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Just wondering what happens if nothing transpires within the 6 month period.
Have had a look at AIM Rule 15 and 14.
Also some case history recently-look up the RNS for Beacon Energy (BCE) dated 28/11/22.
They were previously Advance Energy and failed to complete a RTO within their 6 month period of becoming a cash shell.
Not de ramping, just trying to cover all the bases here and suggest other LTHs do the same as nothing is guaranteed unfortunately-especially with AIM.
Saw the article-sounds like he is running out of steam as needed to set the level of complaints against the total number of flights and to compare this set of figures if possible vs the other budget carriers.
Pulling out of Doncaster airport w/p a great deal of warning some months ago might also have skewed the figures. But agree that Wizz does need to get its act together as surely it doesn't want this negative PR legacy hanging over it
Buying the line is good-an example of forward vertical integration -another cog in the process of being able to control the whole process from extraction to delivery to the customer.
ORM valued at around 50% of cash, with reduced cash burn compared to earlier years (see RNSs).
Is the market so dull s not to be appreciate this?
"Our peak trading weeks are ahead of us"-just a one liner from the RNS to help support those who feel that the drop has been overdone.
Can't offer any help MM but if you look it happens every trading day.
They are late reported I imagine because if they are reported as they happen then huge buys or sells cd de-stabilise the market.
FTSE 250 well down today although the 100 is up a bit.
Things never go up in a straight line of course so patience is required rather than anxiety.
Appears to be based on one bank only Wells Fargo. Plus the 90% down is conveniently being compared to the figures around the time of the release from "lockdown" leading to the post Covid housing boom.
Media relies on selling doom and gloom and journos are notoriously lazy about checking stats and context.
Volume builders in UK are well set if there is a substantial fall-off in demand as their financial situations bear no comparison to 2008.
Ex div today.
2.4 p approved at AGM today.
I make that 6.85%
Maybe shorts being forced to close?
It's actually 100,000 per month that are experiencing coming to the end of their fixed rate deal. I make that 1.2 million per year.
Check the facts if you want!
If you can access the article-EZJ boss in S Times yesterday hinting/speculating that some European airline (other than EZJ of course) could fold over the winter months.
Have a look at the chat on the EZJ b/b.
Sorry rxdav
Started typing my message a while ago (fat fingers and 75 plus!!)
Just trying to clarify what is being said here.
I'm assuming the initial rate was 2.8% and it has now doubled to 5.6%
Whilst the mg rate has doubled the monthly amount to be repaid certainly won't have.
I'm hoping that the media who have already confused people enough with the fuel price fix do not go on to panic especially first time buyers, who may be relatively inexperienced in these matters, with headline stories about massive increases in their monthly repayments.
As an example there will situations where a variable rate (hefty) mortgage will have been recently achieved on the basis of two incomes---but then life throws them a curve ball and the mg is no longer possible on the basis of the one income etc etc
Yes-it will get difficult for many segments of the population but at least at the moment there doesn't appear to be the prospect of high unemployment rates to accompany high mg rates.
You sound like me rxdav.
Hang in there.
Don't panic.
Got my div payment via ii on Monday.
It's 5.44 pps
I think the risk of a "collapse" in house prices would be much more likely if it were combined with raging unemployment. (I am old enough to remember mortgage rates and economic/employment situations personally and GB wide from my first mg in 1977 to the present-albeit with a sometimes fuzzy recall!)
The media as usual is content to give us half the story and then to set it in the scariest of contexts.
For the 300,000 or so coming out of a fix over the next 3 months it will of course be a shock.The majority of these will have been in a 5 year fix at historically low rates. So assuming:
1. They have had a good record as regards meeting their repayments
2. Their salary/ies will have increased over the 5 year period-so affordability criteria should have improved-unless they have had a whale of a consumption time enjoying low int rates
3.The property will most likely have gone up in value so their LTV ratio will be moving in their favour
Then what's to stop them (assuming they cannot really afford the new repayments on their maybe 25 year term) to obtain a new deal over a 30 year term. )
OK that would increase the payments over that extra 5 year period but most mortgagors build in an over-payment option which could be on the cards when things get back to some sense of normality.
Question:
Do I sell BDEV today and miss on the div and buy back cheaper tomorrow or hold for the 25.7 p div?
Answers on a post card please!
"This is Money" report (2008) said av house prices fell from £62 k to just over £50 k from 1989-93.
I make that a 20% fall.
For those able to buy up distressed sellers properties at auction during this period then it is entirely possible that the mindset would be set at around 50% rather than the verified data of 20%
Click on Fundamentals -it gives you the total number of shares Divide £150 m into the no of shares.