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Good point Kev

However, when you dig a bit deeper. I'd imagine they do give all sorts of undisclosed incentives to the retailers to win their business which aren't disclosed as its a lucrative business in which VISA and Mastercard sit above a layer of merchant providers such as stripe / worldpay/ globalpay etc that alI take a cut and then there.is yet another layer which is the terminal provider's who have rental agreements with the retailers for the chip and Pin machines.

All several layers of undisclosed costs and no real transparency for the customer who won't give it a seconds thought when entering their PIN.

i actually dont care if the retailer has negotiated a small kick back from any of those layers in fhe chain.

They are all in business to make money and the consumers are free to take their business elsewhere if they can find a better deal elsewhere.

It's.just my view, but I think the car dealerships are being unfairly targeted.

And I never thought id say that.

Maybe they should start looking into Estate agents and house builders.

next and the kickbacks they receive from 'recommending' certain law firms or surveyors or EPC providers

Again,I wouldn't really want to see that happen as I believe in the principle of caveat emptor.

28.008079%

Edging closer to the 30% required for a mandatory offer to be made.

Starting a new thread for this one.

365 was the new 52 week low for BP yesterday and it's bounced as support found & money has come back in

Similar bounce off yesterday's lows for shell

Too early to call a floor?

Took sone fresh positions on the dip below $30 yesterday

Resistance has been that $33 / $34 area.

So mindful of taking profits as they play out.

If / when trump starts up the money printing that's when PM's should really go on a run and would be the time to go fully long and strong.

Any views on Oil price over the next 3-6 months?

Exactly that Dai,

Everyone knows that visa or Mastercard take a cut/commission out of every single purchase you make via your debit card.

But I don't recall any retailer ever handing me a document setting out what percentage of my purchase will be going to the merchant provider.

I honestly couldn't care either. Simply because if I'm not happy with the overall price, I wouldn't buy the item.

To go back in time and ague that I've been mis lead is a bit silly.

But that's the Pandoras box that has been opened by this insane court ruling

A court ruling that appears to have been poorly thought through as to the potentially wide and far reaching implications if it isn't overturned.

I think adding the calories of my meal to a menu is consumer protection gone mad.

But if every single purchase I now make all the way down to a packet of crisps needs to include the details of how much commission is being paid to Gary Lineker as a % of my purchase price just to ensure that everything about that transaction is fully transparent then that's just bonkers.

Too many interests being put forward by the ambulance chasing law firms who must be ironically licking their lips at the prospect of earning some commission from any rebates due.

No doubt they will make sure the public are fully aware of the hefty cut they will take from you in any successful claim :-))

I'm just getting NT

MM's unwilling to release any stock to the market atm.

Good to have a sensible debate and unlike the entrenched views on the other bb I'm always happy to amend points made as language used is important and yes, interest payments have reduced but its also Important to ensure thr nuanced points are also made.

Something lacking over on the other bb.

And in fairness on most bb's!

Hexam

No issue with your post and happy that two views can be made and both be correct.

P.s

Always enjoyed your posts over om QBT

A few traders over there have certainly enjoyed the debate and have missed your recent contributions no matter what some others .might have said.

Either the interest repayments have reduced or they haven't

> They have undisputably reduced.

And they are about to be reduced further from the bullet repayment following the property sale

Taken from the RNS

"The cost of the facilities are compounded SONIA plus a margin of around 400 bps and reduces the overall interest payable by the Group."

He has just re capitalised the the balance sheet..

Then will be paying down the debt.

Literally the opposite actions of bumping the company?

They have just improved the balance sheet by an injection of £39.3 million with further cash to come in from the R/O

That improvement is yet to be reflected in the SP with the market cap only up around 3% vs 10% of the market cap being injected as cash.

The banks have just IMPROVED their loan terms to normal commercial rates as a significant chunk is about to be repaid by the sale of London property which will slash the debt repayments and what then is left is well manageable within cash flow.

Business really is in a far stronger position now.

About to get very interesting.

GLA

Business now re capitalised and cashed up with further capital injections incoming from property sale and significant impairment write-backs all further boosting the balance sheet.

Even just executing the plan should see the market cap back in the region of £600m+.

Add into the mix the prospect of a T/O at a significant premium to today's SP and next few weeks going to be very interesting.

They have just improved the balance sheet by an injection of £39.3 million

That improvement is yet to be reflected in the SP with the market cap only up around 3% vs 10% of the market cap being injected as cash.

MA stake building, close to achieving a 30%+ shareholding which will trigger a mandatory offer for the business.

About to get very interesting.

Mandatory offer (even a rejected low ball one in the high 40's low 50's ) will gap the SP up considerably.

Back in today to watch this all play out.

GLA

If it gets back on fhe radar of investors it should re rate as everything falls info place.

ML

Finance already agreed

Just needs that ML.

Looked Impossible a year ot so back.

With the government having recently sorted KODs ML....

The waiting could finally be over.

Dai,

Wouldn't let anything go through

NMS is presently set ridiculously low. But they did let one £17k buy go through

Just no one else allowed

Rule 9.1

When a mandatory offer is required and who is primarily responsible for making it

https://code.thetakeoverpanel.org.uk/tp/rules/rule-9/rule-9-1.html

Tried to add all afternoon and NT for 5 hours

Total lockout for buyers and limit orders also rejected.