Member Info for WolfofWarks

For £6b you could buy the whole of Next or Sainsbury’s.

Any divi over 5% needs decent scrutiny in my view to sanity check whether it’s sustainable.

That’s ironic. Your whole post history is sniping at people.

I’ve not seen an intelligent post from you yet.

People of that kind of wealth are not planted in one country, maybe for tax purposes, etc, but they'll be all over the world.

I'd imagine they spend plenty of time in and around the business.

Even in a global business? They are spending their time in meetings, not selling popcorn. They’ll be living all over the world with many houses.

£180m profit ….
310bn offer ….

I think maidit has been on the source all afternoon ….

I think the lenders are probably looking at a turnaround plan at this point.

It will be the lenders who will ultimately decide

This isn’t trading insolvent, it’s for the dip financing. It that runs out and the D4E/sale isn’t sorted it’s a possibility. Three or four months off that though.

‘ The thing I don't get with the sanctions against EVRAZ is that the business is still functional in Russia and is still supplying steel. If the sanctions actually stopped EVRAZ producing steel then it would make sense but it only stops UK transactions so the russian side which is the most important part to disable is still functional.’

They can make snd sell steal. They can’t pay a dividend though so it makes it all a bit pointless if this is never going to come out of sanctions.

‘ RA poster boy sanctioned by uk because his direct links to putin - everyone who knows or that was close to putin has been killed in some way or another so is he really that close as he still alive’

Well he seems to have a free passage in and out of Moscow and was picked to help broker peace talk so it’s not a massive stretch to assume he and Putin are reasonably close.

You’ve only got to look at the history and how RA amassed his fortune and with whose corroboration. Same with your man pleading poverty because we’ve taken his jets off him.

A subscription to PWC outlook which contains the report is $3600 for a years subscription lol.

I find you can never quite call it. Technically the stock adjusts by the value of the divi but if there is upward market sentiment this can be clawed back relatively quickly and vice versa. I think a lot of really LTH buy the dividend dip.

I’d be interested to see some of that Tegop if you can point me in the right direction.

I can remember when films like Forest Gump and the Green Mile came out. There was a proper buzz everyone going to see it.

Guess that’s the problem with mission impossible 8 or whatever we are on now. Just all gone a bit stale.

I think the problem lies in films in general rather than cinema as such.

I’ve got twelve people in my office and I can’t remember the last time they discussed a decent movie that everyone wanted to see. Maybe Star Wars when the first of the latest remakes came out. It’s all love island, netflix seasons, etc.

Figures do exist though. They are released every month on the Kroll website as it's a requirement of C11. Also there is a box which confirms they are prepared on an accruals rather than cash basis. So while they are not a set of audited accounts they are a decent set of management accounts which give as good a short term picture as you are going to get on how the company is performing month to month.

It's a brave man who takes Hexam on when it comes to numbers!

Hi Karl

I don't think that's right - they've done the C11 listings by groups so have bunched various subsidiaries together to form the three separate entities. Jersey is a completely different tax jurisdiction to the UK, even though it's a crown dependancy.

If you look at the 7th Sept RNS ROI is not listed as being part of ROW:

'The lenders providing the DIP financing have also agreed to provide funding through the DIP financing for the purchase by a newly incorporated Group company of the outstanding commitments under the Rest of World facility (being the facility advanced to fund the Group's operations in Poland, Romania, Hungary, the Czech Republic, Bulgaria, Slovakia and Israel). This debt transfer is expected to occur in the near term, following which the newly incorporated Group company will be the sole lender under the Rest of World facility. It is expected that the terms of the Rest of World facility will be further amended at such point. In order to facilitate implementation of this arrangement, the existing lenders under the Rest of World facility have agreed to forbear temporarily in exercising certain of their rights triggered by the Chapter 11 filings. As a result of these arrangements, the Rest of World group entities will not commence Chapter 11 cases or any equivalent local proceedings at this time. A further update will be provided in due course.'

I can't remember where I read it but I'm almost certain they include ROI within UK structure.

Ireland is included as well I think - it might well be tied in with the UK.