmes? ) Nev

Why don't you actually examine how WE AUSTRALIA are going wille, compared to most other Countries The others are self destructing. The NATS finished off the Libs by blackmailing them and then Taylor made it worse by undermining Ley. There's hardly any Women Left in their show. They were going to Move on Bridget Archer for crossing the floor and now she's gone to the state in Tassie.. WE got Fuel when it looked impossible. Storage alone is not a real great Idea It imposes cost and risks. I think we should have considered going a bit back to Autogas which we have Plenty of and therefore eases Our balance of Payments situation and supply security. Converted diesel Generators can run on it for remote areas and standby. We are in rapidly changing unpredictable times. Nev