Member Info for jollyspeculator

and yr suggestion that pe is 3-4 is flat wrong ...you are using ebitda ...it really is simplesz ...but of course others should do their own analysis and rely on neither of us

no you haven't...not to do with EV... ...your calcs are based on ebitda which miss huge costs... ...fcf (though imperfect) is a better error than ebitda... ....and somewhere between e and fcf the truth lies

tks...haven't changed from "structural bear" stance...asset prices are supported by unsustainably low interest rates...something must give imv...and in most scenarios we have a crash (delayed but not avoided)...I don't see slow transition...once investors smell the change in direction, liquidity preference will be an understatement.. ...but I have been waiting a while, and governments/central banks may wangle a little more time...but time/credibility in the bond markets is running out ...like the road runner cycling mid air ...fun to watch from sofa stashed with dosh ...excitable opinion only, of course

no it doesn't...ebitda is miles away from e lol...and in this case somewhere between e and fcf might be better measure ...one thing is certain ebitda is never the answer (other than for shipping finance c 1988)

some decent sized sells thudding in

good lt play...but worth waiting for sub 40p??

not a believable threat that DRAX closes down... ...they continue to pump out electricity at limited margin

my Jolly rubbishing of super cycle hype ...did the S Times rubbish it ten years ago? Interesting to know....

neither are going to be much help imv ....the funk in commodity markets dominates

and get on with it lol....this standoff between large scale seller(s) & canny buyers is dull ...why buy when there is/are desperate seller(s)..or so it seems.. ....have every sympathy with Ian's PoV

pulling majestically free ...holding super tight on

but are you buying more?...not selling aint going to help prop up the sp?

with goodness

sounds like misguided genius

PoV

just dig a little deeper pls...10 million would be a start ..if you believed in 2p as value, why not?

what I have in mind is way bleaker...full on drop in goldie production ...uniquely amongst all commodities the World needs no more gold...it is not consumed, and masses are stockpiled/traded above ground...the industry could shut down and the World would be fine lol ...just this side of that disaster, poor ol gdp would be stuck with no new supply of waste, no?

oh dear...I thought we were safe

nice 20% flip ...significant premium to investments, so market putting high value on this management team's ability to originate ...gla (esp fg01)

here: regulatory, market, management ...who is up to speed on the future evolution of BARK spreads or potential mismatch between US biomass prices and UK electricity power market? ...with relatively modest op profit margin and limited control (or visibility cf CCL change in Budget) over risks, I'd need huge margin of comfort ...but all this hasn't deterred those fine experts at Schroders and Investec lol...but then again hasn't Schroders been tanking up on HSP as HSP tanks??