Member Info for shuttts

Hi Bill,
it's the leases where a big chunk of the debt is buried. They have to pay it whether the stores stay open or not - I know some people don't like to count leases as debt because it's spread over time but it's still a liability.

This lot have a huge mountain to climb and I don't think they're going to make it.

I can't see it being so much if it's offloaded in next few days.

I'd say 150K to 175K.

For the first offload I can see it being a much smaller quantity.

Is what will kill this company.

I've seen some gleefully rattling on about savings of £19 million - what use is that when the company is saddled with £600+ million of debt including leases. And a market cap of only £56M.

Flooring is a very tough market working on very poor margins - Looking at reviews Carpetright have managed to take a touch market with poor margins, mix in a big pile of debt, sell shabby products and have them fitted by poor fitters.

So operating in a very tough market with little margins they've decided to make things even tougher financially, and by pissing off their customers as well.

And now, the end is near...

What is it good for - HUR! (hey do you like it my phonetic rendering of the song - maybe it was a prophetic song?)

Anyway, isn't it amazing the US have one of their war fleets in the region because of "tensions", then those worries become crystalised when oil tankers are attacked, which means we need to go to war with - another oil producing nation - which will disrupt oil supplies and send the price of oil up.

If only before this happened there'd been a new gigantic oil field found and proved to be viable that is in very stable political waters.

Oh - wait........

HUR - What is it good for.

Etc.

*worth watching* all the way through

Just as an aside - has anyone here watched "Black Monday"?

Started watching it last night, not sure if it's watching all the way through. Don't want to spend ages watching it to be disappointd in the end - is it any good?

Thanks

I'd sat back down before I'd even stood up.

Was hoping it might help the driver to calm the flip down before he blows a gasket and goes postal.

Good the driver, do take it on board, I'm not having a go at you, I hope you amke loads of money - but you won't in you let your emotions rule your head.

You need to be Stoic, accept what is what instead of being disappointed by how things aren't how you'd like them to be, it's out of your control.

Most people are miserable because they spend their time lamenting over what they don't have instead of accepting and enjoying what they do have.

I was, along these lines going to say to the driver that "it's better to assent to the truth and vanquish opinion, than to assent to opinion and be vanquished by the truth".

His problem, along with all of those utterly disappointed people who are lamenting that they aren't rich already is that they mistake their own emotionally driven and minute by minute opinions as the truth, and so will be vanquished financially by both.

A double whammy.

Patience is a virtue, etc, etc.

LoL

I'm not angry, I am trying to help you.

You seem a very emotionally unstable person who is prone to knee jerk reactions based on how you feel at any moment in time.

That is not a good strategy for success.

Chill out - either believe in HUR and hold for the long term, or don't and sell them then you don't need to worry.

But stop with the "sky is falling" comments every 5 mins, you are going to drive yourself nuts.

"Get your motor running, drive on out of Oil Stocks"

The driver, you're doing all of our heads in, Christ knows how much you're screwing your own head up. You need to Chill. The. F. Out.

Warren Buffet says some people aren't cut out for owning stocks because they get too emotional, and that's you to a "T".

You're flapping like a flippy flappy thing and it's going to do you no good at all, so here's some food for thought.

I mentioned how you're like Rick - well he was a customer of mine and I do SEO for websites.

Rick behaved like you - he checked the ranking for his website every 10 minutes, and it caused him to panic, since he checked now and it was 8th on page 1, 10 minutes later it was 6th on page 1, 10 minutes later it was 3rd on page 2.

He'd be ringing me 8, 9, 10 times a day - "somethings wrong, the sky is falling".

Nothing was wrong, I kept telling him when you do a search in Google there isn't just 1 server delivering the same results, there are 10's of thousands of servers, each time you do a search you're connected to a different server, and each server has a different vesion of the algorithm on it.

Google make daily adjustments to their ranking algorithm, but they aren't going to make a change and roll it out over every server instantly in case it goes wrong, it's gradual to avoid cock ups.

I told him - checking rankings every 10 mins will drive you nuts, forget about it and check it once a month - over a longer horizon you'll see your rankings are getting better and better and better.

Well, it's like that with investing - again as Warren Buffet puts it in the short term the stock market is a voting machine, in the long term it's a weighing machine.

In other words, if you base your decisions on what the price is now, or in 10 minutes, or in 30 minutes, or in 5 days, etc, you're going to not only drive yourself nuts, but also make bad decisions based on emotions over thought, and will lose a lot of money.

Now, to have invested in HUR in the first place you must believe in them and what they're doing and the long term prospects for the company.

So how can you then flap over the changes in share price hour to hour day by day?

If you don't believe in HUR or any company then don't invest, if you do then stop checking the price every 5 mins and let them do their stuff - after all, the biggest gains are made by holding good companies over time.

You might not like me or believe me, but if you can sit there and decide that you know better than warren Buffet then you're an idiot.

And I don't mean that to sound mean but you're going to give yourself a nervous breakdown if you carry on like you are doing.

Adoubleuk - "I haven't been at the AGM. But on reading the presentation this morning I was extremely surprised to learn that Dr T was out on the rig. Because does the drillcrew need his presence to hold THEIR hands?"

Well since what they are doing is geological in nature, and he's the head geologist - then probaby YES, at a critical point in proceedings he probably DID need to be there to hold their hands.

What he's doing is being a CEO who is running the business, rather than being a cheerleader helping to make minor shareholders feel important.

You don't know WHY he felt he needed to be there, but if he'd left and come to the AGM, and then something had gone wrong I'm sure you'd be the first to ask what was he doing at the AGM instead of overseeing the important stuff - which is, incidentally, what will make any of us any money.

MeatBeater & TheDribble - sound like they belong together somehow.

BronskiBeat - So which cryptos are you planning on losing all of your money in?

You're deluded, not your deluded.

You definitely sound like Rick, takes everything dead serious - especially himself.

There's definitely a correlation - as soon as you'd shut your gob for 5 mins the SP started going back up.

You should have called yourself The Diver - every time you post something the share price drops some more.

In fact I bet that's what's happening - people are coming here, seeing your endless moaning and you're frightening them into selling.

In fact why don't you sell yours too? It'll be 45p before long and you'll have lost £Thousands - quick, sell, sell, sell.

Then you can go and enjoy some other BB.

The most important thing he can do is to make sure the business is running properly, not sit in a room flapping his lips to make some idiot shareholders from a BB happy.

If you need him to be there to hold your hand and make you feel better then you shouldn't be invested here.

I want him at the sharp end of things to make sure HUR delivers the maximum possible as efficiently as possible.

"Who the fook is Rick?" - an over emotional manic depressive I know - who incidentally loves cars and keeps buying "vintage" Golfs.

Since you're called the driver I think it's probably you.

He also drives people nuts with his incessant moaning - so your name is doubly ironic.

shame they don't stream it