Today's discussion about the news
Comments
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Are you sure that all/most of the debt is in the holdco? That would seem to be a pretty key point here.
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
I don't know enough to have a view beyond it's not great that a water company with a monopoly is about to go bust. I just wondered why you excluded what seemed relevant from your analysis of what has gone wrong.
If you don't know anything either, that's fine.
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As you can see some people are having a sensible conversation rather than just sitting on the sidelines and trying to to pick holes.
See my post above for example.
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
I didn't say you were, but you came out with a good standard leftie response to situations like this. Big bad businessmen etc...
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
.
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Is it irrelevant if money that could otherwise be spent on stopping leaking shit into rivers is spent on servicing the holding company debt?
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🥱
The above may be fact, or fiction, I may be serious, I may be jesting.
I am not sure. You have no chance.Veronese68 wrote:PB is the most sensible person on here.0 -
It either has a right to pay dividends or it doesn't. It's not relevant whether the dividends are used to service debt or pay shareholders.
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'Privatisation' was 35 years ago. With hindsight, has it improved infrastructure or water quality, service levels to households, reduced pro rata household bills, et al? There is an obvious comparison.
Or is such a Q way too 'leftiebollox' woke for today's wunnerful world?
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I can't see any particular reason Stevo is so vigorously defending a private monopoly in an essential sector abusing its position, either (at best) through incompetence or (more likely, IMHO) finding a way to shovel money in various directions with all the risk taken by customers and tax payers.
Unless the simple reason is that big business is seen as right wing territory, and anyone questioning big business practices is ergo a raving lefty.
Might just be worth pointing out that private monopolies of essential industries is hardly how the free market is supposed to work. The only brake on abuse is a regulator, and Ofwatc seem to have been asleep or neutered.
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But they are refusing to stump up the equity which will eventually mean the company is no longer able to function. Like I said the £3bn is to keep the lights on.
They’re playing chicken with the govt.
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Meanwhile the poshos at Oxford and Cambridge are rowing through poo.
Advised to keep their cox out of the water apparently.
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He's just enjoying winding people up. Most of his political posts make more sense through this lens.
- Genesis Croix de Fer
- Dolan Tuono0 -
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How revolting 🤮. Can they take legal action? They were warned not enter the
watersewage, and I believe they didn’t and also took precautions like covering blisters.0 -
Looks like I hit the mark 😃
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
Hindsight is wonderful. Is your answer to nationalise all the utilities?
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
Mr. Pot, meet Mr. Kettle 😀
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
Not sure you've read me right Brian. I've already said that I thought it was badly run. What I'm taking a few people to task with is their view that it's some sort of deliberate shafting of a company by its own shareholders or some fundamental failing of capitalism.
Also given that the company is regulated, not sure how anyone in charge was under the impression that they could just jack up the prices as they like when the sh1t hits the fan.
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
🥱 Pangolin was correct. I knew it years ago so I don't know why I bothered. Hey ho.
The above may be fact, or fiction, I may be serious, I may be jesting.
I am not sure. You have no chance.Veronese68 wrote:PB is the most sensible person on here.0 -
If you don't like getting hauled up for spouting leftie generalisations, don't spout them. Simple.
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
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Ironic that Cambridge had a boat that got there despite the opposition 😉
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
This is from 6 years ago..
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I'd like to see the group structure with the loans included and which entities are regulated. Otherwise, it's all just waffle.
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Agreed.
The closest you might get is a trawl through filings on the Companies House website, but to do that you'd need to know which companies are in scope.
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
“New York has the haircuts, London has the trousers, but Belfast has the reason!0 -
The acronym used in Irish politics is GUBU
Grotesque, Unbelievable, Bizarre & Unprecedented
“New York has the haircuts, London has the trousers, but Belfast has the reason!0 -
