Member Info for nomlungu

Mannnan,

"Can this rise again ?" - yes, many more courses left for the BOD and placing vultures to feed on.

"SS done with turkey" - no, just in the slow cooker. No doubt there will be the aroma of oil again at some stage.

These people normally do well when challenging GOV in the courts:

https://goodlawproject.org/update/stop-fossil-fuel-drilling-in-surrey-we-arent-backing-down/

Those might be the rules that the Tories ditched by jumping unprepared from the EU lifeboat. "Taking back control" meant losing control.

A bit like "The NHS is not for Sale"; who would buy a business whose model is to give away its services for free. But sell and make a profit on NHS work the NHS could do cheaper? Well if there is profit on offer...

Bear in mind that NHS staff are being encouraged to leave and go work in the private sector by poor wages, under staffing and under investment. These people have been trained at the pubic expense and will be serving fee paying customers to generate a profit for shareholders. Yet another example of the CONservatives taking from the working class to give to the wealthy. Fine if you can afford subsidised private care but if you have no spare funds you are doomed to a long and possibly painful or harming wait whilst Sunak fiddles with the figures to pretend waiting times are going down whilst more and more people join the queue.

#CONservatives

The biggest problem is the unfinished homes; they will be deteriorating after building work stopped without mothballing the projects. And, the migrant workers will have had little option but to return to their rural bases, so the pool of labour required to start the work again is now in the wrong place.

Those unfinished buildings will be becoming worth less and less as each day passes...

"China's Economic Growth Model Is Dying "

https://www.youtube.com/watch?v=XO8o0TO-rfg

Pettis, an expert on China’s economy, is professor of finance at Peking University’s Guanghua School of Management, where he specializes in Chinese financial markets.

Twitter wants a copy of your passport / drivers license. Tell Twitter to fück off:

https://twitter.com/MarcusFitzsimon/status/1692971175041786215

Mick (and others) will like this

https://www.youtube.com/watch?v=endX0DpjPe4&pp=ygUVYSBjaGljayBjYWxsZWQgYWxiZXJ0

He has over 1/2 a billion views of his YouTube videos so far

Pro-Trump Pastor Tried To Destroy Barbie With Bible-Tipped Baseball Bat In EPIC Ragefest — Here’s How That Worked Out

https://www.mediaite.com/entertainment/pro-trump-pastor-tried-to-destroy-barbie-with-bible-tipped-baseball-bat-in-epic-ragefest-heres-how-that-worked-out/

Average annual rain fall = 5 inches

Expected in the next 24 hours = 5 to 7 inches

Big time flooding on the way

How Brexit Failed England's Premier Fishing Town. Grimsby, blaming the EU for decades of decline, voted overwhelmingly to leave. It hasn't helped—and may have made matters worse.

https://www.bloomberg.com/features/2023-brexit-fails-uk-fishing/?srnd=premium-europe

First I have heard of this: "'No-water' hydropower turns England's hills into green and pleasant batteries; Technology based on dense fluid said to open up 'massive opportunities' in mountain-light English countryside and around the world"

https://www.rechargenews.com/energy-transition/no-water-hydropower-turns-englands-hills-into-green-and-pleasant-batteries/2-1-1501993

https://www.rheenergise.com/

Become a Tory politician and drink from the silver gravy boat?

This is quite clever:

https://atlas.cid.harvard.edu/countries/81/export-basket

"Harvard Growth Lab’s research and data visualization tool used to understand the economic dynamics and new growth opportunities for every country worldwide."

The link is for the UK's exports, but you can dive deep into nearly any country's data.

AZN - dividend yield is less than you can get from cash in the bank; they could get a big slap the next time the FED boosts interest rates.

Elections next week so watch out if you have an interest in PREM: "The only sure thing about next week’s election in Zimbabwe is that the result will be disputed. If the Citizens Coalition for Change wins, how likely is it that Zanu-PF will allow a transfer of power? The institutions that are supposed to protect democracy — the ZEC, the courts and the police — have all been captured to varying degrees by the ruling party."

https://www.dailymaverick.co.za/article/2023-08-18-zimbabwes-democracy-is-in-icu-facing-death-by-a-thousand-cuts-but-desire-for-change-is-still-alive/

A new photo transformer

https://generated.photos/human-generator/64e08e5959eb0f000b72d23c

AZ $30b of debt and interest rates expected to go higher.

Barratt - home builder in a recession? Home builders have been offering 'upgrades' and 'cash back' to sweeten buyers. But they do that because they want the sale price to be higher than the value of the new house because they do not want to book the loss on the unsold property on their books.

Halma - do not know much about the company, but if they have had a "tough couple of years" why would their fortunes improve when the commercial property sector is on its knees?

Lloyds - I think there is a lot of bad personal debt building up; bad commercial loans and mortgages; a recession coming and a GOV that will do a profits tax before the next election to appeal to voters.

RIO - if China completes its collapse and sucks growth out of the rest of the world's economy, then RIO will be marked down more and more.

Must try and get out of the other side of the bed tomorrow...

Trek,

It is a good article which I had not read [so thank you]; this paragraph stood out:

"At the now lower share prices we are seeing I’m not saying these EITs aren’t worth buying for their dividends. Only that investors won’t have as much insight into their real, saleable, asset values as they are able to do with conventional investment trusts. Its why I think EITs aren’t to be trusted."

I have only had a cursory read of the last financial statements so far, and the assumptions about interest rates in the future seem optimistically low. I am also aware that some solar investments have been valued at 20 year lifespans, but some panels are failing at a little over half the age, so any solar investments could be mispriced.

So, the current discount to NAV is probably not enough but the share price could keep falling too far and become attractive. Much more research needed but the dividend stream has caught my eye.

Trek,

It is one I am going to keep an eye on for a while; they have some midterm borrowing (£300m odd if I remember correctly) and free cash flow of £85m in the last financial year with a 6p dividend covered 1.2x. There are few presentations for me to watch to see how well inflation is [or is not] built into their contracts.

Another percent on the BoE interest rates could see the share price down another notch would push the dividend yield close to 10% which would become quite attractive and offer serious upside if / when interest rates come down. But with many GOVs wanting to borrow and some Central Banks doing quantitive tightening at the same time, interest rates should keep going up... Which is why I said SEIT could be a screaming buy if you can time the change in interest rate sentiment.

It is the type of situation where I would be tempted to put my maximum comfortable amount in and then sell half if the share price goes up and lock in a predictable yield of 10% on the amount invested [indirectly into a diversified portfolio of energy efficient investments. There are worse sectors to have money in...

Jewish UFC Fighter Literally Knocks the Holocaust Denialism Out of a Fan of Neo-Nazi Nick Fuentes: ‘Classic Case of F*ck Around and Find Out’

https://www.youtube.com/watch?v=_Kpyno9dOjw