Member Info for BillBursio

I remember looking at these shares back in 2018 and was not convinced. It seemed insane to increase the debt from $375m to $3700m in one go. That's right! Ten times the net position in one year. At the same time, the stock was diluted by almost 100%. Return on capital was never much above 5% (OK if you're Tesco) and all this was long before the pandemic torpedoed them. Debt fueled growth may be rational in a new, expanding market, but films .... really? It isn't the 1930s, is it?

I don't go to the cinema, but did take my mother to watch the Downton Abbey film. It was a horrible experience in a new multi-plex with grey tiling and bricks, like a railway station but more expensive. The sound volume was so loud my mother had to switch off her hearing aids and I had to stick tissue paper in my ears. Never again!

The big guys, like Blackrock, seem to be reducing their holdings. The profit and dividend forecasts for 2022 and 2023 are down. Some forecasts suggest net profit in 2023 lower than in 2018, when the SP was around £33 at the end of the year. Only Last November, it was about £43, on China real estate fears, a sector that represents over 25% of the Chinese economy. The largest shareholder is Chinese (14%) and the biggest customer is China , contributing over 50% of revenue. On top of that, rising energy costs and a tight Australian labour market are additional troubles.
Very high iron ore prices have made the last few years very good for Rio and recent special dividends have generated too much enthusiasm and pushed up the price.

I would buy more bits of Rio but only at a safer price than that quoted today.

I had to ask for it! Or, it appeared while I was on the chat line, asking what had happened to it. Slightly less than expected due to the rip-off fx rate applied. Typical Lloyd's behaviour.

I am aghast at the economic illiteracy of the current government. By the time the election comes, Labour will be able to masquerade as the party of economic prudence. By then, the state will be so indebted and interests rates so high that it will be impossible for Labour to borrow anyway. If the Tories lose, they'll be able to attack Labour for their inability to manage the deepening recession.

It's HBR's debt overhang that will prevent shareholders from seeing much of the increased earnings. HBR's debt to equity is among the highest on the London market. It's not in the same class as a complete basket case like IAG, but painfully high at over 740%.

I sold HBR at 492p back in March, for what seems a lot more than the SP today.

Lloyds/Halifax are saying that they have the money but it takes time to convert the USD to GBP and can take up to ten days to credit clients' accounts. Owing to "supply chain issues", Lloyds are experiencing shortages of the quill pens they rely on to calculate the divvies.

Does anybody know why there is stamp duty on this AIM share?

Can anybody explain the last four trades yesterday, 19th January? 4 lots worth 69.3k GBP, two of them marked with negative volumes. What is a negative volume?