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From Tortilla Con sal on 11th June (TeleSur article) Nicaragua has been a good example of how Western corporate and alternative news media are able to create a custom-made bizarro-world to suit the propaganda requirements of their countries’ elites. The current media onslaught against Nicaragua uses the whole toolbox of propaganda tricks portraying aggressors as victims, reporting non-existent massacres of peacefully protesting students, denying systematic destruction by opposition paramilitaries of public property and private businesses, even omitting attacks on hospitals and ambulances. The big fundamental fiction has been that a majority of people in Nicaragua reject the Sandinista government led by President Daniel Ortega. The converse of the lie is that most people support the so-called Civic Alliance composed of right-wing business leaders, right-wing political parties, reactionary Catholic bishops, US-funded NGOs and university students allied to those interests.

Interesting analysis. Should January 2018 actually read Jan 2019?

So Felix Maradiaga got cold feet and decided to stay in the US of A for the time being. Here is one link to an alternative news source. https://quixote.org/update-on-nicaragua-interview-about-situation-in-masaya/

The IEEPP is 'Instituto de Estudios Estrategicos y Politicos Publicos' or in other words another right-wing think tank. I guess they concluded in their thinking that there is no democratic route to power and that going out onto the streets was the only short term way of getting rid of the current government.

Undoubtedly the predominant reason for the recent share price fall is the political situation. The whole country is practically at a standstill and in quite a few towns there is disorder on the streets. I've been doing a bit of research and it seems that there is a US sponsored 'soft' coup underway. Using 'false flag' operations and by sponsoring gangs and mobs on the streets they have kept an advantage over the authorities for the last couple of months. One of the key players has been Felix Maradiaga. He has been much involved with the IEEPP, with the employers association COSEP. He was educated in the US and got an MBA at Harvard. He gets loads of support from the US via the NDI and an endless stream of similar acronyms. Now the Nicaraguan police (claim to) have uncovered his links to 'El Viper' which is a criminal network behind some of the worst attacks in Managua. Tomorrow he is due back in Managua after briefing his seniors in the USA. It's expected that the police will arrest him but his supporters say they will burn down Aeropuerto sandino if that happens. watch this space.

Thanks for that. It's the first positive news I've heard after two months of misery. Yesterday I watched the video pronouncement from Luis Almagro ("There are only two dictatorships in the Americas, Venezuela and Cuba") stating that Nicaragua has a functioning democracy but with deficits and stating that the way forward is through cleaning up the electoral process and via elections so I suppose that these announcements are the first step along that path. The alternative I guess is to declare a state of emergency, martial law, a curfew and bring out the army.

I guess there is not much MC can say to reassure us until the national dialogue produces some results. At least I have seen a statement from the army to say they are not interested in 'repression'. I've been in touch with a couple of Nica friends in Leon and they are pretty worried about the situation. Many people are hoping that everything will calm down. One can hope for that but probably best that MC waits until he has something positive to say that won't be overturned by the next demo.

It's often hard to get clarity about events in Nicaragua. Balanced an impartial information is difficult to obtain.The Nicaragua Solidarity Campaign is one place to go for in-depth analysis. Here is part of one of their recent on-line posts giving a brief background to the unrest. The trigger for the protests As is the case with countries globally, Nicaragua is struggling with the issue of how to strengthen its social security system to address the needs of an aging population. There is currently a yearly deficit of $80m in social security funding. In order to plug this gap, the government proposed an increase of 0.75% in employees� contributions and 3.25% increase for employers, with the retirement age remaining at 60. In addition 5% would be deducted from pensions to ensure full health care coverage. Pensions would also be restructured. These measures were agreed by the government, trade unions and the Union of Retired People but not the private sector who demanded a retirement age of 65, no increase in contributions, and other measures that would effectively cut the value of pensions by 13% a year.

Telesur gave initial results as FSLN (the ruling party) 87.5% of the vote. Next largest was the PLI with 5% and the PC with 3%. So its business as usual.

A bit of a milestone that... buys and sells at £100 per share plus a £1 per share dividend in the new year.

On the supply side, the number of electricity customers increased by 35% to almost 46,000 (H1 2013 34,000) and the number of gas customers by 82% to 20,000 (H1 2013 - 11,000). In addition, further Feed-in-Tariff sites were added bringing the total to 66,000, an increase of 27% (H1 2013 - 52,000). This brings the company's overall customer base to 132,000, a 36% year-on-year increase (H1 2013 - 97,000).

excellent idea!! I must try it myself.

You convinced me. I'm now back in at 7400p.

I wish they had informed me of the share price performance in advance.

Wish my other shares were doing this well. Have SHARE stated a buy back scheme?

Took its time but it just did

Ged, thanks for posting this. It's looking quite positive today +20% as I write. Any room for further upward movement do you think?

I couldn't believe the announcement this morning. yet another tory announcement proving that our government has no vision for the future and cares for nothing more than getting re-elected. Sold all my shares since I can see this dropping for a while.

Where will it end?

A letter just received from my broker indicates that the returned cash of 7.25p per share will be based on our original pre-consolidation share holding. This may explain the sp drop late last week.