Member Info for Dinoken

Three cheers for the management of SSE. They had the common sense and foresight to see that the UK retail market has been sunk by politicians and wisely decided to get shot of it. Contrast this to the pathetic opposing strategy of CNA who incredibly enough are ditching everything else apart from retail !
All this began years ago when Ed Moribund suggested capping prices and to everyone's horror, this ridiculous idea was seized upon by the conservatives (then in power) and CNA and SSE were doomed. Except that SSE had the management nui to work their way through to the exit ... Well done SSE.

Think this is a mistake and that an outside candidate with no link to RBS past would have been better.

Stealth & K3 - many thnx for the informed replies. Hope WRES can benefit further from Hemerdon fire sale - cannot be that many other buyers for nearly new Tungsten/Tin mining equipment.
If Sirius goes same way as Wolf, this might provide further cheap kit.

Thought the purchase of the concentrator spirals from the moth-balled Hemerdon Tungsten/Tin mine in Plymouth was an inspired bit of cost saving. Talking to mate from Cornwall, he asked why WRES bothered buying the spirals - why not buy the mine ? All it needed was working capital to recommence production. Anyone any ideas ? Did WRES look at this option ?

The lead vampiress has publicly stated that Fraud Law is not fit for purpose to try to explain away their lack of results. Obviously, squealers will boost their results. Apart from that, seems the only tactic they have available is to publicly shame a company (with consequent damage to reputation, sp et al) until it goes for a DPA, regardless of the strength/weakness of the case against it.

MTB - glad you feel comfortable with approaching negative bond yields, which seems to be the way things are going.
Even last night, Trump had a hefty swipe at the Fed who he called incompetent and harming the US economy.
He tweeted 'Our problem is a Federal Reserve that is too proud to admit their mistake of acting too fast and tightening too much (and that I was right!). They must Cut Rates bigger and faster, and stop their ridiculous quantitative tightening NOW.'.
As you say, existing bond holdings are not affected by decreasing yields but future purchases most definitely are. Bonds are only one income stream but still an important one.

Jefferies buy 815 (1100 in 04/2019).
Quite a downgrade which is probably factor in latest decline.
Jeffries see 'Investment case compelling'. based on satisfactory 1H19 results, FY19 guidance reiterated, target for FY20 FCF to exceed £1bn.

Forget the results, IMO this fall is due to the worsening outlook for Bond yields which has worsened over last few days with escalation of the US/China Trade war.
Lower yields means lower income streams for Life companies such as LGEN which use the returns to pay liabilities that come due.
As trade war escalates, investors are buying bonds as safe haven assets pushing up prices and lowering yields.
Now expected that Fed will cut half-point by end October, versus January two days ago, and 100 basis points of cuts over the next 12 months to try to offset the economic impact of the war.
Benchmark US Treasury yields have dropped to lowest level since Trump and all German bunds have now closed sub zero - really !!!
The world’s stockpile of negative-yielding bonds is now at a record high - James Bond to be renumbered minus 007.
In brief, LGEN simply following Bond yield curve which could turn either way with the next Trump Tweet !
Heres hoping for a truce ...

Brexit uncertainty sorted ? No-deal October will be just the beginning. Look no further than the swiss experience with trying to get deal with the EU - taken years to get precisely nowhere with both sides at an impasse and no ending in sight.
One funny consequence is that swiss stocks can now only be traded on the swiss exchange while pointless arguments about equivalence rumble on and on. Can see the same thing happening with UK.
In meantime, enjoying the fact that the evening sky is pink - no, not shepherds delight, squadrons of flying pigs powered by Rolls Royce no doubt - UBS Buy 1160 !

G - did East make any comment about the cost of repairs to the new Trent other than what is given in RNS ? Thx

Come on, comparison like that is thoroughly insulting to bent incompetent baboons !!!!

barchid - this was the first time I had actually seen M&B and GNK named. But you are right not to get excited, been pointed out to me that report also appeared in the Daily Mail !
Back to plot, and following MARS tanking after interims, must admit to being surprised it resisted following the market down over the last few days - which must be a good sign.

Reading rubbish in quiet moment and came across article suggesting that the yanks or dollar denominated bidder is looking at UK companies with view to 1) securing discounted price due to low sterling/dollar exchange rate 2) borrowing cash at low interest rate to secure purchase 3) paying interest on borrowed money using operating profit from purchased company.
Target companies named ? M&B and GNK, although if I was in their position,I know who I would go for ...
Funnily enough, another target was GSK which would require a much bigger bid.

Blimey - one of the execs named has said "he has never been charged with any offence, nor even spoken to, let alone interviewed, by the SFO in relation to any aspect of the charge on which he is named". After all this time. Beyond a joke.

OK - I'm off to spec savers. Before I go, take note that 1) for RBS, buy back would get shot of majority government ownership which would be a much bigger boost than merely reducing m/c 2) legacy problems coming to an end ? Even this week the latest massive Forex court case was made public naming RBS, Barclays et al.

IMO - results score 1 out of 3.
1) Good divi 2) No news about new CEO 3) no news about buy back, but guess that point 3 will benefit from the new lower sp ...

UBS think divi 2.5 plus special 5 = 7.5
Find out in morning, hopefully not mourning ...

Tanked because of projects delayed by Brexit, despite CTO putting into place accelerator plans for projects to restart swiftly when political uncertainty lifted - as if it ever will. Further to fall IMO

Talking to vegans and vegetarians - none of them would touch these product with a barge pole because they consider them to be 'flesh'. In fact, my daughter who is a vegan has told me that the only reason anyone is buying into this share is because the driving force behind it is seen as a health food investment guru - just like the hero in Toy Story ... whose fund is currently locked in perpetuity while still charging fees and with massive losses looming. 10 bagger ? Really ? Exact opposite more like.

JABH - they can use the money saved from buying worthless mortgages by paying the latest foreskin fines !
Interesting that for Barclays results tomorrow, analysts are looking at 2 figures (not on page 3 of Sun) - divi and something else that I have already forgotten. No need to remind that for RBS, divi crucial on Friday ...