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ralphmalph

Amazing Some Good News

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http://uk.finance.ya...mlyaXlhc3Q-?x=0

Good news for one unemployment blackspot.

Well if it works a few jobs - but how many Hundreds of Millions £££'s in Carbon Credit offset did TATA make?

Not ONE mention (but it's 'hidden' in there!)

Prob. why Tata can afford to take a £300 Million loss!

We are the one's taxed for this which forces our industries to close when they become uncompetitive due to price (which contains an element to pay for the Carbon Credit scams!).

Asian companies playing with our industries with money taxed and taken from us in the first place - great larf!

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Very good news!! :D

I remember when this plant was to be mothballed.. I was angry about it and posted about how it is such a shame to idle perfectly good capital that creates so much wealth.

I can appeciate closing down like a buggy whip plant, but this is a perfectly good steel plant, a product still widely used in Britain. (and that we should use more of).

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BANGKOK (Reuters) - Sahaviriya Steel Industries Pcl , Thailand's top hot-rolled steel coil maker, expects record profits this year, helped by a one-off gain of about $300 million (187 million pounds) from its purchase of a steel plant in Britain.

How does buying something create a gain in profits, then?

Sahaviriya is buying a plant in Britain from India's Tata Steel for $500 million, but independent assessors said it was worth about $300 million more, allowing it to book a one-off gain.

Ah, I see. I thought that buying something on an open market meant it was 'worth' what you had paid for it. Silly me.

Somebody should try a similar thing with houses, they could make a fortune.

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Very good news!! :D

I remember when this plant was to be mothballed.. I was angry about it and posted about how it is such a shame to idle perfectly good capital that creates so much wealth.

I can appeciate closing down like a buggy whip plant, but this is a perfectly good steel plant, a product still widely used in Britain. (and that we should use more of).

steel prices are about to double, my sources tell me.

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Another foreign owned company grabbing a piece of our economy. I wouldn't mind so much if British companies were doing the same overseas. I know FirstGroup owns Greyhound Buses in USA and our National Grid owns one of USA's three power grids, but those are the exception rather than the rule.

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Another foreign owned company grabbing a piece of our economy. I wouldn't mind so much if British companies were doing the same overseas. I know FirstGroup owns Greyhound Buses in USA and our National Grid owns one of USA's three power grids, but those are the exception rather than the rule.

http://uk.finance.yahoo.com/news/Meggitt-buy-Danaher-unit-428-reuters_molt-381973522.html?x=0

http://www.computing.co.uk/ctg/news/1937222/bae-buys-cyber-security-firm-norkom

http://www.telecoms.com/22748/vodafone-buys-expense-management-firms/

http://news.bbc.co.uk/1/hi/business/7620306.stm

British companies buy foriegn firms all the time.

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steel prices are about to double, my sources tell me.

Indeed, we're factoring in 60% increases for stock steel costs. All down to Chinese consumption and Eastern Australia being under water where a good proportion of the coke required for smelting steel is mined.

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  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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