Lucky O and Robin. Appropose Robin's comments to Kalan, May I tell You a little story - right this is gospel true.
Ten years ago I had to leave my post as a Parish Councillor due to failing eyesight, but on one ocassion when Iwas chairman of the council, my wifr were invited to witness the "Passing Out" parade of a company of army cadets, salute to be taken by a Colonel of the regular army based at Liverpool. The personnel in the unit were all living at a local charitable home for deliquuants, but were very smart on parade. Having been congratulated on their performance by the Colonel, we were all inviyed to participate in a buffet lunch. I, and others were astonished how these young men, all under 18 rushed to serve my wife with all sorts of iiems from the table for her nourishment, to sit near her, ask her questions, and listen to what she had to say. She seemed to become a substitute MUM to them all !! Afterwards we were shown two of the houses in which up to six had their own bedrooms, but there was a sadness too in the air. One of the lads was approaching his 18th Birtday and would have to leave the school. His classmates were very concerned about his prospects when he was going to be alone, out on the streets and no one to care for him as they did. My wife and I could not suggest a solution which adn't already been discussed, but the law of the land meant he could not stay and despondecy ruled amonh his younger companions. There was no happy ending here, I am afraid. ----- YOURS, MAX.
Dear Lucky O. Thank you for your post today - a lesson to be learned by all readers, and should be saved for "Future" reference !! It is great to be able to ask colleagues like you for explanations such as yours, thank you for taking the time. ----- Yours, Max.
Hello Robin and Lucky O: Could you please explain the maximum limit for the DOW Jones. I have seen times when the DOW shut if the index fell catastrophically but never seen a a MAX ----- Yours, Max.
Capt H. Thank you for your post today about tyre wear, over a period, there have been some thought about Formula 1 Race Cars running on soft tyres, does this examplify your discussion on polution ? Motorists are always being told to check tyre pressures, should they be fined for not doing so? About a year ago a report was issued by Merseyside Police about a car driving along the M62 with no front tyres, and he was difficult to catch !! Did the driver not know ?? ----- Yours, Max.
Able and Mr TT. The rate charged for the amount drawn down will vary between 1.75% and 2.25%, depending. So choosing 2.0% as the actual rate, and assuming a LIBOR figure of 0.6665, the rate to be paid would be 2.0 + 0.6665 = 2.6665% which does not seem punitive, particularly since we are not a bank. Did the bank need to do Due Diligence before the agreement was made ?? Not yet checked on Reuters, may find time tomorrow hqve been having a sleep whilst supposed to be watching exciting talk by Tony Robinson tracking the Romans through the Lake District over which my family and I have often trekked, In mycase over Great Gable and Helvelyn. ----- Yours, Max.
One or two points. Multi-purpose is exactly right, the borrower (US) has to explain to a potential lender just what trhey propose to do with the finance made available, and so they have laid it out. The lender will offer certain terms and conditions on which the Board of Directors make their decision. The rate of payback will be based on LIBOR plus a % added on, but seemingly only on the amount drawn down from the £7.0M (possibly reaching to £12M). Trying to swat up on LIBOR seems to be akin to the DAD's Army mob trying to count the turkeys in a farm yard !! Any thoughts on all this ? Tomorrow or Monday, YES, lets put it back tp Monday like the Prime Minister, we can look at some technical terms, Able and i hope other posters will chip in we go wrong. ----- Yours, Max.
This download is self-explanatory:-
Submarine Oxygen Generating Devices Order
TP Group (AIM: TPG), the providers of mission-critical solutions for a more secure world, announces that it has secured a new order worth approximately £1.0 million from the Ministry of Defence ("MoD") to supply it with oxygen generating devices.
This order is for a further 750 multi-purpose oxygen generators, which are supplemental to the Company's other large atmosphere management systems which the Company currently supplies to the MoD and other global customers.
These devices will be supplied to the Royal Navy during 2020 as part of the estimated £22m framework contract previously entered into between TP Group and the MoD to manage equipment availability and provide spares for air purification systems, as announced by the Company on 3 April 2017.
Phil Cartmell, Chief Executive Officer of TPG commented:
"We are very pleased to see a further significant order under the long-standing framework agreement between the MoD and TP Group. This latest order highlights the enduring value of these arrangements and further illustrates how the Group provides long-term support and ancillary solutions alongside major systems, to provide an all-round service to our key customers
This order was received only seven days after the last order, looks like more woek for Westek . Perhaps our new-ish poster was right in his summary, we need to have a revolving financial agreement in place to sustain gaining orders in quick succession like this. The MOD may well be pleased about this agreement. ----- Yours, Max.
TP Group (AIM: TPG), the providers of mission-critical solutions for a more secure world, announces that it has been awarded a contract valued at c.£1.0 million from an existing long-term customer based in South East Asia for the supply of a submarine carbon dioxide removal system.
The work will be undertaken at the TP Group facility in Portsmouth for delivery at the end of 2020. This contact is part of a broader replacement programme.
Phil Cartmell, Chief Executive Officer of TPG commented:
"We are delighted once again to have secured this contract with a long-term customer in the maritime sector. It also demonstrates our growing reputation as a trusted supplier in a global market."
This announcement was made on 9th Jan 2020, just two days after the Saps Eclipse Suiye contract. ----- Yours,Ma.
Hi, Unhelpful Able, I am going to try to download the 7th Jan note for you to study tonight and over the weekend so you will be up to date on this, here goes :--
European Space Agency Agreement for ECLIPSE Software Suite
TP Group (AIM: TPG), the providers of mission-critical solutions for a more secure world, announces that its subsidiary, Sapienza Consulting Ltd ("Sapienza"), has signed a €2.2 million Master Service and License Agreement with the European Space Agency ("ESA") to renew its service provision and related licensing for the ECLIPSE software suite.
ECLIPSE is a suite of specialised software modules focused on space industry project management activities. ESA has been using Sapienza's ECLIPSE suite for ten years and this agreement extends its use of the system for a further three years across all its sites and Directorates.
Phil Cartmell, Chief Executive Officer of TP Group, commented:
"We are very pleased to continue our work with ESA and to support its activities through our industry-leading technology and services. The Sapienza team has established a key role in the European space community and this award underlines its contribution to and reputation in this rapidly evolving and dynamic market."
Please note. The suite has been used by ESA for ten, Y.E.S TEN years and is a [roduct of SAP. Now an extra three years work will ensue through ALL Sites and Directorates of ESA!!! Isn't that sensational ?? Particularly having read a report today that the UK government is consideing establishing its own space systems, having been SHUT OUT of the EURO zone's "Galileo" space system. So, TPG through its 100% owned company, SAP, is treading where the UK gov can't !!! ----- Yours, Max.
DID everyone miss or simply ignore the share benefits for Scamp the Dog, how many cheap shares are available is not stated BUT what about the Free 120 share given as well ?? OH, I get it. He isn't being honest is he, he is living up to his user name. AH, well let us ignore him as he probably is elsewhere. ----- Yours, Max.
I will try to download some comments I found about the Royal Mail Group (RMG). Here goes.
Today's musings.05 Mar 2020 14:05
In regard to madasaballon's link: yes indeed it certainly make for very unhappy reading; although on the plus side of things it does mean more shares for me through the employees share plan scheme...tax free and devoid of any noticeable broker fees of course. Oh, and not forgetting the extra 120 free shares -- all rather nice!
Need to somewhat readjust my outlook from "long term" to "longer term"...but what the heck...I can afford to wait. Unlike others, and not mentioning any chief rampers up to their ears in borrowing, I am in no rush to cash them in.
On a brighter note: just put a great big X into the "YES" box; I have no particular appetite for a fight with RMG...but the bigger the "YES" vote the more chance of imposing upon them an urgency, one fervently hopes, for serious and determined negotiations at the very highest executive level.
I confess I don't hold out much chance of that now. Common sense, it seems, has now been replaced by illusive double-talk and deceitful innuendo...all of it coming from the company I might well add.
Posted in: BLOE
Which director bought? And how many? And when?04 Mar 2020 14:33
And what on earth is being implied here? I cannot see any recent "Directors Deals" being executed...or is someone on here referring to "free" director shares?
Posted in: RMG
Today's musings.04 Mar 2020 13:01
Still talking the price up, Fruitster, I see...and still refusing to acknowledge the impact of impending industrial action. What a strange chap you truly are.
Well , today is the day: the day the strike ballot papers start landing in thousands of hallways that is. This is going to be a fast "turnaround"; in two weeks time we will all get to know the result...but there again we already know the result don't we.
Hovering around the "all time low"? That's a laugh! :) There will be a "new" all time low sometime very soon if there is no resolution to what seems to be, at present time, a complete impasse.
Is that surprising ?? ----- Yours, MaX.
Scampi, your messages are as worn out as the original Conservative Parties call to arms during WW1. I hear a rumour on the grapevine, that a wide spread srike is imminent in a major company who seem to think they are about to give us all a dose of the virus by pushing you little deadly packages through out letter boxes. Will you be able to justify your actions i court if they cause an outburst of the disease in tight knit communities. Better get yourselves some high personal insurance cover to protect you and your families. ---- Yours, wonderingly, Max.
7th Jan 2020 it was announced that SAPIENZA had signed for an extension to cover the next three years using SAPs software suite (Please add name here) following ten years of use so far. Any comments on this development and the need for £7.0M finance from HSBC? ----- Yours, Max.
Tricky !! -- Splendid notes from you. OH, I thought you meant Poxy, perhaps you did. I am still trying to identify who you mean by "Joe Blogs". Perhaps you mean Gordon Brown ?? He didn't bail them all did he, Barclays ran to the Middle East and got finance there. I believe they had some trouble over that recently. Can you remember when that financial crisis began ?? If I recall correctly it began with terrible mortgage scandles in the USA. some "LENDERS" !!!! would practically call people from the street and offer them a mortgage, and so began one the biggest fraud systems on earth. Sherriffs of small towns would gather a small growd at the entrance of the Town Hall and auction off houses almost as people were still living there but not paying for them. I think Bloomberg, free at the time, would show maps where houses were being sold and flagged them up. Later, the fjnance companies made up packages of the "mortgages" and sold them to finance companies in the uk. These later became known as "Toxic" packages. How gullible were the management teams of that time. Perhaps lessons have beeen learned ?? ----- Yours, Max.
Thank you for your cheerful messages! I have recently tried to assess my individual longevity, but with no clear conclusions.
Having now had three years to miss my lifel;ong loving companion, we were married in Februiary 1952, She was inflicted with Alheimers disease, my immediate family have been very helpful and challenging, as have friends like you and some others on these boards. This very latest decline in shares, generally, can be attributed to the Virus attack, I believe. It would seem, however, that some individuals may have been somewhat thoughless about their movements, sad to say. I asked my son how the Emperor Penguins on the outside of their circle at the south Pole will fare when they try to move inside and are told "Self-Isolate, you intruder" !!
The so called emergency meeting of Cobra had to wait until the Newnie Prime Mininster was good and ready !!
Has the crisis passed ? I knew it would, Houray for UK Democracy. ----- Yours, Max.
JD: A financial report from New York on Friday quotes the the following :-
"Constellation Brands makes a beer called Corona. The sales for last week (when many shares fell sharply) actually rose 5%" SOOO don't necessarily believe the papers. ----- Yours, Max.