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"How reliable as an income stream has the LGEN dividend proved for LTH over the years?"
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Isn't there the old chestnut about 'Past success does not guarantee future performance.'
Also 'Don't put all your eggs into one basket', especially ones paying attractive but not necessarily sustainable levels of return ....hopefully this doesn't apply to LGEN!
"Who would have thought that Holly leaving would lead to an increase in the shareprice"
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I must have been watching a different share price.
Hard to see how one celebrity leaving or staying can cause the market - which is ultimately interested in profit & loss - to influence trading patterns.
"....I will need the high 9 - 10% yields."
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Wow, that is some goal. You've got to be very careful where you put your money with that sort of target in mind.
Some people will offer you 20% per annum....but after a couple of years of bumper payments they will suddenly stop paying, or answering your calls and when you go to their luxurious offices in London you find they have moved, with no forwarding address.
Hopefully that doesn't apply to LGEN.
Barclays can't half pick em.
"Barclays said on Thursday that Mr Staley should forego bonuses and long-term share incentives totalling £17.8m following the FCA's findings." [BBC]
The use of the word 'should' jumps out. Like Mr Staley 'should' do the honourable thing and give back £17.8m because it's the right thing to do. Barclays make me laugh.
Mr Staley is appealing the FCA decision....so he probably needs the money to pay his legal fees.
"You don't just leave your well paid job for personal reasons."
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More loopy analysis from one of the 'usual suspects'!.....I'm sure Dame Carolyn gave HW 'the boot' because their dresses clashed.
In truth I suspect 'most people' would reassess their priorities when they receive a serious death threat....but I suppose a 'well paid job' is worth ANY amount of risk to some people.
It's the debt and possible breach of banking covenants that cause me real concern. The RNS was 'almost' like a business that was going down the tubes. Obviously spooked the market. I know I was shocked. The SP drop didn't help allay my fears.
It must shake ones confidence in what some people are capable of doing and cause a re-appraisal of 'is it really worth it'. Happening quite a bit is America with Trump making veiled threats against people he has a grudge and some in his base voters seeing that as their mission. Takes someone with real guts to stand up against that some of intimidation. Holly obviously decided it isn't worth it.
You can sense it on here sometimes when their is an 'almost' messianic - and irrational imo - dislike for 'someone'....it is all too easy for a twisted mind to put thoughts into action.
"religious folk stop battering each other"
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so-called religious folk.
Spike, as you say '2023 is a transitional year' and disruption was to be expected. You wouldn't like a job managing things in Kazakhstan for Altyn would you?!...you seem to have a better grasp of the situation then current lot.
Lots of money being spent, large debt re-payments due and costs which they have to get under control. Although cost of production (currently US$1,344oz) should fall when processing increases to circa 800,000 ktpa.
But still - in theory - profitable.
You know you're having a bad day when you agree with Tom.
"Big advertisers no longer need TV or for that matter ad agencies as they can target punters more effectively on social media."
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Schwee, is that a personal opinion or something is an article?
I suspect the ad landscape is changing. Streaming provides content - not always with adverts - to the consumer and I expect would be quite valuable. Big events likewise.
Social media & influencers are probably a growing part of the jigsaw.
I presume the aim is make themselves not look foolish or 'behind the curve'. When trend is for a lower SP they reduce their target, when the trend is goinf higher they increase. I suppose the most encouraging aspect is 'overweight'....not something I usually like to hear.
Advertising will always be important but it is cyclical. If they can expand and improve other parts of the business that aren't so dependant on the state of the economy - not always possible - then it could help soften the blow during lean advertising times. But to some extent it's the nature of the business.
Some people have set their heart on Dame Caolyn going, I hope she proves them wrong. It hinges on the performance of ITVX imo.
"Nigel Wilson’s ‘thing’ has always been “inclusive capitalism”"
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Didn't Sam Bankman-Freid of FTX 'fame' have something he called 'Effective Altruism', which turned out to be a smokescreen.
I'm all for building efficient, high quality dwellings pre-fabricated in factories. I don't think it is even a new thing. Don't some of our European neighbours do it quite well? I'm sure I have seen 'Grand Designs' where a structure arrives on the back of a lorry from somewhere in Europe...usually to find the foundations aren't to spec!
Perhaps LGEN could even sell the 'knowledge' of pre-fab's to a European company to learn from LGEN's 'experience'.....another phrase springs to mind: "Selling snow to Eskimo's", although with Climate Change that is 'probably' going to be a growth industry!
"... a lot was learned I suspect and knowledge isn't lost"
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It is if you don't use that knowledge. One can spend an awful lot of money gathering 'knowledge' that won't benefit the core business. Even Elon Musk gathers useful knowledge when one of his rockets 'deconstructs' because he is in the business of building rockets (amongst other things).
I thought ITV had walked away from the All3Media deal, have they restarted negotiations?
I assume IF All3Media are desperate for a sale then it would be a very week negotiating position...ITV having already walked away can now make a ridiculously low offer BUT first they would need to look at the books and make sure there isn't something wrong at All3Media that is initiating the fire sale.
"In terms of skeletons, the closing of the prefab unit was a brave decision under the outgoing CEO."
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I don't know much about the 'prefab' unit, but it seemed a little out of place from LGEN's core business. It looks like an experiment that didn't work out and the outgoing CEO just tidied up the loose end....because the incoming CEO would 'probably' have shut it down within 10 minutes.
The term 'greenwashing' springs to mind....I don't know if it is apt or relevant in this case.
Pokerchips, I can see that a new CEO is both an opportunity and a risk. They will undoubtedly want to stamp their mark on the company...but that might not always work. Equally the outgoing CEO will put off difficult decisions because he might not want to be seen 'poisoning the well'....and we all want an easy life after all.
I'm not sure if LGEN need a kick up the derriere or if it is a well run ship that needs only slight tweaking of the rigging. Certainly the SP is an obvious indicator that investors aren't impressed.
"I think the market may well be "cautious" with LGEN for the first 6 months of the new CEO in 2023..."
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I suppose it may be because a new CEO is more likely to expose any 'skeletons in the cupboard' of their predecessor and start with a clean slate. Hopefully LGEN is relatively skeleton free!....apart from some of the board members who haven't spoken much in boards meetings recently perhaps.
Isn't there a saying "Don't count your chickens"....which I suppose is why they introduced the new regulation regarding deferred profits. I seem to remember that some companies were winning a contract and then recording the entire theoretical profit in that years accounts....which looks wonderful in terms of short term profitability, but is rather awkward if contracts wins don't keep coming. It was a short sighted accountancy policy imo.
MUch better to drip feed contract 'profits & losses' over the length of the contract, rather than expose the company to a potential feast & famine cycle. But I suppose I'm not a highly qualified accountant so I shouldn't really comment....I sometimes think accountants/solicitors adhere to some form of 'pirates' code!