english zloty Posted September 5, 2022 Share Posted September 5, 2022 Manx Gas are about as green as my arse after a decent Thai curry 2 Quote Link to comment Share on other sites More sharing options...
Asthehills Posted September 5, 2022 Share Posted September 5, 2022 1 hour ago, manxfisherman said: Reasons for companies to rebrand Deniability for the past Shocking public perception Greenwashing Of course manx gas themselves say "the new name 'reflects the changing direction of the business to provide customers with choice'." although apart from use it or don't I'm not sure what choice they are referring to. Do people actually read the stuff in the press? They have identified that a company that only sells gas isn’t viable long term. They have identified that by being called “Manx Gas” it really suggests they only sell gas. They want to diversify and give people options to lower their gas usage. The level of bleating from people who seem to genuinely think Manx Gas have any control over wholesale gas prices is embarrassing, as is the hate for everything they try and do from people who clearly have no clue. 3 1 Quote Link to comment Share on other sites More sharing options...
NoTailT Posted September 5, 2022 Share Posted September 5, 2022 Wonder how much the rebrand is costing...? Quote Link to comment Share on other sites More sharing options...
Asthehills Posted September 5, 2022 Share Posted September 5, 2022 2 minutes ago, NoTailT said: Wonder how much the rebrand is costing...? Very little. I don’t think you need to be a genius to figure out that they will be massively aware of public perception. Quote Link to comment Share on other sites More sharing options...
Roger Mexico Posted September 5, 2022 Share Posted September 5, 2022 20 minutes ago, NoTailT said: Wonder how much the rebrand is costing...? Not as much as they'll put in the accounts. I suspect this is going to be used to load the company with more debt so they can increase profits. 2 1 Quote Link to comment Share on other sites More sharing options...
John Wright Posted September 5, 2022 Share Posted September 5, 2022 5 minutes ago, Roger Mexico said: Not as much as they'll put in the accounts. I suspect this is going to be used to load the company with more debt so they can increase profits. But as profit is 5% on assets employed it can’t work like that? 1 Quote Link to comment Share on other sites More sharing options...
2112 Posted September 5, 2022 Share Posted September 5, 2022 44 minutes ago, Asthehills said: Do people actually read the stuff in the press? They have identified that a company that only sells gas isn’t viable long term. They have identified that by being called “Manx Gas” it really suggests they only sell gas. They want to diversify and give people options to lower their gas usage. The level of bleating from people who seem to genuinely think Manx Gas have any control over wholesale gas prices is embarrassing, as is the hate for everything they try and do from people who clearly have no clue. If Island Energy suddenly went ‘green’ and actually invested in other forms of renewables, they would be competing with Manx Utilities. I doubt though that Island Energy would lower their pricing, in fact they will use the pricing to extract the maximum profit from a consumer, where choice is non existent. Quote Link to comment Share on other sites More sharing options...
Asthehills Posted September 5, 2022 Share Posted September 5, 2022 33 minutes ago, 2112 said: If Island Energy suddenly went ‘green’ and actually invested in other forms of renewables, they would be competing with Manx Utilities. I doubt though that Island Energy would lower their pricing, in fact they will use the pricing to extract the maximum profit from a consumer, where choice is non existent. Their profit is predetermined at 5% of assets employed as has already been pointed out a number of times and monitored. They don’t have free reign to increase profits as people seem to think they do. Quote Link to comment Share on other sites More sharing options...
John Wright Posted September 5, 2022 Share Posted September 5, 2022 7 hours ago, offshoremanxman said: The formula for ROC is here it does factor in debt position so there would be nothing stopping them loading more up. https://www.investopedia.com/ask/answers/09/return-on-equity-vs-return-on-capital.asp Yes, but haven’t they been moved by the regulator from 9.9% on capital employed to 5% on asset base? Quote Link to comment Share on other sites More sharing options...
John Wright Posted September 5, 2022 Share Posted September 5, 2022 28 minutes ago, offshoremanxman said: I’m sure Chris Thomas is quoted somewhere on social media as saying 5% on ROC. My understanding is that it’s WACC now at 5% as opposed to ROCE. 1 Quote Link to comment Share on other sites More sharing options...
cissolt Posted September 5, 2022 Share Posted September 5, 2022 Chairman Rob, I think it was him, stated that it was 5% EBITDA margin. I was surprised whoever it was knew about EBITDA! The regs don't mention ROC or WACC. Regardless, Manx gas are operating at a profit whatever that percentage is. Gas customers are also subsiding gas used by government. Quote Link to comment Share on other sites More sharing options...
Happier diner Posted September 5, 2022 Share Posted September 5, 2022 7 minutes ago, cissolt said: Chairman Rob, I think it was him, stated that it was 5% EBITDA margin. I was surprised whoever it was knew about EBITDA! The regs don't mention ROC or WACC. Regardless, Manx gas are operating at a profit whatever that percentage is. Gas customers are also subsiding gas used by government. Are they? Quote Link to comment Share on other sites More sharing options...
John Wright Posted September 5, 2022 Share Posted September 5, 2022 43 minutes ago, cissolt said: Chairman Rob, I think it was him, stated that it was 5% EBITDA margin. I was surprised whoever it was knew about EBITDA! The regs don't mention ROC or WACC. Regardless, Manx gas are operating at a profit whatever that percentage is. Gas customers are also subsiding gas used by government. Actually they do mention WACC at 8(j). And the regs you quote are the regs for fixing the retail price rather than the profit Quote Link to comment Share on other sites More sharing options...
WTF Posted September 5, 2022 Share Posted September 5, 2022 all this fooking anacronyms remind me of this 1 Quote Link to comment Share on other sites More sharing options...
John Wright Posted September 5, 2022 Share Posted September 5, 2022 1 hour ago, cissolt said: Chairman Rob, I think it was him, stated that it was 5% EBITDA margin. I was surprised whoever it was knew about EBITDA! The regs don't mention ROC or WACC. Regardless, Manx gas are operating at a profit whatever that percentage is. Gas customers are also subsiding gas used by government. Those are the regs for how the regulator sets the retail price. And WACC is in there at 8(j) Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.