Blank canvas good morning everyone
Blank canvas another nice early start
alewis2005 I can't hear what the PR flak is saying in the background
Lawro Oh Jeff! What a muppet!
Excel Developer @BE: Snap! I was gonna post that tweet.
casapinos @BE can we introduce an "unjustified wealth order"?
Soundbuy Kleinman just out re offer for London Executive Offices
Soundbuy ...............if you're talkng property.......
JimboRock Renishaw please? My current falling knife purchase of the year
Imperial Goldsmith Anyone else find Nelson Peltz's son, Matt, staying in a Prem Inn as due diligence re Whitbread hilarious, or just me?
Imperial Goldsmith Has Matt Peltz been seen walking around a B&Q store lately?
Mouselet Good morning assorted people. I have been thinking Renishaw is richly valued and risky to buy since at least 2003
Mouselet at the moment I would have thought its valuation is entirely based on beliefs about mergers - if the animal spirits are lessening then fewer mergers and RSW worth not as much
Mouselet I've been local to them from time to time and they did impressive things at science fairs
Mouselet 'people will want to manufacture things more precisely' is a pretty good long-term belief statement
Manxish Morning peoples
Flaneur Read a great Brexit solution last night that I'd love to throw into the dog-pen that is ML.... but as its red meat, I'll defer to BE for permission to wander so egregiously off topic....
JimboRock Thanks, off to shout at my dog
Mouselet https://ifr.org/ifr-press-releases/news/helmo-mobile-robot-system-on-the-connector-assembly-line is interesting - a robot, built within a very vertically integrated company, whose role is to cover for ill employees
Maverick HAHA brilliant @ImperialGoldsmith
Soundbuy Elementis off 5%......broker note or just........zzzzzzzzz
cheeckychappy @BE - heard anymore around Equiniti....
Tom Dalgleish Greenspan said US labour markets tightest ever. Doesnt augur well for stocks
Tom Dalgleish @BE anything leaking out about where the money went in Patisserie Valerie? No names of course
Soundbuy @Tom - thought there simply was no money............no profit(eroles)
Tom Dalgleish so it buffered "profits"
Flaneur Sorry.... drifted away for a few mins. (ty @BE) The rather simple 'solution' to Brexit proposed was that England should leave the UK..... discuss or disembowel or whatever...
Soundbuy Described this am. as an 'old-school fraud'........
Tom Dalgleish fraud supposes a real person benefitted
Tom Dalgleish .......in which case the business could be good
Blank canvas Flaneur: that will be the ultimate outcome as we are now watching the death rattle of the United Kingdom
rw42 I'd say the peoples perpetuating the fraud remaining employed in a bankrupt company could be considered a benefit!
Tom Dalgleish but Luke seems no dupe
Tom Dalgleish would one FT columnist rat on another?
mbt Reckitt Ben?
Tom Dalgleish accepted BE
cheeckychappy @BE - was just larking about and would like to retract that question about Equiniti so as to not cause any offence.
Tom Dalgleish PatVal a bit surreal though
Istrain Any grey on InterContinental Hotels?
tonyb what about Record PLC please?
1st Lt. Fletcher Christian You know any decent gentleman would have refused a bonus like that or openly donated it to a charity. He obviously isn't gentleman and is scum IMO. That is why society is broken. We don't need men like Jeff Fairburn on this planet.
mbt Thanks BE :)
AC21 Anything on why DS Smith is down
1st Lt. Fletcher Christian How about all those FTB at Persimmon who now will face a longer life of debt - probably right through to death! How about that Jeff?
Tom Dalgleish @Fletch, in one memorable case, a certain CEO who qualified B. Divinity was rewarded $60 million over a few years and only made noises about excessive exec pay as he retired
1st Lt. Fletcher Christian If we don't regulate capitalism better, Corbyn will be in. Mark my words.
irish hedge fund guy @flaneur, do share. The independent devolved northern Ireland part of 32 county Ireland and the UK at the same time? The canaries are Spanish and still have duty free status etc. The EU can be very creative as can the UK.
Blockbuster Still, planetary excommunication probably a tad harsh.
Viking1 On Bloomberg : Maersk CEO playing down impact from US -China trade war.
irish hedge fund guy @Tom Dalgleish, accounting fraud is manipulation of debits and credits. Look at folli folli, Polly peck, etc. The numbers are just wrong, but they balance. Typically credit p&l, debit some fictional asset
irish hedge fund guy Not necessarily cash stolen which is theft
Tom Dalgleish @Irish, it seems a tour de force manipulation that NOBODY KNEW ABOUT
wayneJ I find it bizarre that a bank will lend me 90-95% to buy a house; ie upto 20x leverage but that no one would lend me at even half that ratio to buy property and house builder shares in 2010 - 2012
irish hedge fund guy @imperial goldsmith, why not. The cost of a room for Matt Peltz would be pocket money. I think TUI hotel division, with RIU is worth approx the same as their market cap. Spin off would create real value. TUI is too complex.
estrangedcapitalist Morning gents
Imperial Goldsmith Kingfisher my bet for Trian1
Viking1 WayneJ: look at the sub prime lending market in the US , housing and Auto2008 here we come
irish hedge fund guy @Tom, except the organiser, perpetuator. Aka perp in US legal parlance. There are electronic bank account confirmation methods now, confirm.com. my guess is GT relied on the old fashioned way to confirm £28m cash which was in fact a £9.7m overdraft. You could not make this up, seriously..
estrangedcapitalist I'm like a young Gordon Gekko today
irish hedge fund guy Of course at the end of the last audited financials the numbers may have differed slightly. Also amazing the market cap of Pat Val, CAIE, was 1/3rd higher than comparable Costa coffee multiple..
1st Lt. Fletcher Christian @wayneJ HTB reduces lending risk and pretty much the price premium HTB has created goes on to the builder's bottom-line.
estrangedcapitalist btw gents, just as bud fox would call the Wall Street chronicle in the movie Wall Street and leave "bluehorse shoe loves blustar airlines"
estrangedcapitalist I'm living similar tips with the ft hotline
Blank canvas Noonday gun. Gin bottles uncorked. Many thanks for everything this week.
1st Lt. Fletcher Christian Yes, thanks BE and friends on ROTR. Good weekend all.
Istrain Thanks for the grey on InterContinental -
Manxish Thanks BE, Rabble. A good weekend to all!
Soundbuy Bon w/end all........
Excel Developer cheers Bryce