Non-Believer Posted December 14, 2021 Share Posted December 14, 2021 (edited) 7 minutes ago, finlo said: She chose her words carefully on MR earlier bleating 'our profits are down 130%!............on last year's' MG have got too used to making huge profits. Perhaps Ancala shareholders need reminding that the value of their investments can go down as well as up. Ms Cox's first duty is to those shareholders - not IoM consumers. She can sod off with her whinging. Edited December 14, 2021 by Non-Believer extra bit 4 2 Quote Link to comment Share on other sites More sharing options...
pongo Posted December 14, 2021 Share Posted December 14, 2021 2 hours ago, 2112 said: Have our elected idiots voted the new price rises through yet? Presumably you would support that? Given that you have complained that too many in Tynwald are left-wing. Government intervening on pricing would surely be far too leftist for you? 2 1 Quote Link to comment Share on other sites More sharing options...
Cambon Posted December 14, 2021 Share Posted December 14, 2021 Funny thing is, in the last month as Manx gas have been butting heads with the government, the wholesale price of gas has dropped from over $5 to $3.80. And lt looks like it is going to continue dropping. Quote Link to comment Share on other sites More sharing options...
hissingsid Posted December 14, 2021 Share Posted December 14, 2021 So if the price has dropped what possible reason can CURA put forward for another price increase ? 1 Quote Link to comment Share on other sites More sharing options...
Bazza Smurf Posted December 14, 2021 Share Posted December 14, 2021 16 minutes ago, hissingsid said: So if the price has dropped what possible reason can CURA put forward for another price increase ? MG say they need money to maintain and invest in the infrastructure. The 27.5% only broke them even I am led to believe. Make of that what you may. Quote Link to comment Share on other sites More sharing options...
Bazza Smurf Posted December 15, 2021 Share Posted December 15, 2021 This out today from CURA. https://www.cura.im/media/1571/20211215_information-notice_gas-articles-clarification.pdf 1 1 Quote Link to comment Share on other sites More sharing options...
Andy Onchan Posted December 15, 2021 Share Posted December 15, 2021 17 hours ago, finlo said: She chose her words carefully on MR earlier bleating 'our profits are down 130%!............on last year's' So what happened to all the accumulated profit over the years they have been operating on Mann? Don't tell me.... all siphoned off as management fees to the LLP elsewhere. 2 Quote Link to comment Share on other sites More sharing options...
hissingsid Posted December 15, 2021 Share Posted December 15, 2021 She has stated the Company she works for buys up companies builds up their profits and sells them on. 1 Quote Link to comment Share on other sites More sharing options...
Amadeus Posted December 16, 2021 Share Posted December 16, 2021 20 hours ago, Bazza Smurf said: This out today from CURA. https://www.cura.im/media/1571/20211215_information-notice_gas-articles-clarification.pdf Someone been telling porky pies to try and shaft the island a bit more? Or just not very competent when it comes to the very rules the company operates under? Either way not a good look for MG. Quote Link to comment Share on other sites More sharing options...
2112 Posted December 16, 2021 Share Posted December 16, 2021 4 minutes ago, Amadeus said: Someone been telling porky pies to try and shaft the island a bit more? Or just not very competent when it comes to the very rules the company operates under? Either way not a good look for MG. I think that MG has now run out of any goodwill at all with the general population, the islands population and its idiot politicos. That’s really saying something for an organisation, which has effectively been slapped down by the gas regulator, following comments made by its Managing Director. Quote Link to comment Share on other sites More sharing options...
Andy Onchan Posted December 16, 2021 Share Posted December 16, 2021 39 minutes ago, Amadeus said: Someone been telling porky pies to try and shaft the island a bit more? Or just not very competent when it comes to the very rules the company operates under? Either way not a good look for MG. I might be wrong but reading para 6 might leave the door open for an increase. 1 Quote Link to comment Share on other sites More sharing options...
Ringy Rose Posted December 16, 2021 Share Posted December 16, 2021 41 minutes ago, Amadeus said: Someone been telling porky pies to try and shaft the island a bit more? Surely not. Ms Cox always sounds so honest and decent when she appears on local media. It's almost as though they're burning bridges as a negotiating tactic. Quote Link to comment Share on other sites More sharing options...
Ringy Rose Posted December 16, 2021 Share Posted December 16, 2021 2 minutes ago, Andy Onchan said: I might be wrong but reading para 6 might leave the door open for an increase. I read it more as CURA pointing out that the current situation is not normal and so MG should shut up. And it is abnormal, just as the price of oil dropping to -$37 a barrel was not normal last year. Obviously if these wholesale prices become the new normal then things will be different. Quote Link to comment Share on other sites More sharing options...
Andy Onchan Posted December 16, 2021 Share Posted December 16, 2021 3 hours ago, Ringy Rose said: I read it more as CURA pointing out that the current situation is not normal and so MG should shut up. And it is abnormal, just as the price of oil dropping to -$37 a barrel was not normal last year. Obviously if these wholesale prices become the new normal then things will be different. I reckon that's wishful thinking and that Para 3 is the bollocking/putting the record straight. 1 Quote Link to comment Share on other sites More sharing options...
Non-Believer Posted December 19, 2021 Share Posted December 19, 2021 With CURA having just put the delightful Ms Cox straight I would hope there's a good chance too. 1 Quote Link to comment Share on other sites More sharing options...
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