Dau sylw ar “(English) A Tale of Two Cities

  1. It was difficult not to mention liquidity ratios, sunk costs or bailout in the article….

    1. What about cash flow, or the directors’ eye watering bonuses ? Could go on and on….

      Speaking of which although the model is fundamentally sounder than the wide boy model as applied to Thames it is still used to fend off legitimate criticism of performance. “Oh look we don’t dish out dividends but plough profits back into the business” is the frequent refrain but they could be ploughing much more back in if they paid attention to the detail of the business. And their role in pollution of water courses doesn’t endear them to this writer even though their friends in the Bay crowd would like to place all blame on farmers and small business

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