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@Valueplay
I don't understand how you are concerned for MKS in the second wave (I am working on the assumption that it will be Winter) but are feeling comfortable with Ocado ?
MKS already have a pretty decent online ordering and delivery service for all the non food lines.
I would expect all trade payables to be due within 30 days before becoming an aged creditor (under 12 months) as a standard benchmark - we don't have an ageing profile for this value so cannot judge its context.
They have prepared these accounts as a going concern so.....not sweating it just yet.
Not helped by the trades shown here - I've made two purchases this morning, one for 7k and the other 3k.
Neither have shown up on the trades here as a buy or a 'sell'.
These will be a LTH for me.
I had something to do with the share issue wash through my trading account yesterday - which I thought was early ?
It bore no resemblance to the extra volume I had requested (it was much less) - I had actually cancelled the request for extra shares on my Trading account, opting to put them into my ISA instead. The ISA had an impact of £2 to do with RBG yesterday.
Asking II to help me understand what the chuff has gone on !
@ Wolves.
Np - I forgot to add, one of my turns there was managing a project on their fourth attempt to do the same thing. They also said I was 'too delivery focused' when my weekly report highlighted that someone had not done the thing they were meant to and were kind of refusing to do it at all.
And it was nothing difficult to do either - most other ftse 100 companies had done it before them.
Yes, I am being deliberately vague :).
Yes I worked at Sunbury 'village'.
BP culturally is an echo chamber - it wants to be agile and forward thinking, an agent for change ! But it isn't because it struggles to accept any sort of constructive feedback that might be even close to being negative.
I have worked there a couple of times now as a Contractor and its been the same each time even though in completely different parts of the Group.
They like flat structures from an org perspective, they love agreement, group thinking and behaviour, they don't like challenge, they have developed a culture where its rewarded to have as little personal substance as possible and be just the thing they want you to be - which is to say, reinforce our view of ourselves or life's going to be reaaaaally hard for you here. So every day you have to jump through their corporate hoops to ensure you are all good corporate citizens however their actual values (i.e they ones they apply when no-one is watching) are wafer thin.
Its a bit of a head fk to be honest - they say one thing, but actually do another.
I remember being on one of their 'town halls' and they were talking about a sailor who went missing off the back of a tanker and how challenging it was that they had to go to High Court because the widow took them there for negligence.
Not one word about the loss of life. not one. Just what it meant for the company. I think that sailor had worked for them for over a decade.
Another example ! They love do safety moments at the start of scheduled meetings which is where someone shares an 'incident' they had so the group can learn from it and all be better safety ambassadors etc etc .
Some poor bloke woke up to burglars in his house with his wife and child asleep - got down there with a bat etc chased them off. Police out, interviews, no sleep, turns up at work just in time for said meeting. Shared his experience, clearly still in shock. Rest of the meeting spent 15 minutes telling him what he should have done better to prevent this from happening and protect his family in the first place. Shaming a bloke in shock was ok because it was the safety moment.
These are small examples but are an insight to the strange world that is BP.
They will be slow followers into the alternative markets that we are loving here - and they will achieve very little through their own innovation. They will buy other orgs out.
Which may be to our advantage after all :).
Z Cars - I have worked for BP and can confirm their project management is appalling and they think nothing of doing the same project more than once, probs bcos they are sloshing in cash, all while failing to learn from the first attempt.
Times will change for them but the cultural shift that is needed will happen long afterwards.
Hi all,
I may be the only person who didnt know this, but just in case !
If you want to offset the purchase cost of your Carillion shares against your income for 17/18 and you fill out a self assessment form, do this in the unlisted shares section so the deduction is automated. I did it in the listed shared price and HMRC had to change my form so the deduction would be taken into account. Have to say, HMRC's web chat service to help with SA is pretty good !
Imp - just a quick reminder that everyone is super awesome and bang on the money with hindsight.
Said kindly, watching you on this BB is akin to witnessing a teenager hurtle through their first crush, with all the highs and (mainly) lows that we all remember, like some sort of emotional pinball where your best mate gets your girl in the end.
Please get out, take a break or sit and wait - but please do something to move yourself out what seems like a spot of turmoil.
LGO - but you aren't a SH are you......and am not sure why you feel the need to provide a running commentary on why you aren't and when you might be.
I suspect Jeffry has a rainbow to sell you Chesh :)
'Too cheap' Jeffry ?
Nice touch Yorkie !
Imp: Do you think you might save your "special" humour about women/sex/euphemisms etc for your private life / chats ?
Poor nights sleep was it C4 ?
I recall Bonker calling out the cash splurge in Nov and what that in turn meant for the SP in the short term.
That doesnt make me any less p*ssed about whats happened but I am clear on who made the decision to invest my dosh in MTR - and that would be me. And its down to me what I do next as well.
Plenty of learning to be had all round including how to suck up the difficult feelings on not being able to predict what people who have our money but not our interest will do and why. It is hard but if you can't do it or don't want to, then pay someone else to invest your hard earned (and take responsibility) and find something else to do.
Although MOD and MTR have a JV and therefore some shared objectives/commercials, it may be worth remembering that they are two different types of company. MTR invests in companies who mine, MOD is company that will either be taken over by someone else who will mine or it will start mining. Where the JV is in place with MOD, MTR has to pony up its share of the costs - where it has flogged its share, it does not (example: T3). MTR will still benefit from everything that MOD does via its balance sheet as it reflects the overall value of MOD, not just the bits where there is a JV in place.
I could argue we lost control as well as the cost burden associated with T3 - we won't know whether the deal was truly a good one or not for a while yet.
It does feel to me that MOD has been on go slow with assays and other news that shareholders would find useful one way or the other. Adding to which, MTR did not cover themselves in glory with the recent issue - it does not feel to me that either of them are being transparent but then we are not their priority, making money is - we are here to get the tail end of the making money as a by product of what they do. None of them are in it for us.
I like MTR's model because it is more than its interest in MOD which is difficult to tell sometimes on the BB's - it has diverse interests and therefore a distributed risk/potential reward thing going on.
So in summary, I am not sure why these two shares are a one or the other type of choice.. If I was looking for a pure mining stock, I would look wider than MOD due to their behaviour/performance in the last year.
I went for MTR as an investment vehicle, rather than a miner proper - my current average is above todays SP. I will be holding and making a decision at the start of 2019Q2 unless something chuffing awesome happens in the meantime.
I think this share will come back but I doubt we will see it coming or will be able to predict what it will be.
Happy, happy days..........
T.