Inland Railway would increase cooperation with industry
08:42 | 14-10-13
GÄLLIVARE On Friday rolled Inland Line train to Gällivare station to invite to the workshops. Inspiration train would create new opportunities for the train and increase collaboration with industry. The goal inspired the train is to work with the towns to create a sustainable development and competitiveness of the Inland Railway. Inside the train was creative workshops where new ideas and opportunities for development highlighted in lively discussions.
- The objective of our development is to take advantage of the resources available in the form of our ownership of municipalities and businesses in towns. Inland Railway has a good future in view of the rest of the network is overloaded and has major maintenance needs. Inland Railway would be a thrust for the development of the Inland region, says Otto Nilsson, President of the Continental Line.
Inland Railway has 18000 trips from June to August. In the future, we expand both passenger and commercial traffic on the course. An important goal is to expand cooperation with the industry and increase the amount of freight. The train goes from Mora to Gällivare. The state owns the Inland Railway and contributing SEK 129 million in operations and maintenance.
Britt Hafedh at Gällivare Tourist Center and Nina Eriksson Enterprises company has new ideas. They want to get in once more activities earlier in the season, even when the Inland Line tourist season begins June 2 and they want more business on the track.
Expandums CEO Kjell-Åke Johansson believes that the Inland line can be significant for the industry.
- Inland line means already a lot of Gällivare, especially for the tourism industry, but I think we can get the industry and the needs of industry in the Inland Line strategy. I am sure that the Inland line can mean further and eventually maybe we can get a renovation of the Continental Line, thanks to the industry will have a need for this route. I want to look at how we can control over goods which today goes by the Ore Line and the main line to the Inland line, he says.
Gun-Marie Töyrä, sales and marketing, in the Continental Line, says the Inland line with 110-mile railway has incredible potential.
- Inland line can be developed. It has been great fun and rewarding to be out in the municipalities. Intensive discussions have provided a good basis for our future planning, says Gun-Marie Töyrä, sales and marketing manager.
China's imports of iron ore amounted to approximately 84.69 million tonnes in September. Compared with the previous month, this meant an increase of approximately 13.1 percent. It shows statistics of the Chinese Customs Authority. (SIX News).
Regardless of any other aspect it must be hard to be a senior manager wanting to proceed with the business plan but being prevented by silly politicians who respond to sentiment rather than economic logic and greenie whingeing no matter how you try to placate them. We can have patience but if I was them would I bother or move on ? They need an incentive for continuity.
Interesting post Goy. Most valid point. I guess though, (hypothetical company) it all comes down to the market. Where exactly the company values an individual for what he brings to the position of non-executive director within that company, and where the individual values himself within that market. An appointment should be a marriage of minds with a single objective for both: to maximise company potential, resulting in a higher company value thus SP. Where the individual can demonstrate that he/she has negotiated well for themselves, it would not therefore, be unreasonable for all concerned to expect a similar performance within and for that company once appointed. atb
Sorry, don't like options to non-executive directors.
The non-execs are there to contain the excesses of management and thus indirectly protect the interests of the shareholders. Such awards can sedate their advocacy.
Consider this for a hypothetical company. This company has a choice to pay out dividends or retain earnings. The paying of dividends is money returned to the owners., It can reduce the MC (and thus SP) by the amount of the payout When a company retains earnings the MC (and thus SP) is NOT reduced by the paying of dividends and thus is proportionately greater (in theory) A greater MC and thus SP means that options have a greater value.
So, if a director with options has a choice then he may vote to retain earnings(and not pay dividends) thus bolster the value of his options by increasing the MC (and SP)
For a non-exec indirectly charged with protecting shareholders this might provoke a conflict of interest
The above is an oversimplification and the retention of earnings, if there is a high ROCE might be the best idea, but hey, why should I let that get in the way of my prejudice ;)
Thinking, and my optimism gene kicking in.........these options are remuneration, reward, incentive; so after the year period, 4p has got to look like a really good deal, practically free.... and we hope to have the new directors for the next five years (I imagine we do) if we are on course to become a producer. All assuming we get the nod....then its not so bad. ;-)
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.