2 autumns ago, I joined in with some olive harvesting - spanish friends and their family, not commercial, no money involved, just love ... well, I ached in places I never knew existed. Flipping hard work when you're not used to it.
bighammer, thank you for your response. I'm totally au fait with commercial and industrial. I just can't get passed the need for a more pro-active risk management strategy with the house builders. In this climate the cost and control mindset might be better with a shift over to a more pro-active risk management one. All those reservations "off plan" that are partially built, why can't they be finished? Surely the longer this situation drags on for, the higher the likelihood of losing the sale? A private builder, with firm reservations surely wouldn't be downing tools, unless the government directive dictated otherwise. Think I read somewhere that the reason for some of the house builders site closures were on the basis that they were unable to police the PHE guidelines. If that really is the reason, then pro-active clearly doesn't form a part of their vocabulary.
In the 1980's when I lived in Pembrokeshire, many of the staff used to take 2 weeks of their annual summer leave "to go on the spuds" - a new one for me, back then - so it wasn't just the unemployed who provided a workforce for local farmers. Tradition and extra £'s was the name of their game.
Tom, wasn't it the case that the house builders closed their sites and then the brick manufacturers acted by closing their factories? From a supply and demand perspective. If houses were bought off plan, are part built/finished, and the factories were still producing bricks, the government hasn't closed down construction, then why couldn't those already sold be completed? When things return to normality, there must surely be a huge lag due to the delayed unfinished works that will have a further knock on effect in getting things running smoothly. This isn't about building a stock of unsold properties its about finishing what you started surely?
Tom, there appears to have been a general lack of clarity of the government guidelines. Construction workers cannot possibly work from home. The government guidelines don't stop them. If PHE guidelines can be adhered to and the employers adhere to all guidance for their employees - including their subcontractors - then if the workers are fit and healthy and free of symptoms and happy to carry on, in order to stop the economy and their own finances collapsing, why shouldn't they. Are we saying the brick manufacturers are unable to operate within PHE guidelines?
unable to operate within the PHE guidelines then? I am unable to locate a government directive that states construction sites must close. Surely the implementation of new site rules that are fully compliant with the PHE guidelines, would enable sites to be operational? What's the difference between industrial/commercial constructions sites, that remain operational and house builders that aren't - in their working practices?
If you are really fully aware of the current state of play, then there is one simple question: " are we in a period of economic stress?" Binary response. The management of risk when the answer is YES is already scripted, most especially after the last disastrous period. Your point is not validated. It's easier to make a couple of reversed entries on a set of accounts and retain the earnings, than make a distribution in a world of unknowns - and definitely before record date.
To draw comparisons it would need to be apples for apples. Barc went ex/d on 27th February, followed by the record date and the payment to be made on 3rd April. Lloyds has not yet gone ex/d so not yet recorded. A dividend can be suspended up to the record date.
RE: Humour is the best medication.28 Mar 2020 14:03
envisage a photo of POTUS
" ... My test was negative. In fact it was sooooo negative, that the doctors said that they never saw a negative number so low! It was perfect; perfectly negative. Actually it was hugely, perfectly negative. And tremendous too! My doctor said it was the best and greatest score of anyone who has ever taken the test ..."