Member Info for NickRubens

Trading at the Gym?
Mkt worried this company is in a terminal decline. If it's wrong, then it looks cheap. Good luck with your second 'day' trade. He who dares.

Usual nervousness ahead of finals, coming on the 7th March.

I think the results will be good and might even include another special dividend. I'm staying put for another year or two.

What's wrong with these protests is,that these are people who have benefited in life from burning fossil fuel in terms of clean heating, cooking, electricity, travel and economic growth which has produced for them all the mod cons, and they now want to effectively block the same life enhancing, life saving economic circumstances for the poorer people of Bangladesh.

Looks like it's a done deal then and if you still own the stock as I do, expect 2.2p payment per share on 9th Feb.

Have a few in case Tano block gets ratified. Always a chance of something happening in Iraq too I suppose. I suppose if one is skeptical, perhaps don't risk owning any? I'm always skeptical but still take the chance.GLA.

Update seemed fine to me. Must be just a city fad to have a cheap SP here at moment. Maybe the markets feel higher interest rates will have an impact on business or maybe investors are adopting Cash Is King while rates are set to go higher? I don't know, looks cheap to me.

Are we any closing to resuming dividends?
last paid a dividend on 16/11/1995 2,639,915.52p ( according to my TDW morningstar data)
Was that £26,399 a share?
Anyone here remember the company as far back as 1995? Seems to have been an incredible decline since with dilutions (and share capital consolidations) or something?

and it's going down this morning. Doesn't the market trust the LDI scandal is resolved? Neither do I but I think the risk lies solely with the pension funds who took them out. Won't help either if BofE have to print their way out of a potential mess.

Sounds like the government have finally realised that those they owe money too are now calling the shots.

ie 'You have far too much debt, we won't lend at cheap rates anymore, and if you don't start paying back your debts, the cost will rise (higher rates) and we might even stop lending to you'

The other potential incompetence is The BofE, they too may have to be brought into line and encouraged to unplug the printing machine they nicknamed QE.

Today we are moving up it seems. Seems a solid business here and surely with rising rates (higher interest rates are here to stay for a long while IMO) the pension deficit should reduce. This is how I've understood the problem with defined benefit schemes to be, mostly the very low interest rates on the gilts which make up a huge part of the portfolio (supposedly safe but never understood why as governments are generally terrible to lend to).
If this Dividend Yield holds the next few years, with decent profitability continuing, then this will have been a giveaway price, but as always SP's don't always move how I think they will or should be doing. The market and investors are a complicated thing.

In Layman Terms can anyone explain what exactly the problem is in this company that it's stock is trading at a 28 year low?
From todays update:
"We remain focused on delivering a plan to put the business back on a solid footing that will deliver longer term value for all our stakeholders"

Whenever I read something like this, I'm never particularly comforted.

Some large trades/buys today or is that the norm? Bought a few just in case it's around the bottom, but I have no idea what will happen next.

Do you think we'll get a clarification RNS stating how much liability, if any, there is with the LDI issue. I would have thought all listed plc's with defined benefit schemes should be checking the state of their own schemes with respect to the LDI issue as we don't seem to know exactly how big this whole fiasco is nationwide?
BofE printing money to purchase these bonds is effectively adding to the inflation fire.

Yes cheers unhooked. I find it hard to understand also and when things are hard to understand I think it's usually done that way on purpose so things sound more in control and orderly than they are. It does sound like the BofE will lend money to help pension funds stop the need to flog Gilts at fire sale prices! (More QE for that perhaps?).
I think the wider issue is that investors are dumping government bonds fearful of UK plc (Gov and BofE) being out of control with excessive public sector debt and QE and pension funds now find themselves with their pants down, so to speak as a result.
It seems that the LDI gravy train has popped. Hard to believe pension funds took such risks. It's amazing what comes out in a financial crisis wash. I don't own any Reach stock, though I own numerous others that I wish I didn't at the moment..

unhooked, The market could be concerned with the RCH pension fund LDI liabilities? (if any at all). I expect them to ask their pension fund trustees if they are affected and report to the market as the SP is in a fearful mood it seems.

From the most recent trading statement:
"LGIM acts as an agent between our LDI clients and market counterparties and therefore has no balance sheet exposure."

Should be fair to say then, that any liabilities from pension schemes getting caught out on their 'gearing' (gambling with cheap borrowing to buy risky gov debt) remains with them. It seems everyone has been feeding on cheap borrowing .

BofE hard talk on Quantitative tightening to a QE print in just a matter of days after! Doesn't the BofE know what pension funds been up to then with ultra low interest rates (set by them).

I'm shocked pension funds have been allowed to effectively gamble like this. Or is the real reason for the government bond price falls simply that reality is setting on on the massive UK gov debt and investors simply concerned the UK can't simply work it's way out of it without tax rises and spending cuts?

Should get a clearer picture of what's happening to the business tomorrow.

Any figures or details of the terms in the revised pay offer? Trading update due on Tuesday 11 October 2022.
Feels like most investors are awaiting this to decide how Interest rate rises and consumer spend will affect RCH.

Well, the sale of the freeholds isn't going through, however I now note that Sainsbury's were going to use the proceeds to buy freeholds to some of it's other stores. I'm somewhat relieved to hear it and hopefully it won't sell any freeholds in the future ( except to purchase other ones).

"It noted that on Wednesday it said it would have used proceeds of the sale for the purchase of 21 freehold Sainsbury's supermarkets from the Highbury and Dragon portfolios. "