Member Info for Cardinal3

i appreciate the quality of the posts in here. epl to me till today was the english premier league!

i also agree on the govt energy policy which seems to me to be anything but oil, but maybe realising with trump and s****horpe that self sufficiency matters and they need to think in the round.

I thought I was being smart buying at 28p in January. Just shows.

Might still get 30p+.

Luca

That’s a huge investment by most PI standards (mine anyhow) and I feel the same as you. Best of luck.

Interesting Peakdread.

You have a fair point about the state visit but Trump does like his ego massaged so I think Starmer is on the right track. Not yet though with the King struggling which cio-incidentally gives time for the tariff dust to settle.

As for RR and the SMRs if RR get, say, half and the US the other half we are talking a lot of money which Trump could say is his policy is working. It would also open doors for us. Mind you, it does require government to pull its finger out and decide on the SMRs.

any chance of a translation into king's english and how co**** fishing, carp and mums relate to lloyds?

thanks.

Very good results and outlook. Impressive management.

Bamb

I’m impressed you are on first name terms with the CEO but what on earth could you expect to gain from wasting his time with an email?

67Sam

Thanks for letting us know.

Inaccurate CV is a good excuse to get rid of the messenger. Possibly an aggrieved shareholder checked his credentials and let the firm know. I wish govt were as decisive about ministers cooking their CVs.

Last time I was here the game changer was drilling in Turkey. Whatever happened there?

Being a cynic I think the govt intervention with the car finance and courts could be so that the courts save banks millions which the govt can nick in tax later. After all, any car finance payout will go to the car owners whereas instead the tax will fill the govt diminishing coffers.

So much for a stuffy boring business. It shows first that the new boss is innovative and second that we have some great enterprises in this country.

The delay in orders is an intriguing possible reflection on govt looking to reduce public expenditure without being obvious.

Terry

Many thanks for taking time out to explain

Terry

What’s your concern with Mercuria? I’m thinking hard about investing here and while I see the issues about the govt I think it’s a stable tax regime for now.

Hi Sasa

I agree with you that the govt has worked out that their budget is crashing the economy and they need to be kinder to investors and use common sense. Live in hope. Heathrow anyone? My biggest angst is the NI issue as we want kids/students to learn the way of work yet the likes of supermarkets are being hit so much they won't recruit for weekend/day jobs. Ditto lower paid will become unpaid and on benefits. Madness.

I do wonder if they will see that energy security means giving SQZ and others some encouragement for a change. More oil and gas = more taxes without raising the rate. Wind is intermittent, oil more stable.

Johnjo

Agreed. Construction costs have shot up 15% post Covid. I know of a 'dead' site for 50 OAP flats near me (not VTY) where work had started, foundations in, but nothing since mid year. They haven't admitted they won't finish by mid 2025 as scheduled despite being asked.

I was at a VTY site a few weeks back and the local management were very good answering my questions albeit I went along to look at the housing they are putting up from a non-financial perspective. They said they expect cost inflation to revert to the mean of around 3% next year which will help builders budget better. I admit I felt they are on top of the matter now.

A lot might depend on the availability of funding for their housing association partners who pay for the affordable housing in a development ie at cost I believe. That's uncertain at present with the state of the nation's finances but if govt want 50% affordable housing then housing association partners are required for housebuilders.

Your point about regaining trust is key and the results in January might be the start of that. I sold my shares after the first profit warning but will consider going back in if the vibes improve with the results, with an eye on the shorters.

ShearClass

Good shout on the reinvestment of the proceeds. I've not quite decided yet and have in addition to your BKS and ELCO also have SRT and GMS on my watchlist. The marine services firms are an interesting corner of the market which could generate takeover action.

Giraffe

It's a cash bid. If it goes through you'll get 215p per share. If it doesn't you keep the shares.

Opportunistic. The firm is about to break even and going places.