Thought Id start this one going because its rather dead on this board at the moment and I suppose all my usual muckers are either at the Stella tennis event watching Dim Tim (lose again) or at Henly Regatta eating cucumber sandwiches (they wish,...NOT).

Anyway please feel free to just talk to yourself blast away and let it go on any company or subject you wish. Just wish Id thought of this one before.

cheers GF.

Haystack Send an email to Haystack View Haystack's profile - 10 Dec 2014 21:35 - 52695 of 52697

You can buy coal cheaper on the world market than we could ever produce. Coal is a dead product in developed countries. If you want cheap coal then go to China. The pits could never have been saved. We would be just pouring in massive subsidies.......ends

Total rubbish Hays explain how Hargreaves (listed company) are mining coal and in Yorkshire and are making a big profit each year.

No subsidies either, you do talk some rubbish at times.

Here we are Hays ........Hargreaves last results notice the £50 million pounds profit no subsidies..............


HARGREAVES SERVICES PLC
(the "Company" or the "Group" or "Hargreaves")

Preliminary results for the year ended 31 May 2014

Hargreaves Services plc (AIM: HSP), the UK's leading supplier of solid fuel and bulk material logistics, announces its preliminary results for the year ended 31 May 2014.

Highlights of the year

Year ended
31 May 2014
Year ended
31 May 2013
Change
%




Continuing Revenue
£869.2m
£843.3m
3.1%
Continuing Operating Profit
£50.9 m
£44.0m
15.7%
Continuing Underlying Operating Profit (1)
£59.5m
£55.7m
6.8%
Continuing Profit before Tax
£52.1m
£43.1m
20.9%
Continuing Underlying Profit before Tax (2)
£55.1m
£52.2m
5.6%
Continuing Diluted EPS
122.2p
111.0p
10.1%
Continuing Underlying Diluted EPS (2)
124.8p
134.6p
(7.3%)
Dividend (including proposed final dividend)
25.5p
20.5p
24.4%
Net Debt (3)
£68.8m
£77.9m
(11.7%)





· Underlying profit before tax from continuing operations increased by 6% to £55.1m
· Strong UK trading volumes and successful expansion of production activities
· Positive end to the year for surface mining with excellent production run rates after earlier delays and exceptional weather conditions
· Five year Industrial Services contract secured with China Light and Power in Hong Kong
· Maltby closure progressing in line with plan
· Strong operating cash flows - net debt reduced to £68.8m at year end
· Recommended full-year dividend increased 24.4% to 25.5p
· Group review and simplification strategy underway
· Disposal of Imperial Tankers for a cash consideration of £26.9m now announced

Commenting on the results, Chairman Tim Ross said:
"This year was challenging for Hargreaves. In difficult market conditions it is testament to the strength of the Group that we are able to announce a 6% increase in profits. The Group achieved strong profitability on all measures. The review of strategy that the Board has commenced will ensure the Group is positioned to minimise risk and optimise shareholder value in response to rapidly evolving markets. The disposal of Imperial Tankers for £26.9m, completed earlier this month, is an encouraging first step."

Haystack losing the argument, so finds new even more interesting subjects to post about.

coal in china
just whizzed past that, but i happened to note that china is going to start cutting back on their coal usage .... mind you, i think the stuff they have there is generally pretty low quality with high sulphur content

Most countries are cutting back on coal to meet emission controls.

Only if the have cheap gas to compensate, do keep up Haystack!

Luxembourg tax files: Juncker ‘solved problems’ for Amazon move
Web retailer’s former tax expert claims EU chief presented himself as a business partner who ‘helped solve problems’

Did he now! ..... clearly a pupil of Sepp Blatter

Max - do keep up with the big wide world .... :-)

================

While China’s gas imports from Central Asia, Myanmar and eastern Siberia could satisfy its need for foreign volumes up to 2030, uncertainty about the price and security of these supplies is driving the country’s interest in a pipeline from western Russia as well – providing both the political and commercial catalysts for a second landmark deal, according to James Henderson of the Oxford Institute for Energy Studies.
..................
China’s gas production is estimated to reach 266 bcm/y by 2030 and demand is expected to hit 471 bcm/y by that time, leaving a gap of around 30 bcm/y, Henderson said in a report published this week, citing the International Energy Agency’s forecast.

Helo Helo ........Helo.

For Haze and Manuel's diet!

The future under the CON party tories.

Grommit vows to out tory the tories.....



Ed Miliband vows to wield the axe on public services to balance books





Labour pledges to cut deficit while protecting services




Andrew Grice Author Biography


Politcal Editor


Wednesday 10 December 2014




Ed Miliband will make a pitch for the political centre ground today by pledging to cut the budgets of most Whitehall departments every year until the nation’s books are balanced. In his most crucial economic speech since becoming Labour leader, he will tackle the party’s lack of credibility on the issue by unveiling a “tough but balanced” approach to clearing the deficit by the end of the 2015-20 parliament.



His shift will be welcomed by Blairite MPs, who have been urging him to say more about where Labour would make painful cuts.

Ed Balls, the shadow Chancellor, has written to Shadow Cabinet members ordering them to spell out how they would reduce their department’s spending every year until the deficit has been eliminated. Only the NHS and overseas aid are exempt from the squeeze, but Labour is likely to pledge to ring-fence the education budget before next May’s general election.

Mr Miliband believes that George Osborne left the centre ground open for Labour in last week’s Autumn Statement post-election cuts that would reduce state spending to its lowest level as a share of national income since the 1930s. Speaking in London today, the Labour leader will accuse the Conservatives of being “extreme and ideological, committed to a dramatic shrinking of the state… They are doing it, not because they have to do it, but because they want to.”

He will seek to reassure progressive voters that Labour’s tougher approach to the deficit will not mean copying the Tories. “We will deal with the deficit but we will never return to the 1930s,” he will say, insisting that working people would pay the price of not tackling the deficit.



More total bollox here: http://www.independent.co.uk/news/uk/politics/ed-miliband-vows-towield-the-axe-on-public-services-9916560.html

so labour won't implement cuts .... it'll (ahem!) just axe money
and if it's coming from gov't spending and central gov't depts, how will that not affect all and sundry?

perhaps they'll increase taxes - and that of course means on middle management too, who are presumably not classed as "working people" - but that won't make much impression other than to deplete the spending power across the country

very original and different

It's a corker innit?

really little different if at all from the "austerity measures" already in place and forecast to come ....... and of course this is entirely and utterly the wrong strategy, so certain elements have been telling us

pah!
spot the difference between indigo and indigo, other than that the leader of one is portrayed as a useless toff while the other is just plain useless

You would prefer:



or

No NO NOOOOOOOOOOOOOO

you dont understand labours plan.

It will find efficiency savings and sell off government/Crown owned land, property, and assets not direct tax payers land, property and assets that are included in GDP.

PLUS they have already said they will raise some taxes. ie, 45% back to 50%.

Anyway I suggest you watch Milli on Sky later on this morning.

And ALL ALONG Balls has maintained labour would cut but at a slower pace than the Tories and not for ideaology reasons ie the shrinking of the state.

GET A GRIP TORY BOYS.

And you MAX you have gone back from UKIP to the tories. shame on you.

history shows that with rare exceptions, it actually makes little difference which shade of indigo is in power

they all make fine sounding pre-election noises, and then as soon as they get into power, it whoops and all the usual excuses

in fairness to all (and who on earth in their right senses would want to be PM in the first place?), it is primarily external factors that govern the gov't ...... if they get lucky, then they're deemed to have done a good job, and obviously the reverse also applies

despite all the total crap that is deposited on this site - which is why so little is even worth reading - no PM or his party want to get into power to shaft all and sundry for their personal enrichment

after the event, some show less wonderful traits ..... one might mention Mr Anthony Charles Lynton Blair (an excellent working class name), but of course that would be just spiteful and unfounded, wouldn't it