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House Price Crash Forum


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Everything posted by Ash4781

  1. Are there many drops coming out of London? I’m hearing talk that it’s a total bloodbath in London - the numbers I heard were closer to 10% off to get viewers! (Though there were such strong rises in prior years guess i shouldn’t be shocked at 10% falls in a year)
  2. What is it described as by the operators if not an unlicensed lottery? edit: presume that’s the skill adjustment do a game of skill ?
  3. https://www.bbc.co.uk/news/business-46838687 Really light on the news on this crackdrown. Maybe it’s on the hmrc news feed and an update that they have collected £200mn
  4. “The draw was made by a random number selector computer at Sterling Lottery Management, which is approved and audited by both the Gambling Commission and PwC. It selected 100 tickets and local MP Christopher Chope drew the winner from that number.” Oh here we go.Roll eyes.
  5. Do they setup a special purpose vehicle for the raffle? Surely must do else the risks are massive! IMO the likelihood of selling all the tickets is was 0 and to get it closer to 1 costs too much in promotion costs etc. Wonder how they choose who they worked with?
  6. where I am chain comes in for 6months, fails and then a new chain restaurant comes in. It’s bizarre. The Mexican is now an American Diner. The Thai that opened 6mths ago has closed up soon to become some other restaurant.
  7. One is Intu Lakeside. Debenhams is at the other end so a little surprised that’s closing.
  8. Debenhams Plc share price is sub 8p with market cap sub £90mm. I’ve not followed the news or checked the shorts register.
  9. A lot of the reductions posted suggest to me buyers are struggling for viewings (beyond the seasonal normal). My gut feeling is demand has collapsed. This is an interesting thread!
  10. Sadly every time I travel I end up in a traffic jam. 10 minute journeys take 30 mins. 60 min journeys- well unless I have to I pass. Occasionally I’m pleasantly surprised. I can’t imagine what the traffic is like in London!
  11. The share price is quite close to all time lows around 8.15p. Lots of things going against Debenhams. M and S reported poor numbers, aswell as poor advertising outlook from ITV on advertising. It may be worth running some numbers on what happens if they can’t sustain their margins over the crucial Christmas period.
  12. Moodys downgrade to Caa1 at the end of last week. https://www.morningstar.co.uk/uk/news/AN_1541170197944182500/moodys-downgrades-debenhams-rating-amid-difficult-debt-refinancing-.aspx
  13. Anecdotal Kent - I’m hearing lots of tales of no viewers at x price, and sellers having to discount asking price by x price just to get viewers in. A few sales going through. Ok asking prices were up in the sky but buyers and sellers seem to be quite far apart. Tallies up with a lot of reporting even from the likes of Nationwide. I think we have to be looking at double digit % drops looming.
  14. 5 guys for me is the worst value place I have ever eaten. I have a receipt to hand (I actually meant to complain due to the crap service and dire food). It’s £4 + vat for chips , £5.25 for milkshake in there and all counter collection service. I thought Prezzo was dear! Saying all that it was quiet there until the school kids popped in. Smacks of fad to me tbh. On another fad I hear the desert restaurants are starting to struggle.
  15. An early glimpse of part a budget item “Homes on the High Street” ”The chancellor's £650m injection, to be introduced over the next four years and called the Future High Streets Fund, will allow towns and cities to "redevelop under-used retail space into homes and offices, providing help to restore High Street properties and put historic buildings back into use".” https://www.bbc.co.uk/news/business-45998550 Aside from the above changing use (I’m already seeing a lot of this already) Looking at the business rate measure in the article will shape the high street (cynically more of the same cash, labour businesses). I suppose they are entrepreneurial but I think it’ll just polarise so for some high streets will ultimately become no go areas.
  16. They estimated 10 store closures not long ago now it’s 50. There’s a lot to analyse there. Probably if I read it the strategy will be close stores and slash capital expenditure to maintain cash flow.
  17. The share price went under 9p a share today. quite a large change in share ownership judging by the investor filing. Still quiet on the turnaround strategy. Surely they need to be implementing into Christmas trading ? https://uk.reuters.com/article/brief-schroders-plc-cuts-stake-in-debenh/brief-schroders-plc-cuts-stake-in-debenhams-to-5163-percent-from-9765-percent-filing-idUKFWN1WQ06U
  18. “If a rise in the oil price were to coincide with a further fall in the value of the pound against the dollar, the effect on prices at the pumps would be severe, with drivers likely facing record-high prices of above 142p per litre for petrol and 148p per litre for diesel.” ouch
  19. From the BBC article. Aswell as the bar, etc. It reads like they have a lot more space than required! “This new store has around 25% fewer products in women's fashion, but they are better displayed”
  20. What’s the logic ? I can only think they sell a lot of volume/£ Debenhams gifts cards and wouldn’t want the bad press? (Surely there’s no liability for Whsmith)
  21. https://www.bbc.co.uk/news/business-45634363 ”Debenhams attempts to 'bring joy back' to High Street” Lots on a new store format (would probably need to visit the store to see whether it’s hot air) then in the article ”The company won't reveal the price tag of this new store, saying only that a capital contribution from its landlord, Intu, has paid for most of the cost. Debenhams will be the anchor tenant in the shopping group's new 400,000 sq foot development.” See Intu Plc share price
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