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BigFish

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BigFish last won the day on December 17 2019

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  1. BigFish

    The Brexit Thread

    Thought as much
  2. BigFish

    The Brexit Thread

    Oh do enlighten us @Van wink, what exactly is the strategy? I assume it includes KPIs against which we can judge its success.
  3. BigFish

    The Brexit Thread

    Swindo, the so called "transition period" starts on the day after we leave e.g. 1st Febuary
  4. BigFish

    The Brexit Thread

    Doh!
  5. BigFish

    The Brexit Thread

    The UK economy is in dire straits and a few "positive stories" are not going to change that. Brexit will inevitably make the situation worse in the short term and the Brexiteers should own that. That is not drowning in misery, that is realism and the UK will only progress if the government acknowledges the situation as it is, rather than what they would like it to be. The mistake you make is to confuse business stories with economic stories. The Arrival story was insignificant even after it was inflated for PR purposes. Ecomomists operate at levels of aggregate demand in terms of billions. Here are a few realistic stories of the situation the UK is in.
  6. BigFish

    The Brexit Thread

    What you quote here largely from Arrival's press release doesn't contradict what I wrote. Sure Arrival is preparing to build thousands of electric vans but that doesn't mean the Koreans are supporting UK manufacturing, rather they will use the IP to produce electric vehicles in Korea not the UK. You bolden plants in the UK but not internationally which demonstrates a partial interpretation of a piece that was already partial. The Russian owned Arrival say they will manufacture globally, not just in the UK. All interesting stuff but to pretend that this is a significant leap for UK manufacturing is wide of the mark
  7. BigFish

    The Brexit Thread

    In the real world the latest figures show industrial production has been contracting for months.....
  8. BigFish

    The Brexit Thread

    Simple really, they arn't. The £85m gives them access to Arrival's manufacturing IP which then can then deploy in Korea (if it turns out to be successful). The desparation for good economic in the current climate means that people don't look at the full picture.
  9. BigFish

    The Brexit Thread

    What, like the UK in 2021...........complete red herring
  10. BigFish

    The Brexit Thread

    Good to see that the government say they will never withdraw from the European Convention of Human Rights under circumstances and will remain active in the Council of Europe. Nice, and confusing for Brexiteers.
  11. Knock yourself out Jim - A Guide to Takeovers in the United Kingdom. Interesting with Brexit bubbling along that the City Code is an EU Directive, although actionable under UK Law. I am not an expert but clearly the City Code would apply, but the question is instead how. The threshold of compulsory purchase of 100% of the club is 90% while it is 70% that would require any offer to be extended to all shareholders, so in this case it doesn't make much difference. However, if someone had the spare £100 million required to purchase the million shares there are a number of minority shareholder rights (they could prevent the owner taking the company private for example, prevent special resolutions, block takeovers, compel offers to all shareholders) that would restrict the new owners ability to operate so it would make sense for them to take the lot. You are now talking about the club being valued at around £160m which is comparable to other clubs sold so the chances of finding someone who fits the bill for a new owner looks virtually nil.
  12. More likely they expected to be able to remain a "established Premier League team", failed, the money is gone, a sunk cost, and they cannot get out without realising the loss. They are now stuck with the debt and no way out. A salutory lesson
  13. BigFish

    The Brexit Thread

    Ah bless @paul moy, this is all a bit beyond you, isn't it? Companies have been uncertain on what is happening and what the situation will be in 2021 so have reduced investment, diverted it to other countries with a known future or stopped investing altogether. As a result companies that would supply the goods and services for that investment have lower incomes and pay less tax so the government has a larger deficit. The lack of investment means that the country is less productive and less competitive. That is why GDP growth in the UK has virtually ended. All down to Brexit.
  14. If you were a super-rich Chinaman looking to invest in a football club in East Anglia the best bet is probably Cambridge United. Admittedly not much in the way of tradition but you could probably buy the club for a quid, Cambridge as a city has a global reputation, rich, growing, close to Stansted, a hour from Central London etc. Build them a 40,000 stadium, training ground and invest in the team and still have change from the price of buying City.
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