copacetic
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Post by copacetic on Mar 3, 2023 19:19:45 GMT
Nearly 4 years later and 7 quid up! Time to head out and celebrate with a well earned water and half a bag of peanuts. Cheers all!
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copacetic
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Post by copacetic on Jun 22, 2021 11:36:49 GMT
The Levelised Cost Of Electricity for new wind/solar is actually less than gas now so we're actually becoming more competitive as we switch. yes, I've heard that said several times recently. However, I'm not sure I know exactly what that means. Does it take into account the financial incentives & disincentives that exist to encourage green / discourage carbon or not ? If it does then the original point about implications for competitiveness is still a valid one (regardless of whether one agrees with the point). It's doesn't take into account subsidies/carbon taxes, although I am sure figures are produced that do take these into account. It does take into account capital costs and the time value of the revenue stream/running costs.
Details of the formula are on:
2015 figures for the UK are here:
(Solar and wind have continued to fall since then)
The hiccup is this is for *new* generation. An existing gas plant where the capital was spent years ago produces energy cheaper than a new wind turbine so it becomes a case of not replacing old gas plants and adding wind to meet our needs as they come to the end of their lifespan. Renewables are continuing to fall though and it is now cheaper to produce new renewable capacity cheaper than running existing coal plants. As such closing coal plants and producing renewables is economically beneficial which will be a driving factor in economies like China and the US where enviromental factors seem like less of a concern.
If we add in a carbon tax that is applied globabally it could eventually tip us away from gas too.
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copacetic
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Post by copacetic on Jun 22, 2021 10:34:14 GMT
If we go renewable too soon we risk becoming an uncompetitive economy, The Levelised Cost Of Electricity for new wind/solar is actually less than gas now so we're actually becoming more competitive as we switch.
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copacetic
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Post by copacetic on Dec 22, 2020 0:19:00 GMT
Don't Moorfields have an existing "very close connection" with MT? Can't help thinking this feels a little bit like when Collateral first went into administration with their "chosen" administrator, before the FCA quickly stepped in and forcibly imposed different administrators because they thought the original administrators wouldn't be "impartial" as they were too closely linked to Col?
I can't help but think MT have their lenders in mind from eveything they've done/said previously which would make me think this is a positive. That said, my experience with administrators of any kind, whether from business or P2P, is that they are vultures and ready circling to pick the carcas clean as soon as they have a window of opportunity.
I do hope MT's admin pick gets a fair chance though because the FCA didn't exactly pick a winner with collateral (2 years to sell a bunch of gems, gold and jewellery so far for me which probably would have taken anyone else under normal circumstances anything up to a month).
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copacetic
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Post by copacetic on Dec 14, 2020 20:04:28 GMT
Going concern statement is standard on accounts - clearly more cash has been pumped in, so while the company may not be longer-term successful
That's the point I was making! Paraphrasing the going concern statement a bit more bluntly, "Our company has lost £1.5 million since inception (increase on last year) but we're not going to cut our loses and run within the next 12 months" (that period ended 30/11/2020, 6 weeks ago). It's a question of how much do you think the stakeholders are prepared to lose as to how safe your investment is.
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copacetic
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Post by copacetic on Dec 14, 2020 11:30:44 GMT
Not really. The company lost >£150k (large negative retained earnings decreased by a further £150k) and there's a going concern statement. Unless stakeholders are willing to keep throwing money at it or they turn a profit...
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copacetic
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Post by copacetic on Sept 14, 2020 21:18:21 GMT
Why the hell would I stay invested at all? Am I missing something? Because after 14th October Ratesetter's firm grasp of your gonads will tighten into a vice-like grip?
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copacetic
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Post by copacetic on Jun 16, 2020 21:28:52 GMT
Or alternatively invest in a long term low cost world index fund, drip fed in to balance dips and peaks, if like me you don't think you're better at analysing market information than Goldman Sachs and the rest.
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copacetic
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Post by copacetic on Jun 13, 2020 15:06:50 GMT
You left out the big bolded part at the bottom of the email:
"Capital at risk. No FSCS protection. Past performance is not an indicator of future results. "
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copacetic
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Post by copacetic on May 21, 2020 9:38:52 GMT
Richard Luxmore is personally liable for his overdrawn directors' loan account. In theory the administrators are required to persue this debt and could bankrupt him if he fails to repay it. I don't see much mentioned in the way of action being taken yet though - the admins may want to ingore it for now if they are still using the directors for consultation but imo they really should issue a statutory demand for it and get the ball rolling legally.
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copacetic
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Post by copacetic on May 6, 2020 15:14:06 GMT
While I do own a tinfoil hat I don't wear it all the time. The list of data points the app is collecting seems fairly benign (i.e. no location data, no personally identifiable info, an ID broadcasted to other users that changes daily). I would additionally like to see a commitment to deletion of all data after after say 3 months to avoid potential pattern based identification, for the data to be inadmissible in courts as evidence against an app user and to make it a criminal offence to use the data for any other purpose than to alert users of potential infection or other clearly medical defined uses. Unfortunately we do have to strike a balance between privacy and practicality and getting it right now would be a useful practice run for when we eventually run into a global pandemic with an ebola-like mortality rate.
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copacetic
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Post by copacetic on Apr 24, 2020 13:30:25 GMT
Quantitive easing is a form of wealth 'tax' on cash and fixed income investments. BoE prints money and lends to the government. This causes inflation so anyone holding cash and bonds loses while anyone in debt makes a gain. Government wins twice since they get the newly printed money, plus erosion of the real value of the national debt.
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copacetic
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Post by copacetic on Apr 14, 2020 20:35:23 GMT
Having dealt with plenty of administrators before this doesn't really come as a surprise to me. Make no mistake, they are vultures and will do their best to pick the Lendy carcass clean.
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copacetic
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Post by copacetic on Mar 31, 2020 23:37:50 GMT
Each account is allocated separately for the 30/90/QAA - Does that mean those that are withdrawing cash from 30 day and those that are moving cash from QAA to 30 day will mean quicker payouts for people withdrawing from 30 day access accounts vs the QAA? chris
"I've just spent the last 4 hours insulting you and your colleagues, repeatedly proclaiming the business is finished and wishing that AC employees don't get paid. Please advise me how I can game withdrawals for my benefit."
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copacetic
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Post by copacetic on Mar 28, 2020 12:04:16 GMT
I think we're going to see years of massive quantitve easing to erode the value of savings and reduce the burden of national debt. I also think we're going to see some governments default and it will make the break up of the eurozone more likely. In the medium term I think stocks will rise, but not sure if they've hit rock bottom yet. That said having more cash on hand for uncertain times is likely to be a high priority for many people.
3) People used to working from home 4) University and Schools also used to learning at home This could be really beneficial in my opinion. Workers that can work from home could reduce business costs significantly since they don't need to rent large office space. Ex office space could be converted to residential use to ease housing pressure and lower prices. Workers save on travel costs. Businesses have to implement new metrics to measure employee output on something other than old fashioned attendance. Efficient workers that can get their work completed in less time than their colleagues either have more leisure time or can get another jobs and improve productivity in our economy. Obviously industries like oil, car manufacturers and commercial landlord would lose out in this situation.
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