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Why should we be able to buy a vehicle, as now, that is well capable of breaking the 70 mph speed limit?
Think we need to remember that whilst 70mph is the legal limit in this country, most vehicles on our road are either imported from or exported to countries where the speed limits are far higher. It doesn't make sense for any manufacturer to produce vehicles purely for the UK market or introduce a 'governor' limiting vehicles' speed. The limiter is the driver & if everyone obeyed the speed limit (now there's a radical thought) it wouldn't be a problem.
Most cars built after 2001 can cope with 10% Ethanol without any modification, but surely this is only a short-term solution. EVs are definitely not the long-term solution they claim to be as their total carbon footprint from beginning to end of life (including production of electricity to charge them) is worse than current ICE vehicles. The oly true green way forward is Hydrogen which is a limitless resource & hydrogen powered ICEs not only produce no pollution, but also clean the air they intake. Only by-product is pure water. Win- Win-Win.
Shell needs to get into gear backing the research of hydrogen-powered ICEs & the most efficient way of producing that hydrogen. BTW some houses in Japan already have their own hydrogen generators to create the hydrogen, burn it & create the electricity they need. Any excess is sold to the power company. Easy peasy.
Snige. You clearly have no idea what you're talking about. Your comment is clearly not based on facts & will be offensive to many hard-working loyal LBG staff, who subject to most people's opinions are not well paid in comparison with many other financial industries. Lloyds does not create additional share to fund either Sharesaves, Share bonuses or any other form of share remuneration for LBG Staff. These are obtained by way of the Bank buying back or allocating unsold shares for this purpose. This is the way it's always was during the 43 years I worked for Lloyds and always will be. To create new shares requires a proposal/vote in favour at the AGM and that is something most shareholders would not agree to. Also many of these shares are retained by staff for many years (as I did) thus helping in some small way to stabilise the share price as fewer shares are available for trading. So as not to make this a massive tirade, I would suggest you check your facts first before posting anything!
Whilst I welcome any news that is good news, it still doesn't change the fact that we have no tangible progress of any note that has secured income for the company. Ferguson may be leaving (getting hot in the kitchen? good news!) but we have had several new placings over the years none of which have produced any results and cost us money(?) Only an actual result that has a positive effect on the SP is acceptable otherwise the rest of the BoD should follow Ferguson's example and walk away.
Good point hlm - before I retired I was employed by a large multi-national company who paid a basic salary and then performance related pay on top. And this wasn't a gravy train - all improvements were minutely scrutinised and checked for long-term sustainability before they parted with any PRP. Maybe the problem here (like many other companies) that our BoD are paid (whether it is cash or shares is irrelevant) irrespective of their performance - and other interests can be prioritised as there is no specific target-based performance they are required to meet. With other interests in other companies (including service companies who are being paid for what exactly - and they won't tell us) they are getting away with what can be construed as legal asset-stripping with no accountability.
Yes steve, some of us are sitting on massive paper losses - my £26 is currently only worth £1.4k. At one point I would have needed a price of 29.120p to break even, but I've managed to average this down to 23.220p now.
Whilst this is the only share I've ever lost money on, I'm not experienced enough or willing to throw good money after bad when all I see is the equivalent of asset stripping. I hope I'll be proven wrong, and have a (realistic) target price at which I will exit and cut my losses. Good Luck all!
Thankyou bigpat. I'm not the only one hurting on here, and I'm pleased/lucky to say this is the only share I've lost big money on over the years. I did my research, thought I'd got it right, but clearly not - my bad. The current issue of more shares is just yet another dilution, so I've set my price and will walk away at some point having learnt a valuable lesson.
No surprise here. The BoD will strip this companies assets, bankrupt it and walk away with fat pockets from their fees and pay cheques. As usual with a lot of AIM companies, the only losers will be the Shareholders.
I'm surprised though that the BoD haven't sold their own share holdings earlier, but maybe their earnings will more than offset their losses. Legalised Asset Stripping.
Given their past/current performance and how much money they're costing us, if I had my way they'd be lucky to be allowed to stay at a Tr@avelodge and at their own expense! Gleneagles probably cost us a fortune. Talk about adding insult to injury!!
I'm sure that a change of name will transform this company and all of our lives for the better. And if you believe that, you'll believe anything, just like we've been doing for years!
I've said it before and I'll risk saying it again. Unless something radical changes in the next 12 months there is no other conclusion to come from other than this company is being legally asset stripped. It would be interesting to know who these companies are who are receiving charges and seeing if any of these can be linked back to company officialdom (no matter how tenuous the links may be). Come on BoD, prove me wrong!
As I have said before - sadly this looks like another company which is being legally asset-stripped. All too common nowadays and it's the shareholders like us who suffer. Currently £20k+ down on paper.
I've said it once before, but I don't believe the Bod have the will to move this forward all the time funds are available to maintain payment of their salaries / expenses. The fact that we have sold assets and not replaced them with anything that has a revenue stream says it all. Like many other companies this could be viewed as a legal form of Asset Stripping. Unfortunately I'm in too deep for too much to walk away, and I won't try and average down as I don't now have that sort of money. I did my research, I thought this would be ok and it's my fault I'm in the position I am. My other shares are all doing ok - this was just a bigger risk that has failed so far. My Bad. AIM is not for the faint hearted.
Sadly, like many holders of this share with no way out unless they are prepared to make a large loss this situation is past being a joke. The BoD report nothing of any note, appear to be doing nothing, sell off assets ( not always at a profit) and lose our revenue streams. At the same time we are paying for services and they are still drawing remunerations and salaries. In most companies that would be seen as covert asset-stripping. And at the same time the MMs are clearly holding the share price down. I could average down and throw good money after bad, but I don't have those resources now., and am increasingly disillusioned with this BoD and Share. One day...…….
I'm sure this has been mooted already, but if we shareholders have to lose our 2019 dividend, why have AHO and the directors not done the right thing and given up their annual bonuses / taken a short term pay cut as other banks have done? After all they are hardly adding value to this Bank ( as shown by the performance of these shares over the last few years). Maybe it's about time we had a big shake-up at the top - they've got far too complacent with their snouts firmly in the trough.
If it's any consolation I followed the rules (as I usually do), did my own research and put over 40K into this share. I've managed to gradually bring my exposure down to £29K and my current holding is only worth £2K. It's savings, but still a lot of money. What have I learned? Whether I lose everything / gain some money back AIM (after several previous near misses) is not for me again. I'll stick with the likes of LLoyds / Shell where the risks are far lower, a steady income / capital growth is there, and the market is regulated to stop people like us from being 'robbed' by companies using our monies to pay massive service charges for what seems to be very little return and large Bod salaries for directors who seem to just treat us with contempt. Good Luck everyone and I hope some thing good eventually comes out of this.
Email sent adding my 103,936 shares.