adrianc
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Post by adrianc on Nov 13, 2021 10:18:57 GMT
I suspect this is abolute evidence that the share price is not always connected to the business. Not for bubblestocks, no... It's just a large part of the hype. (see also: cryptocurrencies)
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Post by Deleted on Nov 15, 2021 19:28:00 GMT
RIVN gently pulling past $129 this afternoon. $140 this evening (was $150 this afternoon). If I'd bought, I'd sell now.
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Post by overthehill on Nov 16, 2021 18:25:18 GMT
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Post by Deleted on Nov 16, 2021 18:56:29 GMT
a fair few of these run evey 15 minutes
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Post by overthehill on Nov 16, 2021 20:21:16 GMT
These ratios are for generation not consumption. Depending on how much the UK exports, the consumption ratios could look a lot different.
Nicola Sturgeon got caught boasting about the SNP's green credentials by saying Scotland's electricity consumption was 100% renewable, it's actually 56%. Just what the public expect now from every politician, she tried to muddy the difference between generation and consumption then ignore exports and hope nobody noticed.
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adrianc
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Post by adrianc on Nov 17, 2021 8:03:49 GMT
Have a look at gridwatch.co.uk
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Post by Deleted on Nov 17, 2021 13:23:14 GMT
Rivian now rolled up to $172
Still not sold a car
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Post by overthehill on Nov 17, 2021 13:32:27 GMT
Rivian now rolled up to $172
Still not sold a car
expect another share sale soon at that price, cheaper than debt. I don't know if that would be new shares and dilution of existing shares or not. They need to pay for the annual losses somehow, 2B over the last 2 years.
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Steerpike
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Post by Steerpike on Nov 17, 2021 13:36:56 GMT
Rivian now rolled up to $172
Still not sold a car
Now the world's third most valuable car manufacturer company, market cap exceeds VW.
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Post by Deleted on Nov 17, 2021 14:29:55 GMT
Glad you mentioned VW. VW has a bunch of problems, the head of the Union (sits on the board) has just retired and the CEO is looking to the door as he tries to cut costs to fund the investment so they can do a Tesla. Another example of washed up assets, a massive HQ and shareholders being the local councils. Musk has just got Musk, Rivian has just got (insert name here).
VW has a bunch of problems as have many of the carbon based car companies.
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adrianc
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Post by adrianc on Nov 17, 2021 14:45:56 GMT
VW has a bunch of problems as have many of the carbon based car companies.
Perhaps that's why Toyota's worth a big chunk more than VW. But that doesn't explain why a company that hasn't built a single production-ready car yet is apparently worth more than one that sells 10m vehicles per year in 150 countries, and makes €12bn/year profit off the back of that output...
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Post by Deleted on Nov 17, 2021 14:59:08 GMT
it kinda does...
If your P&L includes assets valued at say $100 million but they are actually worth $0 then you should be showing a big loss and your accounting is wrong. Since such things are only an opinion (hedged by risk minimising auditing etc) it may well be that VW's assets are actually worth very little.
While Rivian's cash and plans are potoentially worth a lot more.
Losing money when you have no income is really just what the P&L does to expenditure and you are pushing it down the tax reduction line.
I'm not saying I agree with all this but have you read "accounting for profit"?
As I've said before and I will say again. "Share price is not the company".
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adrianc
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Post by adrianc on Nov 17, 2021 15:20:11 GMT
it kinda does...
If your P&L includes assets valued at say $100 million but they are actually worth $0 then you should be showing a big loss and your accounting is wrong. Since such things are only an opinion (hedged by risk minimising auditing etc) it may well be that VW's assets are actually worth very little.
While Rivian's cash and plans are potoentially worth a lot more.
Losing money when you have no income is really just what the P&L does to expenditure and you are pushing it down the tax reduction line.
I'm not saying I agree with all this but have you read "accounting for profit"?
As I've said before and I will say again. "Share price is not the company".
That's relatively fine detail, though, when we're talking about a company which lost a billion dollars in the first half of this year, and has never sold one single thing yet... It's a hyped bubble. No more, no less.
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jlend
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Post by jlend on Nov 17, 2021 15:23:52 GMT
These ratios are for generation not consumption. Depending on how much the UK exports, the consumption ratios could look a lot different.
Nicola Sturgeon got caught boasting about the SNP's green credentials by saying Scotland's electricity consumption was 100% renewable, it's actually 56%. Just what the public expect now from every politician, she tried to muddy the difference between generation and consumption then ignore exports and hope nobody noticed.
The UK has never been a net exporter of electricity to date overall. For the UK as a whole consumption vs production isn't far off the same. Net imports tends to be low single digit percentage of the electricity mix. The hope in the future is that the UK may be a net exporter due to wind. This is quite a good site if you want some quick graphs of historical data. Really shows the fall in coal generation for example over the years. grid.iamkate.com/
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adrianc
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Post by adrianc on Nov 17, 2021 16:05:16 GMT
This is quite a good site if you want some quick graphs of historical data. Really shows the fall in coal generation for example over the years. grid.iamkate.com/It also shows the 20% fall in demand in the UK over the last decade... Fossils - down from 70% to 42% ...but... Interconnects - up from 3% to 10%... That's your imports, right there...
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