The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
#Offmessage
“It was to protect the NHS from being overwhelmed - by deliberately risking infection and hospitalisation you are endangering others. You have to be pretty thick not to have understood that.”
I disagree!
NHS “management” has historically claimed, each winter, that it was to be overwhelmed! Consequently, HMG pumped yet more of our taxpayer money into a wasteful exercise to aggrandise NHS management structures and facilities that, in reality, added nothing of value delivery to those requiring the services of the NHS.
The fact that the upper echelons of NHS “management” panicked on the basis of an IC computer model that proved to be “failed” during the “foot and mouth” issue of 2001 was the basis for the change of strategy in dealing with CV 19.
The DoH strategy published in 2011 for dealing with pandemics. It was well researched and in retrospect, in time, will prove to have been the correct strategy to have followed.
Albeit that the 2011 strategy was initially followed - it was the weakness of HMG, and its poor leadership, that allowed the NHS to once again “to win the emotive argument” for more funding. Funding that that was enhanced to include the building of “Nightingale facilities” none of which, despite contrary publicity, were ever used!
Future research will reveal that the whole reaction to CV19 was over reactive and unnecessary with detrimental consequences that far out-weighed the actual effect of the CV19 pandemic. That the rest of the world followed a “group think - emperor without clothes” strategy imposed by other governments demonstrates a lack of leadership and clarity in those who govern!
To accuse those of independent thought, analysis and alternative conclusion of being “pretty thick” is dangerous, and detrimental to the well-being of mankind – has history continually proves!
Seems he has his suppporters at JSE.
Caveat emptor
14:50
Nationwide are closing the Mill Hill Branch London NW7 in October.
The last financial services outlet to close. - save the last remaining post office in the area. Mill Hill has lost Lloyds, Midland, Barclays, Santandar (Abbey National) Leeds Permanent BS over the past years to be replaced by charity shops and cafes that won't accept cash! Can't see these lasting once the reality hits those relying on "cheap money" to service their unproductive life-style!
"The only drawback I feel is the currently manipulated SP which will shortly be impossible to control by the MM’s ."
Please explain why you believe the MM's would seek to manipulate the SP.
Sir David Attenborough has warned against the ‘alarming’ practice of razing forests to fuel wood-burning power stations in Britain.
About 6 per cent of the UK’s total power comes from Drax, a wood-burning power station in Yorkshire which goes through seven million tonnes of biomass pellets a year.
It emits approximately 13million tonnes of carbon dioxide – making it Britain’s biggest emitter of the greenhouse gas – yet receives more than £800million of taxpayer subsidies a year by claiming to be a ‘green’ energy source.
While the power station insists burning wood is ‘renewable’ as trees grow back, critics say this is misleading as a mature tree could take 100 years to grow.
The warning comes as the House of Commons environmental audit committee announced it would investigate whether burning so-called ‘biomass’, as burning wood pellets is called, is fuelling deforestation.
RKH didnt stay there long! - Just saying @Littlened
I agree - but who wrote it???
"The Company is holding the GM to, amongst other matters, lay the audited annual accounts of the Company for the year ended 31 December 2021 to shareholders, which were published on 30 June 2022."
And what would those other matters be?
Don’t forget it’s the Irish and Moroccan gas fields as well!
From the HARL BB
EU recommends Ireland cut gas consumption ahead of winter supply concerns
Gas is Ireland's second biggest energy source
BY CATHAL RYAN
16:04, 20 JUL 2022
The European Commission has urged Ireland and other EU countries to reduce their natural gas consumption by 15 per cent throughout the coming months to ensure winter stocks remain.
In a nutshell
The announcement comes as Europe races to build a supply buffer of natural gas amid growing concerns Russia may cut its gas exports to the continent as a result of sanctions following its invasion of Ukraine.
Harland & Wolff is a wholly owned subsidiary of Harland & Wolff Group Holdings plc (previously known as InfraStrata plc), a London Stock Exchange-listed firm. In addition, it also owns the Islandmagee gas storage project, which is expected to provide 25% of the UK’s natural gas storage capacity and to benefit the Northern Irish economy as a whole when completed.
From the CHAR BB
RNS Today 07:01
Material Increase in Gas Resources Offshore Morocco
Increase to 1.4 Tcf in total remaining recoverable resources (2C plus 2U) at the Anchois Project
Range of targets de-risked in a basin-scale exploration portfolio with multi TCF potential
Chariot Limited (AIM: CHAR), the African focused transitional energy company, is pleased to announce the results of Independent Assessments on its gas resources offshore Morocco, incorporating the results of the recent successfully drilled Anchois-2 appraisal and exploration well. The Independent Assessments have been made by Netherland Sewell & Associates Inc. ('NSAI') on the Anchois Gas Field and further selected exploration prospects in the Lixus Offshore licence ('Lixus') and the adjacent Rissana Offshore licence ('Rissana') with material resource upgrades reported across the portfolio.
Anyone remember Phil Corbett? Hurricanes ex-head of investor relations. His employment period coincided exactly with the restructuring period.
Someone tracked him down and gave him a little call this afternoon. Wanted to ask what he thought about the Hurricane Energy bond being repaid, with $85 million spare. What were his views on the failed restructuring plan.
Unsurprisingly he couldn't get off the phone fast enough and hung up on them in a panic when asked some simple but polite questions.
If anyone would like to give him a call / SMS to let their thoughts be known then his number can be found on contact section of the Jadestone Energy website. Click like once your message has been sent ;-)
I find it interesting that when HUR was, apparently, unable to pay bonds they hired a "head of investor relations" to fob off difficult questions from private investors. However now the company has better prospects, and should be shouting about future to markets, there is no one in the role.
JSE Investors just be extremely careful what the company says! Their Head of Investor Relations has form!
Likewise registered. Notification received by e-mail at 1600hrs from - investors@harland-wolff.com
"It is with deep regret that I am forced to postpone the investors’ evening due to take place on Monday due to very low uptake."
08:35
“Seems to me that the tax relief of 91% on investment makes a proper future plan a no brainier. Spend 100 million but only pay 9 million.”
Hurricane would still have to find and spend the £100 million. The £91 million tax relief can be set against profits that are obtained from the invested £100 million. HMR&C do not give away money – they only agree not to steal so much for HMG to misuse!
"Perhaps the bond holders may yet get their hands on hur"
With less than 3 weeks to CB maturity and the maturity payment in the bank - risible!
With the changes in the HIGNFY team at No 10, and a new gardener for HMG's money tree; how this will effect the Energy Profits Levy and Hurricane's future strategy due in September?
Given the turbulence in an, as yet immature, policy might the new Chancellor decide on a different tack in order to assist the First Lord of the Treasury, in his forlorn quest to hang onto his job?
Readers may be interested in this.
http://kalinapower.com/ and https://www.youtube.com/watch?v=7Z4-8nJQBbU
The technology is proven, and available now.
Enjoy
or fell asleep during the interview!
Waiting for the Registrars to finish their work, No conspiracy or intrigue. Expect RNS tomorrow