Member Info for jedclampit

So is this good or bad for CNA, or good or bad for us the shareholders.
Energy prices will rise for millions of people across the UK in October, right at the start of the cold weather.
Regulator Ofgem said the price cap for default domestic energy deals would be raised to cover suppliers' extra costs.
The typical gas and electricity customer is likely to see their bill go up by £139 to £1,277 a year.
Charities warned the timing would hit struggling families hard, who already face losing an extra £20 a week from Universal Credit in October.
Prepayment customers will see an increase of £153, from £1,156 to £1309, the regulator said.
Ofgem chief executive Jonathan Brearley told the BBC: "The reason the price cap is going up is there has been a record increase in energy prices across the board, not just in gas and electricity but in petrol and diesel."
He urged customers to shop around for the best tariffs, saying there were big savings to be made by switching.

I guess there has been some bad news over the last 6 months for RR and a number of shorters were hoping for more bad news in the results. But many will say all the bad news is out the way and only good news is coming in ie, asset sales yesterday and good news today. The shorters have made enough money out of RR over the last few months, now it's the urn of the pi's to make profits on the rise out of the shorters pockets. So anyone now shorting might need the heads looking at.
Next stop fo rSP is £1.10- £1.20.

Just a few profit takers but it will pull up again in 10 mins. !

So is RR going to follow other days and fall back after lunch?

Maybe £1.20 is on the cards today !!!!!

Wow what happened there almost £1.10

Great set of results on top of the rns's about asset sales, I think the spread up to £1.20 might be an indication of what the market expects the sp to get to today. I hope!

Well this loks like some good news and have found a buyer but just need to agree the price, and yes it also see,s strange to announce today instead of tomorrow with results.
Surely it doesn't matter if it's with the results as the market is now closed anyway. Could be a rise on Thursday.

Doesn't read well does it, not much progress if any and now moving into a slow period of time and sales.
yes they sound very very worried about RSM and if it goes against them it could sink the ship, maybe that's why the directors still haven't bought any real number of shares and waiting to see if vog will still be in business in a few months.

It's funny isn't it that it always seems to be the Sky news guys that find out the latest business deals going through the markets. Well done to those guys / girls.

First , it's good news about a possible sale for berger, second how can a director buy shares now are we not in a closed period until after the results are announced, so how has she got round that rule.?

What about the £3bn debt. I can't see any higher bid before the vote when I think the takeover offer will be rejected.

I don't think we will see divi's for this year because of the high debt , but any mention of them paying divis again in 2022/2023 will set the trend and will be enough to push up the sp. I will be happy to see £1-10 £1.25 in a few weeks.
Now it looks like travel is almost back and sale of some assets in results should be fine for take off.

Centrica is like lots of other companies that over the last 5 years or so have bought their way through the stock market trying to keep everyone happy by building up more and more debt to what was it about £4bn You can only keep going for so long before it all catches up to you and without paying down their debt who knows Centrica could of gone bust and that's why it distroyed the sp. But now with debt down to £0.5 bn ish it stands a good chance to grow again.
But I do agree that the old bosses have driven this into the ground to keep their well paid jobs, and like many other companies / directors they should never have been directors as it looks like many just don't know what they are doing and as such should be fined and not paid bonuses when things go wrong.

Wow now £1.35 and must be sitting duck for a bid.

No nor can I , so current bid will fail on the hope of an improved offer but that may never happen and the sp will fall back but to what!!

So Mellow45, you are so negative could yo tel us why.
Is it that you bought these shares at £1.-£2, or have you been fired, or what?
For anyone that has bought these at 40p+ the future looks bright.

I think it's fair to say some directors / companies take on much too much debt as a plan to stop anyone making a takeover bid due to high levels of debt and as such keep them in good jobs.
This might have been Morrisons plan for years, and maybe the directors have almost come to the end of them ever getting the debt down on a trading basis, so why not take / approve a takeover deal.
After all when you read what very large bonuses they the directors will get for the agreed takeover and maybe even keeping their jobs, why wouldn't you agree it, but I don't think the major shareholders would block it.

Who says the assets are worth £11.306m, assets are worth what someone is willing to pay plus look at all the debt.
I believe this bid is worth about £6 + billion and about £9bn if they take on all the debt. The bidders must have a plan to sell off parts of the business / all of the business for more than £2.70 a share to whom?

Who knows what the sp will fall back to but it only went up from about £1.80 to the £2.60's because of the bid, if the shareholders reject this bid expecting a new higher bid that may not happen then I think it quite reasonable for the sp to fall back down.
As I said before if many now think the true value is about £2.70 would a bidder pay £2.70 to get their hands on Morrisons with the aim of splitting it up if they cannot get more than £2.70 for the parts.
So what would anyone split off , does Morrisons have freehold shores worth millions they can sell off and then rent back, will someone sell off all the small stores? just how would anyone sell off parts and what parts.
But if the plan will be to sit on the current set-up for another 2 -3 years and then to try and sell the lot to someone else for more than £2.70 a share, why not just stay with the current bod's. There are a number of questions here.