Wot I saw on the Bat TV

[Daz Madrigal]

chavette said:

On the Chavvy TV:

There was Grease - A hard-hitting documentary bout life inside Merican Highschools. I didn't manage to follow it to the end. I was distracted by a spider on the wall. Happens a lot.

There was also White Heat - from the old days and acksherlly I had never seen it before and I lurved it. Old days were great, you got to run around shooting people and hiding in trucks.

Thats whats so good about Mafia/Prohibition/Kray type gangs. In the old days they stuck to shooting each other to bits and left us lot in relative piece.

[Daz Madrigal]

kipper said:

Obviously not seeing any Bat TV

Plenty of Radio though ....

Heard a brilliant program on how the British simply "gave away" world leading technology to the Americans in excahneg for war machinery and manufacturing assistance.

We sent over our top Scientist (apparently) with a suitcase. In it was the Capacity Magnetron. What it did was a 100 times more powerful than the Americans (or anyone else) could achieve. Our Great Government handed it over for some bomb aiming gear and manufacturing access. What did the Magnetron do ? Enabled Radar to be installed in aircraft/tanks etc..... oh and was the basis for the Microwave and other microwave associated technology.
The Americans were so amazed they went into immediate production of devices - and said ....er.... Thanks - here's some machinery in exchange.

If Politicians are so short-sighted, why don't they all wear glasses ?

Presumably that was during the War effort, Kip.

Contact lenses hadn't been invented then.

[Daz Madrigal]

sandywinder said:

<<< 1.1 million Conservative activists have left the Party since 1979,The Labour Party no longer pretends to be a mass party (latest estimate 150 000), the Lib Dems well what can you say. All of them rely on big cheque donors, to buy influence and this has meant that none of them have the need to listen to anybody anymore, other than their donors and pressure groups. Their answer to this is that we the taxpayer should be compelled to keep them in clover. The Labour Party has already decided that we the taxpayer should pay for the legal bills of those cautioned under the Cash for Peerages scandal.

The time for small Government has started to gain a groundswell, hopefully this will receive a boost this week, as the Labour conference will lay down more plans for our money and start laying down more intrusive plans to run our lives. >>>

I thought Browns speech was pretty much sick inducing but not according to the Polly Toynbee lot and the usual suspects.

..leaving aside the Uriah Heep 'Suffer Little Children' tripe and the story of how the wonderful NHS did some op on his eye aeons ago lets look at the facts..

All his proposals are based on mere promises that cannot be fulfilled but more than that he is merely trying to correct the problems made when HE was in power.

However the Public swallow it.

The Public are on the whole Moronic.

Daz is something of a misanthropist..well yeah but most cynics only become so due to being overly humanist and idealistic.

Not sure what Sandys on about..if he thinks there will be mass desertions to UKIP/BNP/whatever he's mistaken.

Of course Brown will win....and we will sleepwalk into complete catastrophe and again despite what commentators are saying..I can't see Brown not going for an Autumn election.

Why is he a conman.

He's shoving all the blame onto Blair when he was complicit.

Only fools would be taken in by such a sleight of hand.

'Great' Britain has more fools than anywhere on the Planet.

[sandywinder]

madrigalman said:

Well no surprise there then although its throughout society - who benefits from Northern Rock as the poor people who innocently banked money there are told the Cupboard is now bare.

But hang on...didn't the Directors of Northern Rock quickly sell their shares only to buy them back again when they reached rock bottom. That stinks to high heaven, Sandy.

Its not just Europe - its everywhere!

Just making things up doesn't further debate very much Daz.

What evidence have you that ANY NR directors sold their shares when the stuff hit the fan and then bought them back later? I could expect socialists to come out with this garbage.

And there is a BIG difference.

With private companies like NR, it is mainly the shareholders who lose out. With the state it is people like you and me.

[sandywinder]

Daz says:

The Public are on the whole Moronic.

Not sure what Sandys on about..if he thinks there will be mass desertions to UKIP/BNP/whatever he's mistaken.

This is what I mean . The morons vote Tory, Labour or Lib Dem.

They vote for the sleaze to continue.

Are they morons or just plain bonkers?

When the cash-for-honours sleaze was in full flow the silence from the Tories and Lib Dems was deafening.

If any Tory/Lab/Lib politicians had ANY honour at all they would resign the whip and become independent.

But they won't because they have no honour or decency and so I would never vote for them.

And that is one reason why millions of people do not vote at all.

Not out of apathy, but out of sheer disgust.

[Daz Madrigal]

Yes..but its crazy to think that UKIP are in any way knights in shining armour, Sandy. What makes you think they are different?

The only positive the Liberals, UKIP, BNP, Respect Party have is that they have never been in power and aren't likely to be in the foreseeable future.

Under Brown..the end really IS nigh..at least I'll be able to keep out of the deep stuff but the more time goes by the more likely the catastrophes about to befall everyone which is why I'm surprised he doesn't rush to Election. Maybe he doesn't want to appear too grasping.

And thats what he is...he is interested in nothing but himself. Thats my opinion. Lets stand back and see.

[Daz Madrigal]

sandywinder said:

madrigalman said:

Well no surprise there then although its throughout society - who benefits from Northern Rock as the poor people who innocently banked money there are told the Cupboard is now bare.

But hang on...didn't the Directors of Northern Rock quickly sell their shares only to buy them back again when they reached rock bottom. That stinks to high heaven, Sandy.

Its not just Europe - its everywhere!

Just making things up doesn't further debate very much Daz.

What evidence have you that ANY NR directors sold their shares when the stuff hit the fan and then bought them back later? I could expect socialists to come out with this garbage.

And there is a BIG difference.

With private companies like NR, it is mainly the shareholders who lose out. With the state it is people like you and me.

lol YOU think the Northern Rock Directors are out of pocket do you, Sandy?

Well there's a first for everything...lol YOU think the Northern Rock Directors are out of pocket do you, Sandy?


Sometimes the Socialists get it right but its not just them its everyone. And why were they bailed out by Brown..well if it was AFTER an election they'd have been hung out to dry but as I said..nowadays everyone is spoon fed rubbish...cheating left right and centre..people do not even trust the BBC..in fact the Americans laughing at a dismal dump of an island are totally correct. Our only significance is in having anuclear capacity..other than that we dont figure anywhere.

Now I'd settle for that were in not for the fact that we're knee deep in debt and...it will all collapse eventually. If that sounds like doom mongering then..well I'll keep mongering..the doom.

Next time it happens..and it will! Brown won't be so keen to do the gentlemanly thing.

As for his 'suffer little children' speech...pfft..what on earth has this whining little country come to.

[sandywinder]

I didn't say the NR directors are out of pocket, did I? Although I bet their aspirations for their future cushy living have suffered a big blow. It is they who have large numbers of now virtually worthless shares on their hands.

Now contrast that to the MPs who take NO RISKS at all.

The NR directors do not decide on the rules by which they operate. The government do that.

The government also decide on their OWN salaries and pensions.

While these are published they try to cover up all their sleazy perks, which company directors HAVE to declare. Company directors have to publish all their share dealings as well.

So who are the crooks?

Qui custodes custodiat?

[kipper]

de minimis non curat lex

[kipper]

This morning at 8.40 Northern Rock isued a 2.10 notice.
This is basically a notice to say "someone has taken an interest"
It's only > 1% at the moment ... but follows on releases a few days ago that Northern Rock is fielding some enquiries for takeover. This morning's notice, therefore, may be the very start of someobody "acquiring" a quiet first tranch of shares.

Considering they were 1200 at high water and are 181 now .... somebody might think they can pick up a bargain. Certainly a cheap price to acquire a heap of customers - even if the brand is a little knackered now.

[sandywinder]

I can't understand how a 'market' can price something at £12 and a few months later it is worth only £1.80.

Surely the business can not be so bad. It has so many mortgage customers, most of whom are paying their mortgages as usual.

If they just stop selling new ones they should soon have money coming out of their ears.

Only 12 months ago most banks would have jumped at £11 a share.

The business hasn't changed that much. They have only really lost their 'goodwill'.

[kipper]

Well, first off Markets are about emotions not prices.

Secondly ... it's NRock's ability to be viable in the future and to pay divs etc.
As they've near shot the Brand in the foot - the potential for growth ( the basic diet of buisness) is zero. The potential for shrinkage of the customer base is high.
The sale price reflects what the contract list (and some property etc) is worth, plus an amount for the promise of someone turning them around as the retained name of NRock (low)

Companies will pay a pretty penny for a guaranteed customer list - esentially, in many financial sector takeovers ... that's what you're buying anyway, plus some of the golden handcuffed investment experts on staff.

The essential thing to keep in mind is:
Q: If YOU fancy taking out another account/loan /mortgage, would it be with Northern Rock ?
A: Not now, and probably not next year either.

Thus share price 181. As you know all shares are traded at a multiple - and that multiple is always based on typical growth and profit withing the sector. No growth = low multiple.

[Daz Madrigal]

sandywinder said:

I didn't say the NR directors are out of pocket, did I? Although I bet their aspirations for their future cushy living have suffered a big blow. It is they who have large numbers of now virtually worthless shares on their hands.

Now contrast that to the MPs who take NO RISKS at all.

The NR directors do not decide on the rules by which they operate. The government do that.

The government also decide on their OWN salaries and pensions.

While these are published they try to cover up all their sleazy perks, which company directors HAVE to declare. Company directors have to publish all their share dealings as well.

So who are the crooks?

Qui custodes custodiat?

read this

business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article2469492.ece

..and then put a cork in it, Sandy. You're making a darn fool of yourself.

[Daz Madrigal]

kipper said:

The essential thing to keep in mind is:
Q: If YOU fancy taking out another account/loan /mortgage, would it be with Northern Rock ?
A: Not now, and probably not next year either.

Thus share price 181. As you know all shares are traded at a multiple - and that multiple is always based on typical growth and profit withing the sector. No growth = low multiple.

Yes and the shares will do what next, Kip?

Barring economic vagaries they are a safe bet to gradually increase the share price.

Now there are not one, but two knockout blows to Sandys flimsy defence of Capitalism, which as with ALL systems has its flaws.

1) Who are the first people to know that the business is going down the tubes, Sandy?

Yes, the Owners/Directors.

So what do they do?

Firstly they give themselves a huge pay rise (already THEY are the winners!) and secondly they slowly sell their shares. Who on earth wants to LOSE MONEY, Sandy.

YOU of all people...a man who spends AGES searching for the cheapest available light bulb!!!!!!!!!!!!!!!

Now guess where they will make money a THIRD time?

They buy up the shares when they are 'rock' bottom.


2) The losers are always the little people. The clientele.

This is where Gordo sneaks in...he agree's to go some way to bailing the Company out whilst competely forgetting that it is HIS policies that forces this to happen.

And it will happen again!

Will he bail them out after he's elected (yeh i've given up on that one)..will he hell. He may offer some sop..a small gesture...and yet its all his fault in the first place!

The bloody cheek of this bloke is unbelievable!!!

...AND FINALLY.


What money is used to bail the Company out?

- yours!

[sandywinder]

madrigalman said:

sandywinder said:

I didn't say the NR directors are out of pocket, did I? Although I bet their aspirations for their future cushy living have suffered a big blow. It is they who have large numbers of now virtually worthless shares on their hands.

Now contrast that to the MPs who take NO RISKS at all.

The NR directors do not decide on the rules by which they operate. The government do that.

The government also decide on their OWN salaries and pensions.

While these are published they try to cover up all their sleazy perks, which company directors HAVE to declare. Company directors have to publish all their share dealings as well.

So who are the crooks?

Qui custodes custodiat?

read this

business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article2469492.ece

..and then put a cork in it, Sandy. You're making a darn fool of yourself.

You said they had sold shares and then bought them back on the cheap. I repeat - what evidence have you?

I see that the main man is currently LOSING £700,000 on his shares.

<<<Even if Mr Applegarth, whose pay package was £1.3 million last year, is ousted by the board, he will still benefit financially. Mr Applegarth, who is 45 and has worked for the group for 24 years, would probably receive another year’s salary. He has amassed a pension fund entitling him to payments of £266,417 a year and owns almost 100,000 shares in the group - although their value has fallen steeply in recent days, to £430,365, against a £1,151,572 peak last year. >>>