Financial Times: John Reece talks about 2011 performance
01 September 2011: ISSUE 1 2011 INCH Magazine.
Co-owner / Finance Director, Ineos Holdings Sa
Verified interview transcripts, podcast appearances, and direct quotes from John Reece, Co-owner / Finance Director at Ineos Holdings Sa. AI-verified speaker identity with full-text searchable transcripts.
“we managed to complete the deal with Petra China for the refining business which is hugely transformational for the group. you know group leverage last year end was 4.4 times it's now running about three and a half times we've paid them a billion dollars of Bank debt so that's a very very significant transaction we're...”
“we are a GDP related business. what we saw at the end of 2008 which I remember well was the order book just collapsed and that was because car companies stopped producing there was huge de-stocking in the chain and I think the the nadir was probably q1 2009. we're not seeing that now what we're seeing a Slowdown that's...”
“We're a private company, you know, choice of how you finance aๅ ฌๅธ is either in the equity markets or in the debt markets. To finance an LBO in the equity markets would mean we have to do an IPO, which would mean that we would lose control of the company, which would then be faced with the typical kind of IPO cycle of yo...”
“We saw quite a rapid pickup in January actually, you know we track the four-weekly moving average order book and for the first four weeks of January we were seeing a record volume intake which is very encouraging and it's carried on.”
01 September 2011: ISSUE 1 2011 INCH Magazine.
01 January 2012: ISSUE 2 2012 INCH Magazine.
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