TheCountOfNowhere Posted June 15, 2019 Share Posted June 15, 2019 My removal of money from zopa started really well... Then it slowed... Now its a trickle. Down to 5% left, something like 400 loans with 60 in default. I suspect I won't see all of the money but still made a good return. Funding circle still a big worry, same defaults this week as I say in 2017. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted June 15, 2019 Share Posted June 15, 2019 So, everything's preey much screwed... Accept the financial sector and the rich. French revolution springs to mind Quote Link to comment Share on other sites More sharing options...
stop_the_craziness Posted June 16, 2019 Share Posted June 16, 2019 13 hours ago, Ghostly said: Dizzee Rascal has been reduced to doing Ladbrokes ads. Assume times are hard. I was very sad when I first realised it was him. Quote Link to comment Share on other sites More sharing options...
Saving For a Space Ship Posted June 20, 2019 Share Posted June 20, 2019 Bathstore faces collapse putting 700 jobs, 168 stores at risk https://www.theguardian.com/business/2019/jun/19/bathstore-faces-collapse-putting-700-jobs-168-stores-at-risk Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted June 20, 2019 Share Posted June 20, 2019 Just now, Saving For a Space Ship said: Bathstore faces collapse putting 700 jobs, 168 stores at risk https://www.theguardian.com/business/2019/jun/19/bathstore-faces-collapse-putting-700-jobs-168-stores-at-risk The economy is plumbing new depths, I get that sinking feeling every day. This is the result of low interest rates and the QE tap being switched on. Pun tastic Quote Link to comment Share on other sites More sharing options...
Fishfinger Posted June 20, 2019 Share Posted June 20, 2019 21 minutes ago, Saving For a Space Ship said: Bathstore faces collapse putting 700 jobs, 168 stores at risk https://www.theguardian.com/business/2019/jun/19/bathstore-faces-collapse-putting-700-jobs-168-stores-at-risk They were a right shower so not surprised.. Quote Link to comment Share on other sites More sharing options...
Errol Posted June 20, 2019 Share Posted June 20, 2019 (edited) 45 minutes ago, Saving For a Space Ship said: Bathstore faces collapse putting 700 jobs, 168 stores at risk https://www.theguardian.com/business/2019/jun/19/bathstore-faces-collapse-putting-700-jobs-168-stores-at-risk The stuff they appear to sell is nasty and looks like plastic. I'm not surprised nobody wants it. Now the owner has pulled the plug. Edited June 20, 2019 by Errol Quote Link to comment Share on other sites More sharing options...
PeanutButter Posted June 20, 2019 Share Posted June 20, 2019 6 minutes ago, Errol said: The stuff they appear to sell is nasty and looks like plastic. I'm not surprised nobody wants it. Now the owner has pulled the plug. Every Bathstore has the worst google reviews. Now, they're always sited near to/opposite Topps Tiles so I wonder if that will have a knock on effect. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted June 20, 2019 Share Posted June 20, 2019 Back to zopa... Sales have basically stopped with 5% of my investment on there which is more than I'd make this year from interest I'm probably one of the lucky ones had a few good years profit out of the but this hammers the final return. Will zopa be around in 5 years time, I'd expect so. Will funding circle, I expect not. My losses there will likely x Consume any profit from zopa. IMHO.... Avoid avoid avoid peer to peer... The risk is high and the reward is no where near what is claimed. Quote Link to comment Share on other sites More sharing options...
Shrink Proof Posted June 20, 2019 Share Posted June 20, 2019 3 hours ago, Saving For a Space Ship said: Bathstore faces collapse putting 700 jobs, 168 stores at risk https://www.theguardian.com/business/2019/jun/19/bathstore-faces-collapse-putting-700-jobs-168-stores-at-risk I thought they were flush, but actually they're in hot water. Didn't expect them to go down the drain. Quote Link to comment Share on other sites More sharing options...
NoHPCinTheUK Posted June 20, 2019 Share Posted June 20, 2019 I ve also read poeple are not buying £1000 phones anymore. Quote Link to comment Share on other sites More sharing options...
winkie Posted June 20, 2019 Share Posted June 20, 2019 (edited) 9 hours ago, PeanutButter said: Every Bathstore has the worst google reviews. Now, they're always sited near to/opposite Topps Tiles so I wonder if that will have a knock on effect. Often new stuff is of poorer quality than the better made existing stuff, goes for bathrooms, kitchens and phones......reduce, reuse, recycle......the days of pulling out perfectly adequate and workable well made things to replace are over....ripout the good to replace with not so good........the throw away days are over. Edited June 20, 2019 by winkie Quote Link to comment Share on other sites More sharing options...
Council estate capitalist Posted June 20, 2019 Share Posted June 20, 2019 1 hour ago, Neapolitan said: I ve also read poeple are not buying £1000 phones anymore. Carphone warehouse was a poor acquisition for Dixons They mentioned that people were more often asking to buy the phone outright with a "sim only" plan that works out cheaper. 2 of my friends have gone off-contract, not "upgraded" and gone sim-only on my advice. Saving about £240/yr each. The "savvy shopper" mentality among the masses will be the death of many businesses that rely on people not shopping around. (Telecom, utilities, Insurance etc). When 35% of your income goes on rent something has to give. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted June 20, 2019 Share Posted June 20, 2019 2 hours ago, Neapolitan said: I ve also read poeple are not buying £1000 phones anymore. Who pays a grand for a phone...oh no, hang on... Its only £50 a month ad infinitum... Plus insurance... Plus apps. Quote Link to comment Share on other sites More sharing options...
NoHPCinTheUK Posted June 20, 2019 Share Posted June 20, 2019 Morning star suspended rating on Nataxis’ H2O Allegro Fund. Starting to wonder how many funds are swimming in the same water. Quote Link to comment Share on other sites More sharing options...
longgone Posted June 20, 2019 Share Posted June 20, 2019 2 hours ago, Council estate capitalist said: Carphone warehouse was a poor acquisition for Dixons They mentioned that people were more often asking to buy the phone outright with a "sim only" plan that works out cheaper. 2 of my friends have gone off-contract, not "upgraded" and gone sim-only on my advice. Saving about £240/yr each. The "savvy shopper" mentality among the masses will be the death of many businesses that rely on people not shopping around. (Telecom, utilities, Insurance etc). When 35% of your income goes on rent something has to give. over priced contracts are a thing of the past, now its all about how much data per month there is and how much is the phone sim free and payg. Samsung are trying to win sales from the Chinese sellers doing £100 trade in deals on any old phone and cash back on top. i have bought 4 phones already this month to sell on and one to keep. ? Quote Link to comment Share on other sites More sharing options...
Timbuk3 Posted July 1, 2019 Share Posted July 1, 2019 https://www.theguardian.com/business/2019/jul/01/footwear-chain-office-could-close-stores-as-part-of-restructure More shops to close, more pain for retail estate investors/landlords. All these shops closures have to start hurting at some point. British Land, investment banks, surely nursing losses on all the retail space sitting empty. Quote Link to comment Share on other sites More sharing options...
Will! Posted July 2, 2019 Share Posted July 2, 2019 On 05/06/2019 at 14:32, Council estate capitalist said: I've seen many crap businesses go to the wall and looking at the statement of affairs (document filed to companies house listing creditors) Funding circle is often the biggest creditor. and so it came to pass... BBC News: Funding Circle shares dive on revenue warning Quote Link to comment Share on other sites More sharing options...
regprentice Posted July 2, 2019 Share Posted July 2, 2019 9 hours ago, Timbuk3 said: https://www.theguardian.com/business/2019/jul/01/footwear-chain-office-could-close-stores-as-part-of-restructure More shops to close, more pain for retail estate investors/landlords. All these shops closures have to start hurting at some point. British Land, investment banks, surely nursing losses on all the retail space sitting empty. Imho Office isn't in the same position as businesses like debenhams, HoF etc but i think this is the start if a tidal wave of private equity owners saying 'if debenhams/HoF/Topshop can restructure and renegotiate its rent using a CVA then so can we!' All it takes is one person looking at the numbers in a board room in South Africa to decide the cost of a restructure is worth the reduced rent and a one off windfall batch of tax write offs on closing some less profitable branches. Quote Link to comment Share on other sites More sharing options...
2buyornot2buy Posted July 2, 2019 Share Posted July 2, 2019 48 minutes ago, regprentice said: Imho Office isn't in the same position as businesses like debenhams, HoF etc but i think this is the start if a tidal wave of private equity owners saying 'if debenhams/HoF/Topshop can restructure and renegotiate its rent using a CVA then so can we!' All it takes is one person looking at the numbers in a board room in South Africa to decide the cost of a restructure is worth the reduced rent and a one off windfall batch of tax write offs on closing some less profitable branches. Yep, the floodgates have been well and truly opened. I expect pretty much ever mid level retailer to "restructure". Quote Link to comment Share on other sites More sharing options...
Saving For a Space Ship Posted July 2, 2019 Share Posted July 2, 2019 Want to Buy a Car? China’s Got a Deal for You Beijing is pushing auto financing to boost consumption. Hoping new credit will solve old problems has rarely turned out well. https://www.bloomberg.com/opinion/articles/2019-07-01/china-s-push-into-car-financing-comes-as-credit-markets-look-weak Quote Link to comment Share on other sites More sharing options...
Council estate capitalist Posted July 3, 2019 Share Posted July 3, 2019 On 02/07/2019 at 09:04, Will! said: and so it came to pass... BBC News: Funding Circle shares dive on revenue warning It was widely touted in P2P investor circles that FC were making lots and lots of new loans prior to going public, That's how the game is played, highest revenue/EBITDA just prior to going public. The IPO price is a multiple of this. What then happens is you find that 1. the loans you rushed to make are crap, 2. you're finding it harder to originate the same number of loans because whoever wants one has one so credit quality ends up slipping further. Quote Link to comment Share on other sites More sharing options...
hurlerontheditch Posted July 4, 2019 Share Posted July 4, 2019 (edited) Quote William Hill plans to close about 700 betting shops across the UK, putting 4,500 jobs at risk It said a large number of redundancies was anticipated, with 4,500 employees at risk of losing their jobs. The firm added that the move followed the government's decision in April to reduce the maximum stake on fixed-odds betting terminals to £2. Since then, the company added, it had seen "a significant fall" in gaming machine revenues. "The group will look to apply voluntary redundancy and redeployment measures extensively and will be providing support to all colleagues throughout the process," its statement said. "Subject to the outcome of the consultation process, shop closures are likely to begin before the end of the year." https://www.bbc.co.uk/news/business-48868335 good riddance Edited July 4, 2019 by hurlerontheditch Quote Link to comment Share on other sites More sharing options...
maffo in oxford Posted July 4, 2019 Share Posted July 4, 2019 On 02/07/2019 at 00:10, Timbuk3 said: https://www.theguardian.com/business/2019/jul/01/footwear-chain-office-could-close-stores-as-part-of-restructure More shops to close, more pain for retail estate investors/landlords. All these shops closures have to start hurting at some point. British Land, investment banks, surely nursing losses on all the retail space sitting empty. I was a little premature, but the volume of sale emails my OH was getting kinda gave it away that things were not so rosy! Quote Link to comment Share on other sites More sharing options...
PeanutButter Posted July 4, 2019 Share Posted July 4, 2019 23 minutes ago, hurlerontheditch said: https://www.bbc.co.uk/news/business-48868335 good riddance Why pay high street rent when you can bombard people via email and app notifications, live in their pockets and drain them 24/7? Quote Link to comment Share on other sites More sharing options...
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