Member Info for bistolover

Those who have not read the financial report. IAG have a debt of £9.76B, most mistake cash to having access to liquidity which is not the same having cash.

If they had so much money in the bank then why was there a rights issue last year and how much has been the cash burn since then. Can you answer these

September looks to be the best time for RI. At this point they will know how summer business went or did not happen, also any goverment support to see if furlough is extended.

To issue a rights issue, a company needs to know how much to ask the shareholders, by September they will know. The money from Rights issue will then carry them through the winter.

Last year this was done in September with money from shareholders in the bank by October.

how much of the 50 tons a week is from greencore

http://www.fruitnet.com/fpj/article/185562/driver-shortage-causes-supply-crisis
Tesco, the UK’s biggest supermarket chain, is understood to have informed the UK Government's Department of Transport that its suppliers are being forced to bin nearly 50 tonnes of fresh food every week because there are too few lorry drivers to transport produce to stores

so the company reported with pride that the net debt was lower at £107.7m, then they mentioned - The reduction in Net Debt of £35m in FY21 is driven by deferrals of VAT (£19m) and property payments (£21m). so debt was really £147.7m at end of January 2021.

Then it was mentioned - As at 31 May 2021, the Group's net debt excluding lease liabilities was £111.9m. Can't see they would have paid property payments since the result period as business was closed until middle of April.

debt is actually is well over £150m, they would have incurred more property payment liability since jan 2021. I would have thought the debt liability is £160 to £170m now.

Liz Truss says Australia trade deal will be exceedingly good for Mr Kipling cakes

https://www.dailymail.co.uk/news/article-9652425/Liz-Truss-says-Australia-trade-deal-exceedingly-good-Mr-Kipling-cakes-trains-cars.html

i can predict there will not be a rights issue mentioned tomorrow, but must be close to getting another rights issue started.

would not get too excited for Tuesday. This article is dated 27th may 2021, we all know what happened on Friday. Had it been a skys news exclusive then that would be something.

Thanks for correcting me, it would be a double nightmare if she ever worked for HMRC, we would end up with Italian tax system. Safer to have her at HSBC.

https://www.sharesmagazine.co.uk/article/it-could-be-takeover-time-again-for-premier-foods

an unstoppable force, can see people saying if the commute is more than 20mins then do not want to go into office for 5 days. If HMRC and BOE change employment conditions for this to happen then others will follow.

https://www.hertfordshiremercury.co.uk/news/uk-world-news/hmrc-employees-work-home-part-5448577

Obviously the HMRC analyst Ms Russo does not work from home, perhaps she will work from Italy. Only drawback I can see is, people moving to other countries and working from there, with say a Ryan air flight every couple of weeks to go into office for couple of days ( staying at a premier inn hotel overnight) . Tips on Premier inn and ryan air.

working from home will become more common even after everything opens up. Pile yourself high on greencore shares if this trend is good for greencore business. Others should think twice

https://www.hertfordshiremercury.co.uk/news/uk-world-news/hmrc-employees-work-home-part-5448577

snippet - Stop hunting is relatively straightforward. Any asset with significant enough market volume will be moving in a more or less defined trading zone with areas of support and resistance. The downside stop losses tend to be clustered in a tight band just below resistance, while the upside stop losses sit just above support. Larger traders looking to add to or exit a position can shift the price action with volume trades that amount to stop hunting due to their market impact

Jed's point may hold water and we will find out next week if true. The drop was just before a busy bank holiday where volumes were very thin in the morning, also last trading day before June. Looks like last hour before close is a good time to pick up shares that are in high demand by breaking stop losses. Shares have gone up a lot so there should be lots of stop losses at a reasonable support level

https://www.investopedia.com/terms/s/stophunting.asp

jed, looks like you like playing with fire

just hope your punt works on greencore.
The investor call yesterday did not give a lot of confidence that the new promised business is as profitable to replace existing lost business. Easy to win new business from competitors but difficult to make it profitable. There is no guarantee they will be able to pass on the extra costs.

It takes time for analysts to perform the required analysis,

depends on which way this is looked at. There are additional costs that would reduce free cash flow this year i.e. cash to reduce debt, couple examples below

1. £12m refinancing cost ( this includes £4.8m early redemption of existing fixed notes), but hoping this is lower due to better ratings.
2. £11m dividends ( includes 2.5m pension contribution)

looking forward to reading about this in the Sunday newspapers. From "Zombie" to "Star Performer"

guess Pernix needs more time to know how the market works, perhaps another 40 years needed