Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
That's a good story for those that believe the management are inept and do not know what they are doing.
The potential of KM is phenomenal and it's helping to diversify the group away from pure fast fashion.
I suppose the question is could the Russian government strip Evraz ownership in Rasp like it is potentially stripping away the ownership of the Evraz Russian companies.
The UK government were having beef with RA long before the war started ....
The idea that the war will end and sanctions will be lifted allowing him to carry on enjoying the ownership of this company is fanciful at best if not completely idiotic.
'Rev B SP going to be more than Boo soon'
Hexam - This post just about sums it up lol.
Nothing beats understanding company fundamentals and more importantly their business case and strategy to get there. Fundamentals win out in the end.
TA is for trading not investing for the long term. In calm conditions it can be used to make reasonable bets but Covid and wars throw it out of the window in my opinion.
'WoW,
We have RASP financials and 2022 NA financials too.
If Russia Gov force Evraz into ESO, Evraz need to provide a local audited position and most likely for 31.12.23. '
Who have they been audited by?
If the ESO happens why would Evraz accommodate anything and how would it be in their interests and which auditor would take that appointment?
People on the dole is not the issue - it's the number of people who should be economically active who are off on long term sick.
The company cannot tell you anything on the financial state of the company because they cannot get an auditor to verify what they have to say, which kind of underpins the while shareholder communication process/system.
Those be the facts.
Boohoo own the London HQ bought from the previous cash stack.
The Manchester HQ is owned by the family and leased back to the company.
It should be in the related transactions part of the accounts.
'Don't want to mention that you jumped the gun by assuming iht's were the only tax cuts potentially coming though.'
I said nothing of the sort - only that it was a no brainer. The truly wealthy don't have all their assets a) sat solely in the UK and b) are unlikely to have them in their own name. The first step for the moderately wealthy is to put assets in trusts, etc.
SCB - As I said and for the third time, hardly anyone pays IHT. Only those that fail to plan so it's not transferring anything to the rich as they are unlikely to pay it. It taps those who have reasonably modest wealth who fail to plan.
We've had two false starts on interest rate peaks already so I still think we need further data on whether or not rates will come down any quicker. Not forgetting that the depressed economy is exactly what is designed to happen to bring down inflation.
'Wolf - It may play well in the Tory heartlands but surely there are better choices of taxes to cut to help more people and stimulate the economy especially as one of the obvious ways to mitigate IHT is to spend it before you die and another is to gift it (provided it’s done early enough).
Certainly can’t see how cutting IHT would be of much help to a company like BOO’s revenue.'
Hi Hexam - Agreed. I would go for business rates reductions as a more obvious one to stimulate business. Also Corporation Tax has shot up and not much has really been said about it.
SCB - On the IHT point there's all kinds of business reliefs available so not many people actually end up paying it even if their assets are illiquid. You're more making the case for cutting it.
IHT is a no brained and not that expensive. It’s basically a trip for those who don’t plan or get caught when something tragic happens.
Whether the electorate understand that though is another matter entirely.
You don’t think they’ll just hand the company back to RA?
'Market expectations for future @bankofengland interest moves shifting, following today’s lower-than-expected inflation figures.
Investors now pricing in a fall in Bank rate in the middle of next year - possibly as soon as spring - coming down to 4.75% by late summer…
oh look..the Bond markets are hard at work .... well ahead of Bailey or even Powell
who would av thunk it'
Poker - I don't know if you're being intentionally obtuse but you're very post here confirms exactly what I've been saying. I'm not sure you will see that though ....
Happy - I'm gong to drop this link here for you as it's quite simple so hopefully you can understand and educate yourself.
https://www.investopedia.com/mortgage/mortgage-rates/factors-affect-mortgage-rates/
No one really has a clue how much money any of the subsidiaries are making as they haven't been audited by western standards. No audit, legal firm or bank will touch them at the moment and won't for the foreseeable future.
So if the Russian assets get scooped up by the Russian state and in the unlikely event compensation is paid out to western holders (which seems a pipedream imo) you wouldn't be able to cash the cheque anyway if you are UK based without breaking sanctions. The likelihood is it would be incepted by your bank before it even got to you.
I'm increasingly seeing problems with businesses that are not even based in Russia where banks are making individuals and businesses jump through hoops to move money round, especially with Middle Eastern accounts because of the potential link to Russian money.
It's not because they can't transfer the ownership out of the current Plc structure. Even if they could it's unlikely that any of the major exchanges would have them and they wouldn't be able to employ the renowned investments banks, brokers and legal firms required to make such a move happen.
‘Services inflation and wage growth are the next two targets to tackle....’
Services is a tough one. There’s a chronic shortage of staff especially in professional services.
'WolfofWarks
take a look at Japan ...central bank and Government are totally useless ..clueless ..and the markets are soon telling them what is what....'
I'm not denying governments are generally useless. My initial objection was that Happy was telling us that rates are about to come flying down when there isn't actually the data from the guys who make such decisions to support that. The current narrative is that they are staying higher for longer.
It will be interesting to see what the next narrative will be although today's drop in inflation was expected to be confirmed. It's been a great week for the portfolio though, no question about that.
'i am more than happy for you you argue against me ..no issue with that .... but..remember that whatever data you think the FED is looking at..the bond market has data that is even more up to date than that ..... because the FED uses data that is actually months behind the curve ... '
The central banks and governments have more data than anyone, which is why they are 'behind the curve'. The market basically places bets on what think the central banks are going to do. But when the central banks move it is based on actual large volumes of data and actual conditions on the ground that the market doesn't have access to. Everything the market does involves pricing in what they expect to happen in the near, medium and long term.