Woolworths

[complete]

http://www.telegraph.co.uk/finance/...oolworths-stake-building-hits-major-snag.html

Trust him to be so lucky.....

 

[oldeagleeye]

We all are. We now own nearlly 20% of HBOS. Sack the staff if you get bad service when you next bank.

 

[Moneyman]

Yeh gods that was jammie in the extreme.
Failed to deliver shares...i would have rushed over and nailed them to his hand and then banked his cheque without pausing for breath...there will be more on this i am sure. the guy who was flogging them also has huge stakes in just about every other retailer in the uk.

Still sirallan still has a couple of percent in woolies so he still will hurt.

Oh and eagleye i dont think the equity owners get anything just the creditors.

 

[businessbooster]

As a supplier to woolworths for many years, the news of their demise, is very worrying times,there is still hope, that some store can be sold, so that the buisness can continue, but hope is the word really.

We do provide to two other big retailers,but woolworths has always been the main one, does anyone have any advice at all of who to contact to make
a bad situation better, obviously our stock sells in these woolies stores, so now we need a different outlet, some big retailer to take them, any advice or contacts would be most useful.

We also have a large space free for hire,or to use to move into a different area of buisness, just trying to decide what to do next.

Hi there sorry to hear about your situation.

Can you be really specific about what you manufacture please?
You could set up a shop on ebay if the priority is to create cash flow quickly.

thanks

Richard

 

[Moneyman]

I think they should anounce all the major retailers debt to uk banks, so that we can try to prop them up. as we (the current bank owners) will probably be the losers if they go under.
We (the nation) are borrowing huge amounts of money to give us more cash so that we (the shoppers) can prop up companies that we (the bank owners) have lent too much money to because we have lent the banks loads of our money because we (the bank customers) cant pay back the money to the banks that we borrowed....

Mr Brown can fiscually stimulate off!

 

[cycloneuk]

I went into the local Woolworths yesterday and staff were busy sticking yellow stickers on everything, with the majority half price. Stilll there were only a handfull of people in there, it is the only place that sells a good range of toys around here apart from Argos so sad times.

 

[oldeagleeye]

Moneyman. I think the put the money in when Woolies were in a grey area between calling in adminsitrators and the official declaration. In such circumstances the investor can stipulate conditions and sometimes even shoot to the top of the creditors list - but whatever. A few percent shareholding is diddly squat and a useful tax write off against another business or a few luxury's like the helicoptors etc.

PJE. Lots of us on here have connections and have asked what products. We may be able to help if only an introduction. Pm me then with brief details or post in the forum if you want help. Rob

 

[KidsBeeHappy]

I think the Alan Sugar problem was all that the shares were due to come through Kaupthing (sp??)

 

[Moneyman]

A few percent shareholding is diddly squat and a useful tax write off against another business or a few luxury's like the helicoptors etc.

Rob

A useful tax write off...you mean a loss of cash.
Useful tax write off is what you say if you lose someone elses money, not your own