There are always plenty of loonies around who see a small (in this case almost microscopic) change in one quarter as some kind of disaster and react accordingly. Due to faulty thinking, they completely ignore the very good half year result and the presence in that balance sheet of nearly £900m cash.
Without a lot of digging, I guess that the Accounting Standards Board decided that where a company has a significant amount/number of leases, the shareholders should be aware of them and the "value" thereof. This makes sense to me (retired accountant) and the way to do it without messinng up double entry principles is to put that value in the Balance Sheet as both an asset and a liability. Loads of businesses lease stuff all the time and of course interest rates are completely irrelevant. Personally I think it's a joke because the average shareholder would be utterly clueless as to the significance of the exercise.
Hmm, just been to their website to have a glance through because it has not been working too well lately. Well I have to report that someone has obviously been busy because it is now a whole lot better than it was a month ago and clicking through for further details/reviews on a product is now working well. Have a look at their low price but good own label 18v drill to get an idea if you want.
Too true - occasionally Questor gets it half right. But many tradesmen use it too and the so called "analysts" are more likely waiting to see:- 1. A full year's results and 2. For their website to be sorted which is somewhat urgent IMO. No matter, I decided to have a punt with £5k before it takes off.
eliminating!
Hi C trader, You have to understand that "trading" is actually gambling and there is no guarantee that you will make money in the medium term whereas most sensible investors do. The most successful investor in the world, a gent by the name of Warren Buffet says that he almost never has done "trading" but sticks to certain principles for his investing activities- you can look them up.
Son bought bought a bunch of these for 30p last year when the market went stupid because of Boris's fearmongering. Proves yet again that Warren's maxim of buying when the rest of the doughbags are in a panic does work.
'course most "investors" know very little about Wickes because they so rarely get off their a***s and do any DIY. However, if you have never visited, you should it's a treasure house of tools, paint, timber and garden supplies at very competitive prices. I have been going there for many years.
A few years ago someone heavily rear ended me such that my car was also shoved into the car in front and written off. I got mymoney fro the car no problem but within a few days, one of the thieving injury claims merchants began to phone me and suggest that I must have been injured and they could help me get more money. Well I wasn't injured at all but they persisted for some weeks phoning me and telling that they could get me some "damages" if I would sign up despite me saying that I was not injured. Now that behaviour demonstrates just many £millions worth of fraudulent claims must have been made over the years costing all of us higher premiums; so glad it has now stopped.
Ahem, what capital losses? - I bought mine last year at £2.74
During the the 1970's Harold Wilson's Government managed to get the inflation rate up to well over 10% and for those that remember it was quite dreadful to watch your grocery bill go up week after week, especially if you were a pensioner or on the dole. Meanwhile over in Switzerland, the highest it ever got to was 4% in 1971 and a lot of the time it was around 2.5% so I don't believe it was anything to do with oil. It was in fact down right incompetence and what bothers me is that this present government is also displaying many signs of economic incompetence. E.g., they have spent money like water in a fuitile attempt to solve a disease problem and nobody seems to care.
The last time we had "galloping inflation" was a very long time ago, started by Harold Wilson's government if I recall correctly and slowly crushed by Maggie Thatcher's. Most people today have no idea how evil and destructive it is because they have not experienced it and unfortunately that includes the nincompoops who are currently in charge.