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It brings it into focus how low we are when 550,000 is only 12.5k.
Funnily enough ‘anger’ probably is like Thompson. He’s given up arguing and he’s just going to sack people. The unions have already played their nuclear strike card, what have they got left to threaten?
Serious question. Good grief. What happened last year or ten years ago has no bearing on what a company earns this year.
Royal Mail employees going on strike is a bit like block buster staff going on strike, outside of the company absolutely no one cares, physical post is history, other companies do deliveries. The union is costing employees their jobs. The reason you’re striking rather than quitting is because you can’t get the same remuneration anywhere else.
I’m hoping this is the bottom. The sell off seems over done. Chart looks horrific.
Tesco is still the biggest supermarket therefore it has bigger economies of scale. Past sp performance has no bearing on future performance. It is defensive because people will always buy food. If Tesco so chose it could go low cost, with terrible shopping experience and muscle out Aldi etc but that would be an awful idea. I think Tescos has it just about right at the moment. I think Tesco is a bargain. I’m buying.
Yep, all good here. Over £50m in the bank, still performing well. That’s the sign of a good business, even during bad times they are ahead of market expectations.
What gets me is. If 802 has the greatest chance of success for the deeps why didn’t they start with it?
I’ve got agree with Adrian I’ve long been a supporter of Casp and I have far too many shares. They need to make the change, this isn’t Kuat’s piggy bank
They are hedged till the end of 2024. The investment in their solar panels was a shrewd move 15 of their locations have solar.
I don’t think it’s widely appreciated how big Lloyd’s is since the merger with Halifax. They are making billions whilst interest rates have been negligible. With the normalization of interest rates the scale of Lloyd’s profits will become obscene. The biggest problem Lloyds will have is the government doing windfall taxes because it’s an easy political gain.
Even though I’m Talking to myself. I just want to put it out there.
Debt free
Hedged energy costs till 2024
Just bought a Canadian business so now receiving foreign exchange bonus.
And anecdotally the one near me is still very busy.
Oh and they can’t even drill a shallow any more
Lower bopd than we were expecting lower prices than we were expecting and they are buying more of their own crap with our money, great.
Their break even is no more relevant than ours. It’s what another co. would value Casp at which matters. They have gained valuable knowledge regarding the deeps it’s just a matter of wether another competent oil firm thinks they could flow them.
Also if you were thinking of renting Boaty wouldn’t buying all of Caspian be more of a bargain?
Kk what do you think we are being held at 3p. I agree with your reasoning as to to why they aren’t taking us private but I’m at a loss to any other explanation. My biggest fear is them dumping some other asset on us. He played fair with mCboaty but he might figure Caspian owes him. If they do dilute us again to pay for another of his assets I’m out.
It’s all very strange but the sp is being held at 3p. Why?
I’m the current environment that was as good as could be hoped for. Sound business.
One thing I noticed was their energy costs are hedged through to the end of 2024.
With £40 million in the bank, if any hospitality survives I think Hollywood will be one of them.
Things may look bleak at the moment but recessions don’t last forever and by the time the economy has picked up so will the share price, so I’ve been buying and getting ready to hunker down and see out the next few months. The sp may go lower in the short run but This seems a well run business so I’m happy to park my money here.
Thanks for the reply. It just seems that in real terms Lloyd’s will not keep up with inflation.
Lit I understand depositors are getting screwed and the bank makes the difference between the interest it charges and the interest it receives but with inflation above the interest it’s charging why lend when they can get much higher returns with government backed bonds?