Turbulence21 Apr 2018 01:00
Yes Radar the wind here is something else - it's blown out our boiler three times up to now - we are still chasing property here, which is really quite scarce.
Bit like the profits that some our very highly geared hopefuls like Debenhams and House of Fraser et al, are failing to make.
No freehold asset - paying high rents - and paying the "living wage" whilst trying to compete with a SINGLE STOCK CENTRE which is achieving, most probably, a higher stock turn from better monitored stock movements.
The asset strippers made their money in the good times, when they sold off freeholds to the institutions and did wonderful things with their employees pension funds. The institutions must wish now that they had never seen them, as will be the case when the present U. S. vultures having finished destroying Avoca Woolen Mills. I am just amazed that they are still able to get away with it - when their tactics are so blatant.
Still, at least we now have fine weather here at last and the primroses are in bloom, had a very pleasant visit yesterday to the Castlewellan Arboretum and gardens.
Good luck all.