winkie Posted June 28, 2018 Report Share Posted June 28, 2018 1 minute ago, Fishfinger said: Yup I have enough kitchen towels, bog rolls, toothpaste, soap, dental floss, razor blades etc to keep the Army going for the remainder of the year. Dental floss!.......use grass.? Quote Link to post Share on other sites
Fishfinger Posted June 28, 2018 Report Share Posted June 28, 2018 3 hours ago, winkie said: Dental floss!.......use grass.? Proper PTFE tape floss can also be used for minor leaks around taps and joints? Quote Link to post Share on other sites
Andy T Posted July 4, 2018 Report Share Posted July 4, 2018 On 28/06/2018 at 21:36, Fishfinger said: Proper PTFE tape floss can also be used for minor leaks around taps and joints? PTFE = Pipe Tape For Ecowarriors? Quote Link to post Share on other sites
simvastatin Posted July 4, 2018 Report Share Posted July 4, 2018 On 28/06/2018 at 18:24, winkie said: Dental floss!.......use grass.? Lol Quote Link to post Share on other sites
spyguy Posted July 18, 2018 Report Share Posted July 18, 2018 Gaucho Grill on their way out. WHo'd have thought that an Argentine themed eatery would go the same way as Argentina? Quote Link to post Share on other sites
Maximus Skepticus Posted July 18, 2018 Report Share Posted July 18, 2018 Who would've thought £5/ pint is not enough.... http://www.cityam.com/289323/greene-king-share-price-takes-hit-after-damning-warning must be the craft beer revolution ........£5/ can..... silly billies Quote Link to post Share on other sites
monkeyman1974 Posted July 18, 2018 Report Share Posted July 18, 2018 21 minutes ago, spyguy said: Gaucho Grill on their way out. WHo'd have thought that an Argentine themed eatery would go the same way as Argentina? Had a rarity value when it opened, but became tatty. Middling food (compared to Hawksmoor or Goodman) for high prices. No surprise whatsoever. Quote Link to post Share on other sites
Will! Posted July 30, 2018 Report Share Posted July 30, 2018 On 09/01/2018 at 14:28, NuBrit said: We have a winner! Byron Burger seeks a CVA. https://news.sky.com/story/troubled-burger-chain-byron-pins-survival-hopes-on-cva-plan-11201211 Looks like the numbers in Byron's CVA may have been undercooked. Telegraph: Burger chain Byron admits it may need another lifeline Quote Link to post Share on other sites
zugzwang Posted July 30, 2018 Report Share Posted July 30, 2018 41 minutes ago, Will! said: Looks like the numbers in Byron's CVA may have been undercooked. Telegraph: Burger chain Byron admits it may need another lifeline That picture of Nobsore eating with his fingers while 'working'. Death by association. Quote Link to post Share on other sites
Shrink Proof Posted August 10, 2018 Report Share Posted August 10, 2018 House of Fraser becomes the next domino. Quote Link to post Share on other sites
Ash4781 Posted August 10, 2018 Report Share Posted August 10, 2018 (edited) 27 minutes ago, Shrink Proof said: House of Fraser becomes the next domino. There it goes. I expect Mike Ashley will be picking up bits of the business? edit- interesting that there was what I make an opening move in the Intu Plc, Sports Direct, and Debenhams share price at open (not looked at the volumes). Edited August 10, 2018 by Ash4781 Quote Link to post Share on other sites
mathschoc Posted August 10, 2018 Report Share Posted August 10, 2018 (edited) House of Fraser calls in administrators https://www.bbc.co.uk/news/business-45140874 How much longer is this “growth” charade going to continue! Edited August 10, 2018 by mathschoc Quote Link to post Share on other sites
spyguy Posted August 10, 2018 Report Share Posted August 10, 2018 Card Factory seems to be going down the sh1tter. Weak pound, forcing up import prices. No longer loads of cheap lease deals, full price comes due. Quote Link to post Share on other sites
Ash4781 Posted August 10, 2018 Report Share Posted August 10, 2018 1 hour ago, spyguy said: Card Factory seems to be going down the sh1tter. Weak pound, forcing up import prices. No longer loads of cheap lease deals, full price comes due. Yeah I was looking at their accounts yesterday. I didn’t like the look of their cashflow statement. Their balance sheet wasn’t great either. I couldn’t understand why they were expanding ? Quote Link to post Share on other sites
spyguy Posted August 10, 2018 Report Share Posted August 10, 2018 10 minutes ago, Ash4781 said: Yeah I was looking at their accounts yesterday. I didn’t like the look of their cashflow statement. Their balance sheet wasn’t great either. I couldn’t understand why they were expanding ? Chasing pennies with pounds. Its a junk compnay. Quote Link to post Share on other sites
spyguy Posted August 10, 2018 Report Share Posted August 10, 2018 Listed ~5 years ago. PE backed junk. Expanded massively, taking on places with discounted/free rents for a few year. Now on full whack, increasing rents, low margin single product. Quote Link to post Share on other sites
Craig_ Posted August 10, 2018 Report Share Posted August 10, 2018 2 hours ago, spyguy said: Card Factory seems to be going down the sh1tter. Weak pound, forcing up import prices. No longer loads of cheap lease deals, full price comes due. Thats a pity. Woukd much rather see those shysters at Clinton's go under. £2.50 for a birthday card? GTF. Quote Link to post Share on other sites
spyguy Posted August 10, 2018 Report Share Posted August 10, 2018 2 minutes ago, Craig_ said: Thats a pity. Woukd much rather see those shysters at Clinton's go under. £2.50 for a birthday card? GTF. It has, a few years ago. Both very strange companies. Quote Link to post Share on other sites
regprentice Posted August 10, 2018 Report Share Posted August 10, 2018 (edited) 4 hours ago, Ash4781 said: There it goes. I expect Mike Ashley will be picking up bits of the business? edit- interesting that there was what I make an opening move in the Intu Plc, Sports Direct, and Debenhams share price at open (not looked at the volumes). House of Debenhams it is then? I dont see what Ashley will do with Frasers. His strategy at sports direct has been to buy brand names cheap (Gelert, Kangol, Dunlop, Donnay, etc) and then badge up cheap Chinese tag with those names. You can but the same crappy polyester polo shirt with any of those brand names stitched badly to the front. Bearing in mind how they asset stripped USC I can see similar happening to Frasers. Strip Frasers of its premium locations and brands, quietly pass them to Debenhams then let Frasers fail? Could be the plan. https://www.theguardian.com/business/2015/dec/11/revealed-how-sports-direct-stripped-usc-assets-before-it-collapsed "Sports Direct, the FTSE 100 retailing giant controlled by the billionaire Mike Ashley, stripped prime assets out of its stricken USC fashion subsidiary in the weeks before the chain collapsed, an investigation by the Guardian can reveal. The demise of USC, which was controversially bought straight out of administration by another arm of Sports Direct in January, led to about 200 workers being given just 15 minutes’ warning that they were to lose their jobs. The episode has since seen Sports Direct’s chief executive, David Forsey, charged with a criminal offence for allegedly failing to give the 30 days’ notice required for redundancies under employment law. Forsey denies the charge. Meanwhile, Ashley has been accused of using “disgraceful and unlawful employment practices” during the incident. The company was branded a “scar on British business” by the Institute of Directors, and was criticised by some of its own shareholders. Opposition MPs demanded the company be investigated by HMRC." Meanwhile, one insider with direct knowledge of USC told the Guardian that Sports Direct had been transferring leases out of USC and into Republic for months, if not years. He said that landlords who were prepared to renegotiate leases with USC saw their stores transferred out of USC and into Republic, while those who resisted Sports Direct’s efforts to get better terms were left inside USC. “If a landlord played ball they were OK,” he said. “You don’t win against Mike [Ashley].” Edited August 10, 2018 by regprentice Quote Link to post Share on other sites
Ash4781 Posted August 10, 2018 Report Share Posted August 10, 2018 (edited) Intu (edit - commercial real estate with significant U.K. shopping centre exposure) share price down again. Look at that trend ! Last time saw they were trading at a discount to net asset value. Might have a look at the gearing and see who the lenders are. Edit: I imagine lenders will be scouting these centres. Edited August 10, 2018 by Ash4781 Quote Link to post Share on other sites
Bear Hug Posted August 11, 2018 Report Share Posted August 11, 2018 13 hours ago, regprentice said: House of Debenhams it is then? I dont see what Ashley will do with Frasers. His strategy at sports direct has been to buy brand names cheap (Gelert, Kangol, Dunlop, Donnay, etc) and then badge up cheap Chinese tag with those names. You can but the same crappy polyester polo shirt with any of those brand names stitched badly to the front. Agreed - pretty much everything in Sports Direct looks like cheap crap independent of what brand they printed on it. Don';t get me wrong, I am a cheapskate (or frugal, as some say here), but I just don't see how they will work with HoF. Quote Link to post Share on other sites
Mossie Posted August 11, 2018 Report Share Posted August 11, 2018 8 hours ago, Ash4781 said: Intu (edit - commercial real estate with significant U.K. shopping centre exposure) share price down again. Look at that trend ! Last time saw they were trading at a discount to net asset value. Might have a look at the gearing and see who the lenders are. Edit: I imagine lenders will be scouting these centres. Intu was mentioned on the Deflationary Collapse/Reflation thread back in November 2017. Share-price was 202p on that day, bounced a bit after, but 169.95 current by your chart. I don't hold any view on it. Quote I was looking at Intu the owner of most of the big shopping malls.£5 billion of debt.Net interest is about half the operating profit.Supposed net assets of £5 billion would make them around 30%/40% undervalued.However in a reflation can they push rents up quicker than their interest rate bill will be going up?.Add on a refinance if asset prices fall 30%.A company that might be cheap,or might end up being owned by the bond holders with zero left for the equity.? and more on that page of thread. Journalist recently told her story of Binns (HoF) in Middlesbrough closing, and telling of some regret. How her Mum took her there as a young girl to shop on special occasions. She wrote a lot about the wonderful building that by itself drew in people to the area just to look upon it. Elsewhere I read the staircase itself took 11 weeks to build and put together. Quote Link to post Share on other sites
hotblack42 Posted August 11, 2018 Report Share Posted August 11, 2018 6 hours ago, Bear Hug said: Agreed - pretty much everything in Sports Direct looks like cheap crap independent of what brand they printed on it. Don';t get me wrong, I am a cheapskate (or frugal, as some say here), but I just don't see how they will work with HoF. Sports Direct present themselves badly to the discerning - you are greeted with cheap brollies & footballs. Upstairs you will find good quality sports gear like addidas running clothes & Garmin watches at good prices. I don't understand this. Quote Link to post Share on other sites
winkie Posted August 11, 2018 Report Share Posted August 11, 2018 Quote Link to post Share on other sites
spyguy Posted August 11, 2018 Report Share Posted August 11, 2018 1 hour ago, hotblack42 said: Sports Direct present themselves badly to the discerning - you are greeted with cheap brollies & footballs. Upstairs you will find good quality sports gear like addidas running clothes & Garmin watches at good prices. I don't understand this. Because the operation is run like a market stall. Quote Link to post Share on other sites
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