The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Eric, agreed, it is getting very wearing and clearly the Swedes are spooked. I have largely supported Kurt but I don't understand the current radio silence on Kallak or Kosovo. Maybe the situation in Finland and Sweden around NATO membership is also causing the jitters and/or news is being 'managed' until NATO membership of both is clear. As I understand it both Finland and Sweden are going to apply jointly in May. Sweden has always been more reticent than Finland as Finland acts as a buffer between them and Russia. I sincerely hope Kurt has a plan and its a good one. Yours Baldrick!
Eric. If its a gordian knot it will require bold action to release it. Our gordian knot is the environmental hurdle which will take some time to resolve especially as the environmentalist will through everything at it. More patience is required it seems, but it looks as if many investors have baled out, maybe to return at a later date.
win4. Unfortunately the shares held showing on ii are, I think, the number before consolidation. Hope I'm wrong.
lbjj. Hopefully Kurt is good at kickboxing.
Not yet.
Just returned from a very nice hols in France, so apologies if somewhat off the pace. As far as I can see Kurt has made a single minimal statement following the Kallak concession award in the 29th March RNS. What has surprised me is the paucity of information-not even a link to the government statement-notwithstanding the painful wait we have all had for this decision. Also surprising is no comment on the apparent paradox of the substantial SP fall since the decision. There is talk of the decision being appealed, but on what grounds. Would it be akin to a judicial review? The link to the government decision published 28th Mar is below for anyone who hasn't seen it.
https://government.se/articles/2022/03/information-about-the-decision-on-an-exploitation-concession-for-kallak-k-no-1/
Yep, panic appears to be subsiding. Flipping irony if this goes blue later today
This is not the first time Aftonblatet have done something similar. Hopefully it will be treated as the hack journalism it is. GLA
RR has over 16,000 of its engines in military service in over 100 countries. This must feed through as states, especially in Europe, bolster their military readiness.
Suzy, yes money is time and labour. It is also of course a form of credit-"I promise to pay the bearer etc". Barter, which is a credit system, came before money which is believed to have derived as an IOU for services rendered. That IOU could then be traded. Debt has always existed.
Greentea. I live on the Bristol Channel. There have been two proposals for tidal generation. The first a barrier which admittedly presented a lot of hurdles, the second was an smaller tidal lagoon. Neither developed beyond the concept stage. With 9-14m of tide in the channel it can't be beyond our technical skills to achieve a workable solution.
Gambier. I haven't always agreed with your posts but in this case I do. Europe is now hurriedly reviewing its energy strategies. Some countries are 100% reliant on Russia for gas and even Germany is 70% reliant. The UK abandoned its nuclear generating technical advantage in the 1960's and now has to rely on France and China for new power stations. We also have a limitless and entirely predictable energy source, tidal, but have failed to develop it due, in a large part, to environmental objections. Outsourcing 'dirty' industries does nothing to help the environment, it's just greenwashing. I genuinely hope that whatever the outcome of Putin's criminal invasion of Ukraine, it along with Belarus remain pariahs in the future. Russia, aka Putin, went unpunished for its actions in Chechnya, Syria and Crimea, so the current sanctions on its leadership and institutions is long overdue.
If Kurt anticipates a positive decision re Kallak then surely he would wait 'til that's reflected in the sp before a placing/subscription. BEM is odd in that it doesn't have large 'institutional' shareholders, especially now that 75% of the shares are in Swedish hands-mostly PIs.
TSP. A touch of herd mentality in play. Putin's invasion not going entirely as he wanted it to, now reported to be telling Ukraine army to overthrow their leaders. Perhaps he's becoming Vlad the Inveigle!
I bet Sweden and Finland wish they had joined NATO years ago. Sweden has been considering it for decades but hasn't ever made the final decision-now there's a surprise.
Irrationality seems to be the order of the day. Rolls Royce down 18%-can't blame the Swedes for that!
Putin's actions will undoubtably cause governments to review their energy strategies, Germany is already doing so. RR investment in small nuclear reactors looks looks prescient.
Germany has already announced a review of it's energy strategy. Keep up.
Jonny. At the risk of repeating myself I agree entirely. Tsar Putin is making a terrible mistake. Despite its landmass size Russia's economy is just half of the Uk's and about the same as Texas. It relies heavily on primary resources and Europe in particular will look to other energy and primary sources. It will hurt in the short-term but Russia will have a bleak future.
Into double figures %age rise in Sweden. Hope it holds.