Member Info for mick-b

104 days after been fined £90m for dumping sewage into the environment and less than 12 hours after Gov voted to protect water companies and not our rivers, SouthernWater were dumping sewage at 60 different locations along the south coast of England.
https://twitter.com/Feargal_Sharkey/status/1451087699759226880/photo/1

Remember to put your clocks back to 1972 tonight, so that the time matches up with daily life.

OPINION POLL
https://twitter.com/mikegalsworthy/status/1454707408807374851/photo/1

CHEERS !!

https://twitter.com/bmay/status/1454455057081065474/photo/1

They are the sewage

Johnson telling the EU that France may be breaking international law which is something he is very much in favour ofStrictly in a specific and limited way....:-D))

UK’s ‘dirty little secret’: 55% of UK fishing quotas have long been sold off to foreign boats. They are owned by Spanish, Dutch or other EU firms.

This row has little to do with helping the British fishing industry.

It’s all about political posturing.

The United Kingdom government is preparing for the collapse of the largest corporate victim of the energy crisis so far, Bulb Energy Ltd, according to industry sources quoted by Sky News on Friday.
Discussions have reportedly been held with potential rival company rescuers such as Ovo Energy, Octoptus Energy and Shell Energy Retail, however liabilities of approximately £1 billion have made it a difficult sell.
The government may invoke the Special Administration Regime (SAR) for the first time, which would guarantee Treasury funding for the company while administrators search for a restructuring deal, investor, or a transfer of the 1.7 million-strong customer base.
Breaking the News / IB

It isn’t just interest rates causing Sunak a headache this morning, as more nasties emerge from the budget. The Times also goes big on analysis from the Institute for Fiscal Studies showing that after the chancellor froze the higher-rate income tax threshold, some 1.3 million more people will end up paying the higher rate. The Resolution Foundation finds the average household will be paying £3,000 more each year in taxes by 2024-25 — more from the FT’s Delphine Strauss on that. In his Times column today, James Forsyth warns Sunak has “pushed big state Toryism to its limit.”

BBC report on NHS prescribing e-cigarettes for smokers looks like big news for Supreme (LON:SUP), which is the clear market leader in UK vaping (something like 1 in 3 UK vapers use Supreme’s 88vape brand). Supreme (LON:SUP) already supplies Her Majesty’s Prisons across UK, so they should be well positioned to win another UK government contract from NHS. They put out a trading statement about 10 days ago saying trading had been particularly strong with “significant year-on-year growth in profitability”. Consensus EPS for this year looks too low to me in light of that statement, my modeling shows EPS of more like 15-16p. So, high quality stock with huge growth opportunity is trading on about 12x this years earnings.

Begbies Traynor (LON:BEG)

Issues it's Q3 Red Flag report today

"562,000 UK Business Facing Financial Distress in Q3 2021 with Dramatic Rise in Court Action Fuelling Insolvency Concerns"

GYG (GYG) bidder pulls out. GYG agrees that now is not the appropriate time to progress a potential offer. "GYG is close to reaching contractual resolution on the major refit project and in advanced discussions on the two New Build projects." Co can then update outlook. Doesn't think it needs fundraise in the foreseeable future. [SP=67 Cap=31m]

OTAQ (OTAQ) a customer gives termination notive on acoustic deterrent devices contract. [SP=36.22 Cap=12m]

Caribbean Investment (CIHL) proposed delisting due to low volumes, cost of listing. Will still trade on the Bermuda Stock Exchange. [SP=38.86 Cap=52m]

SysGroup (SYS) guides H1 rev down 16% but adj EBITDA in line with mgmt exp at £1.34m. Sees FY adj EBITDA in line. [SP=35 Cap=17m]

SkinBioTherapeutics (SBTX) commercial launch of AxisBiotix-Ps, its probiotic food supplement to help psoriasis. ""The launch of our first commercial product is a momentous occasion for SkinBioTherapeutics." [SP=74 Cap=116m]

EP Global Opportunities Trust (EPG) details on mooted tender offer: up to 20% of shares at 2% disc to NAV. [SP=282.4 Cap=103m]

In line: MTW

pre-market FTSE 100 is DOWN 0.46%

Irish trade continued to shift away from the U.K. and toward the rest of Europe in the first nine months of the year, according to data from Dublin Port. Britain now accounts for about half of all cargo shipped on pallets or in containers, down from two thirds before Brexit.

as in the METAVERSE
https://www.cnbc.com/2021/10/28/facebook-changes-company-name-to-meta.html

Forestry investment trust seeks up to £200m in IPO

An investment trust focused on forestry assets is seeking up to £200m in its initial public offering (IPO).

Foresight Sustainable Forestry Company would focus on UK forestry assets and target a net asset value total return of more than CPI inflation plus five per cent per year on a rolling five-year basis once it was substantially invested. Its investment manager, Foresight Group, is already known for its work on vehicles such as Foresight Solar Fund (FSFL) and JLEN Environmental Assets (JLEN).

The initial placing, offer for subscription and intermediaries offer open today and are expected to close on 18 November.

Investment trust IPO plans continue to come thick and fast, especially in alternative asset classes. Earlier this week Atrato Onsite Energy, a vehicle focused on the installation of solar panels on the roofs of commercial buildings and the sale of the energy generated, announced an intention to float. It would target an annual total return of 8 to 10 per cent in the first financial year after its IPO, and over the medium term.

The trader, Investor's Chronicle

Brexit(-4%) will inflict worse long-term damage on the British economy than Covid(-2%) - Office for Budget Responsibility.

After a report finds Test and Trace ‘failed its main objective’, thousands of management consultants say that’s simply not true as it made them much, much richer.

Thank God I gave up 10 years ago.....

Lloyds Banking Group posted a better than expected profit for the third quarter as Britain's economy rebounded from pandemic lockdowns, in Chief Executive Charlie Nunn's first set of earnings at the bellwether bank.

Britain's biggest mortgage lender posted pretax profits of 1.6 billion pounds ($2.20 billion) for the July-September period, compared to 1.3 billion pounds in an average of analyst forecasts. The lender reported a 1 billion pound profit in the same period last year.

https://www.google.com/amp/s/mobile.reuters.com/article/amp/idUSL8N2RO29P