Member Info for Grayling

CDC pensions are very much on the agenda and I think they will become an acceptable vehicle. Of course the asset managers and other vested interests are against this as it cuts down the number of staff needed to administer the schemes and also limits the amount of commission/fees that these same people make when investment decisions are taken on a collective rather than individual basis. USS are also being pushed down this route and as the biggest independent PS in the UK, if they go, then everyone will follow.

Just a blip and no evidence of long term shift by institutional investors. Congratulation to those who bought in on yesterdays low. Long term this may not continue to rise in the way it has done over the past couple of years but should consolidate into a very steadily growing company with hopefully a progressive dividend policy. Britvic has also rallied a tad today after yesterdays circa 6% fall, but not as much as FEVR.

The �12B asset sale pursued as part of the Pru demerger will not result in any return of capital to shareholders but will instead be used to restructure finances across all areas of the business.

I would not worry too much, his only involvement with these boards seems to be moaning about his losses (or lack of gains) in SEE, a penny share of little consequence. He should buy into Minoan, then he would have plenty more to moan about.

Any thoughts on here. Good or bad?

That was a little uncalled for was it not?

Britvic is down some 5.57% on the day as well. Overall this was not a good day to break good results figures as the markets seem well spooked by geopolitical and world trade concerns.

This is in the forever fund until it reaches its full potential or gets taken over. Just sit tight, or if you are feeling flush, add a few on the drop(s).

Just issued with respect to intention of the Saudi Government to purchase 48 Typhoons

I thought Del's favourite tipple was Tia Maria and Lucozade!

More interesting titbits of news from those pesky press sources and all of it positive. Interesting to see that the losses that will be incurred as a result of the Trent engine reliability problems are being largely offset by a significant improvement in the profitability of Rolls Royce's German based Power Systems arm. This rather ignored asset employs over 11000 people and has seen a big upswing it business form the agricultural and construction sectors. It is entirely separate form the troubled marine business that RR is preparing to sell off. Meanwhile, Alvarez & Marsal which built its reputation by advising on the wholesale restructuring and bankruptcies of companies including Lehman Brothers is getting on with cutting out duplication within the RR white collar management structure. M & A is is known for �asking tough questions� and �getting our hands dirty� and do not have a reputation for hanging around.

Good news on the divi at 27.4p for the year (8.4p interim 19p final).

I would like to see this come from the overseas businesses as any headwinds are likely to be mainly domestic.

Good idea to sell some and diversify .............not sure about Britvic though as the product is truly awful. I know people who refuse to order a G & T in a pub where Britvic is the only choice. Thankfully such hostelries are now in a minority.

Thanks Mike, very informative.

I don't think it is overcooked at all, happy to hold for the long term with an average in the low 700s.

Surely this will drift down gradually to meet the likely strike price for the forthcoming rights issue? I seem to remember this being the case with the last one. Oh and if anyone is thinking of selling their rights as an option for cash, my missus did that (despite my advice not to) and got a very poor deal.

The top price reached by FEVR in the last 52 weeks was an intraday high of �26.85. Creeping back towards that, but expect some volatility, after all this is an AIM stock!

No top up for me, but this remains in the "forever fund" along with BP, RDSB, Pru, PHNX, FEVR et al.

East was very assured in speaking about the maintenance problem this am, plus the bill is considerably less than the analyst's feared. A good steer by him and yes the FT article certainly managed expectations quite well.