Ineos Chemicals in Debt (is IA safe?).

[Shopkeep]

Does the proposed massive Old Trafford redevelopment plan now put some context around the recent changes in Ineos sport sponsorship? Maybe Uncle Jim is a genius after all and this redevelopment could be a massive long term earner for him?
https://www.manutd.com/en/news/deta...bition-to-build-a-new-stadium-at-old-trafford

 

[DaveB]

Don't agree 100%.
While it's certainly true what you're saying regarding write-off, losses remain losses, and are not profits, which would be better despite being taxed...

Not sure about every country but normally a business offsets losses and profits against tax.
So either you owe the tax department or they owe you.
As a company never gets and actual payback from the tax department, they accrue the benefit from the loss to use against future years profits.

 

[TD5-90]

Not sure about every country but normally a business offsets losses and profits against tax.
So either you owe the tax department or they owe you.
As a company never gets and actual payback from the tax department, they accrue the benefit from the loss to use against future years profits.

Running an own business I'm absolutely sure that there's absolutely nothing good about losses. What you're saying may eventually be possible to effectively increase taxation periods and pay less averge taxes, but at the penalty of missing profits. If it's your primary idea to run a business at low average profits, just to avoid taxes, well, that's not my approach...

 

[DaveB]

Running an own business I'm absolutely sure that there's absolutely nothing good about losses. What you're saying may eventually be possible to effectively increase taxation periods and pay less averge taxes, but at the penalty of missing profits. If it's your primary idea to run a business at low average profits, just to avoid taxes, well, that's not my approach...

Small business ownership is very different to large and very large business management.
I have owned several of my own companies and was very annoyed to close one down during the GFC with $15,236 of tax credits that I couldn't touch.
Once a company has shareholders and is publicly listed it is a whole different game.
The main aim is to pay dividends to shareholders and keep the share prices high.
Share prices aren't mainly based on profits or losses just how much of a good investment the shareholders think the company is.
As many very rich and smaller shareholders of a particular electric car company have discovered over the last few weeks.

 

[TD5-90]

...
Share prices aren't mainly based on profits or losses just how much of a good investment the shareholders think the company is.
...

I'm glad that my colleagues & I can act rationally, not trying to serve the gamblers...

 

[AWo]

Tottenham Hotspur sue Sir Jim Ratcliffe’s Ineos for £11m because of missing payments.

Tottenham Hotspur sue Sir Jim Ratcliffe’s Ineos for £11m - European Football - EUCUP.COM

Tottenham Hotspur have lodged a High Court claim for £11million against Sir Jim Ratcliffe’s company Ineos Automotive, the club’s former sponsor.

www.eucup.com

Tottenham Hotspur have lodged a High Court claim for £11million against Sir Jim Ratcliffe’s company Ineos Automotive, the club’s former sponsor.

AWo

 

[Jeremy996]

It will be interesting to see how that pans out as the Ineos response sounds like they have a break clause. The figures suggest it will be in the High Court, so it could take 5 years to get to the court door. In the meantime, I would expect the parties to settle quietly and secretly.

 

[AWo]

What catched my eyes were the missing payments over years....

AWo

 

[LeeroyJ]

I'm not sure that a suit claiming $11 Million against the Ineos Group with $55 Billion in annual revenue is something to lose sleep over.