Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Funny how our politicians profess their desire to make the UK a technology hub; how R&D is vital for growth but then don't do anything about it. It's almost like they are being slightly deceitful!
Yes, I've used Direct Line for both Home and Car insurance in the past. Never made a claim on any type of insurance in 35 years of paying out to various insurers. My Car is nothing special, nothing had changed and yet they have priced themselves out of gaining my renewal. I'm about as low a risk as you can imagine and yet managed to get insurance for almost half what DLG wanted. They seem to have some serious issues in terms of gaining and retaining market share, so I sold out of this stock at a loss. Better opportunities out there. I would consider investing again under a revitalised management team, so will keep an eye on it.
Steve, as this illustrates, the Citi analysts "know" nothing; neither do any of the other broker analysts. Your approach of talking to someone on the ground is far more illuminating than sitting through a PowerPoint presentation or running financials through black-box algorithms. Good old common sense and sticking to a limited number of industries (as strictlybricks does) can reap handsome rewards and help avoid some pitfalls. The analysts seem to get their fees regardless of how right or wrong they are.
@Elguiri - I agree, maybe we just have a nice sane conversation about the price of gold, pretend none of this happened.
I got 214.6511p at Barclays, but sadly only for a few hundred having blown my wad slightly too early at 249p. Ah well, it all brings my average down (seeing as my first buy was pre invasion).
RNWH subsidiary AmcoGiffen are will share in the £2bn programme of works in Wales and Western region over the next 8 years. AmcoGiffen has two contracts: Wales and western electrification and plant, and Wales and Borders structures. Another useful contract win.
https://www.theconstructionindex.co.uk/news/view/five-share-2bn-railways-framework
Maybe it was carlt that bought 'em!
Wow! Thanks for this comment... Not that I took it as investment advice of course, but it made me think about the recent run up and I agreed that it may have a got a bit frothy. I knew there was an update coming (although the date wasn't on their investor relations page) so I sold on Friday at a tad over 59p. I've never timed anything quite this well! I'm back in today at 48p as I still believe in the long term story here, but again... thank you for making me think!
If the management have a grip on things, they would have seen this coming. In which case, why waste all that money on share buybacks earlier? They should have waited until now to pick up the shares cheaply and support the price. More worryingly, what if they didn't see this coming? That either points to incompetence or a Putin-esque leadership to which none of the minions dare tell the truth. Either way, this is disturbing from the top management.
If you check previous RNS and the many posts below, the dividend cut is planned, expected and hopefully priced in. General consensus seems to be the divi will be halved, which makes sense. That still gives a chunky yield around 9% and will put the finances on a sound footing for the future. Some very good discussions on this board, we could of course all be wrong and the future is unknown, but I'd be surprised if this dropped to £10. Unless of course the entire market drops 25-30% in which case PSN would doubtless follow suit... If you don't like it at this price, I'd stay in cash.
Indeed, the future looks bright for RNWH even if the rest of the UK economy looks a bit grim. Infrastructure spending tends to be treated differently to current account spending and is looked upon much more favourably by financial markets and lenders to UK plc. Indeed, if Truss/Kwarteng had announced they were spending the same amount but on infrastructure improvements rather then tax giveaways, they probably would have got away with it! RNWH are clearly in sectors where money will be spent even during recession, so should be far more resilient than many other stocks I hold.
GLA.
The markets tend to look a long way forward, so any coming recession should already be priced in and now we are looking for how the housing market will recover related to interest rate peak and duration. Unfortunately, it is looking like the UK will be worse affected than most, we appear to be not just the sick man of Europe, but most of the G20! As long as the housebuilders have prepared their balance sheets in advance, they should be able to wait this out and come back strongly, it just might not be quite as soon as people are hoping.
GLA and a Happy New Year.