Search found 3013 matches

by Alaric
June 23rd, 2019, 7:02 pm
Forum: Company Analysis
Topic: Kier Group
Replies: 14
Views: 168

Re: Kier Group

(Note those two examples would appear on the BS, but the esoteric "worth of the employees" like that MD referred would not,in general) It can do though. It's when one Company buys another Company. If it pays over the odds according to the net asset value of the Company taken over, the dif...
by Alaric
June 23rd, 2019, 6:06 pm
Forum: Company Analysis
Topic: Kier Group
Replies: 14
Views: 168

Re: Kier Group

Would it be correct to say that although they could erode in value it wouldn't mean a direct increase in debt or a decrease in earnings? I think that's correct. A way of looking at it is to view them as if Keir was an Investment Trust like Woodford Patient Capital holding unquoted Companies. If the...
by Alaric
June 23rd, 2019, 4:45 pm
Forum: Company Analysis
Topic: Kier Group
Replies: 14
Views: 168

Re: Kier Group

The Uk firms usually do very waffly ARs.. From https://www.kier.co.uk/media/3676/kier-interim-press-release-march-2019_final.pdf page 11, Intangible Assets (£ million) 829.9. That's a big slug of "could be worth absolutely anything" if you marked to market. Page 146 of the Report & Ac...
by Alaric
June 23rd, 2019, 11:46 am
Forum: Does anyone know?
Topic: Failed electrical cable. Is there a physicist in the house?
Replies: 20
Views: 441

Re: Failed electrical cable. Is there a physicist in the house?

Does a nearly-knackered cable deliver more watts, and if so, why? Less resistance, so more power. I don't know about the wattage, but don't bells usually run off a single battery, so bell wire is designed for low voltage, low amperage ? You are familiar with old fashioned electric fires no doubt? T...
by Alaric
June 23rd, 2019, 9:10 am
Forum: Company Share news (LSE Main Market)
Topic: KCOM Group (KCOM)
Replies: 15
Views: 659

Re: KCOM Group (KCOM)

I see from the records that I bought 200 shares (certificated in those days) in KCOM in March 2000; actually, since I usually put round sums in rather than buy round numbers of shares, I suspect my husband did the deal. The price paid was £10.80 p.s. so I don't think I'll be cracking open any champ...
by Alaric
June 21st, 2019, 10:35 am
Forum: Computers, TVs & Phones
Topic: How do I construct this MS Access Query (or SQL query)
Replies: 10
Views: 298

Re: How do I construct this MS Access Query (or SQL query)

Clariman wrote: I want to create a query that does the following:


You could use the "create view" method. This builds a virtual table, so you first isolate only those rows which contain the desired value. You then apply your search query to the view.
by Alaric
June 20th, 2019, 4:29 pm
Forum: Gilts and Bonds
Topic: Prime UK Investments
Replies: 6
Views: 253

Re: Prime UK Investments

From the website Any marketing promotion on this website is specifically not directed to clients in the UK other than Exempt Investors and Self-Certified Restricted, High Net Worth or Sophisticated Investors. It's the London Capital Finance loophole again. Probably the same type of investment as well.
by Alaric
June 20th, 2019, 10:13 am
Forum: High Yield Portfolios (HYP) - Practical
Topic: Dividend Danger Zone
Replies: 7
Views: 711

Re: Dividend Danger Zone

I hold them and consider them a boring business to business provider of airport services. They also only yield around 4%. Another danger sign is where the dividend yield is increasing because the price reduces. That doesn't apply to BBA in the shorter term where the price has been recovering this y...
by Alaric
June 20th, 2019, 10:05 am
Forum: Share ideas
Topic: Investing in software and IT, e.g. Softcat, Sophos, Saas
Replies: 91
Views: 2091

Re: Investing in software and IT, e.g. Softcat, Sophos, Saas

There's a specialist Investment Trust raising money at the moment through an IPO. It's not a new Trust, rather it's raising new funds with a public offer. It's called Augmentum Fintech plc, which as in its name invests in the Financial Technology sector. Amongst its holdings is the Company which tra...
by Alaric
June 19th, 2019, 11:26 pm
Forum: Pensions - Practical Problems
Topic: Surprise!
Replies: 12
Views: 2153

Re: Surprise!

● Advisers meant to start from the standpoint that transferring out is 'not suitable'[/i] That might actually be FCA rubbish. You can give up guaranteed benefits and receive a transfer value based on an assumed 2% rate of return. If you can accept the volatility and default risk on equities , you c...
by Alaric
June 19th, 2019, 7:45 pm
Forum: High Yield Portfolios (HYP) - Practical
Topic: Kier suspends its dividends
Replies: 27
Views: 1393

Re: Kier suspends its dividends

The ratings agency says that reverse factoring was a key contributor to the largest construction bankruptcy in UK corporate history, as it “allowed the outsourcer to show an estimated £400-£500mn of debt to financial institutions as ‘other payables’ compared to reported net debt of £219mn”. and als...
by Alaric
June 19th, 2019, 7:31 pm
Forum: Share ideas
Topic: Investing in software and IT, e.g. Softcat, Sophos, Saas
Replies: 91
Views: 2091

Re: Investing in software and IT, e.g. Softcat, Sophos, Saas

Is this the usual practice for UK brokers? The approach of Interactive Investor using the inherited TD Direct platform in the dealing Account, is to have a separate cash account for each currency they support. They aren't allowed to operate ISAs in that manner, so any dividend arising in an ISA wil...
by Alaric
June 19th, 2019, 9:10 am
Forum: Polite Discussions
Topic: Private Education Thread
Replies: 65
Views: 899

Re: Private Education Thread

So what happens if hypothetically speaking vast numbers of parents have the disposable £££ to send their kids to private school, but many kids don't pass the relevant exams? The exams get easier, or there's no effective test other than ability to pay. Supply would increase to meet demand. Low acade...
by Alaric
June 19th, 2019, 8:53 am
Forum: High Yield Portfolios (HYP) - Practical
Topic: Kier suspends its dividends
Replies: 27
Views: 1393

Re: Kier suspends its dividends

as though they had admitted to trying to report lower debt positions at reporting dates in the past. They did however own up to an "accounting error" in their balance sheet statement of debt earlier this year. https://www.lemonfool.co.uk/viewtopic.php?f=15&t=16694&p=207017&hil...
by Alaric
June 18th, 2019, 11:08 pm
Forum: Investment Trusts and Unit Trusts
Topic: Popularity of Unit Trusts?
Replies: 19
Views: 868

Re: Popularity of Unit Trusts?

Although after the Woodford debacle I would not be surprised to find that we might see changes with Init Trusts/OEICs, perhaps a board of directors to oversee investors interests and further restrictions on illiquid investments Elsewhere on this forum there's a link to a letter from the FSA to the ...
by Alaric
June 18th, 2019, 11:01 am
Forum: Gilts and Bonds
Topic: RAVP
Replies: 81
Views: 2454

Re: RAVP

What I am not in favour of is a person who does not understand a company's accounts, posting that "there might be a long term problem" when they have no clue. You wonder though whether those who sign off on accounts have a clue either, when a Company collapses within a few months of being...
by Alaric
June 18th, 2019, 10:50 am
Forum: Gilts and Bonds
Topic: RAVP
Replies: 81
Views: 2454

Re: RAVP

For an investor it's prudent to treat preference shares as in the same category as ordinary shares, not debt. If you think the Company is liable to collapse or default on its payments then yes. If the Company is a going concern, in terms of what the investor receives it's equivalent to an undated f...
by Alaric
June 17th, 2019, 11:42 pm
Forum: Investment Trusts and Unit Trusts
Topic: Popularity of Unit Trusts?
Replies: 19
Views: 868

Re: Popularity of Unit Trusts?

But then - UTs and OEICs are not day-trading objects - so I can't see why this is a problem. A recent personal example was that I was "harvesting" a year end capital gain from an OEIC. Given that I didn't know the price at which I was selling, it was guesswork as to how much could be sold...
by Alaric
June 17th, 2019, 9:23 pm
Forum: Polite Discussions
Topic: 70% for Rory Stewart
Replies: 59
Views: 1141

Re: 70% for Rory Stewart

It is frankly pretty scary the number of those who one now meets who were avowed No voters in 2014 but who would/could now be tipped over the edge to a Yes vote in a second Indy Ref by a No Deal outcome. If the UK left the EU with "no deal" and then Scotland left the UK and attempted to r...

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