Member Info for nomlungu

The problem with solid yield is that their share prices drop every time the market reprices interest; why take a risk on a 6% share when you can get over 5% on a term deposit?

The RNS was Imminent!

Mick - I have posted before that taxes on rental income should be higher. The way the tax system is encouraged me to stop working in my forties. If the tax burden on me was higher, I would work; the current system does not encourage higher productivity.

That should have been mentioned in PMQs yesterday.

HH88,

Yes but... That model requires a buy in from a productive society; it would mean people who currently take a free ride would need to contribute more. 'Benefit' recipients would either need to work more (nothing wrong being a school helper / cook/ kitchen assistant / cleaner, especially when you are serving your community) or pay tax on their 'rental income' at the same rate people who work do (by rental income I mean rent, dividends, interest, capital gains and any other forms of unearned income).

I also think that the personal allowances are far too high and that tax and NI should be merged and the merged tax charged on all. Wealthy pensioners are getting too good a deal; they pay no NI but get excellent care from the NHS; when the current NHS model was designed, it was not expected that their life expectancy would be so high or that so many expensive / good medical inventions would be made. Had they taken private insurance to cover those costs, the insurer they bought the cover from would have gone bankrupt; putting that burden on the next generation is unfair.

Nothing like a bit of cold-blooded killing to chill things...

I was not in the country as a kid, so have little to add to the Thatcher / milk debate. But, 'the body's need for calcium is at its highest point between the ages of 9 years and 18 years old'.

So restricting free milk to primary school kids is not a scientific approach... and a cynic would want to make sure that the children of poorer people grow into strong adults, as they are the future manual labourers and soldiers (eugenics was popular with South Africa's white right-wing politicians).

She was cremated ; no such luck with rotting; hell yes though.

'NATO vs Russia! Why Ukraine's Victory Doesn't Mean The End of War | Peter Zeihan'

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

Peter is a convincing talker...

'£6 target'?

Is there going to be a 20 to 1 consolidation?

Trek,

The CONservatives were prepared to destroy the economy in order to stay in power.

#TRAITORS!

Energy secure, food secure, strong army, reshoring manufacturing... The US is in a good place as long as they sort out medicine production.

Interesting short video; basically he is suggesting that the bureaucratic EU just cannot negotiate anything with the Chinese as they are currently structured as a cult of personality under Dictator [for life] Xi. The top / down decision-making is going to hamper a lot of economic development in China.

https://www.youtube.com/watch?v=JS6MyjdQ__E

Timmit,

Thanks; that helps explain the UK Export Credit Agency's interest. The 40% threshold seems a bit low as a taxpayer though, especially as it is likely to benefit a small group of professionals [lawyers, accountants etc] who are adept at tax avoidance.

The latest Chinese belligerence must have renewed interest

https://www.bloomberg.com/news/articles/2023-07-04/xi-s-metal-curbs-could-backfire-as-g-7-seeks-china-alternative

The update is not that promising; higher costs and more time is not often liked by Mr Market. At least there should not be cash issues yet.

'China's Top 10 Famous Unfinished Buildings: Tens of Billions USD Have Been Wasted'

https://www.youtube.com/watch?v=ja4S85sIFMs

Xi would prefer you do not see this.

Electrolyzers: The tools to turn hydrogen green

https://cen.acs.org/materials/electronic-materials/Electrolyzers-tools-turn-hydrogen-green/101/i21

Complicated but interesting; the article's summary is:

"IN BRIEF

Electrolyzers are the electrochemical cells that split water into hydrogen and oxygen. The systems occupy an industrial niche today but may be a crucial part of how the chemical industry and several other sectors decarbonize in the near future. Two electrolyzer types share the current growing market, and two more are rapidly commercializing. The next handful of years will tell the tale, as corporate targets and government subsidies look to create a new, green, hydrogen economy."

And, COPL's m/cap is less than £10m. Not sure if the bonds are US$ or CAND$ but they have close on the existing m/cap to churn through; a very long way to go still.

COPL = DDDDDDDEEEAATTHHHH Spiral

Following these conversions, COPL's outstanding bonds include:

2027 Bonds principal outstanding: $12.6 million (63 bonds)

2028 Bonds principal outstanding: $13.2 million (66 bonds)

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