Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
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The tax is a contingent liability.
Grant Thornton haven't "cleared" potential tax liabilities: for the present, 24 hours after receiving the proces verbal, it is being treated as a contingent liability (how could it be treated in any other way?).
If the tax is owed and paid, this will take a bigger bit surely? At the moment it’s being held up by hope...?
Do people honestly think after pat val that Grant Thornton would of rushed into clearing £600m in potential tax liabilities unless they knew with near 100% certainty that it wouldn't come to fruition after less then a day of reviewing?
Flannels although a tiny part of the business is booming is is primarily online driven, Sports Direct are holding their sales give or take 1-2% with margins actually increasing.
HOF is garbage but they recognise this, they havent announced pouring millions into it, theyve recognised the loss makers and are acting accordingly. My local HoF ( Beatties wolverhampton) is up for sale for £3m, they have 50+ HoF sites....do the match ( yes i know they dont own every building). HOF will probably be kept to about 10-15 of the best stores just for high street visibility with a push to online sales as the brand name is still well recognised, There is also procurement benefits in shared products across the premium brands like Flannels.
You will start to see stores opening similar to Next which has been fantastic, large retail space with space taken up for coffee shops, virgin holidays, card shops, but for SPD, a small game, flannels in HoF stores with SPD.
Strong negotiating power on the high street for rent, SPD is going nowhere but up.
I'm utterly astounded the SP has held up so well today - and even more surprised people are still buying. How wrong can you be?
lol. I said 20% on Friday but got more than I bargained and bagged a nice short very quickly. Sitting on a second short now as it will drift. Without guidance, this will always go one way.
For the present, the share price is down about 9% at 208.60p.
For the present, therefore, the darkest predictions for the share price this weekend have been dumbfounded and it rather looks as if this board was feeding on itself with doom and gloom.
If and when they get to grips with House of Fraser, one wonders where the share price could go.
Faulted, agree. There’s absolutely no forward guidance from SPD
Can’t help thinking that this tax thing will be drawn out over the next month or two and we won’t see any move on SP.
egg, at least Labour aren't in charge. There, the nutters are in charge.
So who managed to bag the bargain shares first thing this morning?
winning party? surely not the brexit party? Well I guess in trump is in why not.
Childern of men seems to be the future
nonetheless, if this Brexit vote had been an election democracy would have had its way by now, and no doubt the 'winning party' would have been promising all sorts of things in the run up, no difference there then and there would be no 2nd vote pre 'winning party' moving in to no. 10 if they hadn't liked who they had voted in, the only difference is the 'winning party' hasn't yet 'moved in'
well he played a blinder here looking at sp
MA for Government!!!
The most bent process ever? Is that because the vote went against you?
democracy thats the one that makes me very angry!!! The most bent process ever and now the lies are out it seems we can only vote once on something? democracy my backside
Yes egg - 17.4 million of us out there who believe democracy is as/more important that the economy perhaps growing a little slower outside the political super state than in it - but this isn't the place for discussing Brexit. The question really is a) why the massive tax bill in the first place? b) how many years does it relate to? c) is it connected to SPD or HoF or another acquisition and d) will it be paid!?
Interesting that this has not dropped further as predicted by many, whether it be the timely buyback which was announced or the general view that the £600m tax bill will not actually end up that big......who knows, anyway, what are views on MA taking this back private so he can in some way fly a bit more under radar with his business dealings, surely he has to be considering it, in my experience, founder owners like MA just don't like being held to account by the City
Hes a knob believes brexit is good for economy why engage. Just click business news
You think leaving the EU would have stopped Belgium demanding these unpaid taxes?
Sums up the EU more generally
Thank goodness we’re leaving it shortly. Surprised they haven’t asked SPD for £39bn instead!
Be positive guys atleast the 600m is likely to stay in the uk per the market instead of being siphoned off to one of the highly taxed nations on earth. I doubt Belgium would notice 600m anyway.
I didnt doh
reopening on after auction
me included, I'm guessing the market doesn't believe the tax bill will be paid, well not much of it anyhow