https://www.bloomberg.com/news/articles/2022-11-20/lone-pilots-flying-passenger-planes-solo-is-prospect-for-near-future?
(But it may be firewalled unless you're a subscriber)
From an article in Bloomberg. Hard to see that such legislation would not include DMS (PMS?).
'Airlines and regulators are pushing to have just one pilot in the ****pit of passenger jets instead of two. It would lower costs and ease pressure from crew shortages, but placing such responsibility on a single person at the controls is unsettling for some.
Over 40 countries including Germany, the UK and New Zealand have asked the United Nations body that sets aviation standards to help make single-pilot flights a safe reality. The European Union Aviation Safety Agency has also been working with planemakers to determine how solo flights would operate and preparing rules to oversee them. EASA said such services could start in 2027.'
A lot of talk about energy security and renewables but then applies a 45% levy! The devil will be in the detail.
The statement was that the levy was on 'older' renewables so (sensibly) it will not be on the CFD income. Will this tax be deductible for investment (as for oil and gas producers) though?
Hopefully the company will issue an update for their prediction of the impact of these measures.
Increased capacity at existing sites is very positive as it implies that there is strong demand.
It also counters the point made about needing new content at the moment as the operators clearly believe that the existing content can continue to attract visitors.
There is an expectation that the nav will fall (already starting to see this), it is not expected to increase at least for the next year but probably longer (this applies to nearly all reits)
API's debt refinancing was awfully timed and so was expensive. The manager did say that the dividend cover was Ok this year, but the question is what it will be like going forward?
I have seen the point made that at the moment you may be better served holding the debt of reits rather than the trusts themselves.
I am still holding some of these but was not planning on adding until there is more clarity next year.
It's a fair point but they have developed the Gorilla Trek more recently.
Let's explore HBE still seems to be selling on Amazon and ebay (although this will be irrelevant once sold). The attractions are aimed mainly at children, and each year another new batch comes along...
I am sure they will be developing new experiences, but this year was all about getting the business on a sustainable financial footing.
It looks like they have opened a Gorilla Trek at Chester Zoo which I don't think has been rns'd . It looks container sized so 6-8 seats? which will be enough to push the over the 500 seats they expected to hit this year.
Somone certainly wanted some! a £37K delayed trade reported from yesterday @36p.
I top sliced a few that I had added after the Director (+trading) update in October. I am keeping the rest for now as airplane manufacture is looking OK and I think that there is a lot of potential for additional alternative applications going forward.
The easiest way to look at this is the excess as a percentage of the number allocated in the offer (as this will already be in proportion to your holding).
Provided you asked for an excess of the maximum amount possible, you should have received around an additional 86% of those in the original offer.
The placing is around 25% discount to the asx price. $140M is underwritten. Probably now held by some of those shorting it since the beginning of the month! The last time we (lse listed holders) were not eligible for any under the entitlement offer, hopefully we will not be locked out this time.
It looks to be a December update (below).
I think the -
"The business is in a strong position. Velocity has continued to trade as expected in 2022. We are progressing well with expansion opportunities. The Company plans to announce a trading update in relation to the year ended 31 October 2022 in December 2022."
-at the bottom of the Director Change rns was the key to the turn around.