The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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.
https://www.ofgem.gov.uk/information-consumers/energy-advice-households/switching-energy-tariff-or-supplier
Lewis has been caught out before pushing an agenda under the guise of a consumer rights champion when he is actually a leftie campaigner with an 'act'.
You also engage in classic misdirection referring to the standard VARIABLE rate. I haven't mentioned SVR at all. I am talking about the 'default' standard rate,
"The energy price cap is backstop protection from the government, calculated by Ofgem.
It applies if you’re on a default energy tariff, whether you pay by direct debit, standard credit or a prepayment meter.
If your supplier has stopped trading and you are switched to a new supplier you are likely on a price capped tariff.
It won’t apply if you:
are on a fixed-term energy tariff
have chosen a standard variable green energy tariff Ofgem has exempted from the cap.
Contact your supplier to check if you are on their default tariff."
As for my own circumstances, I told you I was bumped on to Eon and the rate is well below the the default and when the term expires in October I will do my research, might even go for a variable in anticipation of rates falling and avoid looking into a fixed term.
Whichever way it goes, Russia does not hold some ace trump or leverage over the west with energy supplies. Like all the other calculations over the invasion of Ukraine, he has got it spectacularly wrong. Europe doesn't do 'made a fool' off very well, embarrassed over constitution referendums so they stopped them, embarrassed over Brexit so retaliated with sanctions in the guise of a trade deal, embarrassed over covid so tries to claim Astra jab unsafe causing a major problem fanning the ant-vax campaigns, and now Russia exposes a catastrophic error in energy supply policy. You watch, the EU will react severally against Russia and we will all be very grateful POLY pulled out as son as it did (I hope). And with luck zero carbon will get buried in the process.
_________Top Ten Shareholder____________ Report date Holding Change % Held
Nesis (Alexander Natanovich)Individual Investor Mar 1, 2022 113.2m nil 23.9
BlackRock InvestmentInvestment Advisor/Hedge Fund Feb 25, 2022 47.8m 23.9m 10.09
BGF World Gold FundMutual Fund Feb 28, 2022 9.4m 978.7k 1.98
Kellnerová (Renáta)Individual Investor Mar 1, 2022 18.0m 2.2m 3.81
Norges Bank Investment Sovereign Wealth Fund Mar 1, 2022 11.0m 2.1m 2.33
Statens Pensjonsfond UtlandMutual Fund Dec 31, 2021 9.1m 154.7k 1.92
BlackRock Institutional Trust Company, Jul 31, 2022 9.1m nil 1.92
Capital Research Global InvestorsInvestment Advisor Jun 30, 2022 7.3m 10.2k 1.55
MFS Investment ManagemenAdvisor/Hedge Fund Mar 1, 2022 6.3m 777.8k 1.33
MFS Emerging Markets Equity FundMutual Fund Jun 30, 2022 6.3m nil 1.33
So 21% of the 473 million shares offered are listed on the MOEX ~ 99 million shares, if Nesis holds 113.2 million shares, some of his holdings must be listed on the LSE?
237.5 million shares held within the top ten holders. If half of Nesis holdings are on the LSE?
It only leaves around 179 million shares listed on the LSE.
How many other larger holdings are there outside the top ten? I always thought there was a liquidity problem in here, why are brokers restricting buying with sanctions against Polymetal; trading restrictions. This thing will snap if normal trading is resumed, just when is the question, a day, a week, a year?
Mr Blue, with respect you are wrong. There are no fixed rates available which are less than existing SVR. That's because price is predicted to rise significantly. The energy companies will set their price at an average rate over the duration of the fix period. It is not a discount rate, it is an assured rate. As prices are certain to rise, no fixed rates are available below current SVR. To quote moneysavingexpert which do this for a day job - "the cheapest straightforward open-market fixed deal is 113% higher than the current price cap." If you are able to find a deal to save you money firstly congratulations and well done, and then it would be lovely if you shared the specifics as it would be of interest to many. So which supplier are you with, what rate have you changed from and to, how much did you save?
Well I simply do not believe that being on the standard now your supplier alone, let alone the other suppliers, has no cheaper tariff. That simply does not ring true. Which supplier is this, the one with only one tariff charge?
Yes after fixed term finished
So are you on the standard tariff?
Except they don’t show any cheaper rates than I’m on ! they’re all double the price I pay which has already doubled. Luckily we’ll be ok but many won’t not through lack of looking for options if the gas companies do what all other companies do and squeeze for maximum profits.
As I posted earlier, look at any price comparison site. If you are on the standard rate, the site will show you cheaper options. I am completely bamboozled that this is any kind of issue!
Ghuxy, I said people do not need to pay the maximum standard tariff. In act, I expect there will be few, maybe none, that actually raise the standard tariff to the allowable limit. Nobody i denying prices are increasing, what is contested to the hysterical claims all prices are going to be raised to the theoretical maximum and there are no options. The biggest issue with prices isn't even being mentioned and that is the fixed daily charge, but I expect the new PM to have a go at that in September as zero carbon is rolled back. Part of this panic and hysteria is deliberate to allow zero carbon to be rolled back, but not enough. We saw early in the PM campaign how all candidates were immediately coerced into sounding on side. I expect big changes there, big chunks of bills removed as green levies are suspended, big cap on daily charges and nobody ever actually charged the kind of rats being predicted, not implemented but predicted. And there has been a bidding war there with various campaign groups trying to add on more potential increases to up the headline figure for the BBC to ram on every broadcast.
If you are on standard tariff, you can switch to a lower fixed price tariff or even lower variable tariff and the variable tariff will never reach the rather silly predictions of today. But overall you will be paying more than if covid, Ukraine and zero carbon hadn't happened since e don't have shale gas in the UK.
Mr Blue you must be the only person in the country who thinks fuel bills aren't a big deal and can be easily switched to save loads of money. Maybe you should run a challenge with Martin Lewis to save people money. Must be great knowing absolutely everything about absolutely everything.
"I checked, they have quoted double my current fixed rate, which was double my previous fixed rate, no deals anywhere."
So if you started at 100, then goes to 200 and you are claiming the lowest quote was 400? That sounds like you had a vanishingly small tariff to begin with, I called them unsustainably low and they were. Anybody on the standard tariff can get a lower tariff even with the current supplier. Some people can't be bothered to switch, or are ideologically opposed to switching and instead martyr themselves on the fuel bill alter. This time round though, I wonder how many objectionists will keep it up.
I'll be using my £400 handout in autumn to pay for my regular visit to the German Christmas fairs, bratwurst anyone?
I checked, they have quoted double my current fixed rate, which was double my previous fixed rate, no deals anywhere.
"Please give link to these “well below” standard tariff energy suppliers."
????? Any comparison site like USwitch....
Please give link to these “well below” standard tariff energy suppliers.
The scares on energy bills are for maximum standard tariff. If people stay on those tariffs rather than the signing up to a far lower tariff, more fool them. The in unsustainable cheap tariffs are gone leaving the main 5 or is it 6 to switch too. Easy to find rates well below standard tariff. Got bumped into Eon last Nov and same bills as last year. Lot of media hysterical scare stories like killer heat waves and outback mega wild fires. At some point this crazy media broadcast trolling is going ti have to be formally challenged.
chippy, we seem to be doing well here at the moment for electricity.
My last monthly bill was under 40 GBP which included a 625 watt pump for the pool
chippy - i suspect the russian people are much more resilient than their western counterparts.
i think the west will start getting itchy for conclusion as we start towards winter - much more than the stubborn ruskies.
just got leccy bill - jeepers...even i winced......and more to come.....
i don't know if a serious recession can be avoided - prob too late.......but lets see how much sympathy zelensky keeps as things get worse - and people realise the sanctions are contributing
Unemployment going up, a summer without the normal travel plans, shops missing produce, lack of electronic items, more domestic police control. People in Russia will start to get dissatisfied with the political direction. They will need a deal even if you ignore the loss of life.
Agree by November G20 in Indonesia Putin wants a deal
Go back to watching movies , they will be easier for you to understand and similar to your understanding of real life.
Day 166 ( of Putins 3 day war. )
Putin re-enforced Kherson, so Ukraine blew up bridges that supply them, creating a self-governing POW camp.!
With tactics such as that this war ( I mean special military op ) will soon be over
Onwards and upwards Polymetal !