Member Info for Slomo12

I do so agree. This has been going on for quite a few years now and I have lost really good companies. I would like to invest for the longer term, but I keep finding great companies snatched away. Sadly, we are in a topsy-turvy world where there is jam today but no bread tomorrow...

This was my response to MaryBr190 about Nationwide...

There would never be a windfall because those with those rights are the minority. If Nationwide 'belongs' to anyone, it is to the directors who will do whatever they like - such as buying a bank, awarding themselves huge pay awards, appointing the directors they want. The 'quickvote'/charity donations is a brilliant wheeze that ensures the directors have the vast majority of any votes on any issue as most members are uninterested & just think they are doing a good thing for charity in handing votes to the Board. As to VMUK, I have now sold my shares as it seems a done deal of which I heartily disapprove.

I think JD came back in because Superdry was already floundering & he thought he could turn things around and has found that it just hasn't worked as he'd intended. He still thinks he can recover the situation. That might be arrogance, or misreading how things have changed. I really don't think he wants Superdry to fail nor that there is anything fraudulent. He, like those of us still invested, hopes that Superdry can get costs down and negotiate their way out. I know it seems like a car crash now, but I sincerely hope that a good brand can be retrieved. It does need everyone to work together - that's BOD, JD, shops to have rents renegotiated or closed out etc. I will keep hoping for a recovery - it ain't flat-lined yet!

Nationwide came up with a brilliant way to stitch up their members - they sign away their rights when they join and if Nationwide board has to seek their votes e.g. for AGM - Nationwide offer to pay a contribution to charity if members send in their votes, but Hey! they don't have to think about how to vote, they can just authorise Nationwide to vote on their behalf. Members who aren't interested (majority) but like the idea of 'their' 'mutual' Building Society giving to charity give the board free rein to elect the board members and award them their remuneration packages etc. So the more active members are effectively gagged/sand-bagged before they can even start.

Oh, Eckie, there was no Endowment mortgage swindle - it was a good idea & worked for ages, but providers got over-confident about returns as they'd enjoyed such rich returns. Anyone with any sense could over-pay on their mortgages because interest rates had fallen so that the reduced payout on the Low Cost mortgages would still cover what remained due. What is there now that will help people pay off their mortgages? It was a great shame that the whole concept got trashed as there was a lot to be said for it. And now you're getting het up over your perceived losses. I'm sorry if that is what is going to happen to you, but relying on one share to fund your retirement sounds perverse. I'm doing like another poster suggests, investing in various shares in an ISA and hoping that the dividends will buy me a few treats in my dotage!

I invest for all the wrong reasons - sometimes it pays off, sometimes not. I invested in H&W when they took on Appledore and offered training and decent employment prospects and so far I don't care that the SP is way below what it was when I first bought in. In my opinion, we need these facilities and highly trained personnel, it may pay off in time or it might not. Never invest what you need to keep afloat yourself!!

Joint statement says 2.20 being 2.18 per share plus the 2p dividend. Still unhappy!

I'm an investor and a customer of Virgin and I think they're brilliant. Unlike Nationwide, they pay decent interest on accounts and are really easy to use (and I speak as a technophobe). What is Nationwide going to do? Shaft the customers - oh, sorry "members" with their really crap interest payments and award all the directors lots more pennies for all the extra work they have to do... I'm upset!

All I can say is - me too!

The problem comes about when those who are engaged to do the work then sub-contract and quality becomes more variable. Quality control and proper oversight are vital. When they manufactured in UK it was all well controlled. Distance makes it more difficult and more important to ensure quality is maintained. Also copy-cat manufacturing leads to problems for any company...

Me too. I've always found them to be brilliant in answering any queries & dealing with anything I needed. That's why I decided to buy shares in them some years ago. I know you're told not to do that but it's my MO and I'll stick with it... I haven't sold and I don't understand why the SP has fallen so much. Hope I'm right and this has just been an over-reaction.

Me also. Not having a good time recently - this has been one of my 'seemed like a good idea at the time' buys and I still think it ought to come good, but whether that's just wishful thinking...

You've always had to have cash in your ISA before you could deal, and a lot of people with smaller investment pots use their ISA account rather than nominee...

Really pleased with the latest news. I am invested in both Luceco & EAAS and believe them to be excellent companies which will both benefit from this latest development. Out of the doldrums and soon not be underwater, maybe?!

It's not the media that delight in takeovers. Ever since Thatcher took it that British companies being bought out was an indication that we were "open for business" rather than idiots who don't appreciate the value of what is being lost, we have had Governments happy to wave through takeovers of brilliant British companies as if there will always be more brilliant companies to replace them... Privatised utilities now owned by foreign interests, fantastic private companies being taken over in hostile bids and despite having legislation that should enable Government to stop takeovers that are against our national interest the raids and losses to the UK continue...

I doubt that Labour will be taking over NWB, but I think they might just let it continue without selling it off & let the dividends roll in. We have the worst Government & the worst politicians that we've ever had - and that's saying a helluva lot!!

If anyone is local & can get along, this sounds interesting... Maritime Heritage Talk: The Future of Shipbuilding on the Torridge
Join us for the next in a series of talks curated by Way of The Wharves on local maritime history. Tom Hart, General Manager of Harland & Wolff shipyard in Appledore, will discuss the reopening of the shipyard in 2020 and their current projects. Doors open at 6.15pm. Advance booking recommended. Cost: £5 includes a drink. Thursday 9 March, 6.30-7.30pm.

If anyone is local & can get along, this sounds interesting... Maritime Heritage Talk: The Future of Shipbuilding on the Torridge
Join us for the next in a series of talks curated by Way of The Wharves on local maritime history. Tom Hart, General Manager of Harland & Wolff shipyard in Appledore, will discuss the reopening of the shipyard in 2020 and their current projects. Doors open at 6.15pm. Advance booking recommended. Cost: £5 includes a drink. Thursday 9 March, 6.30-7.30pm.

I was responding toTeletim post of 13.31