Member Info for Hardboy

I did the calc on compound interest and to reach $5b they need to grow sales by just over 8% each year. So if they do 6-8% in the first 3 years they'll have to up it a fraction thereafter.

"The holding in Action won't be realised,"

Action is getting to be a huge business, they must be considering listing as a plc. That would make 3i do something with their holding.

The way I read 3i's price action is every time they release a set of results it reminds the market how over priced it is on fundamentals. So the price drops, then investors realise the income 3i are earning, the asset value keeps increasing and the dividend they pay keeps increasing, so they buy back in. I thought it was an excellent set of results, but not surprised the sp fell.

5 years ago when I bought in it was overpriced, but now that entry price looks a steal.

I'll be there - only 15 minutes from my home

I'll be there - only 15 minutes from my home

Just found him. Not a US football coach. Not a UK artist. He seems to be a US investment guru who'd made his money in Bitcoin.

Anyway, he's upped his stake by £2m, and his stake now is worth about £17m.

Who is he?

Just acquired £2m+ of shares in the company.

The silver lining to the buybacks s after this morning's RNS they'll be getting more shares for their money!

Excellent sums Alessandro. Looking at this year's figures the only thing you missed is the one off cost of reducing head count. (Presumably their will be some redundancy costs.)

Pedro:

"Fatprofits...they would not have bought prior to today, as that would have been stupid to buy higher. ...So, as you say know that any purchases today will not have been notified to the Investors yet,"

It would also have been illegal and they would have been barred from being directors. Directors can not buy if they have price sensative information (like putting together this trading update) which is not in the public domain.

I've never seen such a long detailed Annual Report. But basically everything going in the right direction

What I see wrong with Nigel's argument is that sometimes people take their car on a long journey, or even take it away from home on a holiday. If you live in Yorkshire and go to Cornwall for 2 weeks - the car will need public chargers, and what about sales reps and service engineers, who are living in hotels most of the week?

Which store is it?

Besides if there is some significant news in the offing it's effectively a closed period and they can't say anything.

Sadly it's been put back, and that does not send out a good signal. If there were problems with the audit, they should have been able to announce that in advance, and even now they have not given a new date - just before next Wednesday.

Very poor.

Who said they are selling at 65? I think they described it as a strategic investment. Unless they are desperate for cash, they should hold till they can et a better price.

Sounds like a bigger job - presumably more money; and he's a money man. At least we have over 6 months to find his replacement and hopefully have a good handover period.

What's the betting we get someone from Croda?

There was someone on Business Live today from JCB talking about how to fill pot holes so the repair lasts. It all sounded very much like the kind of thing Somero could be doing. Is this a market opportunity?

Yes that sounds more likely, but I did mean prison:

https://www.bbc.co.uk/news/articles/cly77v0n8e9o

I have not seen anywhere anyone making anything of the fact that the ship's captain who is responsible for the collision is Russian.

He's gone quiet. Maybe he's back in jail.