Member Info for nomlungu

The video is about the US Market... But, the UK's commercial real estate market is not in good shape either. I posted last year that I thought our banks are in trouble as soon as 'Mark to Market' losses are forced on them. A series of bank failures in the US will force our banks to deal with their own toxic debt which could mean massive capital raises and interest rates remaining higher for longer.

https://www.youtube.com/watch?v=jk2wF3dpU3E

Esther McVey, Minister for Common Sense, and her husband talk a lot about wasteful public spending. But how careful are they with your money in their own lives? We’ve found out. 👀

https://twitter.com/i/status/1770709027975987593

Tnucs

Https://www.theguardian.com/uk-news/2024/mar/20/englands-largest-gold-nugget-found-in-shropshire-with-faulty-metal-detector

'The nugget was found on a site near the village of Much Wenlock believed to have been an old track with railway lines running through, containing stone possibly distributed from Wales – an area known to be rich in gold.'

Train tracks paved with Welsh Gold?

Adrain must be delighted that The Dear Leader has gifted another opportunity to average down to his devotees.

#Praise_Be

This is pretty good

https://www.ons.gov.uk/visualisations/customprofiles/draw/

The filter button is cancel culture in operation...

Adrian,

What happened to PPP? Under a penny now. Did you get out in time or have you been burnt again?

https://www.lse.co.uk/SharePrice.html?shareprice=PPP&share=Pennpetro-Engy

£4m m/cap company sells some of an asset for £6m... now a £10m company.

Trek,

'while I go down the pub'

I will have been 1500 days sober in less than a month after going cold turkey and stopping weed, alcohol and tobacco at the same time. I have saved a small fortune and will be getting a treat to mark the milestone.

Another AI LLM

https://pi.ai/talk

Q - explain the prospects for the price of copper

A - Growing demand from the renewable energy sector

The transition to cleaner energy sources is expected to be a major driver of copper demand in the coming years. Copper is a key component in many renewable energy technologies, including solar panels, wind turbines, and energy storage systems. As governments and businesses around the world commit to reducing their carbon emissions, the demand for these technologies is expected to increase, which will in turn drive up the demand for copper.

According to a report by the International Energy Agency (IEA), the global capacity of solar photovoltaic (PV) systems is expected to increase from around 700 gigawatts (GW) in 2020 to over 3,000 GW by 2030. Similarly, the global capacity of wind power is expected to increase from around 730 GW in 2020 to over 2,000 GW by 2030. The IEA estimates that these developments will require a significant amount of copper, with solar PV systems requiring up to 3.6 million tons of copper by 2030, and wind power requiring up to 2.5 million tons of copper by 2030.

Increasing demand from the electric vehicle industry

Another major driver of copper demand is the growth of the electric vehicle (EV) industry. Copper is a critical component in EVs and their charging infrastructure, and as EV sales continue to rise, so will the demand for copper.

According to a report by BloombergNEF, EV sales are expected to increase from around 3 million in 2020 to over 25 million by 2030. This growth will require a significant amount of copper for EV batteries, charging stations, and related infrastructure. It's estimated that each EV requires approximately 80-100 kilograms of copper, which is around four times the amount required for a conventional car.

Furthermore, the growth of the EV industry is also driving demand for copper in other areas. For example, as more people switch to EVs, there will be a growing need for charging infrastructure, which will require significant amounts of copper for wiring and other components.

Limited supply

While demand for copper is expected to increase, the supply of copper is limited. Copper is a finite resource, and discovering new copper deposits is becoming increasingly difficult. This could lead to a supply shortage and put upward pressure on prices.

According to the United States Geological Survey (USGS), global copper reserves were estimated at around 830 million tons in 2020. At current production rates, these reserves could be depleted in around 25 years. However, new discoveries and technological advancements could extend the lifespan of existing reserves.

Moreover, copper mining is a complex and expensive process, and it can take several years to bring a new mine into production. As a result, supply may not be able to keep pace with demand in the short term, which could further push up prices.

HH88,

I get the 'stay out of the political chats' logic but I feel strongly on some topics. The GOV have chosen to reduce taxes instead of using those potential taxes for other spending choices in the NHS. Just last week, 'the ceiling collapsed on to a patient on life support'.

My biggest gripe with NHS funding is that people with money are able to get privately diagnosed and then treated by the NHS whilst those who cannot pay for the diagnosis wait their turn whilst their condition worsen without treatment. Similarly, if someone has a private hip / knee operation and something goes wrong then they are cared for by the NHS (private hospitals do not have the requisite intensive care capabilities). And, if you were due to have a planned knee / hip operation and the hospital does not have spare intensive care available (because it is full of people who have had privately funded elective care) then your operation will not go ahead as there has to be the intensive care bed available in case something goes wrong in the operation.

And, the increases in private demand sucks away staff trained at public expense to treat those private patients. Maybe I should not complain; I am one of the lucky ones; I was able to retire young thanks to a tax system that is generous in how wealth income is taxed and have the funds available to deal with any medical problem should I need to.

https://www.bbc.co.uk/news/articles/c0jx7gjx2dvo

Boxthefox,

I think the general consensus is that Haleon is very sensitive to medium to long term interest rate changes. The FED and the BoE have taken longer than was first thought to start reducing rates; if / when they come down then expect the share price here to go in the reverse. From the last set of accounts:

'Consistent with the priorities set out at the time of listing, we have rapidly de-levered to 3.0x net debt/adjusted EBITDA as at 31 December 2023. Strong cash generation enabled us to accelerate debt repayment and we now expect to operate at leverage of around 2.5x over the medium-term. This underpinned our decision to announce a capital allocation of £500m for share buybacks in 2024.

Watch our for any mining interest in and around Niger (Mali?) as they kick out the Yanks and welcome in the Ruzzians

https://www.bloomberg.com/news/newsletters/2024-03-19/next-africa-us-right-to-operate-drone-base-in-niger-terminated-by-junta

'Niger’s Military Junta Ditches America and Courts Russia... In remarks reminiscent of the criticism that accompanied the insistence that French troops leave shortly after the coup in July, the junta’s spokesman described the accord with the US as illegal. An American delegation had been condescending and accused Niger of planning to supply uranium to Iran, Amadou Abdramane said in a statement.

The development may leave Niger, like its military-led neighbors Burkina Faso and Mali, heavily dependent on Russia for security.

Russian troops, in the form of Wagner mercenaries now being wrapped into the newly formed Africa Corps, are already active in Mali and are being deployed to Burkina Faso.'

Everythings gone green

https://www.youtube.com/watch?v=lRgHSxWnhqk

thanks for the reminder of this cracking new order song

Https://www.bloomberg.com/news/newsletters/2024-03-18/congress-flirts-with-a-government-shutdown-again

One day soon this game of chicken is going to go wrong, badly wrong. Markets need faith in the stability of the $. The US is already running an unsustainable deficit (as is the UK) and silly games will not endear them to those they need to borrow from.

And the deficit is like a slow moving oil tanker... you cannot just do a handbrake turn without toppling the ship.

It is a cash shell, previously Verditek. And unusually for a cash shell it already has death spiral financing in place. Seems to be a vehicle for Spivs to transfer wealth from the gullible and greedy.

https://polaris.brighterir.com/public/verditek/news/rns/story/x58zk2x

https://earnzplc.com/

'An AIM Rule 15 cash shell which is seeking acquisition targets in the energy services sector'

PM - revenue from the Lab does not mean free cash flow from the Lab. Surely you know that?

The problem is that Porky is correct... expenses have gone up whilst cash is not coming in. They are likely to need another raise this year despite your dreamland opinion of cash lasting until Q2 2025.

HH88,

"Education being used for political football just like the NHS is wrong on every level."

You are 100% correct. But both the state schools and the NHS have been rundown over the last 14 years by the conservatives. They have become a dividing line between the haves and the have nots. Those who can afford better services and schooling are buying those services themselves.

BUT

Those same 'haves' have been benefiting from a tax enforcement system that has been underfunded and the focus of compliance activity steered away from invasive investigations into the wealthy and towards lower level interventions against benefit claimants. Those same 'haves' are then able to access private care for the timely diagnosis of complex medical problems that then require urgent interventions that are undertaken by the NHS whilst the 'have nots' wait in growing waiting lists to receive a diagnosis.

Similarly, the 'haves' are happy to pay lower taxes and see state schools crumble as it provides less competition for elite higher education places and scarce desirable employment opportunities for their better educated kids.

If there were better standards for all you would have a more productive, healthier and happier society. And, I realised you were referring to the Adam Smith Institute - they have opaque funding. Why are their funders kept secret?

'Those suggested to replace no doubt want Suzy to remain as they need someone that can guild them without any experience in this field but somehow it will not work.'

'I would keep Suzy and Kevin until June and bring 1/2 shareholders not more plus one other industry expert so maybe the SAR guy that was suggested.'

'I don't support the proposed changes, It makes no sense to me if you are invested. How can you replace industry experience with 3 individuals that have limited experience.'

This poster must be upset that Suzy is leaving; maybe he will sell up; maybe not - talk is cheap...