Member Info for mick-b

The growing use of food banks in the UK is “rather uplifting says Jacob Rees-Mogg
As one in 14 Britons used a food bank amid 'shocking' levels of deprivation

Theres 38 different types of duckweed...so maybe thats why your fish don't eat yours...
pity that!!

Small amounts of duckweed may be beneficial as they can help reduce excess nutrients, control algae growth, improve oxygen levels, and even provide shade and predator protection. The problem with duckweed is that is can be difficult to maintain, and if your pond is already very high in nutrients or has problems with water quality, it can spread at lightening speed.
https://pondinformer.com/how-to-get-rid-of-duckweed-ponds/

GOOD LUCK...and you'll need it, not an easy job
ATB

AGREE!!!
This is a better offer than Randgold shareholders received
They got screwed with nil premium all share offer

ATB M8TY

2X2

Broker research - to save me crunching the numbers, I've glanced at a new note just published on Research Tree. Key points;

EPS forecast - down a whopping 46% for 2019, but only 17% for 2020
Net debt estimate up from £52m to £85m
Bank covenants possibly under pressure, STAF may seek a waiver

My opinion - I don't hold, but if I did, I would sell on the opening bell.

I'm not keen to own any share where bank covenants are potentially an issue. Also, with business seemingly declining in a tight labour market, this doesn't look a good sector to be in. Could be read-across for other staffing agencies perhaps?

Now we know why the former CEO sold out, perhaps?!

1x2
Staffline (LON:STAF)
Trading update - this is an interesting comment re employment, which actually sounds rather good for the country (more secure, permanent jobs for people has to be for the social good), but bad for STAF;

The ongoing Brexit uncertainty is impacting the UK labour market and led to a number of customers transferring a significant volume of their temporary workforce into permanent employment to mitigate the risk of that labour market tightening. Typically, this reaction to uncertainty tends to reverse over time, but we expect it will continue to impact temporary worker demand throughout the current year.

New contract wins slow, blamed on delay to publishing 2018 accounts. Really? That doesn't sound realistic to me. Do customers even check the accounts of a temping agency? I'd be surprised if they do;

There has also been a slowdown in new contract momentum in the current financial year, which the Company largely attributes to the impact of the delay in publication of the 2018 Full Year results. The key outstanding matter in finalising the results relates to the Group's historical compliance with National Minimum Wage Regulations 2015. This is a complex area and management, in conjunction with HMRC and supported by an independent advisor, are assessing the significant amount of historic data and transactions, which will then be subject to audit.
So a complex problem is ongoing.

Some signs of hope, buried in this management-speak!

Notwithstanding these current headwinds, the Recruitment division is beginning to see the definitive benefits from the Company's market-leading approach to worker engagement and digitally enabled candidate attraction. Management expects this strategy to result in increasing differentiation and to support future growth.
Incidentally, I've just googled "management-speak", and I'd like to pass on this gem, to use when you need a duvet day;

I don't have much bandwidth today so I'm going to stick to collaboratively promoting key differentiators in an ever changing marketplace by delegation.

(NB, this is NOT from Staffline, it's from @managerspeak on Twitter)

People Plus division is struggling in 2019, but sounds more confident about outlook for 2020.

Full year outlook;

The Group experiences seasonality in its trading and typically earns only approximately 15% of its earnings in the first quarter of the financial year. The April performance is therefore a key initial indicator as to the full year turn out, and with visibility of that trading, and as a consequence of the broad range of factors highlighted above, the Board now expects the Group to deliver adjusted EBIT in the range of £23 million to £28 million for the financial year ending 31 December 2019.

Broker research - to save me crunching the numbers, I've glanced at a new note just published on Research Tree. Key points;

EPS forecast - down a whopping 46% for 2019, but only 17% for 2020

Love the BBC
Advert Freeeeeeeee!!!

We both heard the same thing!!
lo!

BOJO is odds on favourite
But the early front runner rarely wins

PRAY FOR BLIGHTY LADS!!!!!

DIRE end to a very poor week !!

Banks across Europe, are all having a bad time

IMO - A UK steel industry is a 'strategic asset', like our shipyards that build our own warships, and should have some form of domestic-market baseline. Our steel should be made mandatory within our huge defence industry.

Greybull had been negotiating with the government for the loan, a source said, adding the government wanted Greybull out of the picture before putting more money into the business for fear those funds would eventually end up in Greybull’s hands should the steelmaker collapse.

Greybull are British Steel’s only creditor at the holding company level and have secured their loans against its assets.

The UK government has a chequered history with Greybull, after the collapse of the firm’s airline Monarch in 2017 forced the government to repatriate more than 100,000 stranded tourists at a cost of about 60 million pounds.

“In light of events over the past few weeks, it is clear Greybull needs to do the right thing by getting out of the road and let those who are committed to our industry work to save the business,” the union Community said in a statement.

https://uk.reuters.com/article/us-britain-steel/british-steel-collapses-after-failing-to-secure-extra-funding-idUKKCN1SS0Q1

Greybull had been negotiating with the government for the loan, a source said, adding the government wanted Greybull out of the picture before putting more money into the business for fear those funds would eventually end up in Greybull’s hands should the steelmaker collapse.

Greybull are British Steel’s only creditor at the holding company level and have secured their loans against its assets.

The UK government has a chequered history with Greybull, after the collapse of the firm’s airline Monarch in 2017 forced the government to repatriate more than 100,000 stranded tourists at a cost of about 60 million pounds.

“In light of events over the past few weeks, it is clear Greybull needs to do the right thing by getting out of the road and let those who are committed to our industry work to save the business,” the union Community said in a statement.

https://uk.reuters.com/article/us-britain-steel/british-steel-collapses-after-failing-to-secure-extra-funding-idUKKCN1SS0Q1

The missing 4 letters spell a rather rude word

Good on Yeah bud !!!!

he went to GREGGS to buy their tasty vegan roll

Looks like their clearing the decks for another leadership race

As leader of the house