Is Ineos in financial woes?

[DoubleDoom]

Ratcliffe has put his superyacht Hampshire II up for sale. Never a good sign! I think Ineos Automotive will be sold within a year. But who would buy it?

AI has been unable to find any sources that it is for sale. The most recent info found it has just moved to Mallorca where Sir Jim is reported to have a home.

 

[Emil]

AI has been unable to find any sources that it is for sale. The most recent info found it has just moved to Mallorca where Sir Jim is reported to have a home.

There are confirmed reports that Andrew Currie put his yacht on sale, but given both gentlemen‘s personal net worth I am inclined to believe the statement that this is a private, non-business related decision.

 

[Tenac]

There are confirmed reports that Andrew Currie put his yacht on sale, but given both gentlemen‘s personal net worth I am inclined to believe the statement that this is a private, non-business related decision.

Yeah I was looking into his Yacht but its too small for my needs

 

[AWo]

Ratcliffe has put his superyacht Hampshire II up for sale. Never a good sign! I think Ineos Automotive will be sold within a year. But who would buy it?

Not for sale. He doesn't sell his toys....only his sites...

AWo

 

[AWo]

Due to the massive increase of the gas price in Europe (nearly doubled) due to the war in Middle East it will be of interest what happens to the largest Ineos site: Cologne. About +2.000 employees and 20 single chemical plants, an electrical power plant, a wastewater treatment plant and a steam plant.

They are struggling for more than three years now, while they were the most profitable site in the years before. Co2 and electrical power has become a heavy burden and they fight cheap chinese imports. They already closed three plants at the Cologne site and told the staff that terminations are welcome.

They rely heavily on gas, as they have two gas powered crackers which feed all other plants on this site. They produce important feed stock for some other chemical giants.

The chemical industry is like a domino game in Europe...if one site falls, other will follow....

AWo

 

[CRH]

Due to the massive increase of the gas price in Europe (nearly doubled) due to the war in Middle East it will be of interest what happens to the largest Ineos site: Cologne. About +2.000 employees and 20 single chemical plants, an electrical power plant, a wastewater treatment plant and a steam plant.

They are struggling for more three years now, while they were the most profitable site in the years before. Co2 and electrical power has become a heavy burden and they fight cheap chinese imports. They already closed three plants at the Cologne site and told the staff that terminations are welcome.

They rely heavily on gas, as they have two gas powered crackers which feed all other plants on this site. They produce important feed stock for some other chemical giants.

The chemical industry is like a domino game in Europe...if one site falls, other will follow....

AWo

European countries have lost the plot, being lectured to by children and then pushing through policy on their 13 year old childs advice with no thought to consequences. To cause job losses at home then allow untrustworthy countries to take advantage with state subsidised products is an act of self sabotage

 

[Tazzieman]

The reality for many of us is that Ineos needs to sell a lot more Grenadiers so they have a good exit option based on strong sales and potential they may even find a way to become independently successful.

All other outcomes end up with us driving dead end lemons.

Why lemon?
Parts are common to other brands.
I'd rather an Ineos than any Stellantis product. 37 billion loss last year.

 

[OkGo]

Why lemon?
Parts are common to other brands.
I'd rather an Ineos than any Stellantis product. 37 billion loss last year.

Parts for the Grenadier are pretty uncommon and hard to come by, a good example is the effort that folks went through to get a replacement pollen filter identified, or the effort needed to find a single wrench.

A bad example would be how recaro seats are custom fit, battery is a specific size or even the front drive shaft issues.

 

[Earthwatcher]

I stand corrected, it is Andy Currie, co-founder of INEOS who is selling his yacht, which happens to be called Hampshire. I still think the need to service £11 bn of debt for the group could well lead to some retrenchment. Given that the Grenadier is one of Ratcliffe's pet projects, however, I'd guess he'd be reluctant to part with it.

 

[255/85]

Given that the Grenadier is one of Ratcliffe's pet projects, however, I'd guess he'd be reluctant to part with it.

Ratcliffe has also said that the car venture better make money. His tone has always implied "or else".

 

[Tazzieman]

Parts for the Grenadier are pretty uncommon and hard to come by, a good example is the effort that folks went through to get a replacement pollen filter identified, or the effort needed to find a single wrench.

A bad example would be how recaro seats are custom fit, battery is a specific size or even the front drive shaft issues.

sDoesn't make it a lemon. Just a little challenge. You could fit aftermarket seats if so desired. Or find a wrecked vehicle.
Pollen filter? We never needed those in our Land Rovers.
Yes the drive shaft is a potential issue for some, but the part that goes bad is replaceable by a Jeep part. And god knows there are a billion of those on the planet.
The only issue as I see it are electronics going bad. Same as any modern SUV or 4wd. With 2-3x as many e- bits as the Ineos.
Anyway, if your risk appetite is poor, go with some other offering.