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Ash4781

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Everything posted by Ash4781

  1. How do you think this would work with lenders? Senior staff strategy meetings on Monday ? I know all this isn’t that unexpected as it’s a consistent direction of travel.
  2. https://www.bbc.co.uk/news/uk-44671094 ”A minimum tenancy term of three years would be introduced under government proposals to give people renting homes in England more security. snip A consultation on the minimum tenancy term will run until the end of the August.” I had a look on the consultation page but couldn’t see it yet. It appears to be quite a short timescale (and over the summer ‘hols’) so clearly they [gov] want to get moving re the legislative timetable. We’ll see what’s in the consultation!
  3. the equity financing raise plan has not been announced yet. there will be all sorts of actors behind the scenes. Can’t remember how much estimated they needed based on the boards prediction of how much net debt they wanted. Their assets will be heavily in intangibles- partly the brands.
  4. Based on the analysis at the link below the partner bonus % is shrinking year on year. Now the partnership business are forecasting a zero profit due to higher investment costs. Harder to unpick but going foward but the expectation is falling bonus levels diverting towards other areas of the business (loosely IT, and staff). The bonus decisions come later but it’s clearly laying the ground out there for the trend line. I only really use the John Lewis online business. As for Waitrose it’s reduced items for me there! They seem to have a loyal following who have deep pockets! http://www.cityam.com/281902/john-lewis-partner-bonus-2018-heres-much-john-lewis http://www.johnlewispartnership.co.uk/media/press/y2018/press-release-27-june-2018-partnership-direction.html
  5. Debenhams share price falling. I am surprised at the the Costa number. From memory Whitbread we’re in a timetable to spin it off. Maybe they’ll need to bring that forward? Costa’s reasons are useful to tieback into Debenhams. Also there might be addition detail on shopping trends in the John Lewis numbers out today.
  6. Any breakdown out of the so called re-mortgage surge? Timing wise being May 2018 suggests BTL lot in part but need the facts.
  7. Wonder what their combined asking price - in the billions£. What the index publishers will do and I think have done is publish regional house price indexes.
  8. There’s not much in the article. It’s a Halifax source. Their usual marketing rubbish - they’ve got loads of subjects one being seaside town reviews.
  9. Scary stuff. Fill your boots. I wonder how they will handle the BTL finance implosion? https://landlords.org.uk/news-campaigns/news/lenders-and-brokers-too-quiet-over-buy-let-changes “Mortgage lenders and brokers have been too quiet over the Prudential Regulatory Authority’s (PRA) changes to buy to let lending, according to the National Landlords Association (NLA). The NLA says that despite the significant regulatory changes to lending criteria and the application process for portfolio landlords, introduced by the PRA over the last 18 months, more than half (55 per cent) were still unaware.” Snip... “If landlords don’t get the right support and information about how the changes will impact their existing loans, then it could mean higher finance costs that many just won’t be able to absorb”.
  10. It really went didn’t it! I’ve not been on this thread for a while but see they went sub 60p a share.
  11. https://www.berkeleygroup.co.uk/media/pdf/m/6/berkeley-group-FY18-Results-Announcement-June-2018.pdf i’ve not trawled through it yet. It might be BTL sales in London that’s the problem?
  12. To prop up the cash flow they’ll cut back on capital expenditure. They have significant headroom in the financing facilities. They’ll limp on and my theory is it the support is connected with commercial property interests at the lenders. It’s totally untested though !
  13. Another profit warning for Debenhams Plc. I am surprised how much of an update it is. “It said annual pre-tax profits would come in between £35m and £40m, below previous estimates of £50.3m.” “ https://www.bbc.co.uk/news/business-44531177
  14. The relentless downward march of Debenhams Plc share price continues. From memory they have or atleast had room in their financing to keep going for the short to medium term. Whether there is enough funding for website development, store disposals, etc not sure.
  15. New look Plc numbers yesterday were a total car crash. Store and online sales crashing. They had to firesale seasonal stock out. New strategy looks to be chase out the ‘lower price’ end of the market. I’ve not looked at the margin guidance http://www.newlookgroup.com/system/files/uploads/financialdocs/fy18-press-release-final.pdf
  16. They can’t be far behind if the issues identified in the BBC article are accurate. I thought they were also restating the Steinhhoff accounts going back years?
  17. Interesting. I have been reading up on TensorFlow (machine learning). It’s beyond my skills at the moment but I really need to start playing with it. As another poster mentions that land registry dataset is big really big for Excel. I think using the WebAPi is a better bet. That’s my plan anyway!
  18. The last time I was on Oxford street I went in the shops to escape the air pollution on the street (seemed to be endless stream of buses) oh and use the free loos.
  19. Re Poundworld Have to wonder what the business assets will be? a brand name, and I imagine all the stores and logistics are leased. ‘Stock’ will be mountains of carp.
  20. House of Fraser proposed store closure list in the plan “ The House of Fraser stores identified for closure: Altrincham, Aylesbury, Birkenhead, Birmingham, Bournemouth, Camberley, Cardiff, Carlisle, Chichester, Cirencester, Cwmbran, Darlington, Doncaster, Edinburgh Frasers, Epsom, Grimsby, High Wycombe, Hull, Leamington Spa, Lincoln, London Oxford Street, London King William Street, Middlesbrough, Milton Keynes, Plymouth, Shrewsbury, Skipton, Swindon, Telford, Wolverhampton, Worcester.” https://www.bbc.co.uk/news/business-44394948
  21. https://www.bbc.co.uk/news/uk-politics-44372761 ”Britain could be "paralysed" for years because Westminster parties have not "woken up" to the causes of Brexit, ex-prime minister Gordon Brown says. He said the country risked getting "trapped" in Brexit "small print". The former Labour PM told the BBC politicians also needed to focus on low wages, migration and the NHS.” The interviewer even threw in some questions about RBS, and financial markets. Gordon good for a laugh.
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