The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
"Your point being ?"
Where is the dividend coming from, if the income is already sold off?
It's an old paving scam.
Fitting the edge of the pavement is where the work is.
They lay out the tiles in the middle, so it looks like the work is 80% done.
They ask for 80% of the money, saying it's for the materials.
You never see them again.
Did you see the Turner Pope placings for Alexander Mining?
It's the same crew.
"We would draw your attention to the various disclaimers in the document both at the beginning and at the end of the note. Retail clients (as defined by the rules of the FCA) must not rely on the research document. In particular you should note that the research document is a non-independent marketing communication. The analyst who has prepared the research is aware that TPI provides research to eEnergy Group plc. Accordingly the research has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibitions on dealing ahead of its dissemination."
"Marketing Communication
Your Capital is at Risk"
"This is a non-independent marketing communication under the rules of the Financial Conduct Authority (“FCA”).
The analyst who has prepared this report is aware that Turner Pope Investments (TPI) Limited (“TPI”) has a
relationship with the company covered in this report. Accordingly, the report has not been prepared in accordance
with legal requirements designed to promote the independence of investment research and is not subject to any
prohibition on dealing by TPI or its clients ahead of the dissemination of investment research
Turner Pope was doing placings for Alexander Mining AXM, the predecessor of EAAS. Both are AIM listed.
COVID-19 should be boosting broadband usage. COVID-19 ending should reduce it.
BREXIT means more e-commerce internationally, but I don't see a significant impact on BT.
I would say dividend is the major factor.
Pension as a liability on the balance sheet is next.
This is a shrinking factor, as retired recipients pass away, and the new hire pension regime become more dominant.
Barring fiascos like the Italian scandal, my expectation is the infrastructure upgrade will mean a much more reliable network, requiring less maintainance. The redundancies actually reduces the pension liability further.
Freshly revamped infrastructure, low overheads, cash generating.
If the valuation stays low, somebody will make a hostile takeover.
Buy it for £3, break it up for £5.
"The terms of the Facility provide for SUSI to purchase the future receivables arising from new Light-as-a-Service ("LaaS") projects in the Republic of Ireland across the education sector, other public bodies and a range of commercial sectors. The payments by the client are always funded by the customers' energy savings. The Facility will cover new projects installed for the next three years or until the Facility has been fully utilised, whichever is earlier."
With solar panels, the cowboys were "renting the roof" of house owners to establish the FIT cashflow, i.e. future receivables, which they then sell off. When the inverters die, and the roof leaks, they have disappeared with the money. from selling the cashflow.
When you value EAAS, you think there is a steadily increasing dividend stream coming, but that is now sold off.
They could be on the level, and will be using the money to fund future projects, boosting future dividend, but there is a possibility that they will simply take the money and run, leave everybody in the lurch. If this company intends to carry on, they need to start paying some dividend from the payments coming in. Selling the income stream and not paying dividend makes me vervous.
Every sperm is perfect, every sperm is good, and if a sperm is wasted, God will be quite irate.
1% will die, when infected, if there is no medical intervention.
The world population is 7.7 billion, so 10% is 770million., and 1% is 77million.
0.1% is 770,000, which is the death toll so far.
All this faffing around, we will probably end up with a big death count any way.
Lock down is like holding your breath under water. You have to come up for air, and that's when Baba Yaga gets you.
If they can just accept a number below 77 million dead is a win, and manage the situation, like getting the young infected, so we can use their plasma (blood) with anti-bodies to treat the serious cases, we wouldn't have to borrow hundreds of billions, and the economy carries on. Not everybody have it bad, some people just recover after a bad case of flu.
The real joke is, they were sending plague ships into the safe harbour of care homes. No PPE for care homes, because they were reserving them for the NHS. with caring like that, please don't bother.
InterTrader Limited of Gibraltar.
137,297,441 shares, 3.314%, up from 0.874% .
At 10p, that would be £13.7m
At 20p, £27.4m
A Cullinan and a house to park it in.
Mr. Big is in town.
"I assume you don’t include yourself in that 7 billion reduction."
https://www.bbc.co.uk/programmes/m000dl6q
We are in this mess because too many people are allowed to live, when they should have died, if Nature had its way.
Chris Packham gives his own father as an example.
He allows the NHS to treat his father, because he is as selfish as the next man.
The world's supply of clean air, water and food will shrink, as Climate Change takes hold.
If you can cull the human population to fit the resources in advance, you can avoid all the unpleasantness that comes with fighting for survival.
In the present, a clear thinking government will allow Nature to help reduce the State Pension burden.
It is also a great relief on the long term care costs plaguing many advanced economies, especially Japan.
All Boris Johnson had to do was to follow the Swedish approach, and we will be nearly finished with COVID-19 by now.
Without the need to borrow hundreds of billions.
In fact, I expect a budget surplus, from the reduced pension and care costs.
"Why was 75ohm chosen as oposed to smaller diameter 50 ohm cables ?"
It's homework from 1985! I barely remember this explained the need for a 75 Ohm Terminating Resistor.
Something like the integral into infinity sums up to 75 Ohms,
so putting on a terminating resistor is like you have an infinitely long co-ax.
"You obviously know next to nothing about the copper network and equipment used"
For my degree, they made us do maths to work out the interference immunity of twisted pair, and work out why co-ax has 75 Ohm impedance. I even did half a module of wiring loom theory and practice. All university stuff 40 years ago. I'm the one that is forever shouting at builders not to put signal cables next to mains cables. They just sneak the cables in when I'm not looking.
"That is disgraceful. You can’t wish for that. Stay off the mushrooms and apologise unreservedly"
I do wish for world population reduction by 7 billion.
The survival of the planet depends on it.
As Sir David Attenborough has said, without oil, the Earth can support a billion people, based on the energy supplied by the sun.
https://www.bbc.co.uk/iplayer/episode/m000l465/panorama-britains-coronavirus-gamble
If we did nothing, 500,000 dead in the UK. A missed opportunity.
It used to be that I get a phone line put in, and nothing needs doing for years.
There was a "flood" , so the wires shorted, and burned out, so a major re-wiring had to be done.
I was passing the green cabinet, where the engineer was working away.
He told me only a very limited number of pairs still survive, so I needed to call in pronto, and get a job set up.
First come first served, so the neighbours could be waiting weeks before re-connection.
Fair enough.
In the last few years, I have been getting broadband disconnection frequently.
After multiple OpenReach visits, it seems the connections outside the house are just flaky.
The patch panels are old, and ned replacing. This means the engineers are wasting their time just fixing flaky contacts.
Fibre to the premises means that it could last forever.
When the Time Machine turns up at the Morlocks and Eloi's time, it could still be working.
No more flaky contact visits. Redundancy galore. Drastically reduced maintainance costs.
New BT employees are put on lower cost pensions, so hopefully the pension liability will gradually reduce.
Poisoned Kissagrams
__________________
A COVID-19 infected Kissagram turns up at BT pensioners home. Happy birthday, kiss, kiss.
Pension department has the list.
Hire a department head who is willing to send the Kissagrams.
Drastically reduced balance sheet pension liability.
Last year, I had a look at the nearest green cabinet, with an OpenReach engineer. It is rotten to the core, so no wonder I was getting a bad connection. The engineer had to work hard to find a solid connection for my line.
I can see that putting in a new rack means they have to re-wire all the existing connections, which is just asking for trouble.
Personally, I find it hard to believe they cannot make money under COVID-19.
The whole country is relying on the internet.
Even after COVID-19, people will be working from home more.
Never mind, they are very smart.
If there is a way to sxrew up, they'll find it.
Like saving a few quid by not upgrading my cabinet.
"My mum used to work for BT many moons ago and has good things to say about the company. "
Talking of ex-employees of BT, the pension liability is the major millstone on the company's balance sheet.
They keep trying to reduce the generous pension, which is a legacy from the good old days, before privatisation.
If your mother retired with a final salary pension from BT, it is probably index linked., like a civil service pension.
https://www.btpensions.net/benefits/pension-increases
If I was on an index linked pension, like that, I would be singing BT's praises, too.
On the other hand, if you are just a BT.A shareholder, you would be stabbing a voodoo doll , and hoping COVID-19 clears out all the pensioners.
So, if you bought BT.A, it would be a conflict of interest.
Well, not if mummy has outlived her usefulness, and you need a big house for a growing family.
It takes about the same skill level to swap out lights as it does to put in partitions.
If an office wants to put in partitions with no upfront costs, it's the same funding model.
As you upgrade an empty office, whether it's lights or partitions, the workers are at low risk.
Plenty of carpenters and shop fitters not working, wink, wink.
Last week, I saw a mini-shopping centre in Staples Corner, near M1 Junction 1, having lots of ceiling lights replaced.
No idea whether it's got anything to do with eEnergy.
I think commercial landlords get some kind of tax break if they make energy saving upgrades.
I have no doubt eEnergy can sign up punters who pay up monthly.
The problem is, they can simply pocket the income, and say they are keeping it for expansion, but use it as collateral for building up debt. On the balance sheet, they have strong cash flow, high reserve, but at the right moment, they could pay big bonuses to the directors, then siphon off the money, then sell eEnergy for a £1.
From such a small base, there is plenty of scope for revenue to go ten fold, though.
So, if they never pay dividend, and just keep borrowing from banks and doing placings, you know they are planning to disappear soon.
A few good RNSs, they could triple the share price.
MetaLeach is worth something.
Anyway, we are all looking to see what game Nigel Burton is playing.
Some sort of planet saving technology just waiting for funding.
Toothpaste without microbeads?
It looks like they are running for an election.
10 million is good for an army.
Greta Thunberg will need an army of Planet Savers when she grows up.
Instead of taking a beach head, they will hack their way into servers.
Onward BT sol-l-diers,
March as to War.
Because Nigel Burton and his mates bought in at 0.02p, HALF PRICE.
They now have more than 50% of AXM.
Conspiracy Theory: .He will asset strip it like a pole dancer, hump and dump it, so the share price will rocket briefly. Gather round, put your pound in the jar, and wait for the show.
"Probably, like a lot of long term holders, he's disillusioned, ****ed off and has no intention on selling because at this decimated price there's no point..."
Believe it or not, I tried to buy 10m at 0.025p, but just missed out.
Just topped up 2m.
RTO is an interesting ruse.
The least that should happen is the share price should match break up value.
Let us say a Placee bought 50m shares at 0.02p for £10k.
Let us say they sell MetaLeach for about £5m, so the share price is now 0.1p, roughly breakup value.
He (or she, #METOO) sells 10m shares for £10k, so he has all his money back, but still have 40m shares.
He now has the option of letting NB talk the share price up, and sell the rest for more.
For LTHs, we should at least hope for selling at 0.1p.
"You are no mug, be great to sit and talk with you lol."
ICL1960S is a mainframe computer with 64K of core store.
My operating system is MAXIMOP, which predates MS-DOS and Windows by at least two decades.
Thank you for the invite, this means I have passed the Turing Test.
I am now a real boy. Cheers.
Down the hatch, splitz, dxxxx, oh no, my fuse is blown.