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Tobbes's Recent Activity

  1. Tobbes liked 35B's post in the thread Lynton and Barnstaple - Operations and Development.

    I share that hope. If I may, I suggest that hoping that new trustees share "the same ideas" is not what we need - it is that all of the trustees are committed to rigorous consideration of options in the interests of the Trust as a whole.

    Mar 28, 2024 at 1:38 PM
  2. Tobbes replied to the thread Lynton and Barnstaple - Operations and Development.

    You're right, @Snail368 , it's the best I can do with the available information. But if the Trustees wanted to be open and inclusive, they could answer the four questions I posed now. Here they are again: (i) how many B shares does the Trust...

    Mar 27, 2024 at 10:48 PM
  3. Tobbes liked 30717's post in the thread Lynton and Barnstaple - Operations and Development.

    Whilst being a Trustee I have refrained from commenting on social media, despite quite often wanting to post the correct account of the situation and what was really going on behind the scenes at the Trust. But now that Anne Belsey and I have...

    Mar 27, 2024 at 10:44 PM
  4. Tobbes replied to the thread Lynton and Barnstaple - Operations and Development.

    @Michael B is right, of course. The Trust has an exposure to LBBC/OSHI of at least £503,000 + interest, despite the nonsense that appears from Woody Bay from time to to time. @Snail368 (rightly) wanted some hard facts, so this is what I think we...

    Mar 27, 2024 at 6:36 AM
  5. Tobbes liked Michael B's post in the thread Lynton and Barnstaple - Operations and Development.

    With respect, not a bit of it. The Blackmoor Company took over an existing operating business. Nothing needed to change immediately except, it is reported, installing a manager. No consolidation - merely carrying on as before until the...

    Mar 26, 2024 at 4:11 PM
  6. Tobbes liked 35B's post in the thread Lynton and Barnstaple - Operations and Development.

    I'm going off hard facts, and trying to deduce how they may have arisen. If my supposition is incorrect, which would delight me, then I will be glad to have that corrected.

    Mar 25, 2024 at 7:56 PM
  7. Tobbes liked 35B's post in the thread Lynton and Barnstaple - Operations and Development.

    The L&BRT has both loaned money to OSHI as an unsecured lender and purchased "B" (i.e. ordinary investor) shares in it. LBBC has apparently reported that it reduced borrowing by £225k, as well as doing better than expected in the sale of Class B...

    Mar 25, 2024 at 6:44 PM
  8. Tobbes liked 35B's post in the thread Lynton and Barnstaple - Operations and Development.

    In theory, yes. In practice, much more tightly linked as the Trust is both an investor in and a lender to the pub. If the pub is not paying dividends, because it is having to hoard capital, that would raise concerns over the affordability of...

    Mar 25, 2024 at 3:47 PM
  9. Tobbes liked Michael B's post in the thread Lynton and Barnstaple - Operations and Development.

    I am expectant to know if the Blackmoor pub Company has declared a dividend on its £1m and odd shares, including £253,000 to the Trust. A modest 3% dividend would be reasonable and produce £7,500. I might also see if the rumour that the...

    Mar 25, 2024 at 3:46 PM
  10. Tobbes liked Meatman's post in the thread Lynton and Barnstaple - Operations and Development.

    There were at least 12 of us in a couple of groups, just turned up, no booking, all had food, around 15 minutes from ordering to being served, and they had a busy restaurant too so absolutely no complaints at all

    Mar 25, 2024 at 8:55 AM
  11. Tobbes liked Michael B's post in the thread Lynton and Barnstaple - Operations and Development.

    Having repeatedly seen Brom involved in every pie to do with this railway since the 80s, I can add my view that he is a stickler for things being done properly regardless of what else might be going on. I believe his only official role now is...

    Mar 24, 2024 at 8:48 PM
  12. Tobbes replied to the thread Lynton and Barnstaple - Operations and Development.

    Just got home. One thing I meant to write earlier but was driving was that one person to whom a special vote of thanks is due is Brom Bromidge. I'm reasonably sure that Mr Bromidge and I will disagree on virtually everything to do with the...

    Mar 24, 2024 at 8:07 PM
  13. Tobbes liked Michael B's post in the thread Lynton and Barnstaple - Operations and Development.

    Having listened to Mr Miles at the meeting dismissing or ignoring what every speaker from the floor said, I do not have faith that the goings on that have been reported will change in the future with any new Trustee with whom they disagree, or,...

    Mar 24, 2024 at 8:03 PM
  14. Tobbes liked ikcdab's post in the thread Lynton and Barnstaple - Operations and Development.

    You're right, any more just splits the vote. But the four need to be a coherent cohort who present themselves as a group with a consistent and coherent policy of change with a clear way forward.

    Mar 24, 2024 at 8:03 PM
  15. Tobbes liked Old Kent Biker's post in the thread Lynton and Barnstaple - Operations and Development.

    I seem to recall that it was one of "the six" established trustees who refused to work with one of the newly-elected trustees last year. which went a long way to creating this situation in the first place...

    Mar 24, 2024 at 8:02 PM