Member Info for nomlungu

No wonder OB likes wine... much cheaper when you can make your own.

No - you misunderstood the policy. You cannot get housing benefit if you have savings over £16k, which is insufficient for a 10% deposit in most of the country.

So this policy will only be of use to those who have family members who are in a position to gift them the deposit on a property. It will not benefit the poorest, who will actually have to pay for the benefit of the wealthier through their direct and indirect taxes.

This will have been pointed out to Doris... but it makes a good sound bite. And his suggestion of 98% mortgages might have been a nod to this, but was not specifically mentioned as far as I am aware. But no commercial operation would offer a 98% mortgage, so there will be state guarantees from the public purse.

There are 'trades' worse than being a trader and I should know.

I used to be a Turf Accountant who traded on other peoples dreams and mathematical stupidity.

So there seems to be no forward selling of a placing yet...

He is bookies favourite to replace Doris:

https://www.betfair.com/exchange/plus/politics/market/1.160663234

It would solve many ills if they did the same here

How do short term increases in gas prices help UKOG - they currently have none to sell and have not even raised the funds to drill an exploration well to see if they might have a commercial deposit to exploit.

ocelot is gas-lighting readers of this board...

From the last annual accounts & interims:

Cash and cash equivalents at 30 June 2021 of £1,043,450
Cash and cash equivalents of £794k at 31 December 2021

So, in 6 months cash decreased by around £250k. How do you get cash burn of '£30k or so per annum'?

N91 - a night bus in North London?

From: ****fosters Station To: Whitehall / Trafalgar Square

Ironmighty,

'non-pre-emptive basis' means that, if the resolution is approved, the company can place shares without having to invite current shareholders to participate. This can be good for management as they have certainty over the price shares are issued at, and the amount raised before informing the market; but, shares in such private placings are regularly done at a discount to the current trading price and to 'flippers' looking to make a quick few quid.

Under previous management, this company did a placing at 1p when the share price was 2p; and that was before the last consolidation. Occasionally, placings are done at a premium or around the current share price. Shareholders should live in hope that a 'cornerstone' investor would like to acquire a significant proportion of the share capital and is prepared to take most of any placing.

Imagine if GSK or a similar life science company bought 20 million shares at 25p in a placing... The share price would probably be a £ the next day.

In yesterday's presentation, Jeff noted both strong demand for Harpin and, more importantly, sufficient stock on hand to meet the increased demand.

He also stated that production of Harpin would be moving from China to Europe - a good move if you are an adherent to the concept of 'friend shoring' if it can be done without significant financial penalties.

Scholz lied yet again.

No weapons until winter.

https://twitter.com/expatua/status/1534615362062405633

Houston, we have a problem. With reality.
A Russian MP from Putin's party introduced to the State Duma a bill to repeal the decree of the USSR State Council “On Recognition of the Independence of the Lithuanian Republic.” (1991)

https://twitter.com/AlexKhrebet/status/1534508054909263873

Conscription?

https://www.newsweek.com/ukraine-quagmire-may-push-putin-adopt-policy-he-fears-conscription-1713823

https://www.youtube.com/watch?v=yk1wvusv7Ng

Trek,

In the next quarter there will be an increase in royalty income of around £330k from investments made in the first quarter that were only made for a portion of that quarter [presuming all investment were made at 13% and were funded through the loan facility at 9%]. Hopefully the loan terms allow the company to repay the accordion facility from the placing proceeds which will reduce financing costs by around £450k per quarter going forward. This additional income should cover dividends on the new shares.

In the last financial year they paid just under half the free cash flow in dividends so there is wiggle room. Even though the business model should see profit margins increase with more investments the increase in corporation tax from 19 to 25% will hold back further increases in dividends.

I am paying about £5.70 a kilo from Ocado. Get about 10 adult meals out of a large chicken, so not too bad for quality protein.

I butcher / debone the chicken before cooking it and use the carcass to make stock. Packington's chickens:

https://www.packingtonfreerange.co.uk/healthy-pigs-poultry/our-chickens/

Tasty big birds around 2.5kg

Sept 98 the police killed 4 thieves about to rob my shop armed with automatic rifles.

Try explaining that to the Conservative MP who thought that it is easy to cook a meal for 30p... maybe he thinks it is safe to cook on burning plastic?

kenny,

I waste very little food - it would be a sin when others are going hungry.