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Neutral RNS. Share price drops over 7.5%. What do the sellers know what we don't, or is it just spivs playing games.
Algorithms, spivs and muppets dictate short term price movements not fundamentals.
So since midday Monday the market has gone wild. Why? Supposedly its because (1) the Goblin has lost the vote and Prince Charming is about to be crowned Herod and (2) the alchemist have managed to come up with some magical vapours to protect us from the mystical curse that has stuck people down and even more mysteriously eradicated flu as a cause of death.
Me, I'm not buying it. Polycations are still rushing for the lockdown and are totally happy with imposing the new normal even if that does (or especially because) cause (1) the decimation of the travel and hospitality industries. (2) the slashing of non covid medical provision, (3) huge increases in mental health and domestic issues, (4) the self employed having to abandon their vocations and enrol themselves into any large corporation willing to take them, (5) turning social interaction into a crime. Judging by some of the stock price changes some people seem to think that everything will return to the old normal next year. Yer right.
Anyway, looking at precious metals, yes they have fallen this week, but no where near as much as precious metal mining companies, which makes me wonder why. I mean if next year is going to be all rose and precious metal investment is going to drastically decline as people rush from their safety into a rampant bull marker, why haven't they fallen too. Anyway I for one maintain my medium term faith in the sector no matter what games the mm's decide to play.
Well add the 4 top owners holdings together and you have a very interesting percentage.
In the results. That said, they show a company hemraging money. I understand conditions are unfavorable, and that have yards and people stand idle costs money, but why can this company not make money on it's large projects. Our it's salesforce just unable to produce fully costed and contingency provisioned quotes, or are they simply bullied by management to under bid everyone else as a way of winning work. The size of the losses would indicate that this strategy of effectively subsidizing the customer is not working. Imo I give it a couple of months before another rights issue, at which point we will be asked to fill the coffers again in the hope that this will not just be another charitable donation.
Once you factor in all the exploration, drilling, administration and costs of finance. Probably quite a lot, hence the low valuation of so many oil companies. Only the majors with their diversified supply chain income streams and economies of scale seem to be safe from the debt maturity crunch.
https://www.ft.com/content/a6b7268c-ac9d-11e9-8030-530adfa879c2
With time the pre-pack will be seen for the pyrrhic victory that it was.
As an aside, on the basis that the refinancing create a firm footing for the companies future, can someone please explain the current bond price?
If BP sue Greenpeace for the cost of renting the rig while incapacitated due to Greenpeace's actions, how long can Greenpeace occupy the rig before they go bankrupt?
The limitation period varies according to the nature of the cause of action. The limitation periods for some common claims are:
Simple claims in contract: six years from the date of the breach of contract.
Claims brought in respect of deeds: 12 years from the breach of the obligation contained in the deed.
Tort (excluding personal injury and latent damage): six years from the date the damage is suffered.
Personal injury: three years from the later of the date the damage occurred or the date of knowledge of the person injured.
Negligence (in respect of latent damage): the later of six years from the date the damage occurred or three years from the date on which the claimant had the requisite knowledge and the right to bring such an action. This is subject to an overriding time limit of 15 years from the date of the negligent act or omission, regardless of when the damage was discovered.
Fraud: six years, but time only starts to run when the claimant discovered the fraud, or when he or she could, with reasonable diligence, have discovered it.
Defamation: one year from the date of publication of the defamatory act.
These dates should only be treated as a general guideline as the expiry of the limitation period can vary according to the precise circumstances of the case.
https://uk.practicallaw.thomsonreuters.com/7-502-0631?originationContext=document&transitionType=DocumentItem&contextData=(sc.Default)&comp=pluk&firstPage=true&bhcp=1
in 12 months time when Debs is finally liquidated for small change I'm sure the bond holders will think why didn't we accept MAs offer. A combined HoF Deb Spd has a chance, but on it's own it will imo just continue to loose money and will lead to eventual capitulation. If MA does successfully prove in court that rules were broken in the events that lead to the company being taken into administration, then at least ex shareholders will manage to walk away with some form of compensation courtesy of those responsible.
Condition (ii) My Lord.
How revealing. Does you username refer to mistakes made at the altar?
Plenty more to come, and it's not the first time either: https://youtu.be/RZ2oXzrnti4
, what then? https://www.theguardian.com/business/2019/may/19/mike-ashley-seeks-support-for-legal-challenge-to-debenhams-rescue
HoF didn't last long after it's CVA was challenged. If liquidation does follow, what does this say about the decision to put the company into administration vs accepting MAs offer?