We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Electric trams are certainly the answer on high capacity routes in towns and cities.
The other flexible option is green hydrogen powered Buses.
The tech has been fully developed to run buses using hydrogen powered fuel cells - the buses are identical to diesel buses - only the power systems are different.
It would be comparatively easy to add a hydrogen fuelling point at every bus depot in the UK and there is no reason why every route and school bus in the UK cannot be run on hydrogen within 10 years.
Let’s hope the increased logistics costs will motivate a full strategy change to local manufacturing of clothing, and many other products.
Buying from China used to be about saving lives by offering them more work and now they are the largest economy, they used wealth to educate themselves into producing more technical consumer products and landfill.
Chinese, Russian, NK leadership still have the worst leadership on the planet, wealth brought them destruction and death.
We in the west still have much to do on carbon reduction and carbon capture. We still haven’t returned electric trams to towns and cities and that’s got to be one of the most basic next steps 10/20 years ago!
We don’t vote for a measure of carbon reduction we vote for lower taxes. Prospective prime ministers and parties should be elected on meeting carbon reduction targets, and productivity.
The current energy shortages are mainly the result of a substantial slowdown of investment in oil and gas over the last 5 years.
Also development of renewables has been too slow to cover the shortfall.
We tend to get a distorted view of the development of renewables in the UK because our offshore wind program has been so successful, but Germany and China, for example, are still reliant on coal.
The pace of development towards renewables is increasing as the tech improves and after 2030 the situation should start to resolve itself if the development continues. But the oil and gas industry sees the current situation as a green light to increase investment and Governments are now encouraging this fast track development.
The real challenge now is to reset the agenda back to renewables, hopefully if the war in Ukraine ends this task will be easier but don't count on it.
Increasing supply of oil and gas increases consumption again as the price of oil and gas fall it also blocks the development of renewables.
So enduring high energy costs and redirecting capital investment into renewables, or at least cleaning up carbon fuel usage, is the only way forward - keep planting the trees Neil.
At the end of the day it is in Opec's interest to keep inflation down to stop a worldwide recession and turning the taps on would facilitate this, if there is a worldwide recession then oil will be back to 60 dollars pdq anyway so makes sense for them to act imo
dyor etc
Agreed Chilting, and yet that volume was there before Feb’19.
Opec obviously lost revenue and faced high storage costs due to slow demand and lower margins, they must surely have more than made up that lost ground.
Either way I hope the higher energy prices slow carbon emissions further and force forward the greener options.
Mks and other retailers must also manufacture closer to their home markets as a clear strategy and communicate it.
Bring on carbon labelling on all products!
Neil
just one word of caution - its far from clear that OPEC can provide sufficient extra capacity to supply demand, especially as US supply hasn't increased to pre Covid levels because of a reluctance to over commit.
Back in January the consensus was that supply and demand would balance by 2023 and supply would start to outpace demand but that was before Ukraine.
Covid and Russian war are geopolitical and narrow.
Fuel/food can change rapidly. Fuel a quarter of year and food 6-12 months.
Opec are already showing signs of understanding that it’s poor politics with Russia keeping supply short and governments bringing forward the environmental infrastructure is a threat to them. If they turn taps on to pre covid levels prices will fall rapidly.
Fair enough Neil.. retail isn't my forte so I'll just hope you are right as I have a far few shares in this now.
Mks is a completely different starting point to Walmart, and EPS will show a strong uplift.
FY22 profits before tax will be positive to forecast. Current trade is constant, however forward narrative needs to be carefully constructed, optimistic caution would be sensible with the unknown.
Make no mistake though about inflation-retailers love inflation!!! It can be very useful in a growth business.
Walmart just reported a 10% EPS miss.. margins are tight and costs high. X fingers for this one
Reading between the lines of these comments from Archie I think one can conclude that MKS have done very well of late and this will be reflected in the results next week
dyor etc
https://www.standard.co.uk/news/uk/food-price-increases-cost-living-marks-and-spencer-boss-archie-norman-b1000440.html
n1shares"This share is considerably undervalued currently.Results due next week .It was in the 230's in January.No profit warnings since then should jump by over a third next week"
I love your optimism however I think the results will be a little more muted than your expectations. Totally agree undervalued but you have to put that in context with what is going on in the world and uk inflation. I think (and that's as good as it gets) that the results will be by and large positive but a significant rise will be hampered by the obvious inclusion of a statement that says difficult times ahead with inflationary pressures. I would love you to be right, lets see.
This share is considerably undervalued currently.Results due next week .It was in the 230's in January.No profit warnings since then should jump by over a third next week