Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Looks like the government and central bank have very different ideas how to deal with the current economy, and you get the sense that the government has just slapped the BoE in the face with today's announcement.
When has it ever been a good idea to give people more money during a period of spiralling inflation? I get the differing roles of the two institutions, I.e. BoE job is to dampen inflation and the government job is to promote growth, but the fact that both are at loggerheads does not bode well for us at all.
Was this a masterstroke from trussnomics, or an absolute disaster where interest rates will have to be jacked up into double digits in order to prevent a looming currency crisis and runaway inflation? History is not on their side
So the government have elected to spend their way out of this hole. Well let's just say history is not on their side for this one.
Cutting SDLT is a good idea but at the wrong time. You also have to question how this will help the property market given these cuts are not temporary, so no time pressure in terms of rushing to completion, and the fact that interest rates are going to continue climbing therefore still making mortgage payments unaffordable at this time.
ITV's response was cringey. No apology to the public (right or wrong, given the mood of the public they had to sound a bit sympathetic and apologetic).
Instead, they come out all guns blazing and call the members of the public "trolls" for voicing their opinion on the matter? What brainiac thought calling mourning public trolls was a good idea? Well now there are 65k trolls and rapidly growing.
This is PR 101. Whether right or wrong, profusely apologise! Whoever commissioned their response needs the axe! Options to contain this situation are evaporating fast.
This is not going away. SHs will want a full explanation of how this has happened.
I couldn't agree with you more winstanley. Some of what those who queued say makes me want to cry for humanity. That's the power of propaganda and its ability to brainwash!
Ironic that those moaning about a queue jumpers are queuing to see the biggest queue jumper that had ever lived. By queueing, they conform to inequality such as so called celebrities getting preferential treatment.
However, ITV should have known better, and it appears this is not dying down. SHs once more will take the hit for the decisions of executives to send these two in, and for these two brainless fools who agreed to go in.
Any opinions on the backlash over this morning presenters?
ITV are downright stupid for not taking the temperature of the room before sending these two into Westminster hall. Who thought it was a good idea for two high profile and well known presenters to appear to skip a queue? SHs are entitled to a full explanation of this idiotic decision.
These two should have known better too. A massive error in judgement is putting it lightly; more like a monumental PR disaster. If they had any brains they should have refused.
This doesn't appear to be going away, and if ITV are forced to let these two go due to their tarnished reputation for which they are partly responsible for, this will no doubt affect the SP.
Central banks now starting to take inflation seriously and talking of 100bps rises. The UK must follow suit! Better late than never I suppose, but it must happen. That will effectively freeze out all first time buyers given the ridiculous houseprices, and demand will dry up overnight. Then houseprices will tumble.
The only good thing is the energy price cap which should flatten the curve, but that curve is going to have a very flat top, so prolonged, elevated inflation could be what we are in for. I don't understand why truss doesn't want to pinch a little profit from energy companies to lighten the load.
Blind admiration, in my mind anyway, is a curious human trait. To me, it makes absolutely no logical sense, but to many it makes absolute sense. As such, many dictators and autocrats weaponise the bizarre human trait of blind admiration and have used it across time for their own benefit and to commit the greatest atrocities. Blind admiration is the most dangerous admiration of them all.
I have the most admiration for people who have travelled great distances (socially and economically). I.e. leaders who lead great companies and world leaders who have come from, relatively speaking, nothing. This is because they have had to compete to be where they are. As simple as that. The lower they started from and the higher they rose, the more admirable I find them. Meritocracy with a dash of homemade luck.
So how far have members of royalty travelled? In my mind, zero, meaning they were born with extraordinary privilege, and will die with extraordinary privilege no matter what they choose to do with their life. It would seem then that members of the royal family can only travel down.
But then we come to the queen. Why in my mind is she admirable? What makes a member of an autocratic family admirable? That's a simple answer.....time. Time has made her admirable, not distance travelled; an entire lifetime of time in which she has been a force for good. Now ask yourself, will there ever be an admirable unelected head of state of her magnitude again? The answer to that is no. Therefore, why should we tolerate monarchy any longer once we have seen the best it could ever get? Why should God save the king when so many people around the world that need saving more? Why should I admire him when there are so many people in this world to admire more through the vast distances they have travelled?
One way or another, admiration should be earned. Unfortunately, humans don't quite work based on the laws of logic and ideas/concepts are unfortunately rather hereditary without too much independent thought. This, and this reason alone is the only reason why such an illogical (given the context of modern society), archaic institution such as monarchy prevails.
Couldn't agree more happyhaddock. Being a staunch anti-monarchy/pro-republican myself, her death has still resonated.
We have lost a great woman and a huge connection to our past absolutely no doubt. She was as close to a perfect monarch as you could hope for.
However like everything in life, all things come to an end barring nothing and nobody. For the monarch to end on such a high with this magnificent woman, wouldn't that be better than now letting it drag on in slow decline to those far inferior to her and will never again enjoy the popularity she supported.
Her passing marks the beginning of the end of monarchy; I say let it die out with this woman at the heel, with grace and dignity.
Very dangerous thinking Steveb. If I had a pound for the amount of times I have heard that something is never going to happen, I would be a rich person.
The only thing propping up the market is supply and demand. First time buyers are the engine of houseprice growth and stock demand, but can dry up in a blink of an eye when interest rates are pushed up beyond the point of affordability. Once first time buyers stop buying, and those coming off fixed rates can't remortgage due to tightening, they will be paying hundreds more per month. For some, this will push them over the edge and so will be the beginning of repossessions and distressed sellers.
The cap on energy should lower the inflation peak, but where will interest rates peak? I still think 5% is very much on the cards, and that would cause demand side to dry up, causing a correction in house prices. Fully expecting houseprices to drop 10%
Privatisation was a partial sucess I would say. Selling off telecoms and bt was a huge success as a monopoly no longer existed and competition was allowed for the first time ever which drove down prices of these services massively.
However state assets like BP, BA ect were sold far too cheaply, enriching the already wealthy even more and driving apart the wealth gap further. Not saying she was perfect, and she made big balls ups like the poll tax, but Maggie knew how to tame the beast of inflation.
This time round it should be easier to do. She had to contend with a huge manufacturing sector which caused huge unemployment and a very strong pound. I can't see high unemployment being an issue this time around as we got rid of all our heavy industries, and the pound is weak which helps exports.
Houseprices are totally detached from fundamentals. Decades of keeping interest rates too low and effectively being rebased to 0% or very near due to central Bank fears of a market hissyfit even if they raise by a fraction (hissyfit of 2015/2018), government failures in replenishing Council stock they sold on the cheap so HA's and private landlords back in the 90s could rake up portfolios of hundreds of properties and enrich themselves, and stupid tax incentives like zero stamp duty have all driven up prices into the stratosphere and caused us to have one of the highest inflation rates out of the G20.
Good luck to them if they do. There is not a single reason why given the current state of affairs. We are on the precipice of interest rates having to go above and beyond 5% in order to tame inflation.
Despite the government's desperation to save the ridiculous housing market from collapse at the expense of everyone else just like sucessive tory governments have over the last 2 decades, as each day goes by this becomes a harder and harder task. Not that I agree with labour's spendthrift ways as you can't buy your way out of an inflation rout. A bit of oldskool conservatism is desperately needed! God bring back Maggie, this country needs her more than ever; the only politician of the last century who knew what it took to deal with inflation and had the spine to follow through. Smack the interest rates up 10% and rebase, and survival of the fittest in terms of who keeps their house, and those who overleveraged will suffer the most which is 100% the right thing as opposed to modern tories thinking of the very poorest always taking a hit to cushion those who are overleveraged which creates far more problems. After all, why should someone at the very bottom of society who struggle to live day to day have to pay for someone else's inability to service their debt.
The best thing the spineless BoE can do is at least catch up with the US. A 150bps jump for starters is needed or our currency will be the next Zimbabwean dollar. Or in true British style, will they act only once the horse has well and truly bolted? 20% inflation? 30% perhaps? 40% anyone? It's a ticking timebomb and the market are only just beginning to realise this.
LOL that's a hard one to sell William.
200bn shares at 1p would raise £2bn. Why do you think this is beyond the realms of possibility? This is the magnitude of dilution current shareholders face!
The current mcap is what the market believes the current equity is worth. You need to decide for yourself if you think current equity when considering the magnitude of debt and the pecking order of SHs when it comes to picking the carcass of CINE is worth c£25m. I am of the opinion that it is not.
My god anyone still buying into this?
The company wrote that existing shareholders will be diluted to oblivion. I'm not sure what else the company can say to tell current shareholders that the equity as thing stands is now worth zero.
I get punters who are attempting a 10 minute trade who know the risk. But some actually still believe CINE will miraculously come out of this unscathed and undiluted? Then ypu get some that state they have already lost 90% so there's no point in selling.
10% of something is better than 100% of nothing! Money does weird things to the brain of PIs.
Persimmons is getting discriminated against purely because of the yield figure. A company with a 15% yield means one of two things. Trouble or an unsustainable yield that will be cut. Very seldom does the market drive up a dividend so high by mistake.
Having said that, a 50% cut would still represent a nice yield, but would no doubt decimate the SP further (very similar to shell when they slashed their divi 66%).
That with the fact that we haven't seen how housebuilders will cope with a falling property market, we still have no idea how much these companies will be affected so are still very much in the dark.
Absolutely not surprised to see 14s again, and depending on what houseprices are doing will now dictate what happens here
8bn is taking into account IFRS 16 rules, ie long term lease commitments ect
Losing $8bn or losing $8.2bn more like allkap
Stanley, what's the point in CINE lending another couple hundred million to make ends meat and prolong the inevitable for a couple more months? Also who would fund this? This company is untouchable given the state it is in for any creditor and for any interest rate let alone a loan that will give them a couple more months on life support.
A major restructuring is the only way out for the survival of the company. I personally think CINE will survive in one form or another and come out the other end. Not that this will much benefit current SHs who will be totally wiped out and current BHs will have to accept pennies for their pounds.
The only beneficiaries will be the new creditors who can effectively dictate the covenant terms any way they please.
Unfortunately it really is over here for PIs. With billions of debt and a £40m mcap, a debt for equity swap would prove catastrophic in terms of dilution. To raise a billion even if the BH decided to convert to equity today would mean 25x more shares, or 96% dilution.
In reality, a debt for equity swap or injection of capital will happen significantly lower than today's price. Such is the magnitude of their debt, it is a 99%+ dilution any way you look at it.
This is now worth zero, or ad close to zero as you can get.
To even raise a billion, current shareholders will be diluted well over 95% given the mcap of 40m, and thats considering they raise or convert at 3p...that isn't going to happen!
It will be a 99%+ dilution which will obliterate shareholders. A massive consolidation will then take place....100:1 at least.
Trade if you dare...but my advice to lth's, take your 3p and run! Something is better than nothing! Chalk it down to experience and move on.