Member Info for The.Crowman

In the bin you go.

Bye.

As a further comment - many clients I have advised love to use the contract to bully their contractor - permanently denying payment is very rare IME as typically it is not a risk any sane contractor would tolerate. Withholding - yes, the number of 'on stop' payment suspensions I have either instructed or been asked to instruct (normally against my advice - it often wrecks a client contractor relationship) I cannot count. They all got paid in the end and in full.

Lets see what the TS says - my guess is a hit to the bottom line due to recovery costs and no more. Think data breach Mk2.

@heatseek - As a contract manager for many decades I have seen many contractors buy work and then figure how they will deliver. My guess is Capita fell into the same trap. Sadly there will be no break clause this soon into the contract so blame will be costly and for Capita they hold the risk or at least they do until they cease to exist when the client holds the can.

The govt will have their lawyers all over the contract and are unlikely to do anything that will back fire on them. It will come down to how soon Capita can grab the issue and resolve or how much the govt want to contractually punish them. If it is the latter then the relationship will be fully broken and this will end badly for Capita. The govt will not care as they have someone to blame.

It was clear to me when the govt said they were looking at the commercial side of the contract they intended to sanction Capita. It is fairly standard and Capita should have expected this - whether they did is another story.

Another banana skin in the Capita history - like the data breach they continue to prove they lack the depth of talent to deliver on their high flown ambition.

I fear this will not change. Someone please buy them out at a fair price and put us LTH out of our misery.

£5 a share will do.

Indeed. It looks as though Capita are on top of the job now. The line "We are assessing this in order to support Ministers and to ensure appropriate commercial actions are taken" being the only part causing me concern.

Not sure why that is there or indeed what it implies however 'commercial' in my world always means reverting to some clause within the contract. Is it to support or punish?

The end of June position.

We are aware that the status of the scheme at the end of June is an important point to reflect on the effectiveness of our recovery actions. We are assessing this in order to support Ministers and to ensure appropriate commercial actions are taken. But from the point of view of you as the members, the operational work to process cases continues unabated. Richard Vianello, the new Pensions Director joined the Cabinet Office Pensions team on Monday 29 June to provide the long term and permanent leadership of the Scheme. Richard will continue these updates starting from next week and then back into the fortnightly cycle from then on.

I end by acknowledging the unacceptable and awful experience that so many of you have had. My team and I have done all we can to improve the position in the last 6 months and have been able to help thousands of people. I'm grateful for the messages and the challenges I have received from many members. There is still more to do, and I am totally confident that the hard work will continue unabated under Richard’s leadership.

Angela MacDonald

Second Permanent Secretary, HMRC

I am personally surprised we are back to here but the trajectory is certainly pointing to sub £2.50.

I think when we see £4.25 I will get my coat and leave at least until we do this all over again. Disappointing.

Short of finding a very wealthy Sovereign fund it is fair to say AML debt will sink them and the lenders will take control - DFE play book.

Whatever Stroll is I doubt at this point him and his cohorts are following the old AML script of throwing good money after bad, they will take control of AML before the year is out and with the leaner and vastly more sensible strategy I suspect it will finally make a profit freed from its debt.

@Thor111 - Its the design thats the problem with DBX. It does not look right from any angle whereas the Urus is the aggressive visually cohesive to the brand up in your face lux performance SUV beloved by females it would seem.

Mrs Crow who normally has no opinion on such cars thinks they are dogs danglies. She is not alone.

Aint that the truth.

I am sure there will be some trading opps over the coming weeks.

Indeed, nothing adds up quite correct here and thats the truth. APN should be digging into their financial backers to grow and yet they are runing rings round the market leader.

Someone - anyone needs to put THG out of its misery. MA - too tight with MM, Mars - maybe or just someone with the nous to sort the company out. Otherwise I fail to see what will change here. I was previously bullish on something good happening now I fear we will just mark time and drift.

Posts on here are deleted almost as if one Matt Moulding works as board moderator.

It is a shameful situation but that’s what it is.

Shorts increasing off barely 30p suggests the AGM results have leaked and they are not good. Hey ho find out in the morning.

Seems like a sensible strategy - why did it take so long.

DBX needs a restyle externally and brought to G-aydon - St Athan was a mistake.

IG work well and have no fees. I had my voting email on the day the AGM was announced - I voted them all No aside of the accountants.

He has been 'bought'. Nothing more or less. This will be his swansong chair and he insists the pay for his cooperation is very good indeed.

Time is nearly up on the VAT refund, another porky from the master of porkies? Whale - was it four years ago they were about to land and yet never did and now frankly hardly matters.

Sleight of hand... I have stronger words but this BB would pull the thread.

Https://www.youtube.com/watch?v=vqZDliuuvcw

Settle in but for holders do not expect a happy ending.

Mukiwa - 1400 posts? Hardly. I rarely post about anything anymore so you are confusing my recent posts on AML as though that is all I have an interest in.

I watch this thread because the whole AML facinates me - the car business, british management, Palmer, the whole IPO con job and not least the refusal on here to see the wood for the trees. Everyone hates CG26 and that pack mentality is another draw, he is a one ball juggling act I accept but reading the protest to his predictions is always interesting in terms of investor psychology. Last but not least as petrol head I want to see Aston prosper and turn things around without simply being a name plate for a chinese company.

Thats my interest and it sure aint 1400 posts - maybe 50 tops.

You do realise they will need to raise more cash though? It is inevitable. That was the main thrust of the Telegraph piece - just how long will Stroll / Yewtree keep stumping up to keep the lights on?