The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Master82 - do things your own way but not, please, at the expense of our company.
Doc - if you didn’t understand, maybe this is the wrong country for your investment.
That was a pretty dire affair, but I rather expected that; I guess we will see in the next accounts what proportion of our cash went personally to RY (which I think he swerved by in the Q&A).
Absolutely no chance of a return if this is rejected so bottom drawer for these after watching the opening price.
From RNS 11th March
Coal Supply Expressions of Interest:
The Company has received Expressions of Interest to purchase Phulbari's coal from both of Bangladesh's current Independent Power Producers, being SS Power Limited that operates the 1,320MW Banshkhali power plant and Barisal Electric Power Company that operates a 350MW unit at Barisal (with plans to add an additional unit). These represent some 27% of the present market.
Bangladesh currently has 6,035 MW of installed coal-fired power generating capacity with a demand for some 16 million tonnes of coal per annum, i.e., equivalent to the Phulbari coal mine's planned production. However, the long-term government plan shows an increase in coal-fired power to 11,830 MW which would require some 36 million tonnes of coal per annum.
The current coal-fired power plants include:
· Existing Barapukuria plants 525 MW
· Payra 1,320 MW
· Rampal 1,320
· Matarbari 1,200 MW
· S ALAM Banshkhali 1,320 MW (Independent power producer SS Power)
· Barisal 350 MW (Independent power producer Barisal Electric Power Company)
From RNS
“based on the latest delivery schedules, the team is set to conclude assembly and commissioning by the end of May 2024.”
Having been here for many years, would it be a first time something is completed early (albeit late)…?
Yes, it’s gone; perhaps the word ‘shaft’ didn’t pass muster…
Just responded to his crass posting
Thanks, Searcher.
Love the way it says “we must start coal production within the next two years”, then “If these proposals are approved at the highest level, coal extraction will commence within the next three years”
Decisions, decisions…
I believe this is Broadridge in the US.
My personal experiences dealing with them over my late mother’s holdings were a nightmare; it does not surprise me that the handling of this was shambolic and it should be looked into.
Of course it may be that only HL used them, so perhaps not materially altering the outcome, but it would be worth the Panel establishing how many HL votes against the Scheme were actually registered compared with the polling on here (although that number is not reliable either).