Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Famous last words, but is this finally getting some momentum? This has taken far too long but it does feel like the tide may have turned a little. As I say, possible spoken too soon here, but feels positive.
Or Toffers?
Those of us with kids know that spaffing their inheritance on this is just a little, well, stupid. Honestly, when you step in dogsh*t do you then try and use more dogsh*t to wipe it off? No, you try and find something else that is less sh*tty.
I think we’ll find that ilovesushi sold at just the right time to make a lovely profit!
There are some real masochists on this board. I no longer believe in Darwinism.. These people shouldn’t exist.
Was that last 30 minutes interesting enough for you Munichmann? Who’s buying tomorrow?! The Japanese buyers so they can undo JD’s cultural appropriation?
Likewise, just couldn’t stop myself from a little top up today - despite the fact that this has the performance of a battered lada.
Each to their own Fordy. Just my opinion. Best of luck.
I’m not an analyst Fordy. I just understand property, and understand the minimum terms investors will accept in their best locations to protect their investment values, and know what I see with my own eyes. As I say, if you want to do more detailed analysis, you can get the information from the Land Registry.
When I said empty stores, I met footfall empty, though they’ll no doubt have some actual empty stores. Most retailers do.
But usually not.
Google the location of the stores to get their addresses. Then go on to the Land Registry portal. Any leases over 7 years duration are registrable so you can download copies - including duration, rents, break options etc. Occasionally landlord’s designate some of the information as exempt from registration, it usually not.
I didn’t say it was doomed because it has 4000 employees - but Munichmann painted that as a positive. I think it is doomed because it’s shops are empty, it has far too many of them, the terms are too long, the rents are too high, the stores are too big, they are in expensive locations, hardly anyone is visiting them, they are stacked to the gills with stock no one wants to buy, and the brand is no longer fashionable. It’s not rocket science. They had time to fix it and they haven’t. Time’s up.
Great news! 4,000 employees!! Do the maths. Look at the wage bill, then factor in the rents and business rates liabilities for the premises, then add on service charges and insurance and the like. After that, go to any of their stores, look at the footfall and and work out how the hell they can possibly meet those liabilities. Heavy restructuring is the only way out here.
There remains an obvious route to get rid of the lease liabilities which are crippling this business, but people don’t like it being mentioned here as it’s not exactly great for shareholders!
Why not invest somewhere where everyone isn’t playing silly b*ggers!? This’ll crash tomorrow morning and may then have some ups and downs but you have no idea when the triggers will arrive for the downs. It’s stupidly exposed to huge lease liabilities with masses of stock and minimal customers. It’s finished. Why not invest in a company which has decent prospects, and whose products/services people want to buy?! Why, why are people still talking about blowing their money here??
Forget it Sheltie. You’ve tried!
Weirdo fantasist.
Actually, don’t apologise, just stop.
Toffers - why don’t you try apologising to all those who you relentlessly encouraged to buy this sh*t? You pretended you knew announcements were coming and that Jade was celebrating! It wasn’t funny and it wasn’t true. It was sh*t and some poor saps here got sucked in. You are a wrong ‘un.
Yeah, and you kept on ramping it regardless didn’t you Toffers, even implying you had an inside track on various occasions. Shameful.