Member Info for OldManHeats

Nah not at saturation yet, another 500 stores to go and franchising overseas just starting

Unfortuately it seems the voters just don't care so will continue the trend of protest voting for the foreseable future. I think the legacy parties really need to start actually addressing this with bolder policies

You know that best investing results come from being impartial and rational? You sound like you are supporting a football team...

When will buybacks resume? Nothing since 17th of Feb. Feels like missing out on a great return on capital

Did you not listen to the call? They have locked in energy costs for a year or so and haven’t double checked but last I looked long term prices aren’t rising yet

Those dividends seem unlikely, yes capex is coming down but won't be back to normal yet. I would also think they might prioritise buybacks as they have mentioned that being an option if SP remains low. TBH i don't mind the volatility, as long as the price remains around these levels and the shorts keep increasing then it just means the catapult keeps being pulled back

Way too much attension is put on the FSCS compensation limit, the only way you lose your money in an investment account is if the broker is being fraudulent and mixing your money with their money which the FCA is responsible for checking them on. Personally i have over 120k in Trading 212 and am not worried. They are completely fee free other than a very small FX fee and they have a flexible ISA, very fast clearing speeds for withdrawls and deposits. Only downside of them is not quite as many equities are available but I'm yet to find one I'm interested in that isn't available

Is there a call today?

Nothing inspiring but also nothing for shorts to really dig their teeth into…

@MerMillions instead of just saying "sToCk pRIcE DoWN, MaNAgeR bAD"

Maybe say what decisions they have made that you disagree with?

I would guess the current re-finance rate would be around 5% so the 200k maturing in november will definitely jump up the interest payments. Using it to pay off the higher rate would probably balance it out but I don't think they ever pay off debt maturing in future years (feel free to correct me if this has happened before)

Yeah thought i was looking in the right place but was just suprised it wasn't on there yet

Where can i watch it, the webcast link doesn't seem to be on the website and my Quartr app isn't updated?

Here is the debt in maturity order, easy to say prioritise the higher rate but they have to prioritise paying off or re-financing debt that is due to mature as the only one being amortised is the Hornsea 1 because that debt is at the SPV level instead of company debt.

RCF 26 Sep 27 230,000 5.25%

NAB 1 Nov 26 75,000 3.098%

NAB 1 Nov 26 25,000 2.34%

CIBC 14 Nov 26 100,000 2.21%

Lloyds 9 May 27 150,000 7.33%

CBA 4 Nov 27 100,000 2.96%

ABN AMRO 2 May 28 100,000 6.88%

Virgin Money 3 May 28 50,000 6.83%

Barclays 3 May 28 25,000 6.83%

ANZ 3 May 28 75,000 7.22%

NAB 26 Sep 29 100,000 5.21%

ANZ 26 Sep 29 75,000 5.24%

AXA 31 Jan 30 125,000 3.03%

AXA 31 Jan 30 75,000 3.14%

CBA 26 Sep 30 150,000 5.28%

AXA 28 Apr 31 25,000 6.43%

AXA 28 Apr 31 115,000 5.55%

AXA 26 Sep 31 25,000 5.44%

CIBC 26 Sep 31 100,000 5.40%

Hornsea 1(5) 31 Mar 36 408,097 3.22% (Amortising)

"Year on year, the principal balance of the Group and wind farm SPV debt has fallen by £168 million, through partial repayment of the RCF, wind farm

SPV project debt amortisation and the effect of disposals."

So the green taking ownership didn't really cross my mind before, does anyone have any examples to point at where it's happened before and any precendent for what price it would be bought at? I feel like the priority would be things that are being run improperly like Thames Water.

Honestly I'm not too worried about reform coming in an cancelling contracts, it would cause absolute chaos and there is a reason that lots of the world copies our CFD type investment structures. There would absolutely be short term volitiluty but I'm happy to ride that out and I think UKW would come out the other side. Even if it just becomes a free market and removing the marginal pricing system then what is to stop all the wind suppliers just charging 1p below the cost of gas power. Granted that wouldn't work for overnight generation so would make batteries a MUCH more appealing investment. If it just goes back to commodity type supply and demand then lowest cost always wins and other than intermittent solar I don't see a cheaper option.

It's really dull to hear you keep screaming "market manipulation". You just sounds like a sore loser. If shorting is market manipulation then so is buying shares, you are "artificially" pumping the price by taking shares off the market and reducing supply. Just pick your opinion on if the company is a good price to buy and live with your decision

Depends if you think the share price represents intrinsic value or just the market price

Billy stop panicking mate, just focus on yourself. The stock price will do whatever it will. If you think it’s undervalued then buy and hold for the long term

Reading that was...definitely something

Why would a no growth PE be 15?

"short interest surged to nearly 9%...Shorts stopped increasing their exposure" when exactly did this happen? They are currently at nearly 13% and still rising

Management always get's asked about batteries and it seems like its simply a maths problem. As soon as it becomes a useful allocation of capital then they will do it but its a long way off