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spygirl

Sanjeev Gupta + Liberty House

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He`s buying a lot of redundant plants for penny's in the pound but they are being run by and like cowboys ,i have had the pleasure of working in one and removing the contents of another 

Rumour has it he`s just bought whats left of the old thames steel plant in sheerness 

If you read hear 

 http://www.libertyhousegroup.com/company/management/sanjeev-gupta/

It` states he owns the UK largest arc furnaces capacity in the UK i`m pretty sure this is referring to liberty steel if so yea he owns it but it`s not ruining and its condemned

Also if you read here 

 https://www.reuters.com/article/us-britain-steel/scottish-investment-hopes-rise-as-mothballed-steel-plant-reopens-idUSKCN11Y278

Quote

Dalzell is also looking to make plates for the manufacture of wind turbines

Well the guy bought Maybe Bridges renewable s operations kit for not much more than scrap prices  https://www.walesonline.co.uk/business/business-news/mabey-bridge-chepstow-site-close-9609057   ( it was state of the art kit when new and that was not to long ago )

On the whole he seems to be buying a lot but i see very little production in my part of the world other than liberty steel which are rolling imported slab 

My guess he`s looking at source to table businesses , my money is on most of the production from LS is going to his own automotive parts manufacturing interests 

Edited by Long time lurking

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Sanjeev Gupta: is the steel magnate spinning too many plates?

Basically, someone who appears to have been a smal ltime commodity trader.

An insane propostion with your onw, limited capital.

Suddenly buys up loads - and I mean loads -of, to be generous, underperfoming commity-ish businesses.

Where's he getting hte money from???

https://www.ft.com/content/935de4f2-c89d-11e8-ba8f-ee390057b8c9

Swiss fund manager suspended and returns money to investors after find out it had bought loads of Guptas onds.

“He thinks laterally, and sometimes that’s exploring the art of the possible.”

He's a trader. He need to think about profitable and liquidity.

 

 

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4 hours ago, UnconventionalWisdom said:

I've worked with guys in the steel industry and they say his products are crap. Whats worst is they import slab from their production plant in the other side of the world. 

Most of what he produces at this point in time goes to his own plants producing parts for the motor industry,subframes and suspension parts and as you say quality it`s not 

But on the other hand some car manufacturers don`t mind in fact they want it that way 

 

15 hours ago, spygirl said:

Sanjeev Gupta: is the steel magnate spinning too many plates?

Basically, someone who appears to have been a smal ltime commodity trader.

An insane propostion with your onw, limited capital.

Suddenly buys up loads - and I mean loads -of, to be generous, underperfoming commity-ish businesses.

Where's he getting hte money from???

https://www.ft.com/content/935de4f2-c89d-11e8-ba8f-ee390057b8c9

Swiss fund manager suspended and returns money to investors after find out it had bought loads of Guptas onds.

“He thinks laterally, and sometimes that’s exploring the art of the possible.”

He's a trader. He need to think about profitable and liquidity.

 

 

I would say that`s a very good question

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53 minutes ago, Long time lurking said:

 The link is behind a paywall but i`m pretty sure i know why that has happened if it`s what i`m thinking ...dose it concern the Newport plant ?

Nope.

Hes not got much money.

Mouth no trousers.

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