Member Info for Pokerchips

I think the US are also concerned about the 10yr Treasury yield ...currently 4.6% ..

There are stories that the Chinese are selling their Treasuries to push up the Yield and put pressure on rates and stocks.... not sure about that angle

If the yield went to 4.7 or 4.8 then stocks would be under real pressure

" Its clear the government is going after Zhevago stake in FXPO"

Of course, everyone has known that for years , since the the Govt Deposit Guarantee Fund said it had state losses of UAH 15.5 billion as a result of bailing out Bank Finance and Credit Customers when it went bankrupt..

..They blame Zhevago and want that money back.... and they get very frustrated that they cant get it , even to the point of arresting the mine manager and holding him for months in desperation

" it does not immediately mean that they have max'd out the facility limit, indeed they may only be in hock for a small proportion of the total credit limit. "

maxdba

you need to review the H1 Report (page 33) where you will see that the RCF has been fully drawn down at US$162m

In terms of Kruger online and digital..... dont believe everything some people wish to try and tell you..

From Kruger themselves on their Q4 Call transcript - 07th March 2024

"....digital had strong results in 2023, delivering more than $12 billion in sales.

Digital sales grew by 12% on a 52-week basis.

And we improved our cost to serve through increased volume and process enhancements, as well as technology to optimize associate pick routes for more efficient picking.

Digital is an important growth accelerator in our business. And in 2024, we expect to deliver another year of double-digit sales growth.

As we grow volume, particularly in our Kroger delivery network, we expect our unit economics to improve and become a tailwind to our long-term financial model.

We have a clear path to improving our digital margins, closing the gap with our traditional brick-and-mortar business over time.

Kroger is well-positioned through our combination of stores and dedicated fulfilment centers, enabling us to serve all customer trips, including both immediate and next day.

Customers who shop both in-store and online spend three to four times more compared to in-store-only shoppers.

Moving promotions online allowed Kroger to take personalization to a new level, targeting customers more efficiently and increasing the breadth and depth of promotions.

During the fourth quarter, this led to an 18% increase in digitally-engaged households. "

With regards the dividend , I doubt the market gives a fig about some 3p Dividend

Yeah...at Wood the sell took away some pretty good revenue/earnings and work pipeline if I remember ... so..selling it and paying off debt wasn't exactly a one way benefit

" the easy £5 mill bonus"

not sure it is all going to be "easy"

" A few years ago he was paid £59m despite Ocado making a record loss... "

all these kind of things hide the investment companies make in a business and the tax benefits they accumulate by declaring a loss ...something many people seem not to understand

us aid, or no aid.... the legal disputes probably require the most attention....

" .....there is a risk that the independence of the ( ukrainian) judicial system and its immunity from economic and political influences in ukraine is not upheld.

a hypothetical reversal of the decision by the grand chamber of the supreme court would result in the loss of a significant proportion of the shareholding in the group's main operating subsidiary in ukraine, which holds approximately 65% of the group's non-current operating assets, and would have a material adverse impact on the shareholders' equity attributable to the shareholders of ferrexpo plc.

due to the uncertainties, it is currently not possible to reasonably estimate the financial impact, but it could be material.

a negative decision could also have an impact on potential future dividends from fpm to *** and, as result, on the distributable reserves of ferrexpo plc

it is management's view that a hypothetical reversal of the decision by the grand chamber of the supreme court will not cast significant doubt on the group's ability to continue as a going concern.

however, such a decision might complicate the daily business of the group's major subsidiary in ukraine, as the intentions of the opposing parties, the claimants in the share dispute case, are not clear at this point in time."

" Until he has the share price back to reasonable levels, over £10, he shouldn't be getting that huge bonus. "

I suspect that right now, most CEOs are having to work their a*rses off , in face of the challenges they are all facing ....with the concerns about nuclear war, US debt implosion, Middle East fighting, inflation, competition, speed of change in technology, amongst current flavours

No bonus should be entirely based on the whims of the share price and traders fears and greed

It is right that it is based on other factors too.... otherwise ...there wont be any CEOs ... who in their right mind would want the responsibility?

" Teaching us to suck eggs Pokerchips? "

no, but I can show you how to make an omelette if you like? lol

but seriously.... as you say...it is quite a lengthy process....and no one knows, as yet, when they might have even invited anyone to the first stage .... and ... the more they can show the recovery of margins after the COVID, driver shortage, age inflation issues... the better

I think Tim Werner was a good appointment leading the US Bus Division and I suspect that by now he has really got to grips with the business there

" There is no chance in hell a company would gift such a contract if the company was believed to be going bankrupt. "

The reality is...if... the company went bankrupt ( not suggesting they will) , then Asset Solutions would end up in the hands of the creditors , and the business would more likely than not,carry on as usual....it is a business worth investing in

Right now...the lenders basically own the assets , as a result of the debts against the assets, and Asset Solutions is a business that is doing well and would carry on as such...but ..merely in the hands of the lenders ..... in that scenario .... until a point when the lenders decided to sell that business, if they wished

It is a contract within Asset Solutions which is arguably the strongest part of the company ....and ... if the company itself were to get to severe financial situation ...the Asset Solutions business could relatively easily , and quickly, be sold as a separate business and continue as normal

so... a $70m a year contract (...that doesnt necessarily run 5 years if circumstances changed things ) .... within Asset Solutions isnt as such an issue as it would be if it was a E&C contract

Tuan6

the CEO of any company DOES NOT spend his/her time looking at the trading of the share and decide when to release any RNS based around that.....

The CEO is running the business and has a huge amount of responsibilities around doing so....

They release an RNS when they think it is appropriate ...

" the CEO let shorters" ......

the CEO has not the time to dance around the trading activities of shorters, bulls, bears or anyone else .... he

" I think worst case here is no buyers for NA business"

I think it is important to realise the timescale and steps that need to be taken in order to sell a business

You cannot sell a business without first producing a proper document advising exactly what is for sale

... and that is what the "preparations for sale" tends to involve ... and it becomes a legal document ..and as such takes time to prepare in the detail required

Second step, tends to involve inviting potential buyers to view the document describing the business for sale and invite them to visit the business for sale

That also takes time

There then comes a time when having invited all potential parties ...you provide a time line for anyone to get serious and decide whether or not to bid for the business for sale, and provide evidence that they have the finances in place to buy the business if their bid wins

The whole process takes months .... and ..months

so..I would not be too concerned , if the process is not as far down the line as anyone might wish for....

This kind of business does not come up for sale, that often..... so.. there will be interested parties.... and I doubt they will try and buy for silly low prices ...

" Have you ever come across the announcements along the lines of - the offer / discount price is x times, x % of the share price on dd.mm.yy"

yes, but you need to understand that the share price will adjust to the demands of those working in the background, whether it be the City, lenders or whoever ..who are working on a fund raise or D4E etc

.... those in the background don't fall in line to the demands of the share price and anyone trading it

There are often leaks with regard to the likely price of fund raises or D4E prices and as such the market often adjusts to the leak or rumour

The RNS here last week "could" have been as a result of the need to stop leaks or rumours spreading .... so they made sure the market had as much information with regards a possible D4E as anyone else who might have become aware of such negotiations

" These questions are putting people off buying at this price."

It is comical that some of you seem to want to be spoon fed all "the answers" and yet still have a very low share price with which to buy the shares

Fantasy thinking in full swing this morning

"Suppressing the share price so that PFC can be bought/ taken over on the cheap ? "

dont be ridiculous

You dont value a company based on some traders moving a share price up and down ...

there is some fantasy thinking going on here ....

" We have no idea what the NAV is "

well if so, then you haven't been following the data given....

"The BOD have a duty to shareholders"

You need to understand that the BOD has a duty to STAKEHOLDERS , of which the shareholders are but one ...

and..the shareholders are currently at the bottom of the list in terms of having any stake in the business right now....

the NAV is next to nothing ... all the lenders have priority in terms of receiving anything from asset sales or in terms of resolving the issues regarding repayment of debt or payment of interest/coupon..

Any D4E is a form of debt default which Fitch referred to and as such downgraded the risk as such , as appropriate in such circumstances ...any future lenders being aware of the company debt history if such a debt default were to occur

There is some notion here that shareholders ( esp PI) should somehow be spoon fed above that of bondholders, bank lenders, business creditors, employees or anyone else

All this talk of " wanting the share price down" is utter nonsense ...... any D4E share price base will be given to the BOD ..it will not be for the BOD to go around expecting some price or other ...

Hedge against further inflation and geo-politics.....i suspect