The Chinese went back right and they build their own tab and I just go instantly ran into someone yesterday who knows one of the developers one of the legions of developers that Tenzin higher they actually developers behind.
This app called we chat and it crossed a million users so I guess both sides are happy in this case but they you know this thing about the cost factor when you evaluate a piece of software right that’s why the Tencent guys when you know we can put this many body behind it you cannot agree at a price so there’s quite interesting but the basic question is you know is the software while.
leaving you guys behind in how fast you’re moving you can always share my brain clicking epic is there a lot of interesting components to that look I think a lot of www.valuationsnsw.com.au clot of very successful businesses and some of that kind newer businesses that have developed rapidly there’s a very interesting link between the different categories intangible assets they’ve got so you might look at.
them and see although they valued at billion or some huge figure and they’ve hardly got any tangible assets and you’re seeing what the rest now those links can be very close so yes often there is a kind of software platform or something that’s real foundation accent assets of the business but at the same time then you get the network effect you know its that number of users and that kind of has a huge impact on the value and you can also kind of get
the state or whatever and they come and say right so we want to buy an apartment in a city because our kids need it to live there because the Gandhi university you know might have some farmers can you know sort of talking about buying something Melbourne because the kids going to Melbourne Uni for example so right ok so do you know what you.
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Want to our just something close to the University now that sort of makes sense and there might be some good buying opportunity small blocks you know boutique that type of thing high land to asset ratios all tax but most of them tend to just go or just buy that new one and not put much thought into.
it because they’re thinking that red and rent monies dead money and that’s one classic case the other one that jumps out of my head is around holiday homes that I’ve talked about this before where they’re basically saying on we love this spot down here we want to buy a holiday inn but.
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We want to rent it out at the same time and I ‘ve said to them look in that area there’snot a lot of scope for growth so why don’t we buy a quality asset in here because www.perthpropertyvaluations.net.au you’re only going to use it five or six times of the year until you get little bit older it’s build up a wealth base and then from that wealth base you can go and rent the waterfront property down therefor the six weeks that you want to send down their walls your investments doing better things as opposed to throwing money at.
a bad investment so I think the key point you just said there are five or six times that you’re going to use it because you think of it plugged when we going by boat to you it’s well classic we’re gonna use it for six weeks of the year and once we work at how much cost ichiya what we’ll just rent someone else’s next week Singh let them clean the barnacles off the boat during winter when you can’t be stuffedthere’s smart businesses.