Member Info for Taverham

I am going for £700m as it looks better to release lower profits in times of austerity - even if the provision is not needed.

Premski- great piece of work and thanks for sharing.

Janman and Profit, please squabble on another board.

67sam, I watch IG TV each morning on you tube and they often have Axel, the author on there answering questions - he is a top technical analyst for sure.

Just bought another £3k on the basis that gold will march past $3000 and the company is already too cheap . [ I was thinking this sub £1 before christams!]

Walkersworld- we had exactly the same problem for exactly the same reason. It took me days to provide a trace because we had opened multiple accounts each with £85 k to protect against bank default . Worse still the interest changes meant we had typically 4 or 5 changes within each provider as rates went up and new accounts wer needed to secure those better rates.

Laugably , we could have been drug dealers as all some providers wanted was a statement from a clergy verifying who we were to open accounts - and who could'nt produce one of those in 10 minutes on internet. Whole system making life very hard for honest people.

The USA has played a blinder - Ukraine has degraded the Russian military and used up the out of date arms piles, paid for the privilege through losing its people and assets . Now that is accomplished the USA wants to focus its efforts on China so is disengaging from Europe and selling us weaponery. Trump is just the mouth piece for this phase of their foreign policy which is basically to dominate the world and degrade the opposition , which was the british empire , then the soviet union, then the eu and now china imho.

Fall - caused by Jet2 cautioning on cost pressures

Saxman - I don't know where school fees come in the inflation report but I heard it on R4 this morning - my guess would be services.

I still find it hard to believe that the change in CFO has resulted in the demise [almost] of this company. Was the previous guy a crook? Does the new one understand the sector? Wtf are the auditors doing - just milking the review? And all of this is being managed by the ceo who must realise he is a dead man walking .

So inflation as measured by RPI hit 3.7% last month - above the preferred cpi at 3 %, driven in part by private school fees. So who should be sacked , Reeves for mishandling the economy or Bailey for cutting interest rates too soon? Maybe both .

I have also taken a position this morning, I am on my knees hands clasped and praying.

Given that the suitor was offering around 220p last time - they will surely come back at say 60p and be successful?

So our CEO has been in post for sometime and prior to the new cfo arriving everything looked rosy. I am thinking that they must hate each other now because the CEO looks the fool that he is and has lost money. As part of debt restructure he has to go and that will happen unless a takeover happens first. all imho.

So what the company have announced in effect is we have flate earnings because we have to spend more to stand still and this has hit margins - oh and btw things are great but we won't give any guidance yet in numbers. Hence sp drop. I am a holder here btw and think we will need increased vol to move the sp very much. The lower rate of buy backs says to me expect only 9% eps growth this year.

Good but not great imv - greater spend has pulled margins down and shareholder returns mmuch much lower this year - vague guidance. Bright spot was 13% eps growth. I think sp will fall around £2 unfortunately - we shall see.

Knot, I am not sure that the Treasury would have made no difference because the objectives of the FCA [ to protect its own reputation nad the career of its boss] and the Treasury [ to protect its own reputation and the career of its boss] are not necessarily fully aligned. Of course we will never know what is presented and what is significant to the ultimate ruling.

STP - agree a strong pound is generally a good thing -particularly if based on a strong economy. If it is strong because we have runaway inflation meaning we will have higher for longer interest rates that is a bad thing. Cpi data out this week will confirm it is the latter unfortunately.

Ice, I am not trying to spread FUD - I have been averaging down! I used to work for Amec and get about 3% of my income from Wood as a pension so have every incentive to see this thrive. My point si that there were lots of smart guys in Oil and Gas in and around Aberdeen around the early 2010s so how in heavens name have we ended up with such an incompetent CEO ? He should be sacked.

Ref the review ,Back in november the ceo stated in the RNS;

This review will focus on reported positions on contracts in Projects, accounting, governance and controls, including whether any prior year restatement may be required. An update will be provided as appropriate following its conclusion.

So given projects is only one third of the business, it can't be right that the performance there is so bad it is dragging down the whole group causing bonuses to be cancelled and businesses to be sold to keep cash flowing surely?

I am feeling that the November statement was misleading and the CEO has to go.