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Author Topic: Financial matters  (Read 283130 times)

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Offline Yorkie

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Re: Financial matters
« Reply #210 on: June 28, 2011, 11:29:27 am »
It must be borne in mind that Home Retail Group are very cash rich and their purchase of the Habitat name and stores was made in cash, all £24.5 million.   I've invested and hope to see a good medium term gain.    ;)
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Offline DaveR

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Re: Financial matters
« Reply #211 on: June 28, 2011, 11:38:41 am »
Just had a look - the p/e ratio is undemanding and the yield is attractive. Cash pile is reassuring, my only concern is that the retail sector is getting hammered and no sign of that changing for a few years.  Personally, I think the Habitat brand is worth b****r all, a throwback to the 70s that has had its day.
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Offline Yorkie

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Re: Financial matters
« Reply #212 on: June 28, 2011, 01:42:32 pm »
I don't think they have so much bought the name - but what goes with it!   The top man's name may be Duddy but there is certainly nothing dud about him!

The best thing they ever did was demerge from GUS a few years ago.
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Offline Fester

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Re: Financial matters
« Reply #213 on: June 29, 2011, 12:53:30 am »
GUS was a retailing giant in the 1980's and 1990's, but its reliance on agency mail order, and its massive cost base caused it to become a millstone.
The Barclay Brothers were ruthless in slashing costs at GUS, and closed many offices and warehouses.
They did it in a very insidious way too.
They decided not to sell voluntary redundancies (as was the policy) but instead made thousands of people re-apply for thier own jobs.
Those who were unsuccessful got a redundancy package, but a cut down one.
Those who felt offended, and refused to re-apply, left with nothing.

They also delayed this process (in cahoots with the labour govt at the time)  until one month AFTER the General Election.

I think Argos retail (and its online offer) is superb. As is its home delivery performance.
Argos will survive and thrive.  It is a sound investment.
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Offline Ian

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Re: Financial matters
« Reply #214 on: June 29, 2011, 07:49:19 am »
Quote
The Barclay Brothers were ruthless

Ah, yes;  the  Barclay Brothers..  And they seek to control all the news you read, too...
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Offline Yorkie

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Re: Financial matters
« Reply #215 on: June 29, 2011, 08:59:03 am »
Quote from: Fester on June 29, 2011, 12:53:30 am

I think Argos retail (and its online offer) is superb. As is its home delivery performance.
Argos will survive and thrive.  It is a sound investment.


Thanks for the second opinion Fester!   I may buy a few thousand more now whilst they are still low.     :D
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Offline DaveR

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Re: Financial matters
« Reply #216 on: June 29, 2011, 06:14:26 pm »
Quote from: Ian on June 29, 2011, 07:49:19 am
Quote
The Barclay Brothers were ruthless

Ah, yes;  the  Barclay Brothers..  And they seek to control all the news you read, too...
I think the Guardian's quite safe. Ian. They're only interested in newspapers that make a profit....  :-X  ;D
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Offline Ian

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Re: Financial matters
« Reply #217 on: June 30, 2011, 07:36:03 am »
 8)
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Offline Fester

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Re: Financial matters
« Reply #218 on: July 30, 2011, 11:22:28 pm »
Following criticism from all party MP's, the top man of of the HMRC, (i.e. the Chief Taxman) has felt it necessary to apologise for terrible service and poor administration.
Story here.  http://www.bbc.co.uk/news/business-14314691

I have recently had dealings with HMRC which have dragged on and on, and is still unresolved actually.
I note that the blame has not fallen on frontline staff, it would be very poor management to do so.

In fact there is an acknowledgement that staff are very demoralised, (I would be interested in Scott's views)

More importantly, if I was employed by HMRC I would like to know what they intend to do about it at senior level.
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Offline Scott

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Re: Financial matters
« Reply #219 on: July 30, 2011, 11:39:11 pm »
Fester I cannot add much comment I have done 30 years service this year & need my pension (what's left of it when I have worked until i die to get it!)
Please don't blame the front line staff  a few of us know what it was like 'in the old days' but we now have to comply -to progress! Demoralised? I'm flippin glad only work part time that's for sure!

Senior level ...do they do the job & face the public...I rest my case!"
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Offline Fester

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Re: Financial matters
« Reply #220 on: July 30, 2011, 11:47:45 pm »
Sadly Scott, you can't say I R-E-S-T my case ... as you may have noticed on your posting... that word is not allowed on this Forum!
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Fester...
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Offline Scott

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Re: Financial matters
« Reply #221 on: July 30, 2011, 11:56:58 pm »
Ha ha yes it's weird why not?? r-e-s-t ? Oh well I still try to preserve my pension and do as I am told it's a job now was once a career.
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Offline Fester

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Re: Financial matters
« Reply #222 on: July 31, 2011, 12:20:41 am »
I dare not tell you .... that single word has caused much furore in the last day or so, so much in fact that the entire future of the forum has been called into doubt!   

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Offline Merddin Emrys

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Re: Financial matters
« Reply #223 on: July 31, 2011, 06:53:50 am »
Quote from: Fester on July 31, 2011, 12:20:41 am
I dare not tell you .... that single word has caused much furore in the last day or so, so much in fact that the entire future of the forum has been called into doubt!   



 :-X :-X
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Offline Yorkie

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Re: Financial matters
« Reply #224 on: July 31, 2011, 09:06:17 am »
Quote from: Fester on July 31, 2011, 12:20:41 am
I dare not tell you .... that single word has caused much furore in the last day or so, so much in fact that the entire future of the forum has been called into doubt!   

 WWW WWW
Ditto (if the word works)
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