The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Erm, sorry, too much red wine, I've got a CBR900RR.
flipping Eck. I can't even recall my own bike!
No more wine. Hic...
I had an R6 but I wrote the bike off skidding across cow sh**!
Trust me, that wasn't my finest hour.
And, I currently own a CBR1000RR but it's a 97 model. Oldie but goody.
Apologies all for the bike chat, but I figure it's a weekend and rules may be more relaxed...
Anyway - COME ON IAG!
24/02.
Reppyrr,
I've been eyeing up the modern retro Triumph Thruxton 1200RS.
But, if I really had to, I'd accept a Panigale....
"15 Feb 2023
Greencoat UK Wind PLC (LSE:UKW) has been left with significant surplus cash for reinvestment following its conservative approach to higher wholesale energy prices last year, according to analysts at research house Kepler.
Keeping dividend coverage at 3.2 times for 2022 while wholesale energy prices were rising, boosting revenues, should mean it has £394mln in cash to invest.
Kepler estimates net assets are up 31% in total over the full year even though it did not hedge electricity prices and they subsequently fell.
Greencoat “captured high prices during the last year but having seen electricity prices come back significantly from their highs, [its] conservative approach looks to have paid off,” analysts said."
https://www.proactiveinvestors.co.uk/companies/news/219589/greencoat-uk-wind-on-the-rise-as-institutions-clamour-for-renewables-219589.html?INVESTING
Tui, the world’s biggest tour operator, said that summer bookings are ahead of pre-pandemic levels as customers shrug off cost-of-living concerns after years of limited travel.
Even though prices are higher than they were before the pandemic hit, Tui on Tuesday said that bookings in the past four weeks had exceeded 2019 levels. Travellers from the UK and Germany led the resurgence in demand. Up to 8.7mn summer and winter bookings have been made.
First-quarter revenue at the company hit €3.8bn thanks to positive winter and summer bookings, while earnings before interest and taxes were €158.7mn, compared with €274mn a year earlier.
Tui’s bullish outlook follows news of strong trading elsewhere in the travel industry. Low cost airline Ryanair has reported record profitability while easyJet forecast a return to annual profit after three years of losses following “strong and sustained” passenger demand.
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Summary
Q1 2023 underlying EBIT of €-153.0m delivering a strong improvement year-on-year (Q1 2022: €-273.6m) with an encouraging booking momentum across both Winter and Summer seasons.
3.3m customers departed in the quarter, an increase of 1.0m customers versus the prior year and 93% of Q1 2019 customer levels on a like for like basis1. As a result, average load factor for the quarter was 85% (Q1 2022: Load factor 79%).
Group revenue of €3.8bn, was up €1.4bn on the prior year (Q1 2022: €2.4bn), reflecting the strength of demand and a return to a restriction free travel environment achieving levels above pre-pandemic levels (Q1 2019: €3.7bn).
Q1 Group underlying EBIT at €-153.0m, up by €120.6m and thereby close to half the prior year loss (Q1 2022: €-273.6m loss), with almost all segments contributing to the strong improvement.
Hotels & Resorts reported a third consecutive quarter above 2019 levels and was up year-on-year, supported by good operational performances across the hotels businesses.
The recovery in Cruises continues with the segment achieving a third positive quarter since the start of the pandemic. As a result, the business recorded a strong improvement against last year driven by higher volumes as well as improved occupancies with a full fleet back in operation.
In Markets & Airlines results were well ahead of last year supported by higher prices and volumes with Central and Western Regions above 2019 levels.
Net debt of €-5.3bn as of 31 December 2022 was broadly in line with prior year (31 December 2021: €-5.1bn).
We re-confirm our expectations to increase underlying EBIT significantly for financial year 20232 supported by an encouraging booking momentum.
8.7m bookings3 have been taken across both the Winter and Summer seasons whereby Summer is, as usual, at an early booking stage.
The start into the new year has seen significant booking momentum with record booking days online in both the UK and Germany. Volumes overall in the last four weeks are now above pre-pandemic levels at +5% for Winter 2022/23 and +10% for Summer 2023, with higher prices, underlining the popularity of our product offering and a testament to the importance of travel for our customers.
Our commitment is to be industry-leading in achieving net-zero emissions and we aim to achieve this target across our operations and supply chain by 2050 at the latest. Our 2030 Science based targets have been validated by the SBTi for our Airline, Cruise and Hotel operations and are detailed below.
"Q1 2023 underlying EBIT of €-153.0m delivering a strong improvement year-on-year (Q1 2022: €-273.6m) with an encouraging booking momentum across both Winter and Summer seasons"
All the best.
I still need to hit £2 to get to my average.
All the best.
All the best Lloyds.
It's always a difficult question to put to yourself when you finally get back to break even.
When you're looking at your loss, all you wish is you timed your buys better and or you'd be happy to just break even and recoup all your money.
And when you did break even, that's when the big question comes!
I also hope we don't slip back to £1.50, and for me, our next quarterly results will dictate what my short to mid term position will be.
All the best pal.
GRQ.
I've been a long holder of UKW, and I've bought since the lows of £1.20.
I appreciate that may not be 'low' but this share has slowly, but steadily, inclined over the last 3 years. As you know, it's been complemented with a FTSE beating dividend.
Renewable energy is a strong market to be in with a long term future, and UKW provides that ideal investment.
Costs of development and refurbishments are high but so is the revenue.
This must ge a good, long term investment with arguably more upsides than lows.
The only thing that pains me (but it's a good pain to have) and that is I'm always averaging upwards because the Sp is generally increasing!
All the best.
GRQ
I would imagine certain regulars (the good, the bad and the ugly) are sin binned for their squabbling antics.
Have a good weekend all (is anyone out there.......).
GRQ
https://amp.theguardian.com/business/2023/feb/02/british-airways-and-virgin-to-fly-daily-from-uk-to-china-again
These daily flights are likely to be good financial business.
GRQ
Morning, Donalb,
TUI does have cruise lines and they own their cruise ships.
All the best.
People taking a position before the results are due?
I think it's a very fair, and safe, bet to say, that TUI are going to produce some meaty financial results on 14/02.
Prior to their last quarterly RNS, TUI brought out a news reel saying how their results had exceeded expectations, and I wonder if some similar news will be provided ahead of the 14/02 update.
All the best.
GRQ.
https://www.google.com/amp/s/uk.sports.yahoo.com/amphtml/news/iag-ftse-100-best-cheap-071756310.html
https://investingreviews.co.uk/news/potential-iag-shares-2023/
Nice profit Hawkwind1964.
I'm up just over £4k.
I could cash out as I have enough profit to pay for my new Turkey teeth and hair....
Speedygon,
Your tax bill on that level of profit will be inordinate!
Good luck, Sir.
Speedygon,
You've got £100k invested?!
Flipping eck!
And, hats off to you for your current tidy profit. I have a feeling this kind of amount of investment is normal to you.
All the best with your position.
P.S let us know when you sell (and I'll quickly sell mine first....).
GRQ.