Jtc Share Discussion Threads

[mr roper] 25/6/2018 12:38

lol..JT. The Pele interview is brilliant

[jtcod] 25/6/2018 12:28

The Lamborghini styling is bold!Not come across them before Serratia. I bet they need a meaty amp to do them justice. A 3.4 ohm bottom is quite a load.

[serratia] 25/6/2018 12:17

JTC,

Heard these at a show this weekend - superb sound. I would have asked if there's a discount for show items but they cost £43k and weigh 100 kgs each !

hxxp://www.diapason-italia.com/inglese/dynamis.php

[jtcod] 25/6/2018 11:14

LolInterviewer: Do you think Brazil's 1970 team could beat today's ArgentinaPele: YesInterviewer: by how muchPele: 1-0Interviewer: that's it?Pele: well, most of us are over 75 now.

[jtcod] 25/6/2018 11:01

Sorry to labour the point but my brokerage business arranged funding of business purchases for 25yrs and I am searching my failing memory for a comparable level of madness. I think SIV management may have contacted Marconiitis. It’s a rare disease that quickly infects the whole board. :-)

[jtcod] 25/6/2018 10:47

The most remarkable thing about the business SIV sold for 2x pre-tax profit is that it had a profit margin of 10%!
SIV sold a market leading business with £49m revenue and £5.1m pretax for the earnings multiple of a low quality short-leasehold corner store in a village.

[jtcod] 25/6/2018 09:43

Just looking at the SIV announcement this morning. SIV sold a print business for £9.5m cash consideration after costs. The business had £16m gross assets and £5.1m profit before tax. If one had simply retained that company to pay for all the company’s interest charges it would still leave £2m profit on top. This is a £150m market cap company. ............The share price has gone up!
I can remember a time when that would have had shareholders in any company screaming for the heads of management. Perhaps in today’s times the value of cash is rising?

Have edited out the relative % of earnings compared to SIV’s total profit before tax because of variances in Morningstar reporting and high level of exceptional items. SIV actually made a loss last year after those items

[jtcod] 25/6/2018 07:03

There is an interesting experiment going on since late 2016 in China to address a seriously rising corporate debt problem. In 2016 Corporate debt hit 170% of GDP and was still rising fast, so the government acted to have banks carry out ‘debt for equity swaps’ to assist companies with debt problems. It’s still not having much impact and so on Sunday they relaxed their banking liquidity rules for the 3rd time in order to facilitate more of the same. What is surprising to me is that throughout this initiative they have kept interest rates on hold at 4.35% which is the lowest on record in China. Obviously they don’t want to upset the Apple cart but at some point you would think those interest rates will need to rise.

[fireplace22] 24/6/2018 10:58

Obviously the gunshot wounds got there post mortem to discredit our fine emergency services. Is there no level to which these Russians will not stoop!

[englishlongbow] 24/6/2018 10:44

Pantheon Rsources (PANR)

Now offering fantastic value after a few setbacks with a collapsed well casing and water ingress.

Onshore Texas gas, already producing some revenues and has more than 301 mmboe to target.

[jtcod] 23/6/2018 21:53

Incompetence sounds rather kind to me MT. :-)

[mr roper] 23/6/2018 18:15

Lol...that is staggering, mt!

[mattjos] 23/6/2018 16:05

It's not just drink! The sub-30 age group are the first generation bought up with commonplace fast-food and 2-3+ takeout meals per week.The large food processors that supply that sector have become ever more adept at removing the 'value' (aka the nutritional part of foodstuffs), selling that on for animal foodstuff & then blending the nutritionally devalued remainder with chemicals & then selling into the human food chain.Fast food & the general restaurant trade are businesses in search of profit. They are not particularly interested in the long term health impact on their customers.Scratch cooking is a dying skill set amongst the young .. the 'convenience' of the microwave and takeout food now far more important than the concept of healthy eating. No wonder we have a fat & diabetes problem. City living in cramped apartments will simply increase this

[7kiwi] 23/6/2018 12:29

UK spending on health is 6th lowest in the G7, but quite a bit above OECD average.



UK health outcomes are 10th out of 11 countries studied in the COmmonwealth report.



I would agree we need to spend more money. But I am not at all comfortable splurging cash into a nationalised monopoly. We need a mix of provision, and encouragement built into the system for people to look after themselves, like Singapore with their individual health accounts.

[mount teide] 23/6/2018 12:27

A female relative with over thirty years teaching experience in secondary schools in the state sector took early retirement recently.

She said the profession is no longer the one she trained for and enjoyed for most of her first two decades - namely, being able to help children acquire knowledge, competencies and values.

As a specialist Maths teacher, to her intense frustration she increasingly found she was spending far too much time in class just trying to maintain some semblance of order rather then teaching - due to serious pupil behavioural issues for which she and other experienced teachers at the school received extremely modest support from the young, high flying 'progressive' head.

[jtcod] 23/6/2018 12:25

I think drink puts a burden on the NHS full stop Kiwi. :-)

[7kiwi] 23/6/2018 12:23

But the young also place a burden on the NHS. Try going to A&E late at night and see all the nice healthy young people with fighting injuries after too much to drink.

[mount teide] 23/6/2018 11:58

NHS - many of the challenges facing the NHS(and possible solutions) have been well documented here:

7Kiwi - 'We need to take a long look at alternative funding models that preserve 'free at the point of use' principle, but also break the inefficient and ineffective state monopoly. The Netherlands, Singapore or Switzerland would be good examples to consider.'

jtc - '..the NHS is not faring well because we simply cannot afford the original vision. It’s a regrettable state of affairs that despite being obvious for decades has been left to fester because of things like the political bias of being shackled to an idea, blind faith in the people’s ‘right’ to care and stubborn pride in the system and ideal.'

serratia - 'A significant problem within the NHS is efficiency.'


Sadly, modest relative standards and cheap populism have characterised the NHS over the last 30 years and will persist so long as we allow our healthcare service to be politicised.

Dr Kristian Niemietz head of health and welfare at the Institute of Economic Affairs recently said:

"Our brilliant, hardworking brewers and publicans have not seen a real-terms pay rise in years. This is a disgrace. We all rely on their tireless work, their skill and their dedication for our after-work pint. Where would we be without them? This government has taken our brewers and publicans for granted for too long, so my message to them is this: enough is enough!”

"No politician has said this – but if we had a National Beer Service, they definitely would, at least if that meant that the incomes of brewers and publicans were set by politicians rather than by the market. Because this is what happens when pay issues are politicised. Staff may be ignored between elections, and then suddenly wooed and promoted to the role of “the backbone of the nation” at election time. The Labour Party’s promise to raise the pay of NHS staff at the last election by more than 3%, at a cost of around £1bn, is a good example."

"Regardless of whether you think that health workers’ pay is too low, too high, or about right, the issue’s politicisation cannot produce anything other than cheap populism. Bidding wars between politicians about who can shower a profession with more praise are cringeworthy."

"Decisions over pay, working hours and working conditions should be decentralised, and removed from politics altogether. They should be negotiated locally between individual Clinical Commissioning Groups, individual NHS trusts, and the representatives of various health professions. The Department of Health should not be involved."

[mr roper] 23/6/2018 11:26

Jt, completely agree re education. My sister has responsibility for 3 autistic kids who are lumped in a class with 28 other kids. She’s had many threats against her from these kids. They are anything but easy to manage and support from the headteacher is non existent

[serratia] 23/6/2018 10:56

A significant problem within the NHS is efficiency. I can give a number of examples but here's just one. I know of a surgeon who carries out a particular operation and there's a waiting list. During the week he carries out x operations/day on NHS patients. Operations are not carried out on Fridays as the surgeon's need to see that the patient has recovered the next day.
On weekends the surgeon does the same operation on private patients and the operations/day increases significantly.