The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
After reading the RNS my immediate thought was that GR is either chilled or sweating - the agreement is seriously skewed to Canmax but only if targets are not met. Imo its backs to the wall stuff and if anybody was looking to invest in a company who had issued an RNS like this then I suspect they’d walk away but for LTH’s hopefully most are sitting on a bet to nothing having sold part of their holding at some stage to cover original investment.
I’ve dipped in and out of Prem for a few years - not trading, just cautious and with more than a soupçon of FOMO vs FOLS (fear of losing shirt) . I value all opinions positive and negative that are backed up with explanation or a perception of perceived expertise who show balance in their shorter posts as oppose glibly consistent forecasts in either direction.
That’s why I value Raydaar’s input as much as Acker’s , Snowking’s and such like. However, openly dissing all well explained opinions is madness and what really matters are the lines between the RNS’s and hence why I sold out at 0.61p . A GLA sign off on any investment smacks of gambling and a sentiment I never see in eg : The Investors Chronicle.
Just seen that my stop loss or essentially get out even invoked earlier at 0.60p and now rallied by 5% from opening drop. Bit disappointed to be honest to be out but concerned there will be further need for cash injection- plant improvement costs will be foc but all other costs will still need to be covered and in the meantime and a bit like my home improvements I was mindful to budget an extra 50% over original quote but that has gone thx to various factors - will Prem’s latest estimates have any headroom? Experience suggests not. Personally, I need to see how out it plays out but with a degree of fomo.
He drinks a Whiskey drink, he drinks a Vodka drink
He drinks a Lager drink, he drinks a Cider drink
He sings the songs that remind him of the good times
He sings the songs that remind him of the better times
Roll on 10th May Tubthumpers .
If they go to the wall as you hope then you’ll lose your final third. Quite idiotic. Surely emergency debt reduction in high interest environment is a good idea? Let’s see, dilution maybe mitigated by year end results.
Part of the reason they are where they are now is that ordering last Christmas was anything but slick.
225p to 6.5p in 10 mths. Oversold or an accurate reflection of the reality of an unrelenting tide of problems that have piled so high they are now looking insurmountable.
Profit is sanity ! Losing mine in these rocky times!
Jamesy1980 - ‘revenue is vanity, profit is vanity and cash is king.’ £100m of cash in flow is great but not so good if the cash out flow to support that revenue generation creates negative cash flows. Not a sustainable position for long without cash reserves or lines of credit to weather a storm or two.
Dachshunds , hoops and floral designs are so passé. My wife was a big fan but in her words the range has become staid, predictable and boring. Do they have the resources to refresh / design new lines? How many wellies and boil in the bags waterproofs does a woman need .
Liquidity and refreshing a very tired looking range of clothing.
Same here, H&L are testing my loyalty and from feedback of others there are other more attractive platforms on which to trade. Always held back by being out of the market whilst my portfolio is switched which as I write suggests a somewhat arrogant and without justification that I will lose out!
Enjoy your holiday. Article in FT today firmly put the blame and ground services outside airlines control but having a negative impact on their ability to operate to their capacity as I have been banging on about.
Difference between Tui & Jet2 is that the latter use their own ground staff for baggage handling & check in appose to other airlines who contract out to Swissport. Tui have not oversold holidays they have been undermind by ground services.
Delays loading baggage , check in and security will eat into the time the aircrew are allowed to be in charge of the aircraft that includes time waiting on the ground and if that waiting time results in the crew exceeding their CAA regulated hours whilst in flight then a new crew have to be taken off standby to replace original crew.
The high number of delays caused by airports and ground services it’s inevitable Tui and other airlines will run out of available aircrew on standby in these exceptional circumstances - all airlines only have a finite resouce of aircrew but even then many may be surprised how many pilots an airline will employ to keep one of their aircraft operational - there us usually plenty of slack but situation is far from usual and Tui , Easyjet, IAG , KLM et al have not deliberately oversold they have sold to their capacity under the expectation ground services could meet the return to normal scheduling.
Anecdotal experiences of 3 couples are not going to extrapolate in a mass exodus of customers from Tui to Jet2 , in fact based on my experience it will reinforce opinion Tui offer a superior package and will see customers who seek alternatives during this time to return for their next holiday whilst not forgetting at least 90% of Tui holidaymakers during all these issues are enjoying a great holiday experience as promised they just dont happen to be your friends or of any interest to the media.
https://simpleflying.com/airlines-ask-uk-to-relax-post-brexit-worker-rules/
Shapps deflecting blame as his traffic light system did its best to completely cripple aviation and force airlines to cut more costs and increase emergency funding. Staff couldn’t survive the Govt reducing levels of furlough and strapped airlines couldn’t pick up the shortfall forcing staff to move on. Overarching it all we have Brexit the gift from Uk Gov that keeps on giving and preventing airlines relocating staff from EU bases to help address the staffing issues in UK . Its a pity the Unions dont pick up on these points and prefer to bite the hands that feeds them . All their members would be stuffed if the airlines hadn’t done all they could to survive 2020, the gross ineptitude of Shapps border controls during 2021 and like us all swim against the tide of a Brexit so damaging to be a monumental failure of state - an act of gross negligence and dishonesty.
Need to desist from the narrative that responsibility for flight cancellations lies solely with the airlines - we’re lucky we still have them or have a choice .
If anybody believes majority of staff shortages are not due to Brexit they are simply wrong, its the same issue as in health and care sectors.
Also the majority of the problems Tui have is that they use Swissport to run their airport services such as check in & baggage handling and it is Swissport who are having staffing issues and without whom Tui like other airlines cannot run their flights. It is not true to say Tui have oversold its more a case that companies like Swissport have under delivered.
However , for every company in the airline industry and those closely associated if they had not massively cut costs during the pandemic we wouldnt be sitting lamenting about impact on SP as the stock like many others would have gone the way of Thomas Cook.