Member Info for eccles04

It's not banks that do well out of inflation, retailers are in a much better position because folk tend to rush off and get that new furniture, whatever before further price increases.

So what will they do next with the cash which is obviously piling up?

Is the MM asleep at the wheel? Buying volume vastly exceeds selling volume today but no change in the SP at time of writing.

It's not debt in the generally accepted sense of the word which is money you have borrowed and have to pay interest on and eventually repay so to my mind, the gearing concept is inapplicable. This is sometimes the problem with these accounting standards which get put together by the wally accountants on these boards who have little understanding of the unintended consequences principle. When I started out as an articled clerk nearly 60 years ago, we didn't have any written down standards, instead everything was done to accord with what was reckoned to be "fair and true" and the man in the street pretty well knew what that meant as he still does today. However, over the years some business men and their unprincipled accountants have gotten up to various kinds of chicanery as we all know such that a whole bunch of politicians and similar ignoramuses have required increasing amounts of quasi legislation to put it right but with little success. The original concept of "true and fair" seems to have faded into the background even tough it is still perfectly vaild IMO. On this basis a lease is a liability to pay a rent for a specified period of time and if you told the man in the street that it was a debt he would find it incomprehensible. Rant over LOL.

The "value" of a company is determined by both the market capital AND the SP because the first is merely a multiple of the second, OBVIUOSLY. However what really values a company is the return which for the shareholder of this company has been zilch since the beginning of time. Constantly the discussion centres around the price of Vanadium which is mostly irrelevant as is the price of cheese to Tesco shareholders. A well managed business produces profit AKA dividends for it's owners (shareholders) from the difference between costs and sales and it doesn't matter too much what the commodities are if the managers are skilled.

Hi Falky, yes SP is totally nuts not that I have any but my son is thinking of havng a go. Perhaps it's all to do with covid which seems to have made our government into a bunch of nutters too.

Er, what debt would that be Cul, I can't see any on the last balance sheet.

He does of course know more than us but look at his SP's, methinks he is just doing a bit of trading to make a few bob for his hoidays. Any minute now and he will buy some more, just like you and me.

Yes, it seems some scribbler seems to think the SP could easily hit 3.50

It doesn't really matter how employee bonuses are paid, the cost still comes off the EPS. Most businesses pay employee bonuses these days provided they are earned, my old company was paying them 50 years ago but we had to meet profit targets which was a huge incentive when said bonus could be 15% of one's salary.

Yes and when the Vikings got to north America they gave up and came back cos there was no McDonalds or KFC in those days as was rumoured.

Yes and when they got to north America they gave up and came back cos there was no McDonalds or KFC in those days.

How can people write such rubbish on the back of very good half year results beats me.

There are always plenty of loonies around who see a small (in this case almost microscopic) change in one quarter as some kind of disaster and react accordingly. Due to faulty thinking, they completely ignore the very good half year result and the presence in that balance sheet of nearly £900m cash.

There are not many places you can get a 10% return these days but that is exactly whatI have had from JIM this year, WOO HOO! MInd you that is calculated on my costs which are a bit lower than the present SP.

Doing some "back of fag packet" calcs I reckon the next (final) div could easily be highly acceptable at the current SP.

Yes, this is a realy hot clue IMO, I need to scrape together a few more bob to add to my holding before it heats up some more.

Without a lot of digging, I guess that the Accounting Standards Board decided that where a company has a significant amount/number of leases, the shareholders should be aware of them and the "value" thereof. This makes sense to me (retired accountant) and the way to do it without messinng up double entry principles is to put that value in the Balance Sheet as both an asset and a liability. Loads of businesses lease stuff all the time and of course interest rates are completely irrelevant. Personally I think it's a joke because the average shareholder would be utterly clueless as to the significance of the exercise.

Hmm, just been to their website to have a glance through because it has not been working too well lately. Well I have to report that someone has obviously been busy because it is now a whole lot better than it was a month ago and clicking through for further details/reviews on a product is now working well. Have a look at their low price but good own label 18v drill to get an idea if you want.

Too true - occasionally Questor gets it half right. But many tradesmen use it too and the so called "analysts" are more likely waiting to see:- 1. A full year's results and 2. For their website to be sorted which is somewhat urgent IMO. No matter, I decided to have a punt with £5k before it takes off.