The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
https://www.rolls-royce.com/investors/rights-issue/full-rights-issue.aspx
Nice pictures with easy time line.
BUBBLE PSYCHOLOGY & PROCESS
The current tax structures provide a very clear advantage for corporations which allows them to retain a minimum of 14% more revenue annually. This is a huge advantage for any profitable US corporation when one considers all aspects of tax laws. Additionally, President Trump changed the system from a “global” to a “territorial” structure. (Source:https://en.wikipedia.org) This provided additional tax reductions for multi-national corporations and prompted US companies to stay within the US. These new tax laws had a major impact on the bottom line after-tax revenues for thousands of US companies over the past 3+ years.
Yet, one has to earn a profit to be able to take advantage of these tax law changes and the COVID-19 virus event has put a serious dent in the earning capabilities of thousands of the US and foreign companies. The Redbook YoY data, representing Retail and Consumer Merchandise activity, has continued to post negative levels that appear to be far greater than at any time over the past 20+ years.
https://www.google.com/amp/s/amp.cnn.com/cnn/2020/06/24/health/us-coronavirus-wednesday/index.html
Will be sub 30p if this trend continues.
https://www.cnbc.com/2020/06/19/uk-retail-sales-rebound-in-may-public-debt-passes-100percent-of-gdp.html
Not so Great.
Thank you for contacting us. Your email has been passed to my team to respond.
As outlined in the publication, mutualisation has been triggered for both England & Wales Renewables Obligation (RO) and Scotland Renewables Obligation (ROS) in relation to the obligation period 2017-18. In line with the Orders, suppliers who discharged part orall of their obligation (YU is part of this category of suppliers) are required to make quarterly payments to cover the shortfall.
The first mutualisation payment was due by 31 August 2019. The fund will be redistributed to suppliers in proportion to the number of ROCs presented to discharge their obligation. The same mechanism applies to the payments we will receive by the 30thNovember 2019, 29th March 2020 and 31st May 2020.
Thanks jjj,
https://www.ofgem.gov.uk/system/files/docs/2019/03/ro_annual_report_2017-18_final_v1_1.pdf
Page 76 shows how much paid Yu paid last year. Nowhere near 11m. Have to wait till end Oct to find out any late payment required.
Yeah last years article dated 22nd Oct 18. Any suppliers who did not meet their obligations in full by 1 September need to make a late payment by 31 October. Showing a short fall of 102903 that required late payment. ( no idea how they work out amount required). Expect next article late Oct 19. Might not even be a shortfall this year and assuming the date this year are same as last year. Then company will know.
Company RBS credit card declined 3 times.
Try yours
Well company credit card does not work. Declined by issuer.
Anybody else having problems the TCG company credit card.
3. What can we do?
I can’t sit here and guarantee success.
I can confirm that all is being done to seek that.
So, what we can do to give the best chance of success in this is still keep delivering a safe flying programme.
Can we also be conscious of social media please, the press team have flagged that comments by us are likely to find their way to publication at the most critical time.
I hope this note helps us all in having a continuing common knowledge of the issues people are raising with me. If there’s anything bothering you personally that you’d like to discuss, or something I haven’t covered which you think other colleagues are concerned about, then please get in contact with me.
Please keep doing what you do, leading.
2. Can we talk about some specific exposures in the event that the recapitalisation, or any other option, was unsuccessful?
Before I start this, I need to say that there is huge focus and effort going into ensuring the recapitalisation is successful and that we can get on with building the airline we all want to see.
However, you have questions and I have a responsibility to answer them to the best of my ability, so that you can lead our crew in continuing to deliver the safe operation for our customers that is essential to that future.
2.1 What’s my personal liability for the Company Credit card as a Captain or First Officer?
We’ve confirmed with our finance team that there is not a personal liability on you for charges reasonably incurred on Company credit cards.
2.2 Who’s responsible for hotel accommodation charges
The Company is.
2.3 In a scenario in which operations had ceased, however unlikely, how do I get home if I’m down route?
The Company has the duty of care to make arrangements to get you home.
In the past hour I’ve also confirmed that there is a firm, and independently guaranteed, commitment in place to cover these costs in any scenario that could arise.