Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
Thanks Nelly, good. Unilever management has been disappointed on so many level. Too much wokness. I hope they can make Unilever great again (as D. Trump would say)
Will Water Intelligence benefit from the IIJA (Infrastructure Investment & Jobs Act) in the US, which is $1.3trn?
Caterpillar is seeing its order book softening.. wonder if this will be also the case for Somero, although Som operates in a much more niche arena...
When is the next trading update btw?
NervousNelly What comment do you refer to?
I don't like the RNS. They want to grow and reach more customers by reducing staff in big numbers? The quality of customer service will go down, same for product upgrading and servicing. It feel like a shortsighted move and it tells me that IGG is struggling to meet earning targets. Which ties up nicely with insiders selling their shares.
Thanks Bruce27 , will do
My uncle got his 80 birthday cruise holiday cancelled. He was planning to "set sails" from somewhere in the Middle East, not sure about the itinerary. Reason being political instability.
The holiday was not booked with OTB of course, but the mishap sparked a doubt in my mind. Could any of the holiday packages offered by OTB be affected by the Israeli war?
I am spending quite some time looking at JD financial statements.
Why profits before taxes are adjusted for exceptional items, which to seem to include lease liabilities (lease of property, IT equipment, etc.).
Lease cost are not exceptional items (in my view, for that matter) as it is a recurrent cost (and it seems to be so, looking at the FY reports over the past 3 years). I would consider adjusted earnings without adding back lease costs. This would take the PE ratio in the region of 20, dampening my hopes to see the share price potential to double from current level. This explains the current exceptionally low market cap.
I know this is not Lloyds related, but, what is the general view on the caption under the photo in this article?
https://www.msn.com/en-gb/money/other/forget-investing-in-gold-i-d-keep-on-buying-cheap-shares-to-build-wealth-over-time/ar-AA1iNFmo?ocid=entnewsntp&pc=DCTS&cvid=de74ae6677fe4f0a9889ccaf55087587&ei=10
Looking on LinkedIn, Eric Williams, outgoing CFO, bothered to update his profile with the end period in DEC. However nothing about his new role. I thought he was leaving DEC to pursue other careers opportunities? When that?
I am reading Financial Shenanigans (Fourth Edition): How to Detect Accounting Gimmicks & Fraud in Financial Reports. - this book is suggested in Chapter 12 of The Intelligent Investor.
Page 32 states that the annual cash incentive programs (AIP) should be based on audited GAAP based results. Adjusted earnings is not a GAAP metric - adjusted earnings grossly inflate true performance (quoting the book).
The recently announced incentive plans are based on adjusted earnings. Anyone has a view on this?
Does anyone have data on the profile of the customer base of OTB?
Are they people that can be affected by the rise of interest rates and cost of living to a grater extent than average?
The positive is that OTB is looking to premiumize its offering, which I assume targets the upper crust, which should suffer the least from the impact of macros, but I am under the impression that most customers are mortgage-paying families with young kids (which is not good for OTB in the current macros).
Ale
Schumacher stated that Unilever will now prioritize faster growth.. what about the details, how will they drive consumers to their products, are they thinking about more advertising? that's a double hedge sword, due to the cost of advertising.
I am not convinced about product innovation, that's an expensive route too, and consumer may not welcome new variations of classic products. I hope Nelson Peltz is having a big influence in the board of directors. Unilever has had a terrible leadership in the past few years.
I worked in Unilever, a good number of dinosaurs in the staff and management that are there only to do politics and for their paycheck. I guess big companies in general attract the kind of people that look for a parking spot for their a**.
I hope the new leadership and CEO can straighten it up, as Unilever has been disappointing for 5 solid years.
Anyone knows the details of the Walmart deal, what are the expected volumes and turnover?
Walmart Canada must be a lot smaller than Tesco, so the new deal may not % increase revenue that significantly.
Also, what happened with Singapore?
Nobody is going to take over JD, the management is not so dumb to gift it to any PE. Unless the offer is in the region of £4.00
@Taverham I feel in the current macro a growth of 15% per year to achieve your target of £2B PBT is very optimistic.
Are insiders short sighted and want to take the money now, rather than waiting for a couple of years and double it? Answer: insiders are not short sighted, they know the time to sell has come, and for a good reason.
Truth is we are in a falling market. People are losing their taste for trading and sticking their money in saving accounts, even locking them away for a good one year or more. IGG revenue will be impacted for 1-2 financial years due to capital outflow (lower interest on capital) and lower trading activity. Lower revenue will impact earnings, which will still need to be interest-discounted by a solid 5% (vs. near zero interest just over a year ago). I can see the share price continuing on its downward trajectory, unfortunately.