Member Info for nomlungu

They made a profit of £73m but that was reduced to a loss of £44 mainly because of the "exceptional" costs caused by a fire at a warehouse. Any business that runs rechargeable robots will always suffer malfunctions that can cause catastrophic damage, so my accounting model considers these a normal cost of business, not exceptional.

Furthermore, the fire will have damaged Ocado's reputation which must have caused some damage to the potential earnings from out licensing their technology. Their lofty p/e ratios do not reflect that damage or the advances big tech are making that could consume Ocado's expected market position.

I have been a customer of their for a dozen of so years, so I clearly like the shopping experience. However, they have lost many billions over that period.

"you must be correct, just look at the share price"

I can only agree - close to rock bottom; 98% down since the peaks a few yeas ago and facing further dilution, probably at a discount.

"losses-reduced-over-fivefold"

So Ocado made a profit? No - the articles author either needs to learn how to "right proper" or should stop ramping.

"Investors can only identify capitulations after they have occurred"

The message from a ramper in chief seems to be that you are weak and spineless if you sell; I totally understand - it is quite clear just how 'misguided' those who sold at higher prices were.

"Bitcoin Mining and Blackouts Add to Anti-Chinese Sentiments in Iran"

https://thediplomat.com/2021/01/bitcoin-mining-and-blackouts-add-to-anti-chinese-sentiments-in-iran/

Some Iranians do not seem to be very keen on China and its nationals. There are a wide range of possible reasons, from the cheap and mostly low-quality Chinese products once imported to Iran and their devastating impact on the businesses of local Iranian producers to the Chinese fishing trawlers ruining the livelihoods of local fishermen in southern Iran.

The COVID-19 pandemic, which originally broke out in China, was the last nail in the coffin, and increased unfavorable views of China to historic highs in Iran, as in almost all other parts of the world. But few people would have guessed the latest reason for Sinophobia in Iran: bitcoin.

In recent weeks, Iranian power plants have been forced to switch to burning low-grade fuel oil to generate power because a sharp rise in the country’s domestic consumption has led to natural gas shortages. This severely increased air pollution in Tehran and other megacities, increasing public anger toward the government.

Several plants were later shut down after the government ordered a temporary ban on the use of low-grade fuel oil after pollution increased to “dangerous” levels. However, that resulted in blackouts in various cities, including Tehran.

Yes, but the dna of pathogens as opposed to humans as far as I am aware.

"The hacker changed the sodium hydroxide from about one hundred parts per million, to 11,100 parts per million," Gualtieri said, adding that these were "dangerous" levels. When asked if this should be considered an attempt at bioterrorism, Gualtieri said, "What it is is someone hacked into the system not just once but twice ... opened the program and changed the levels from 100 to 11,100 parts per million with a caustic substance. So, you label it however you want, those are the facts."

https://www.vice.com/en/article/88ab33/hacker-poison-florida-water-pinellas-county

Computer juice is too expensive in the UK - Kuwait has the cheapest juice even after you pay for the cooling costs [it ain't half hot in the desert].

M - Apple Silicon M2 chip coming out soon; expected at Easter in the new iMacs.

I will be treating myself when they are released.

I remember when Alan2017 was unimpressed with my "potty mouth" comments at 5 1/2p...

According to the presentation on Angus's website, production of gas had a "Target start up for MAY - AUGUST 2020 ". They must be doing well with the Winter spike in gas prices?

https://www.angusenergy.co.uk/wp-content/uploads/2019/06/Saltfleetby-Gas-Field-rev14.pdf

Strange that there were no buys at 1.25p if you were offered that to sell, especially for a large quantity. A cynic might question the veracity of the statement.

When my groceries came on Saturday the Chocolate éclairs had been replaced with a Passion Fruit Swiss Roll. It was quite tasty...

MVR are raising funds including [death spiral financing?] Convertible Loans. A weird clause:

"In the event the Company's share price decreases between the date following a conversion notice being issued by the Investor and admission of the shares to trading on AIM (the "Pre-admission Period"), the Company shall pay an amount to the Investor equal to the difference multiplied by 20 per cent. of the total volume of ordinary shares traded on AIM over the Pre-admission Period, such amount to be satisfied at the option of the Company in cash or in equity."

Never seen anything like this before

Many do not like Convertible Loans - it is where they get the derogatory name from. This deal has a clause I have never seen before:

"In the event the Company's share price decreases between the date following a conversion notice being issued by the Investor and admission of the shares to trading on AIM (the "Pre-admission Period"), the Company shall pay an amount to the Investor equal to the difference multiplied by 20 per cent. of the total volume of ordinary shares traded on AIM over the Pre-admission Period, such amount to be satisfied at the option of the Company in cash or in equity."

Seems a strange clause?

From this morning's email [they must have influential friends / "chums"]:

"UK-based electric car fuel cells maker Amte Power to float on London Stock Exchange. EVs are essential to the UK’s green transition; China is a key player. But it is unclear whether the UK would accept significant investment from a Chinese battery supplier. The Times, 8 February"

I have little interest in IPOs but (a) they are doing very well at the moment and (b) I like money.

https://www.morningstar.co.uk/uk/news/AN_1612779825575936700/lithium-battery-maker-amte-power-plans-march-ipo-on-londons-aim.aspx

https://www.insider.co.uk/news/thurso-based-battery-business-aims-23461782

https://www.investegate.co.uk/article.aspx?id=202102080700082361O

£2.5m turnover in 7 years; £50m valuation; Can I hear the Dragons laughing? AMTE - name comes from Admiralty Marine Technology Establishment (before my time, but they did submarine battery research)

"we still do not know who the identity of the "top ten healthcare" partners is"

If it was in the top 5 it could be expected that they would use the phrase "top five"?

Maybe you should ask BPC shareholders if everything is RIGGED? They pumped up the price before the RIG arrived, the price was kept higher during drilling by the RIG propping up hope and now that the RIG is departing the price had plummeted.

Billions of barrels of oil some said, not commercial say the experts. The market was all about the RIG creating hope to pay the BOD say others.

There seems to be an odd relationship between the number of posts C7 makes about the day-to-day trades, the number of recommendations they receive and the occasional posts someone makes moaning about them.

Keep up the hard work C7.

mick / Troajan,

You solve the problem of the Big US Tech companies moving profits around and not paying taxes where they are earned by addressing transfer pricing. Staryucks get away with charging a 6% "royalty" on any UK sales to a Delaware company - why is this legal?

Similar arrangements exist with companies like Amazon. Their goods are shipped on our roads, the use our criminal justice system to prosecute staff for theft etc but do not pay tax here. It all seems wrong / injust.

But what GOV do not tell you is that they are happy with things as they are. Why? Simply because it is much easier to collect payroll taxes, especially Employers National Insurance. Why make Rich people pay tax if you can tax the poor and turn them against people who claim benefits?

CONned by Doris and his TEN friends

Do the poor spend a disproportionate amount of their income on low profit online purchases? Yes. Are the poor driven to make the online purchases because it is the cheapest option available to them? Yes.

Should the poor pay to solve the problems created by the party who looks after the wealthy and their Chums. Yes.

Vote CONservative; Starve the Poor and save the NHS.