Member Info for ms_moneypenny

Is this worth investing in ?
https://www.thisismoney.co.uk/money/investing/article-11952003/MIDAS-SHARE-TIPS-Seaweed-food-make-pigs-happier.html

Morrisons have also announced cuts and it looks like Tesco and Asda will continue to cut management roles in stores.

Jobs will still be available for everybody who wants to continue to work at Morrisons, however, it's a way of paying them less. Shrewd move as these managers are highly paid when their jobs have continued to get easier due to technological advances. It needs to cut costs as it is losing market share and sales to Co-op, Iceland and the German discounters Aldi and Lidl.

If only they had ...... https://warpaintformen.com/

Sainsbury's will be banned from revisiting its botched merger with Asda for at least a decade after spending £46million on fees and other costs during the botched merger bid.

Tuffnells' second half performance is expected to be worse than H1 2018.
Historic underpayment in relation to a misapplication of national minimum wage legislation in Tuffnells with HMRC therefore provision amounting to between £1.0m and £1.5m will be made in the FY2018 accounts.
Closure of Pass My Parcel continues with 95% ceased by August 2018, however, provision of IT services to one client are expected to continue throughout FY2019.
With the new CEO in place a provision has been made for the completion of further organisation restructure.
On 11 September 2018, Tuffnells was fined £1.5m in relation to a fatality at its Brierley Hill depot that occurred in January 2016.
Full year trading performance to be below expectations therefore fall in share price today.

Settled its claims against rival SafeGlaze, which has agreed to change its name and rebrand fully. Safestyle had accused NIAMAC developments, trading as SafeGlaze, of trade mark infringement, passing off, misuse of confidential information, malicious falsehood and various other matters.
The settlement governs future relations between Safestyle UK and NIAMAC to prevent the possibility of any acts of intimidation or harassment of Safestyle UK representatives.

Management's argument that its core, fashion-conscious 16-to-24-year-old demographic would continue to spend on trainers and t-shirts whatever the economic backdrop has been heavily undermined.
These are undoubtedly challenging times in the retail industry and, in common with many other businesses.

Mulberry is setting aside £3m to cover the cost of House of Fraser's troubles. Mulberry operates 21 House of Fraser concessions, employing 88 people. It was owed about £2.4m when the department store collapsed and fell into administration.
Mulberry, whose handbags cost around £1,000, makes more than 70% of its revenue from the UK and that is why the £3m investment in South Korea joint venture will move its reliance on the UK.

Does David Stevens know about the prospect of Amazon launching a rival service by selling off a large chunk of shares ?

A new, joint-business entity in South Korea with SHK Holdings where Mulberry will own 60 per cent of the new venture and will invest £3.1m of a total £4.6m to “purchase assets and develop the business”. Mulberry Korea, which will become operational this autumn, will be headquartered in Seoul will help the flat sales in the UK as seen in the retail sector (House of Fraser, Debenhams etc)

The average washing machine uses 70 litres of water per cycle. With the current hot weather and drought a growing issue in the United Utilities area and water prices also going up; reduction of water is beneficial. As the UK is surrounded by water; I cannot understand why there is a water shortage.
Another company spun out of Leeds University over a decade ago. Xeros is a technology company, not a washing machine distributor. So it's intention is to move towards a licensing model, signing deals with big manufacturers and receiving a fee every time they sell a machine. Xeros joined Aim in 2014 at 123p and the shares hit 300p in 2015 and again last year, however, they have slumped since as they still have not broken even and can not see any profitably in the near future.

Tesco is targeting the growing number who live or eat alone by significantly expanding its range of single-portion foods selling solitary beef burgers and steak fillets, hand-sized packets of new potatoes and broccoli and even shrunk-down bottles of sauvignon blanc. Single-serve range has increased by nearly 40% this year to 430 products. This is driven by a 53% increase in the number of 45 to 65-year-olds living alone because of declining marriage rates and divorce. The UK with the highest rate of family breakdown in the West contributing to this unlike other European countries who help the family unit to stay together.

Ten single-let properties acquired for £55m from the ACT Foundation

Since the well publicised collapse of Farepak Food & Gifts in 2006 and the suspension of shares in 2007, the company has come back fighting. Its annual profit grew 4.1% last year as both consumer and corporate business performed well, increasing billings even though revenue decreased. Park is a cash generative business with a strong, debt free balance sheet.

Option Agreement signed with Bureau d'Etudes et d'Investigations Géologico-minières, Géotechniques et Géophysiques SARL (BEIG3) to earn-up to a 90% interest in the Projects. Under the terms of the agreement:: Stratex can earn an initial 51% of the Bibemi and Wapouzé projects by funding US$1.56m on exploration over 2 years ('First Option') - minimum commitment of US$0.56m within the first year Stratex can earn up to a further 39% (for a total 90%) interest in the Projects for further exploration expenditure of US$1.56m (or completion of a pre-feasibility study on one of the projects) over subsequent 2 years ('Second Option') BEIG3 to retain 10% free carried interest in Projects up to completion of Second Option or a pre-feasibility study on one of the projects Stratex to manage the project and BEIG3 will provide consulting and operational/logistics support via a technical support agreement; The Placing proceeds will be used to earn-in to the two early-stage gold exploration projects in Cameroon. Successfully raised £1.15 million before expenses and will apply for the Placing Shares to be admitted to AIM with admission expected to take place at 8.00 a.m. on or around 19 June 2018.

Total shorts still 12.04% https://www.shortdata.co.uk/company.php?isin=IE0003864109

Justdandy - They are sells which is not a good sign The BOD are only thinking of themselves and the amounts they have put in they will be taking out very soon in the form of salary and bonuses. This a service company venture with the objective of turning a profit as soon as possible. The BOD is there to represent the interests of shareholders, not to create jobs with large salaries as per the recent announcements and a corporate culture for themselves.

Main civils design work on the Phase 2b route to Manchester and Leeds is set to start in late 2022, and main civils construction works are expected to commence in 2024. The first passengers are not expected to travel on full HS2 services until 2033. https://www.hs2.org.uk/in-your-area/whats-happening-near-you/

Decided to close Pass My Parcel and wind down the associated Parcel Shop network. Senior executive changes - Mark Cashmore, Group Chief Executive will be stepping down from his position and David Bauernfeind, Chief Financial Officer, will leave the business with immediate effect. Meanwhile, Tony Grace will join the Group as interim CFO from Monday 18 June. The Connect Group said that Grace has “strong and relevant experience, most recently as CFO at Yodel, and previously in senior roles at Virgin Media and Telewest”. The Group plans to make a provision this financial year for all closure and onerous contract costs to be incurred in FY2019. Details of the ongoing contractual requirements and their associated costs will be confirmed at our preliminary results in November.