Donald McFlurry

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About Donald McFlurry

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  1. Presumably, the desired outcome for Central banks and governments is an environment of high employment where wages are able to keep pace with inflationary pressures.
  2. Good spot on the CPI stuff. I think lot of capex in the last 20 years at telcos has been in dealing with two step changes in technology; the move to optical fibre, and the change in technology from circuit to packet switching.. Telefonica have been shutting down copper exchanges across Spain for the past few years and are ahead of BT that area, at least domestically. 5G networks are completely packet optical, so a lot of old equipment can be thrown away over the medium term as 2G and 3G networks are turned off. Another aspect of this has been the painful legacy of restructuring a business that has undergone huge changes in terms of staff and organisation. However, those big adjustments are all laying the groundwork for far lower expenditure in the future. Upgrades to capacity can be achieved on packet/optic infrastructure by swapping or adding equipment, rather than digging up the ground again. Operational costs are also reduced, with lower power footprint of exchange equipment, fewer active street cabs and increased reliability and quality of optical fibre. Once those debt piles become manageable, they should generate very solid returns. Even more so in an inflationary environment.
  3. You can see here how many users are hodling the stock (but not the value). It's quite well correlated with the recent uptrend. Edit: ignore this, just saw the same posted further up the thread.
  4. I think this is the logical reaction to an uptick in buyer inquiries. If you have lots of interest then see what the punters will bear? There are a lot of people that have had to contemplate their living situation in the last few months and now with the market only coming back it's natural that there will be some people looking into options to move. This will probably fizzle out by the end of summer as the economic reality begins to bite, inquiries will probably fade away and the vendors that went along with the agent's advice to "see what interest we get" may find it was not a good strategy after all.
  5. I see Fenwick's are doing 50% off all clothing online: Not the cheapest normally, but they have probably realised they're sitting on a load of clothing that's about to go out of season before they get their shops open again. Better to be ahead of the curve in getting shot of it I reckon.
  6. Costa del Sol. Bit windy and grey here but that's not going to stop me.
  7. Just done a peri peri chicken on the barbecue.
  8. Italian old codgers are normally the ones looking after the grandchildren whilst parents are out working.
  9. Yeah in hindsight that was probably the case. And she definitely was a sociopath, our so-called 'HR business partner'. Out of the whole department she was the one that always did the redundancies. Must have volunteered to do them. That's another lesson really. Never, ever involve HR.
  10. It took me 15 years of working to realise the more you do for the company to keep things going the more they believe everything is fine, and your extra efforts are expected. There is a fine line to tread between doing just enough and avoiding performance management. One of the key lessons I learned is that now and again you just need to make the company feel pain. For example, if you are putting in extra hours to keep things functioning it's counterproductive. You have to let things fail so that something gets done about them. Just be sure you have the answers to cover yourself when upper management come asking. A few years back I found myself the only network engineer in a FTSE-250 listed online busness. My job was looking after all the production networks and internet connections that allowed customers onto the websites. After a couple of people resigned one spring and the company dragged its heels on recruitment, I couldn't take a summer holiday and I was permanently on call 24/7 until autumn when the headcount was finally replaced. Yes, this was a result of bad management, poor planning on the company's part etc. However, this was also down to me accepting the situation. I should have called in sick or got signed off for stress, which genuinely my doc would have done for me in a heartbeat. Had I done that, and something went wrong, the money would have instantly stopped flowing in to the company. Something would have been done about it instantly. I tried going to HR, talking to my boss but nobody understood what I was saying, and kept plodding on at the same time, the missus going crazy because we couldn't have a holiday or even go away for the weekend. Pleased to say I now work for a company where I have a lot more freedom to make decisions and I know where to draw the line. It was a tough lesson for me.
  11. First case now in Madrid, in hospital Carlos III:
  12. Nuts are another useful high calorie food. My order of run down would be fresh food, then fridge/freezer (power cuts may be more likely the longer lockdown goes on). Then cans, and dry food such as rice and beans.
  13. A Yamaha DGX-660, with the optional pedal board will get anyone to Grade 8.
  14. This is public house 2.0 Strap in, we can IPO this for billions.