Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
I hope you're right RoxburyHouse. But if the rate wasn't fixed at the time of the refinancing discussions then the short makes a bit more sense. Today's drop also makes more sense in light of the news on inflation. I may be putting two and two together, and getting five. Wouldn't be the first time :)
The BOE have said they expect inflationary pressure to be temporary so hopefully they'll leave the base rate well alone, at least, for the next three months. I don't think they will do anything radical, even when they put rates up, but it always hangs on the data they are considering at the beginning of each month. The longer they take raising rates, the better for CARD.
I wish we could wind the SP forward 12 months but there is a bit of mess to walk through in the short term. With a little luck the vultures will go hungry on this one.
GLA.
There has been some talk today of a rise in the base rate next month. When you're carrying £70m in debt, the thought of an interest rate rise must be a concern.
Presumably the cost of servicing the debt will increase if interest rates go up...?
HH - there weren't any process issues first time around, as far as I'm aware. It was simply a case of the deal on offer to creditors not having been good enough.
The question around the offer to creditors in SOA V2 will be whether or not it is fair to creditors. Sadly, the FCA doesn't care about other stakeholders.
The BOD will do its best to look after the wider stakeholder base, including shareholders. However, the FCA do have them over a barrel right now.
GLA.
Oooh., I know. It's TurboT? Like the fish...?
Did I guess right ARSENAL17? What's the prize anyway? Having you filter the winner's name for 12 months at no expense? I already got filtered by your Highness so nominate cw1966 if it's a bullseye.
Couldn't be TenanT. That would just be weird :)
Told you, ARSENAL17 can't help but use the word "mate" whenever he posts. Twice in his last post!
ARSENAL17 had an average of 143p odd earlier in the year (if memory serves) and should be around breakeven now. He was averaging down so may even be showing a small profit. I think he knows my trading strategy has worked out much better and I suspect that his hostility is probably down to sour grapes.
Don't hate the player, hate the game "mate".
Hey ARSENAL17. Nice to see you have something constructive to add to the debate, as usual.
Your memory seems to be fading. I'm holding a shade under 310k shares at an average of 93p. RR has done quite well for me these past 12 months so it was almost worth tollerating your nonsense posts all this time.
I remember you posting last year that I'm not going to be around in 12 months. How's that worked out for you... ? You also said you'd filtered me because, like countless others before me, I was a "Troll". You seem to be reading a lot of my posts though...
Anyway, why do you insist on telling everyone on here who you have filtered? Nobody cares how you manage your account. Honestly, absolutely nobody cares. Why don't you just keep it to yourself "mate" - another classic ARSENAL17 phrase.
Glennhoss - I'm not a Guardian reader, if that's what you're suggesting. I've not subscribed to their service and don't buy their paper. In fact, I don't recall ever buying their publication. I read their online news articles as much as I read any other (bar the Express, which I try to avoid).
What you say about papers steering to the left or right is well known and not in dispute. However, you overlook the fact that there are extremes at both ends. The Express is one of those extreems. You only need to read their article on RR to see that.
As an investor, I can attach very very very little value, if any, to articles published by the Express. Maybe when I retire, go "ga ga" and care not about the economy I shall change my mind. Until then it's a big thumbs down from me.
SS - I also gather information from all news channels but the Express isn't what I would call a "news" channel. It's nothing more than right wing propaganda aimed primarily at the elderly.
The article quotes Paul Stein as saying :"In terms of the supply chain, partly because of Covid, we have about £3.7billion worth of inventory on our books, so we haven't had any supply chain issues." Basically, they have a lot of unused inventory sat around because there has not been any need to use it.
A well balaned article would have raised the question of what happens when new inventory is required. Will there be any impact as a result of Brexit on the import and export of inventory? Obviously, the Express didn't want to go there because that would spoil the ongoing propaganda message that Brexit is all sunny uplands and we told you so all along.
Give us news by all means but try and filter the cruddy stuff. Cheers.
Maybe try reading a proper newspaper instead of a comic for the narrow minded...?
The words will probably be a lot longer but it will be worth the effort to get a balanced and rational opinion on the subject.
All IMHO, of course.
HKFuey - apologies but I'm not going to engage with someone of your callibre, or any other people who get their insights from the Daily Express. You lot are just waaaaay too sharp for me.
However, best of luck with your investments here.
Groovemaestro - this isn't the place for a Brexit debate but I feel the urge to set some of your BS straight.
Brexit wasn't a democratic success by the working classes. It was supported mostly by the people who had enjoyed prospetiry while working in the EU, had retired and were driven to vote Leave by BS stories published in the Daily Express about the EU wanting bananas to be straight (among other nonsense). Most working people, the 18-24 and 25-49 age group, wanted to remain. Most 50-64 and 65+ wanted to leave. So it was OAPs, rather than those of us in work.
yougov.co.uk/topics/politics/articles-reports/2016/06/27/how-britain-voted
This info is all on the YouGov site. Working class, middle class and upper class isn't specified but I wouldn't categorise Boris, Gove and Rees-Mogg as good old salt of the earth working class folk. Would you?
As for it being "foolish and premature to judge Brexit", it's neither. Brexit has been holding the UK back since the middle of the last decade. The FTSE has underperformed most of the main indecies. That's all fact, your ideas about the future are wishful thinking at best.
Nevertheless, let me know the date we get back to where we would have been were it not for Brexit and I'll stick it in the diary. And if you could also let me know the date that we will be ahead of where we should have been, I'll put that in the diary too so I can let the kids know why it happened. Assuming you don't have these two dates, I think it's probably best if quit that line of argument. The RR Qatar partnership just doesn't put the country on track to beat the deal we had as part of the largest trading block in the world. Hell, it doesn't even boost the RR share price to any material extent.
HKFuey - "Brexit was a scream from the British people"...? I think you'll find that 48% screamed against it and that the 52% screaming for it had a large contingency that will (with all due respect) probably be dead before the end of this decade. Brexit was a huge con secured through lies, some of which were painted on the side of a bus! Where is that US trade deal we were told would be the easiest in history? Nowhere, that's where. The gullible public lapped up the lies and we all got pulled down by their inability/unwillingness to separate fact from fiction.
I'm not sure what German capital you're referring to but I wish we had half of their motor industry. EVs are the future and VW (including Audi, Porsche and Bugatti), BMW and Mercedes are all industry leaders. They have been and always will be. We will always drive German cars, drink French wine and holiday in Spain and Italy. The EU has industries that we will never be able to compete with and that's a fact.
And let's not forget, without the "hippy poo" we would have woken up to the climate crisis far too late. I, for one, am grateful that there have been people out there for decades fighting to save the planet. We all owe them a debt of gratitude IMHO. I'm pretty sure we'd be really screwed without their efforts.
Good Lord! I see ARSENAL17 is still on here telling people what to do, labelling others "idiots" and his all time favourite label "Troll". Bless him.
Rr101 - it wasn't one of those matters that the BOD had to notify the market about. They would have done an RNS if the regulations required one. The non-regulatory PR is usually on their website.
A lot of good points there. Glad I didn't vote for these numpties. At least I can sit back and laugh at their incompetence without feeling guilty about it.
I allocated the bulk of my pension to overseas funds when the Brexit vote went through. Ironically, so did a lot of people who voted for "sovereignty". Says it all really.