What's going to collapse next...

[Ash4781b]

Intu Plc showing a market cap of £500mn. I guess it’s as retailer after retailer pushes for lower rents joining the competitive party. In it to win it.  Maybe I’ll look who the lenders are who will presumably take control of the company. 

[One percent]

Not quite going to collapse, well not yet but M&S about to crash out of ftse 

https://www.bbc.co.uk/news/business-49563757

[sancho panza]

On 29/08/2019 at 21:56, Ash4781b said:

Intu Plc showing a market cap of £500mn. I guess it’s as retailer after retailer pushes for lower rents joining the competitive party. In it to win it.  Maybe I’ll look who the lenders are who will presumably take control of the company. 

Can't see how they'll come back without going through a CVA themselves ...................obviously when they do it it's ok.

[spygirl]

https://www.ft.com/content/374189d6-cfb7-11e9-99a4-b5ded7a7fe3f

CYBG - Yorkshire n Clydesdale bank

The company, the UK’s sixth-largest lender, said after markets closed on Wednesday evening that it expected a late surge in complaints and customer inquiries about PPI to cost it between £300m and £450m — more than a fifth of its previous market capitalisation.

Theres more to this than a late surge of PPI.

I think someone, somewhere has been putting the claims into a cupboard.

And kitchen sinking.

 

21 hours ago, sancho panza said:

Can't see how they'll come back without going through a CVA themselves ...................obviously when they do it it's ok.

Id guess INTU have bond holders, which is totally different thang.

Intu needs to go bust.

 

[spygirl]

Interesting that its JP Morgan trying to float the junk.

Same lot s Sirius.

Basically, theres a lot of IBs kicking their heels. Gupta would have been told to fuck off a few years ago.

And theres a lot of junk companies.

 

[spygirl]

On 12/05/2019 at 12:28, spygirl said:

Run?????

Stampede!

https://www.bbc.co.uk/news/business-48243155

Looks like is capital base is similar to the CEOs haircut - a little bit of hair combed over a lot of head.

 

MB.

Out of FTSE 250 ...

https://www.cityam.com/woodford-trust-and-metro-bank-kicked-from-ftse-250-list/

share price has almost halved since my  post.

 

[sancho panza]

On 05/09/2019 at 15:48, spygirl said:

MB.

Out of FTSE 250 ...

https://www.cityam.com/woodford-trust-and-metro-bank-kicked-from-ftse-250-list/

share price has almost halved since my  post.

 

93% off peak.not long now.

 

what they need is more youth clubs.like knife crime.then banks would be safe

[Ash4781b]

John Lewis in with a half year loss.  I’ll look at the detail later - gut would be sales value and margins falling together. 

Edited September 12, 2019 by Ash4781b

[TheCountOfNowhere]

I'll go for the EU financial system.  Can't ignore the official denial. If that's meant to instill confidence it'll have the opposite effect. 

[spygirl]

1 hour ago, Ash4781b said:

John Lewis in with a half year loss.  I’ll look at the detail later - gut would be sales value and margins falling together. 

Brexit. Of course,

Nothing to do with idiot ex squaddy ceo expanding whilst middle class dies on its arse.

Brexit wot did it

[dgul]

It appears that Albemarle & Bond (pawnbrokers) has closed up.  Again.  It isn't clear if it has actually gone into administration, but surely it has to be close...

[sancho panza]

https://wolfstreet.com/2019/09/13/who-will-rescue-thomas-cook-collapsing-vacation-travel-airline-giant-21000-employees/

Following yet another bleak week of trading, the shares of 178-year-old British global travel & vacation-giant and airline Thomas Cook, with 21,000 employees globally — 9,000 of them in the UK — are down to 5 pence, down 96% from 130 pence in May last year. At that time, Thomas Cook Group was worth £2.5 billion. Today, its worth a paltry £75 million.

The company now has just one lifeline left: a proposed £900 million rescue deal that would see its biggest shareholder, Chinese conglomerate and investment giant, Fosun, inject £450 million in return for a 75% stake in the group tour operator and a 25% stake in the group airline. Banks and bondholders would match that amount with a debt for equity swap in return for control of 75% of the equity of the Group Airline and up to 25% of new equity in the group tour operator.

Current shareholders would be virtually wiped out by the restructuring despite the company’s reassurances that they would “continue to retain an investment in the Company.”

[Bedrag Justesen]

On 12/09/2019 at 18:18, Ash4781b said:

John Lewis in with a half year loss.  I’ll look at the detail later - gut would be sales value and margins falling together. 

Won't surprise me if J L exit electricals.

M&S cut them first before other consolidation.

JL At Home seems to be staffed by 50 something Mums. The most obvious demographic of not being interested in electricals is - 50 something Mums. Not even white goods, but certainly not televisions.

For years their strategy seems  to have been somewhat parasitic. Rely on customers researching online or on the High Street, then bag the sale by matching the price, and offering a 5 year guarantee.

Over time, the High Street specialists have mostly closed, leaving most 'Never knowingly undersold' price matches requested against wafer margin online offers. The other problem is other electrical retailers now have exclusive models, and themselves include a 5 year guarantee.

Our recent visit to JLAH to buy a television, we asked one of their 'Mums' whether a Panasonic model could connect to My5, since 5 On Demand stopped. She had no clue, and couldn't connect it to check. She told us to go to Richer Sounds as they are 'very helpful', then come back, for a JL 5YG.

We went to Richer Sounds, the TV was cheaper, and came with a 6 year guarantee. We bought it there.

My guess is the first proof JL are in serious difficulty will be abandoning their electricals, closing JL At Home.

 

[One percent]

9 minutes ago, Bedrag Justesen said:

Won't surprise me if J L exit electricals.

M&S cut them first before other consolidation.

JL At Home seems to be staffed by 50 something Mums. The most obvious demographic of not being interested in electricals is - 50 something Mums. Not even white goods, but certainly not televisions.

For years their strategy seems  to have been somewhat parasitic. Rely on customers researching online or on the High Street, then bag the sale by matching the price, and offering a 5 year guarantee.

Over time, the High Street specialists have mostly closed, leaving most 'Never knowingly undersold' price matches requested against wafer margin online offers. The other problem is other electrical retailers now have exclusive models, and themselves include a 5 year guarantee.

Our recent visit to JLAH to buy a television, we asked one of their 'Mums' whether a Panasonic model could connect to My5, since 5 On Demand stopped. She had no clue, and couldn't connect it to check. She told us to go to Richer Sounds as they are 'very helpful', then come back, for a JL 5YG.

We went to Richer Sounds, the TV was cheaper, and came with a 6 year guarantee. We bought it there.

My guess is the first proof JL are in serious difficulty will be abandoning their electricals, closing JL At Home.

 

I like JL but have been spoilt by using their oxford street and bluewater stores. I’ve been in the York and Leeds ones and they just don’t have the range. The “partners “ in the York one also appear to lack basic knowledge. 

[Ash4781b]

1 hour ago, Bedrag Justesen said:

Won't surprise me if J L exit electricals.

M&S cut them first before other consolidation.

JL At Home seems to be staffed by 50 something Mums. The most obvious demographic of not being interested in electricals is - 50 something Mums. Not even white goods, but certainly not televisions.

For years their strategy seems  to have been somewhat parasitic. Rely on customers researching online or on the High Street, then bag the sale by matching the price, and offering a 5 year guarantee.

Over time, the High Street specialists have mostly closed, leaving most 'Never knowingly undersold' price matches requested against wafer margin online offers. The other problem is other electrical retailers now have exclusive models, and themselves include a 5 year guarantee.

Our recent visit to JLAH to buy a television, we asked one of their 'Mums' whether a Panasonic model could connect to My5, since 5 On Demand stopped. She had no clue, and couldn't connect it to check. She told us to go to Richer Sounds as they are 'very helpful', then come back, for a JL 5YG.

We went to Richer Sounds, the TV was cheaper, and came with a 6 year guarantee. We bought it there.

My guess is the first proof JL are in serious difficulty will be abandoning their electricals, closing JL At Home.

 

Yeah the John Lewis business seems to have problems. Operating profit before exceptionals looks poor in the JL business but I’ve not delved further. 

[Democorruptcy]

There's an irony to retailers needing cheaper rents. If residential rents were cheaper people would have more disposable income to spend in their shops.

Thrown in high house prices meaning joint incomes are now used to buy one and even at low rates it leaves buyers with less disposable cash and less time to be down the shops.

Then savers being robbed of billions of interest income very year that they cannot spend down the shops.

It's a pity the Bank of England are going to be next to collapse, they are causing most of the other collapses

[One percent]

Just now, Democorruptcy said:

There's an irony to retailers needing cheaper rents. If residential rents were cheaper people would have more disposable income to spend in their shops.

Thrown in high house prices meaning joint incomes are now used to buy one and even at low rates it leaves buyers with less disposable cash and less time to be down the shops.

Then savers being robbed of billions of interest income very year that they cannot spend down the shops.

It's a pity the Bank of England are going to be next to collapse, they are causing most of the other collapses

Henry Ford realised that he needed to pay his workforce sufficient so that they were able to purchase his products.  This knowledge appears to be missing in today's captains of industry. 

[Democorruptcy]

16 minutes ago, One percent said:

Henry Ford realised that he needed to pay his workforce sufficient so that they were able to purchase his products.  This knowledge appears to be missing in today's captains of industry. 

He's also attributed with this quote:

“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”

https://www.goodreads.com/quotes/34770-it-is-well-enough-that-people-of-the-nation-do

[Noallegiance]

39 minutes ago, One percent said:

Henry Ford realised that he needed to pay his workforce sufficient so that they were able to purchase his products.  This knowledge appears to be missing in today's captains of industry. 

No need when we have unchecked borrowing forever. It's a winning system.

[spygirl]

7 hours ago, One percent said:

I like JL but have been spoilt by using their oxford street and bluewater stores. I’ve been in the York and Leeds ones and they just don’t have the range. The “partners “ in the York one also appear to lack basic knowledge. 

Well ... despite what people might think, the greater population of York are pretty dim. Seriously.

York had too many large, paternalistic employees for too long. Theres an inbred drone mindset in the place.

 

[spygirl]

Eddy Stobart.

Now that Cleetus has gone, and took his nephew CFO, there's a proper accountant having a look a the books.

 

[Bear Hug]

Sirius is trading at 3.7p

[One percent]

2 minutes ago, Bear Hug said:

Sirius is trading at 3.7p

The government have recently refused to give them a massive wodge of money. 

[stoobs]

On 14/09/2019 at 21:33, spygirl said:

Well ... despite what people might think, the greater population of York are pretty dim. Seriously.

York had too many large, paternalistic employees for too long. Theres an inbred drone mindset in the place.

 

In summary, the workers of York were on the whole, fat and overbearing, but now they've been on a diet and chilled out a fair bit.

Edited September 17, 2019 by stoobs
Dunce

[spygirl]

1 hour ago, Bear Hug said:

Sirius is trading at 3.7p

Buy! Buy! Buy!

 

1 hour ago, One percent said:

The government have recently refused to give them a massive wodge of money. 

I PM you yesterday, when the SP was ~10p.