Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
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On spread betting, it is risky as some of my colleagues can testify to. The link below shows how it works but I did like that you pay no tax, It is dependable on the strategy you use. With the sum Buglet 11 quoted very low.
https://www.investopedia.com/articles/active-trading/082113/what-spread-betting.asp#:~:text=Financial%20Review%20Board-,What%20Is%20Spread%20Betting%3F,to%20them%20by%20a%20broker.
You wouldn’t find my trades anyway, its all spread bets
Hope it works out for you
Well, I'm not going to get drawn into looking for trades Bug. He said she said....blah blah blah.
But someone in the Emirates obviously agrees its worth a hold...
We shall see huh?
I don’t make claims of achieving vast profits, just steady accumulation. My net was around £3000, so judge for yourself whether it is worthwhile.
17p at a time less the spread?
Be still my beating heart!
AS part of the d and g club, delighted to bail out at 1.42 yesterday and will start buying in again at 1.25. This is a share to be traded, not a company to invest in.
Not seen the usual doom and gloom merchants on here for a week or so.
Looks like we are now heading in the right direction in line with booming cruises and hopefully some positive data on insurance.
I would like to take this opportunity to wish you all a happy Christmas and hopefully some precious time with your families. As for me, it is off to Florida later today then a week doing Florida-Caribbean shuttles. Oh the joys of life in aviation.
Thanks
Double inside 12 months! Hold.
Pert…….give it time, it will, trust me. 🙏
The fall in prices of used cars and maintenance in the latest inflation figures (note an absolute fall not a fall in the rate of inflation) is extremely good for car insuance side of the business. As well as bolstering the value of AICL...
see below:
https://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/consumerpriceinflation/november2023
Second-hand car prices fell by 2.1% between October and November 2023, compared with a fall of 0.2% between the same two months a year ago. On an annual basis, prices fell by 5.4% in the year to November, compared with a fall of 3.6% in the year to October.
The small downward effect from maintenance and repairs resulted from prices falling by 0.8% on the month this year compared with a rise of 1.1% in 2022. The effect came from prices of roadside recovery services falling this year but rising a year ago.
Right direction….but still miles and miles to go , needs to treble from here for me
More coming. Trust me.................
DYOR.
A current 10p rise on the day, not too shabby
Another good day on modest turnover?
Do I detect an improvement in the SP leading up to the 24th?
No explosion of volumes but with only some 140 odd million issued it doesn't take much to move this.
I reinvested at 114p some months ago and could have made that work better with the swings here.
But this investment lark is full of could haves.
Just saying.
" Looking ahead to the full year, the Insurance Underwriting business is expected to report an improved gross COR as the price increases continue to flow through to the result but full year Insurance Broking profitability, on a written basis, is expected to be lower than the prior year. "
Insurance problems could ease in 2024 but I don't think there will be much improvement yet in any Update in January...IMO
They could indeed scrape by with no further Insurance goodwill writedown if the sector sees things bottoming out.... but they will need to confirm......Impairments just reduce the shareholder equity on the books but could help on the tax losses side
The extra £35m borrowed on the RCF will add to their Finance costs in H2
Cheers Alnwick. Yep I also have a fear that the new guy kitchen sinks it and its another year to wait. Then again impairments aren't cash and cash is what the debt needs-no need to be giving the taxman too much as yet. Not sure what my position will be the night before results....
Hi Roguemale , Hope1815,
Good post Rogue.
We have a new CEO from January and he may like to make another impairment charge to Goodwill.
What I think the market wants to see and certainly I do is a positive trading statement in January including an update on the debt repayment due in May.
Happy Holidays
Thank You Roguemale 1 for the reply
Hope.
There has been impairment of goodwill for one reason or another on their accounts every year since at least 2020 when I first bought in here. We all live in, er hope, that it will cease. The last at the half year was £68.1m on a figure carried of £449.6m. The notes imply that the figure allows for a forward view of the problem in insurance claim inflation (and so should cover it) but who knows.
Hi Ainwick read Poker's viewpoint if I read correctly was there an Impairment of Goodwill last year which is still on the book( paper ofc )? It reminds me of Bat Impairment just recently.