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.
Despite recognusing the potentially huge rewards, Simon Clarke MP says ‘the fact that the bond couldn’t succeed in August was concerning’. He goes on to say ‘And the government has taken independent advice as you would expect.’
Maybe the BOD are not communicating the risk. Maybe Gina Reinhardt and many other successful investors don’t understand the risk.
OR
It is very simple. Professionals in bond and equity markets do not believe sxx business plan.
You're looking at the wrong place. The world's bond markets are ten times the size of the world's stock markets. The bizarre thing is that government yields are very low, and very fake wherever you go in the west, whereas the yields companies have to pay are pretty extortionate because they're considered high risk. Personally , I would say government debt is far more high risk in the medium to long term.
I don’t believe anyone could predict financial markets etc years in advance to predict this last 6 mths situation .. if someone has they have been lucky but forgetting the other 99% of predictions they made have been conveniently shelved ..
Like I say predict enough rubbish and one day one of them will be right and instant expert .
Why is PI journey over .. I’m guessing Barclays BT BP Apple Microsoft and so on don’t have PIs ?
Hate to say it, but I think the MMs will chuck this around for the next few months before the inevitable happens. We've seen it so many times before with distressed companies. The Sirius project will almost certainly go on to full production, but I think the PI journey is over on this one. Sorry. I really hope I'm wrong (I have been many times).
I'm sure today will feel like a bereavement for a lot of people here. Many investors here have been through a lot; it's normal to feel angry and upset. But it was just bad luck. If Woodford can get it wrong, so can anyone else.
I would only want taxpayers money spent on beneficial projects which can't get private finance. We have not yet met the 2nd.
They spend billions on foreign aid and send billions to Brussels. They simply turn on the printing presses. They can help Sirius out, if the will is there.
The treasury never underwrote any loans to the banks. Entirely different situation.
which they ended up doing for the banks, and look how that ended up. Just saying that the govt or any mp would be mindful of any such actions with an election looming especially under present conditions.
AED59BLUE there was never any question of the Govt 'funding' this project; only that they would underwrite the loan by acting as guarantor.
IMHO NO Govt present or future will back a project that is going to need a lot of funding, especially when there could be an election looming, even HS2 is in question, politicians will promise any funding to go to the NHS to win votes, not to long term projects like this or HS2, its just the way they work. IMHO
CF just said Govt only turned down this specific request for underwriting this specific loan... But conversations with Govt will continue and it's a possibility they could agree to different terms.