George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Lloyds is a syndicate of many,many re-insurers ..so..each one would cope with such a thing....
If it was in China they would have the site cleared pretty quickly and the mass manufacturing would have a new one built reasonably quickly ...so...interesting to see how the "system" in the US co-ordinates to getting a bridge back up again and how quickly they can achieve it in
"likely"
I bet the people haven't read the small print
Oh Oh
Today News: -Baltimore bridge collapse likely to result in multibillion-dollar insurance claims -Lloyd's of London!
LSE may be in a death spiral but Insurance seems fine
Insurer Lloyd's of London swings to $13.5 billion profit in 2023
https://www.msn.com/en-gb/money/other/insurer-lloyd-s-of-london-swings-to-13-5-billion-profit-in-2023/ar-BB1kFJSb?ocid=msedgntp&pc=DCTS&cvid=1d614622d1604b3b8b314b891c6801e6&ei=6
Yes a diversified portfolio these days means NYSE and NASDAQ as well
We have our own company problems but UK stocks generally are in a death spiral. A good read if you have a few spare minutes. Reckon if we're on the NYSE we would valued 30-40% higher than current levels, but it is what it is.
https://www.standard.co.uk/business/london-stock-market-shares-crisis-new-york-financial-centre-city-exchange-lseg-fse-100-b1147995.html
The call was specific to the RNS which was about delayed release of last years results. They can’t go off piste and make other statements about current trading or disposals which were not in the RNS. To do so would be giving information to the call attendees which hadn’t been published to the whole market yet. I imagine they would be fined, struck off etc for such behaviour.
Patience.
In their defence we have not yet closed Q1. No other companies are yet reporting on Q1 for that reason.
Isn’t it interesting that we don’t have any figures about revenue, operating profit/Loss despite the fact three months have passed. I’m less concerned about NA sale now. Anyway interest rate has to decline and NA student business is very solid. TBH in this scenario 1.2 b debt doesn’t look abnormal or high especially if you consider the mass of the businesses and overall industry. Why SP is at 67p only? I think it’s an opportunity for next five years.
''I wonder what the exposure (to subsidy) for the UK is?''
Substituted scrapped HS2 plans perhaps?
PC: "The grants/subsidies on German Rail are being cut back,"
source for this . It seems very likely as Germany is running huge budget deficits
I wonder what the exposure (to subsidy) for the UK is? That would be UK buses not coaches. They can't just raise bus ticket prices to compensate not when there is a General Election nearby
Interestingly FGP has this issue as well - what if all their lovely rail contracts disappear with Rail nationalisation ?
Pokerchips
I really am happy to give another couple of years to bear fruit, just want to know if things are showing signs of improvement in q1 24. Then I'll shut up!!!
JG68
you gonna give yourself a heart attack, with all your frustrations .....
You cant change things so you have to just go with it.... frustrations go no where
The grants/subsidies on German Rail are being cut back, so they have to adjust to that ...it is what it is... going to now have to see whether prices will have to go up to compensate
2023 will probably be a bottom line loss after adjustments ... it is what it is..
You just have to look at H1 results and H2 Results 2024 and look forward ..you need to take a 2 year view 2024 and 2025
So why not a brief update on current trading seeing we're a quarter in?
Surely if it was half decent they would throw in a couple of sentences.
We have no idea how current trading is since October except the paragraphs about Alsa and NA in the 7th Feb RNS.
Are we not owed that at the least?
Essentially there have been 3 profit warnings of sorts now starting in October ( 4 if you include June in 22 when this all seemed to start).
Only shred of comfort is Cosmens adding and Pokerchips relaxed view!!
"To me it seemed like they tried to keep everything focussed on why they pushed back the earnings release rather than going into details on outlook or other things."
I think that's the correct approach. It would be possibly misleading to make empty statements about a "potential" sale process . It happens when it happens
They mentioned that they would provide an update as part of the earnings release…if I remember it correctly they were saying something along the lines that things are progressing well.
To me it seemed like they tried to keep everything focussed on why they pushed back the earnings release rather than going into details on outlook or other things.
Somebody mentioned that there would be an update in April?
Nothing much, early days in process.
Has anyone got access to the call from our great CEO? What did he say about updating shareholders about the NA Sale?