Odds and sods

Brrrrr. That chill Northerly is blowing relentlessly and it is ‘bluddy freez’ as my mate Ahmed says.

Just odds and sods today. Firstly for a chap wott bought 20,000 Corac Group shares the other day only to see them fall 25% in value over the following 5 days (uuuuuugh!!) there’s been some good news. And before you start pointing fingers and muttering ‘ishesumsortofrichbastard’ I should point out that the price of 3.7508pence each even when multiplied by 20,000 does not equate to a big sum. Your honour.

“LONDON (Alliance News) – Corac Group PLC shares rose early Tuesday after the company said its trading during 2014 will be ahead of expectations, after a strong performance across the business.

The specialist engineering company said it expects its results for the year to December 31 to come in ahead of its expectations, with a narrowed loss, an improved cash position and a robust order book at year-end.

Corac expects a further improvement in performance in 2015 on the back of the discontinuing loss-making legacy gas compression projects. The group refocused its operations towards the aerospace and defence sector and the energy and process sector over the year and is still in the process of reviewing its downhole compression and in-hole application contracts to ensure economic conditions in the oil and gas sector maintain the viability of the projects.

The company also said it is to invest GBP0.8 million in buying an unnamed Manchester-based fabricator, funding from existing cash resources. It will integrate the business into its other activities in the north west of England.

“Corac made good operational and commercial progress in 2014; trading is expected to be ahead of expectations with a reduced loss, robust net cash and an increased order book,” said Corac Chief Executive Phil Cartmell.

“In line with our strategic planning, the group is successfully restructuring towards its core customer sectors and gaining maximum value from them. Business efficiencies and exit from costly legacy projects, have put us for the first time in a sustainable financial and operational position from which to achieve growth and improved performance,” Cartmell added.

Corac shares were up 14% to 4.41 pence on Tuesday morning, one of the best performers in the AIM All-Share index.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

Copyright 2015 Alliance News Limited. All Rights Reserved”.

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Secondly, cuzzin Jo sent me a snapshot quote that kind of makes a lot of sense in these dark fundamentalist days of bollox.

Religion is like a penis

It’s OK to have one

It’s OK to be proud of it

However

Do not pull it out in public

Do not push it on children

Do not write laws with it

Do not think with it.

 

Thirdly, old allatsea’s profligate tood to eating and drinking has finally caught up with him. Doc says lose 20kg, get fit and wise up. Hmmm, seems I’d better. The regime change has started. No more visits to Peter’s Fish Factory at Margate Harbour, oh no sir. Today’s lunch was the following. It was nice and wasn’t 1500 calories like normal.

 

Cabbage/dhal/ham soup (04-02-2015)

500ml water

90g Serrano ham (110)

200g raw white cabbage (30)

200g cooked dhal (125)

Flavourings etc (50)

Total calorie count = 315 Calories!!

About allatsea

Sixty year old master-mariner. Absolutely gorgeous. Well wedged.....when compared to a Nairobi street urchin. Sorted, in that I haven't been in court recently. Hopelessly optimistic, terminally disappointed. Good with cats and other fluffy things. No musical talent. Generous to a fault provided it's someone else's round. Political centreist with far right and left viewpoints. A green activist from the hydrocarbon position with nuclear leanings. Averse to avarice but always happy to receive lottery wins, gifts, windfalls, legacies, prizes and wet sloppy kisses.
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