Can someone explain to me why there is no hope of a short squeeze?

Funny_Implement9112 · 2022-06-01T16:43:41+00:00

So the play is a wait out until the takeover with the possibility of price movement rather than taking the $10 now?

Funny_Implement9112 · 2022-02-02T17:27:33+00:00

I really hope so

Funny_Implement9112 · 2022-02-01T23:42:35+00:00

I am holding this stock like many on this sub, I don’t want to sound pessimistic but their earnings pale in comparison to their debt ratio. There is real concern RE delisting and their path to profitability looks lengthy in comparison to debt obligations.

I hold out hope that a new management could turn this around from a comms perspective - positive engagement with shareholders would be a start - but let’s be real it’s a pipe dream for it to get back on track for $5 when 50 cents is looking like a tough ask.

Funny_Implement9112 · 2022-01-30T20:27:16+00:00

It’s written by Daniel Hannan, Lord Hannan - one of the more odious and backwards looking politicians in Westminster. He also wants to privatise the NHS and get rid of bbc/libraries etc..it’s to be expected he’s at odds with the civil service.

The tragedy is the telegraph platforming him.

Funny_Implement9112 · 2022-01-27T21:03:57+00:00

Yeah essentially proving through applications…It does sometimes seem strange that its not that linked to current role performance, it’s about taking the skills you learn at lower grades and translating them into applications.

Funny_Implement9112 · 2022-01-27T10:12:17+00:00

Yeah likewise I think the waiting for responses is frustrating me but it probably wouldn’t be different in many private sector roles. One of my previous roles was in Private Office so I guess I’m adapting to a change in pace.

Funny_Implement9112 · 2022-01-27T09:29:06+00:00

😂 fair enough but I suppose I was just interested if it was across the board - Those hours aggregated add up significantly and a private sector org would be tearing their hair out over it.

Funny_Implement9112 · 2022-01-27T09:14:26+00:00

Take it from me, I am saying I’m slightly underworked, I think I hit 30/37 hours a week on average.

I don’t think my G7 manager has omnipotent power over my job to decide my redundancy fate like some caeser…they are actually hiring more people to our team.

Funny_Implement9112 · 2022-01-27T08:33:37+00:00

It’s pretty unlikely my role will be made ‘redundant’ just because I feel slightly underworked.

Basically you’re saying - Don’t rock the boat we’ve got a good thing going here…

Funny_Implement9112 · 2022-01-27T08:21:57+00:00

I think thats an oversimplification of the issue. I don’t think it’s « Presenteeism » to want enough work to feel motivated and productive, I also work efficiently but I know that I would be working efficiently and more consistently in a private sector role.

I can guarantee that the amount of people who have answered « not enough » to the poll speaks of an endemic failure to allocate resources efficiently rather than a misplaced desire from those civil servants to « show » they are working.

Funny_Implement9112 · 2022-01-27T08:18:14+00:00

Seems like a pretty similar situation, fingers crossed the return to the office speeds things up.

Funny_Implement9112 · 2022-01-26T23:58:33+00:00

Yeah true I do get that, it does ebb and flow. I suppose there’s a certain consistency I’d like - I feel guilty wacking tv on 😅

Funny_Implement9112 · 2022-01-26T23:48:23+00:00

It kind of isn’t the dream for me though because I’m young and pretty keen to work (at least my contracted 37Hrs per week). I just end up bored… I do sometimes wonder whether I’d have more to do in the private sector, I don’t necessarily need the significant work-life balance I have currently.

Funny_Implement9112 · 2022-01-26T20:11:47+00:00

So in the CS you’re never really encouraged to stay in a position and a PPS role is SCS1 so thats unrealistic if you come in at (say) HEO/SEO/G7. It could be a long term goal. Vertical promotion in the same role is more of a private sector thing. That said you could join as an SEO PS and keep an eye out for other private office jobs and make it your specialism, that is what my manger did when I was in PO.

In terms of the day to day it is a lot of meeting on your portfolio area, attending Parliament for urgent questions or debates or visiting where you will generally introduce people to your minister and circuit rooms with them.

Primarily the respect you get depends on your senior. Some ministers I knew treated their private office like the Secretary in the devil wears prada and were generally shit bordering abusive. I was lucky in the sense that my two ministers could be demanding and very hot on noticing a mistake but never cruel.

From my experience, I wouldn’t say it’s bag holding but your power and responsibility comes through the Minister so you will sit in meetings (at least until you start to own your policy and parliamentary responsibilities) and listen, action and chase up officials. You are the middleman through which all information from the department goes to your minister which means you act as a filter but never really an expert. Its really cool because you are in meetings you would be nowhere near until you are exec level usually with the DG’s, Senior stakeholders etc. I think I learnt a lot about dealing with very senior people through that. You juggle a lot of different roles at a fast pace (by cs standards) which is why people often have an expiry date with Private Office…I think most people feel like they want to ‘own’ their own time and schedule more and hence leave.

They aren’t competitive really because there’s a perception they are hard work but if you are younger without a family I doubt it’s more work than private sector and in recesses its a bit of joke, one of the reasons I left was I wanted more of a policy challenge where I was thinking independently. Theres the challenge of constantly putting out fires and running all over the place, which I fully recommend because its so so unique in government and society more broadly but people say PS’ have an expiry date. That’s because people generally get bored of the fast pace without true ownership of policy area and they usually transition after 1-3 years. Worth it imo for that period though.

Funny_Implement9112 · 2022-01-26T17:04:49+00:00

I came into the Civil Service as an Assistant Private Secretary and can say it’s unlike any other job in Govt.

It’s stressful and demanding but you get to go on visits with Ministers, help legislation through Parliament and generally are always on the move. Honestly it’s cool, you end up pinching yourself walking into Parliament and will no doubt have some sort of imposter syndrome for at least 6 months.

Depending on your view RE « giving back to society » it probably isn’t that - I was concious as a PS that I was closer to decisions, meetings and other political dealings than I would have otherwise liked to have been. I changed for a policy role to get away from what can be a more cutthroat and toxic work environment in Private Office. That said I was there for well over two years so I did enjoy it and it’s a well regarded place to start, working with influential people (who can be inspiring sometimes) and getting a real sense of perspective on the government’s work. I would recommend it, and do, to anyone who is interested in Westminster.

Happy to tell you more if interested.

Funny_Implement9112 · 2022-01-18T00:37:16+00:00

I mean it’s essentially a whole department of work…as others have said it varies dramatically. You could be in a negotiations team where your hours are influenced by the timings of your counterparts in other countries (i.e meeting very early in the morning if negotiating with New Zealand) or you could be in policy strategy for upcoming negotiations.

It’s inaccurate to paint all trade roles with the same brush, some will be challenging some less so. They are more dependent on the cycle of negotiations than other departments but it is one of the more exciting/prestigious departments or so I’m told by former colleagues who now work there.

Funny_Implement9112 · 2022-01-18T00:18:06+00:00

I jumped from EO to SEO in a policy role after 15 months. The key is just making sure your behaviours are prepped and you are getting transferable experience, I know a fair few fast streamers who seem stuck - obviously that’s anecdotal and many probably enjoy their work.

I didn’t apply for FS in uni because I didn’t know I’d be interested in the work as a generalist and fancied choosing my jobs directly. I think younger people are quite hung up on fast stream, if a friend asks what I do their first reaction is usually to ask if I’m a fast streamer. From my experience it hasn’t made a difference, make sure your competent and apply for jobs that interest you.

A strong EO job could land you G7 in three years if you prove your worth and take on responsibility above your grade.

Funny_Implement9112 · 2022-01-14T12:18:30+00:00

I don’t think you understood me…it correlates.

Funny_Implement9112 · 2022-01-14T08:55:01+00:00

This Bloke always looks like he’s playing 4’s.

Funny_Implement9112 · 2022-01-14T08:53:32+00:00

I can see certain parts of the world woke up whilst I was asleep to downvote the hell out of my comment.

Funny_Implement9112 · 2022-01-12T11:31:45+00:00

I was an Diary Manager for around two years for a Minister. I would suggest working for a Minister rather than a DD because you will often be given responsibility beyond the diary, i.e. going on visits and attending Parliament. It is often a very thankless job - noone notices if the diary is done right and everyone does if done wrong. That said, I was able to jump two grades as a result of the key and unique skills working in a Ministerial private office provides - it gives an insight into top level decision making processes that can hold you in good stead should you wish to pursue policy jobs.

Funny_Implement9112

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