George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
sorry to be a thicko but I dont focus on dividends. I do however have a few thousand MRW shares bought a week ago. So I see I'm now eligible for a dividend payable on Nov 9th - do I have to hang to my shares until then to get it?
is it relevant that TStrain and DPotts have bought shares recently, I dont know. Either they know its a good move based on what they think/ know will happen or they think that by buying now it will instill confidence in the company at a time when its needed. I'm sure directors undertake the latter but not sure the average director would put this amount of hard cash in without good financial reason.
no they didnt...all I can say was there was 3 emphasis from the conversation that stood out 1) dont sell the shares 2) it would go down the road of private equity etc 3) MRW were in a lot of bother. 4) MRW prop portfolio is massive. Very opinionated on all 4 points. I dont know how much info managers glean and how much of it is unfounded gossip and I wouldnt at all place any credence on what these guys say as it may all be just canteen chat. On the other hand who better to keep finger on the pulse. Certainly it wasnt a case of MRW are a basket case and get out whilst you can.
biggest problem with Lidl; etc is being a victim of their own success ie full car parks and long checkout queues. We have one near us with 5 tills. My wife chatted to a checkout girl last week, she told her during weekdays they have 3 staff yes 3!!!! in the whole store on a shift which includes the manager and these 3 people have to do tills, shelf stacking and cleaning at end of shift and they are run ragged. Unbelievable but presume this is where Lidl score over the big boys. Also she said Lidl make most of their money on the crates of Lidl crap down the centre of the store. ie household items and gizmos.
chatting with an ex Morrisons manager today who had been with the company 15 yrs. he does keep in touch with ex colleagues so gets the low down on whats happening. His emphatic advice to me was 1) keep my shares (very insistent on this) 2) morrisons, it is felt, will go down the road of private equity buy out or merger, sale etc. 3) the company is very very strong asset wise. They are struggling ALOT and 5 yrs is being talked about in terms of turning it round. Does this make anyone feel better?! doubt it but thats from the horses mouth so to speak!!
the likes of morrisons need to capitalise on the failings of the discounters. ie locally we have a Lidl, tesco, Morrisons. Yesterday I needed some bread and went relunctantly to Lidl. I say relunctantly as I knew I would have to queue for ages and sure enough thats what happened. Lidl have a policy of cutting costs to the bone thus their staff levels are tight = less tills = more queues. Tesco/ morrisons straight in, buy and out again via self service tills. there are lots of people that are time poor and wont mind spending more to get instant service.
I guess I'm making the point that HSS is woefully behind TP if ladders are representative of what they are offering. The very fact that TP have free carriage whereas HSS charge £22 each way kind of tells us all we need to know as to where HSS are in the hire market? I'm sure I read that TP were really pushing the Hire business very aggressively - this must be bad news for HSS.
Travis Perkins is moving more into hire. I hired a 9m ladder for 1 day cost £31 from TP and they delivered and picked free of charge (3 miles per trip) HSS would have charged me nearly £50 for the collect/ deliver alone.