I wasn't suggesting that the Iran War was the cause of 5% inflation more a contributory factor. The reverse Causation argument would suggest that more money has to be printed to cover the increased cost of oil
Tom - spot on. Everything points to one route now. Yes holding Gold has been painful but I think the Iran war was just a blip on the trajectory which would have seen 6k Gold this year. They are all blaming Iran for inflation from the Fed to the BOE. Any further rate rises means bankruptcy for the state mechanism. It's over and Gold will move sharply as that becomes an inevitable conclusion.
Hard to believe that the Avenging Eagle wrote this in such a reasonable tone. It is certainly true that no individual products, including Zenakine, were flagged up but since Croda are still promoting Zenakine like a PT Barnum miracle cure all over the world, the chances are that it is contributing to a stellar Croda performance. We won't see much of it in Skins' imminent FY25/26 results of course but will hopefully get some positive guidance for 26/27. You are certainly right that we need some forward guidance on Croda if Skins want to attract new investors.Notwithstanding your suspicions (and mine) about the June 2025 placing, no wrongdoing has been uncovered by the independent forensic investigation so nothing to see here.Cash is tight but the company has recently reconfirmed via its IR Desk that the chairman's cash runway assurances and the unexpected uplift in Q1 revenues still hold true. We have to wait a couple of weeks to find out how she has done it.The company has also confirmed to me that notwithstanding their Croda agreement, Skins directors are free to buy shares. They wrote:The existence of the ongoing contract confidentiality (not strictly speaking an 'NDA') with Croda never was a factor preventing the Directors from buying shares; it was more to do with ongoing negotiations with other potential partners that was the perceived deterrent. Any issue now around Directors buying shares will be whether we are in a close period in the run up to the full year results.That doesn't mean they are going to, of course, but my guess is that they will.The current SP is meaningless as Skins drifts towards the FY results. There appears to be a forced seller muddying the water again as a few Skinheads dive in on the back of Croda's news.
Tom. Are you suggesting that the closure of the Straights of Hormuz for the last 6 months has had no impact on our cost of living? I am not defending Mr. Ranger's rather blasé response. he should know and try better, but by saying that inflation, particularly this year, "has SFA to do with Trump" is falling into the same trap as our esteemed elected official.
Unitl skins provide either.A) Forward guidance suggesting a sharp uptickB) Actual results which show that their performance has improved.Its difficult to see the market getting excited.The Croda results are encouraging but do not supply the detail needed to form an informed opinion.
This is typical of low-grade Labour MP's. Total muppets, and primed to speak only in paraphrases and soundbites.Thankfully Joshua has a father that knows what he's talking about.
