Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
The uk public love rightmove and there is no reason for them to change, therefore agents will be unable to change. This is boomin, purple bricks, Zoopla, on the market all over again. Also just checked out homes.com, genuinely thought it was poor compared to rightmove, it was bland at best
Costar aren’t coming to help agents, ultimately they want their money, and ultimately probably more than rightmove charge now in time. When people think about moving in this country, their very next move is rightmove. That will not be easy to change. Also if you are an agent you’ve got to have big balls to drop the uk’s biggest website by a country mile and then go and sit in Someone’s front room and pitch for their business, agents will not be queuing up for that scenario. I genuinely think costar will find this harder than they think. Just my opinion but let’s see.
That’s fine, but they will have to convince 1000’s of agents that they don’t need rightmove anymore which is not an easy thing to do. Uk agents can’t afford to pay for both large portals, so good luck convincing an agent that they don’t need rightmove to sell houses which has served them well for many many years. They would have to lure a big player like Connels group who who are the UK’s largest ea group by a mile. It’s pie In the sky stuff if you ask me. I’ve been in the property industry for 21 years Rightmove is a lean mean profit making machine. Rightmove has got plenty of scope for more adverting and wouldn’t have to up it by much to maintain market share. Just my opinion. There are always market disrupters, I mean just look at purple bricks and how well they done . . . . Oh hang on
A ridiculous market over reaction, seen it all before with Zoopla, boomin, on the market bla bla bla. Rightmove is and will remain king, it’s too intrenched in the property market
Hoover up some more shares on the cheap
Bloodbath on the dance floor today and this finished blue. Glad I’m in. GLA
With the new barbie film about to launch with the magnificent Margo Robbie promoting and staring in it, boo seem to have timed their new barbie range to perfection and look to be one of the only firms going big on it, the films age audience is perfectly in sync with boo’s . Bravo boo, this will be a big film with lots of cloths and trends set off the back of it
https://www.boohoo.com/
Sharecast News) - Suppliers to Asos are cutting ties with the fast fashion retailer, it was reported on Wednesday, over credit insurance concerns.
The Times said that suppliers were responding to insurers reducing or withdrawing trade credit insurance following a slide in earnings at Asos. Allianz Trade is understood to have withdrawn cover entirely, while Atradius has reduced cover, the newspaper noted.
Credit insurance protects suppliers against the risk of their customers going bust in between them accepting an order and receiving payment. A long-standing part of the supply chain, if cover is not available suppliers will often ask for payment before fulfilling an order, or simply not deal with that retailer.
Asos, which was demoted from the FTSE 250 last week, has been rocked in recent months by stiff competition, a return to bricks and mortar shopping post pandemic, the cost of living crisis and surging product returns. First half pre-tax losses came in at £290.9m while revenues fell 10% to £1.8bn.
The Times cited a number of suppliers, all unnamed, one of whom said they weren't delivering "as insurance has been lost".
Another said it had yet to supply the retailer this year, and wouldn't do so again "until they get credit insurance backing. Credit insurance is so important these days and makes doing business not as risky.
"The only way [Asos is] going to get people to supply to them again is to pay earlier, the drawback being that its eats into cash."
An Asos spokesperson said: "While trade credit insurance cover has been tightening across the retail industry, we have seen no impact on our trading."
As at 1030 BST, shares in Asos were off 2% at 350.32p.
Online only agencies have never and will never be a sustainable model, they simply cannot provide the required level of service for the amount they charge for a property transaction to keep consumers happy. There is no such thing as a free lunch, and if there is, it normally tastes like sh*t. I feel for anyone that got caught out with this stock. Rest in peace purple bricks, hatched, easy properly , yopa, strike. GLA
The last time I posted on this board was probably a couple of years ago, back then the share price was around a £1 and I urged people to get out then. I’m not particularly good at predicting share price rises and drops, however I do know that this company was never going to succeed then and certainly will not now. We have after covid had the best sales market for many many years, and yet the purple bricks sell for less didn’t work and they lost market share. Now if they couldn’t make it work in that market they certainly won’t make it in this market or the one that will follow for the foreseeable. The founders Bruce brothers sold at £6 for a reason, they knew eventually the model of sell on the cheap would fail and never ultimately succeed once the service levels etc became apparent. Do yourselves a favour and get out, I would say I will be posting again on here in a couple years, but the reality is a board for this share probably won’t exist, and that certainly won’t be because of a private buy out . . . . .
I’m 100% up on investment as of today, the question is should I stay or should I go???? I’m underwater on boo and asos. Part of me wants to go but it feels like the board thinks there is more gas in the tank here. . . . .
Already in the t and c’s, it will be very interesting to see how the loyal boo hoo buyers take this
https://www.boohoo.com/page/terms-and-conditions.html
Couldn’t agree more, as a long term investor I come on here from time to time only to be greeted by childish crap littered all over the board. Grow the **** up. Dossers (appreciate this post adds to the crap but it had to be said) long live boo :)
At least we now know why there were no directors buys recently. This desperately needs the bods to step in now and give the investors like myself
Some confidence.
Boo obviously has supply chain issues etc, which no doubt has hindered overseas success, however that won’t last forever, and if boo has problems there will be many more online retailers experiencing the same that have no where near the infrastructure of boo. Can boo gobble up a few on the cheap
I’ve always been long term so can sit and wait.I’m not fu@@ing leaving
I have said it before and I’ll say it again. This model does not work, cheap fees are all well and good, however they don’t pay the bills, especially when the market tightens.
I work in the industry and have just had the busiest and most profitable 18 months ever whilst working for a traditional high street agent. It seems to me people don’t want to be ripped off by high street agents charging high fees, nor do they want some bucket shop online agent that offers poor service. So a high street agent that charges a sensible fee will win the race.
Purple bricks have been exposed for why they are. Cheap and not very cheerful. Their staff are now employed so they are getting paid while there is very little coming in. They have even now resorted to no sale no fee and that isn’t increasing activity. Nowhere left to go.
At least the bruce brothers that set the company up haven’t sold out years ago, oh. . . . . Hang on