Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
That is without doubt the most honest and well thought out post from Suzy in over 13 years on lse.
The crossed fingers illustrate perfectly the reason for staying invested or indeed making further investments here. Whereas we know the only thing left inside Pandora's box was hope. Although I would add despair which would eradicate all hope.
Well done suzy, all in all a well thought out contribution to the position of BEM at this time, if not a little late in coming.
There comes a time to let go, I believe this post confirms that time has finally arrived.
DYOR. This is not financial advice. 🤣
“The EU is expanding!”
The exclamation mark is well founded….this post may be too long for the author as he has explained before he has difficulties with reading long posts. Probably the reason his facts are inaccurate.
"Wealthier European Union regions are concerned that enlargement could result in a reduction in cohesion funds
EU cohesion policy, about one-third of the overall EU budget, is the EU’s main instrument to help poorer regions catch up with richer ones, although richer regions are also eligible for funding, although in smaller sums."
Here's the queue to even that up to assist the richer ones.
Albania.
Bosnia and Herzegovina.
Moldova.
Montenegro.
North Macedonia.
Serbia.
Türkiye
Good luck with that lot, you suckers, and the resident joker who's been renamed StickyToffeeTwat.
EU countries have a different method of calculating their financial figures.
“More than 200 economists have recently called on the European Commission to overhaul the way it calculates its core economic forecasts and better integrate critical environmental factors into its baseline models”
“The choice of model to inform decision-making is clearly non-neutral.”
Just saying.
MVarawa, this quote from Thomas Sowell sums it up. The same can be said of CEO’s and politicians, accountability out of the window.
“It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong.”
When the Bank of England's chief economist was asked to explain why its forecasting models had failed to anticipate runaway inflation, he sought to manage expectations.
"All economic models are wrong, but some are useful," Huw Pill concluded in a letter to lawmakers last June that laid out the limitations of prediction methods.
A nine minute read if you're interested.
https://www.reuters.com/markets/europe/bank-england-forecasts-dock-bernanke-verdict-looms-2024-03-11/
“As British shoppers try to stretch their spending further each week, supermarket leaders Tesco (LON:TSCO) and Sainsbury's are using their superior financial firepower to win over customers from debt-laden rivals struggling to compete.”
Source, Reuters.
You'll probably find that in the end, there's no substitute for quality.
As the title suggests, just like the Banks really.
“Labour hires Mark Carney to help unlock billions for spending plans. Labour has hired the former Bank of England governor Mark Carney and the boss of Barclays to help unlock billions of pounds in private investment after it was forced to abandon its £28bn green spending pledge.”
Assisted by Torsten Bell chief executive of the Resolution Foundation and the former head of policy for Ed Miliband and special adviser to Alistair Darling.
They're coming after your money. Before you realise, your pension monies will be whittled away. They've got form raiding pension funds. Keep your eyes on the 25% tax free withdrawal, after that it's open season on your savings.
Now they have to make up the Nom-Dom shortfall.
A long day indeed Hardup.
The same nonsense disruptive discussions led by the same disruptive wind up merchant that now goes under the name of StickyToffeePudd. The blokes a complete loser and yesterday acted like some sort of admin guru overseeing individual posts. If that wasn't enough he's now joined by another pharmaceutical expert COVID idiot under yet another user name.
“there's still a lot to do before the mine is up and running, I'm beginning to believe again. TheFarEnd...get your teeth into that...while you're here commenting on a share you don't follow.”
Suzy, if this company gets delisted, wound up, liquidated or whatever. You'll still be on your phone/laptop clutching your worthless digital records of BEM ownership singing the praises of this company.
As for “commenting on a share you don't follow” I still hold a few ‘free’ shares here, not that it's a requirement to post on these BB’s.
“And shortcomings? Presumably not your own though. Slightly narcissistic don't you think?”
Everyone has shortcomings Pocko, my views on BEM are well documented here and completely transparent, such as selling into the rise two years ago.
After 12 years, I no longer follow BEM.
However, already this Dmytro Siergieiev is being projected as the saviour of Beowulf when, as I understand it, its still not been established if a mine will ever be built.
Investment is about returns not clinging on to wild fantasies. The granting of the licence was your panacea never to be repeated. Face up to it, It's a dead duck.
“Posters are well aware of the failings... Well documented.
And you make too many assumptions. But if it makes you feel better about yourself. All the power to you.”
Pocko.
Of course these failings are well documented, but my post was about the shortcomings of the investor to act on these failings. The result is for all to see…. negative comments.
It doesn't make me feel better about myself, on the contrary I feel for the current holders here who are still underwater. But that is probably due to not making any assumptions, and rightly or wrongly, acting on them.
Think about it.
“And the point of this pearl of wisdom?”
The point is Pocko, that anyone who's been invested here long term, and there are plenty, should have by now, taken their profits and moved on.
Because it's totally un-investable, as I said a “dead duck.”
Oops! Big rethink required from the opposition, 50% of their flagship Nom-Dom policy's disappeared, manifesto shot to pieces.
Meant to pay for an additional £1.6bn for the NHS. But wait, did I hear an extra £2.5bn mentioned already today.
Starmer playing catch-up again.
Hunt adopts the labour flagship Nom Dom policy and allocates the revenue to other public services.
Already labour's expected revenue of £3.6 billion from the Nom-doms has been watered down to £2bn.
£1.6bn will go to the NHS, the rest will go to primary school breakfast clubs.
So that's the doctors and kids taken care of, the rest of us will have to make up the shortfall.
Which leaves labour with 50% of their policies up the creek. Don't forget these are so-called flagship policy's.
Don't mention the £28bn, that's already gone. 🤔
I wonder where the other source of revenue will come from?
Just saying