Member Info for addicknt

Whatever the plans I think it imperative a distribution of some kind is made to shareholders. We may have to wait for the big payday, but in the meantime a promise was made to shareholders and the company's reputation would be significantly enhanced if they deliver on that promise.

Is this possible? I guess if HfH's suggestion is correct, a great deal hangs on the value attributed to Porvenir.

'84, that's not my point. I was referring to earlier comments in which people are now questioning the blokes mysterious appearance and rapid disappearance, whereas hitherto they were lapping it up.

Last week I suggested he may be a bit dodgy and received a virtual shrug of the shoulders and one or two remonstrations that I was being a grinch.

So how do you account for the recommendations and enthusiastic responses? Difficult though it is to believe, there were plenty of people who were taken in.

The surprising thing about his posts was the number of recommendations they got. People are desperate to hear positive news, no matter what the provenance and that makes it easier for someone like him to be taken seriously. Unless the source of information is the company scepticism should be the default position at the moment.

HfH, precisely. A lot of speculative buyers have appeared recently and frankly if they've made 60% who can blame them for pocketing their profits?

TI, the sad thing is that these characters are motivated by sheer spite and enjoyment at other people's discomfort. Their comments say far more about what sort of people they are than the targets of their bile. The great pity is they live among us - although The Moron doesn't. He's in the Outback somewhere, 400 miles from civilization and who communicates by shouting into a tin can attached to a piece of string which is illegally linked to someone's wifi in Perth.

We've had a 60% increase (or something like that) over the past month and we now have a 14% re-trace and they're back telling everyone how brilliant they are and how they knew it would 'collapse'. Total tools.

It's absolutely hilarious and not remotely edifying. Have they missed everything that's been said by the company so far this year? Or perhaps they can't read.

DBW, your son was quite right. Tabs are weird people, especially the scientists!

BTW, they were both at Teddy Hall.

SPC. Incidentally, I agree with about the excellence of the sponsorship scheme.

Two team mates in OUABC had them; a gunner and a Marine. They both served in the Falklands and were both decorated. The gunner went on to become a journalist and author, the Marine served a life commission and ended his career as commanding officer of the SBS. He was a great bloke.

The former.

SM and don't forget the many lies he's told, first as 1981 and now as SH. The fact he went to Cambridge is also a sign of instability - why settle for second best?

The bloke's an absolute idiot. How he's still going after so long is a complete mystery. He's probably bankrupted more small investors than any other pundit.

I'm not remotely interested in EVs and haven't enjoyed driving the two that were lent to me as courtesy cars. But I did like Clarkson's recent comment ; " If an EV owner starts talking about the range of his vehicle, you know he's about to lie".

Such confidence. Of course, if SC delivers what he's said is happening, I'm sure no one on here would be ill-mannered enough to remind you of your posts.

'84, you're not suggesting Nostradamus got something wrong, are you? That's a scurrilous allegation.

Bozi, I'd get done for libel!

There are exceptions and some of them are very capable individuals.

A friend of mine from university set up the office of KKR in London and then went on co-found a hugely successful pe outfit of his own. He wanted to back my company in the purchase of a US competitor. We flew over to the East Coast and spent three days visiting their factories. We then met up at the airport to discuss his thoughts.

I've never heard such a brilliant deconstruction of a business. He took their company apart line-by-line and concluded by saying he was prepared to pay $100m. They wanted $200m, so we flew home and that was that. Six months later they sold the company for $110m. As I said, some of them are really very good, but they're in the minority.

Q, that was my point about changing the law and appointing a receiver who acts for the State. In other words, a suspension of the normal process of receivership, whereby the assets are sold to the highest bidder and the proceeds divi'ed out secured creditors. Instead there should be no distributions and the secured creditors should lose the lot. As is normal in receiverships, the shareholders are stuffed. And you're right, it would cause an uproar, but someone in government needs to have the balls to bite the bullet.

I'm an ardent supporter of privatization, but the water industry was a step too far.

Q, when Thames goes bust a state receiver should take charge and the normal laws suspended. By this, I mean that the financial creditors should get nothing so that the new entity is completely debt free. It's time the banks took some pain.They took the rewards, now they should absorb the risks.

I know the counter argument has always been that such an approach would mean they'd stop investing in the future, but that's utter balls. If they did that their own businesses would fail.

Let the buggers suffer for once.

I agree with that. The problem with state ownership is there's no incentive for people to excel. Management become lazy and incompetent and employees end up not giving a toss. There's also the fact that public service is no longer regarded as being something honorable and worthwhile. We've become a nation of grifters, ill-suited and mindless of other people. ( good generalization, eh?)

Having said that, I'd re-nationalize water in an instant. What's happened there is a scandal.

Actually, when I come to think of it, I also hate big business and the third rate, brown-nosing creeps who run FTSE companies. Governments spend far too much time pandering to these t0ssers, when in fact they should be roundly ignored.

That feels better! A good old rant always works.