RE: Todays isn’t surprising but . . .22 Sep 2022 11:15
Echo, no doubt the company is run in a good manner. Two points proved this to me when they cancelled the divi and were quickly sourcing new suppliers. You just have to read previous financials as well to confirm this.
The issue I have is purely external pressures of the war which are being imposed on the company. The company is suffering great as per the rns today.
The war is escalating and western respond will escalate economically and militarily. The west will not let Russia win, end of. An example needs to be made. Russia has used the energy card which was it's ace and Europe is attempting to diversify at quickest speed possible. Case a point is gas liquification plants in Germany which have been proposed and approved in weeks, no public consultations, next to nil studies or permitting such as environmental no court appeals, just pushed through which is very undemocratic and out of standard process as these huge projects take years to approve.