Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
They mention it at the very bottom of every half a full year release. Basically saying how much they’ve spent in the period related to it and that they don’t know when or what the outcome will be.
Personally I don’t believe that, because if you’ve been cooperating for nearly 2 years with the DoJ you know something, they just won’t say what and maybe can’t, legally.
It tough to call because it will be a bit harsh to wack a huge fine on them for things that mostly happened before they owned it. But there’s no way Uncle Sam won’t punish Gatc because of the counties and companies involved.
Unfortunately I’m not going to take investment advise from someone who doesn’t know which century it is…
This is looking great value now… based on this years coming results, let alone the next few years.
Memery crystal purchase looks like a bargain too, 30m for a company making 8m profit.
Feel like this share flys under the radar atm, that’ll change if the great results continue though.
Shorts will not stop until they see a reason to. Ask yourself, do you see any reason for this current downtrend to stop. Answer: No.
Inflation, Covid, freight problems, shipping costs up, potential recession, driver shortages, rising interest rates... etc.
There is no insider information ffs, certainly not on the scale people on this board think... maybe people just need to accept they're not as good an investor as they think they are, and the analysts working for the shorters are better...
Trouble is everyone here’s reactions to what’s happened to travel are based on an investment/money case, not a what joe public agrees with case.
Rightly so in fairness because no one likes getting hit in the pocket, least of all when you can’t see it coming. But the fact is I bet if you asked the whole country, the vast majority either agree with what the government has done or a big chunk would say it’s not far enough.
Point is, while your at the mercy of the government, virus, other countries changing the rules like the weather maybe come back when times are less volatile and negative.
Of course I understand long term investing, but what I do lol at is people buying into a share or sector that is under heavy pressure from something it has no control over. All you're doing is gambling and trying to catch a falling knife (unsuccessfully too by the sound of it).
Trend is your friend and quite frankly in no way whatsoever can you can this trend is near reversing yet.
Also, you say people don't have the time for analysis or looking at info, so just buy and wait. Well then why is this board filled with comments all day long saying, "near the bottom now, just topped up, cheap as chips, not a loss until you sell, just averaged down" etc. etc. If people put a bit more thought into what they were buying or invested in and took a loss when it was small they probably wouldn't have to keep using up their "dry powder" would they.
I never understand this “I’m in it for the long haul now” attitude just because people can’t stomach taking a loss. If people didn’t bury their heads in the sand they could get out when 10% down. Instead of ending up 40% down and trying to justify to themselves that “topping up” with “dry powder” is a sound decision. Crazy.
Seventh largest supplier now gone bust. Will be run until they find a buyer or break it up and share out the customers. I think the point being missed with the recent energy crisis isn't that there are less competitors now, although that is good. It's that so many people will now be scared to go with a name they don't recognize. I've spoke to people in my family who now only intend to go with the "big 6".
Whether you agree with electrification or not is almost completely irrelevant. Ultimately you don't have a choice, in a few years time you either fall in line and get an electric, or you starting walking everywhere. The government has started down this path and its not going to change now.
I agree there are pros and cons to both ICE's and EV's but no one can doubt the intention is right to try and get a fully electric vehicle system which is powered by renewable (if you call nuclear renewable) power.
If you want to see what happens when you back a company that is swimming against how the government and most of society want to go, look at the tobacco companies.
As a side note I'm always interested to know whether the people bashing EV's have ever actually used one. Everyone I've ever spoke to that have rate them.
I know what you mean, companies don’t like to use a rights issue unless they have to. But in this case with other airlines and travel companies doing more than one I think it’s a possibility.
It would be a kind of “ripping off the band aid”, “we’re doing it now so that the business is back on its feet for the recovery” type of announcement. They can frame it like they didn’t have a choice. And in fairness the ceo only said we’ll try other things first, never that it or a placing’s not going to happen.
I think in fairness even in this low interest rate, faux money pumping world there has to be a limit at which banks and lenders think we’ve probably given them enough money now?
Well I would think in answer to “what would they do with the money” the answers could be invest in the business, buy out competition, pay dividends, get rid of the pension deficit, open new routes etc.
All of which will be hard to do if your saddled with 13bn of debt plus pension deficit.
Also, I agree business if returning, but will it ever be to the same level it was before? Age of zoom, teams and it being eco trendy to say you don’t fly everywhere unnecessarily.
Just my thoughts of course.
Yes, but liquidity just means access to cash, which obviously helps them not go bust while the times are hard. But the liquidity has come from issuing bonds, deferring pension deficit payments and drawing down other sources of credit. Those are all things that need paying back one day, even if its years away.
Total borrowing minus cash and cash equivalents is 12.1bn. Which doesn't even include the pension deficit. Net income isn't forecast to return to a significant amount until the end of financial year 2023.
Whatever way you look at it it does seem likely some kind of dilution will happen surely.
Hi all, I can see there is a sharply divided camp here on the outlook for iag. I’m not really sure which side I agree with more, but as a genuine question to people who think it’s a buy. How on earth are they going to pay down so much debt without at least a short term negative impact on PI’s?
I agree with you jed, pretty much every company that makes, transports or sells high volumes of products has reported they’ve been negatively impacted recently by supply bottlenecks, shortages of staff, rising wages, inflation of raw materials, huge commodity price rises etc.
I think it’s pretty naive for anyone to think pfd is the exception and it’s definitely going to have had an impact on them, the question is how much of an impact. And how forgiving the market would be if they try to walk back from the very positive q1 update.
Interested in what any of you think?
You chat total bs kall. One minute your all over the pfd board spouting we need another god knows how long in complete lockdown to achieve zero COVID and blowing smoke up Australia and New Zealand A.
Then your on here saying online is finished, high streets are booming, look at all the stadiums and pubs! You can’t have it both ways!
As the country and economy goes back to “normal” key players both online and on the high street will do well. There’s always been winners and losers. The world is gradually going online and digital whether primark have a good year or not.
Honestly, sometimes you sound like a Luddite. The world will change around you and you’ll be the one screaming your right and it should stop.
It’s easy to give it the biggen after a few rough weeks for a sector. You just better hope the phrase “lower sales than expected due to economy reopening and work from home reducing” isn’t used in the update or this will crater.
I know everyone has their own investment style but I’d rather invest in a company with 30-40% growth and oodles of cash to spend than in one that’ll call it a great year to grow 3%