Member Info for Retec

Old news.. nothing we don't already know..

The overstatement is from expected discounts from volume-based rebates and promotional agreements where suppliers offer financial benefits in exchange for purchase targets or marketing efforts. In the latest set of accounts, they have basically moved these 'discounts' from tomorrow’s numbers into today’s numbers. This could just be a simple accounting error rather than anything more sinister but they acted appropriately by initiating an independent review... remember this is in it's US arm not the UK. It is also unlikely that this is historical, how many times can you move tomorrows 'profits' forward (or backward) before an accumulation catches up with you. so it is my firm belief that this is an isolated accounting error... Looking on the positive side.. the market over reacted resulting in the share price tanking and thus leaving plenty of scope for a certain correction.. I'm already in for my biggest holding on this drop.

GLA

Don't believe everything you read in the media...

Why would holiday makers be afraid to travel to the US for their hols?...

You would only have some concern if you are looking to enter & stay in the country illegally... & lets face it.. that is exactly who the US look to kick out... good on them... we need that here in the UK.

This share has been worked down to over 40%... but the error reported in the accounts is no where near 40%... This is a no brainer for an investment.

Haha Someone has been reading the newspapers this morning...

I have never met anyone who has spent hundreds or thousands of pounds on travelling... worry about £7.50 expense at an airport !

With the bad news.. this share should be in the £8's nevermind the £7~£6... total market over reaction..

@NewKOTB

You say... What has happened to this once great country !!!

We've had incompetent governments in control, the likes of Labour and Conservatives, just blundering their way through, feathering their own nests and generally not giving one to55 about looking after the best interests of the people of this country... which coincidentally, is the whole reason the government is there for.

So rather than displaying signs of lunacy.. isn't is about time we changed tact? After-all the sheer definition of insanity is repeating the same mistakes and expecting different results... So let us ALL do something about it and EVERYONE make the effort to get out and vote at the next election and 'Reform' this once great country.

Does the wildcard *.* work for filtering 🤣🤣

Funny how my challenge of donating to charity went unanswered and then as if by magic.. all the posts were deleted..

The gutless little foo ker got them removed like a little wokey dokey it is.. I call it an it because I don't even think it knows what it is... 🤣🤣

Utter Utter Rubbish...

I'll take a painful day if it goes up +1.7

@Trello... Exactly my point.

The private sector pensions are not anything to do with the 'UK' current liabilities.. as most private sector pensions are derisory.

@LWHL Thank you for your response..

I fully understand the areas of 'miscalculated growth'.. also known as 'Putting ones finger in the air'... but the private sector pensions remain the liabilities of such and therefore not incidental on the public purse.

The current government, as with preceding governments, have just ignored the fact that over spending is going to catch up with us in the end.. rather like the wife running up the credit card until it's larger than your current account.

The current bunch of knobsticles are just looking at how they can scrape more money in to continue on that path of over-spending. As time goes by, there will be less and less areas that are not taxed to the point of 'why bother earning/saving' that the whole economy of this country will collapse. It is a sad thing to say but I can only see that as a result of being in an ever increasing lefty wokey government control.. civil unrest is inevitable which will be driven by the visible problems in front of all our faces today.. Aren't I a cheery chappy!

@LWHL or anyone else that can answer..

As stated... 'the trouble is private and especially the public sector pensions have been too generous'

Can you explain by what means the private sector pensions actually have anything to do with the public sector pensions?... The only connection I can see is that the government is looking at taxing private sector pensions, one way or another, to balance out the burden on the 'overly generous' public sector pensions.

Just looking to learn something from you LWHL or others... Every day's a school day 😁

@LWHL or anyone else that can answer..

As stated... 'the trouble is private and especially the public sector pensions have been too generous'

Can you explain by what means the private sector pensions actually have anything to do with the public sector pensions?... The only connection I can see is that the government is looking at taxing private sector pensions, one way or another, to balance out the burden on the 'overly generous' public sector pensions.

Just looking to learn something from you LWHL or others... Every day's a school day 😁

Shhhush Peak.. You'll wake him up... 🤣

I'm quite happy to sit on defense while you two sort this out 🤣🤣

I posted this earlier... somehow it vanished from the thread... Reported?

Member since 25th Aug 2025

So has a good 4hrs of trading history

Member since 25th Aug 2025

So has a good 4hrs of trading history

SP might also be a little subdued due to the news of the Air China flight landing in Russia due to engine failure..

2x Rolls-Royce Trent 772B-60 fitted..

The biggest concern here is going to be what else is discovered when investigated...

The 30 million incorrectly accounted for from supplier income, will likely be found to be overstated in previous years too.. as it would've been so noticeable to have it just appear incorrectly in its figures in a single year, especially as it's well over half that revenue stream.

Good question..

I can only assume that the 25% rule applies again.... they theoretically could buy 50% over two days as long as it crossed over a financial year date.

It maybe that the BASF shares are held in another way.. like a 'shell company' and that could be purchased in itself.. but thats just a thought..

Hi NSS,

Basically, a 25% rule applies to the maximum number of shares (as a percentage) of the total paid up capital.. that a buy back can purchase..

Also the 25% rule applies to the time frame in which they purchase those shares.. Example.. If they completed a buy back of 25% (the max) by September 2025 and then agree another buy back.. they can't start the new round of buying until the next financial year..

In regards to the 'limit' of the number of shares that a the company buy back in any given trading day... the only real limit is the maximum of 25%.. obviously a company trying to buy 25% of its paid up capital in a single trading day.. might upset the market somewhat so it is spread out over a given time frame.. but theoretically they could buy them all back, up to a maximum of 25%, in a single day.

There wouldn't be any limit on the maximum number of shares purchased in any given day.. because theoretically, a plc can have just two share holders.. so the 25% rule could be concluded in a single trading day.