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Old 21-01-2020, 12:31   #1661
jockosjungle
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Hard to be a customer, what a random selection of store locations. I'm wondering if all these sale and lease backs, renting, etc. is what is killing these companies long term. It's always owing money to landlords, etc.

I guess another nail in the coffin for the high street, they're trying to reverse the rot in Warrington by sticking in restaurants and a cinema, can see the high street maybe somewhere you go for entertainment, but not for shopping.
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Old 21-01-2020, 12:40   #1662
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I guess another nail in the coffin for the high street, they're trying to reverse the rot in Warrington by sticking in restaurants and a cinema, can see the high street maybe somewhere you go for entertainment, but not for shopping.
Hopefully the market / Times Square development will reinvigorate Bridge Street because its sad what has happened to it since the new Golden Square opened.

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Old 23-01-2020, 12:48   #1663
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Not sure where else to put this...

https://www.bbc.co.uk/news/business-51214824

Tesla now worth £100bn and the 2nd most valuable car manufacturer in the world. Never turned a profit, struggles to churn out a few cars and it's twice as valuable as GM.
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Old 23-01-2020, 16:19   #1664
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Stock prices are predictions of future performance, rather than past.

The shares are publicly traded so that’s the perceived value, you’re buying into the growth story.
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Old 29-01-2020, 21:42   #1665
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https://www.bbc.co.uk/news/business-51303905

Norton Motorcycles goes into administration

Another one bites the dust
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Old 29-01-2020, 23:10   #1666
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Not sure where else to put this...

https://www.bbc.co.uk/news/business-51214824

Tesla now worth £100bn and the 2nd most valuable car manufacturer in the world. Never turned a profit, struggles to churn out a few cars and it's twice as valuable as GM.
Profit margins on petrol and diesel cars are 1-2%. They make profit on car servicing, which has a colossal overhead. ICE car sales have stagnated in recent years. Their servicing model will collapse in the next decade when they will all HAVE to cease production on petrol and diesel and spend vast amounts of money retooling and scaling battery sourcing or development.

The Tesla Model 3 profit margin is 30%. Tesla are investing every penny in expansion, they aren't sitting on cash. So they can produce at similar scales to other automakers as soon as possible. Their expansion rate is 50% year on year. Which combined with the 30% profit on each car.. is staggering. Their charging network is MASSIVE and no one else can touch it. If they closed up car production tomorrow, they could press a switch and allow all cars to charge on it and they could then collect cash. They continue to invest in more location..

Plus these graphs speak for themselves..



SUV's constitute the majority of all car sales. Telsa is only a few months away from launching their Model Y SUV. They are 6 months ahead of schedule on that car. Despite the appearance of the Model 3 and Y being quite similar, they've massively reduced the production complexity on the model Y. It only has 6% of the wiring that the Model 3 has.

Tesla is a fantastic investment. They will be the Apple of the 2020's.
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Old 19-02-2020, 20:57   #1667
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https://www.bbc.co.uk/news/business-51559815

Axminster Carpets collapses into administration
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Old 04-03-2020, 22:15   #1668
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https://www.bbc.co.uk/news/business-51746564

Struggling airline Flybe 'set to collapse within hours'
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Old 05-03-2020, 18:56   #1669
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https://www.bbc.co.uk/news/business-51746564

Struggling airline Flybe 'set to collapse within hours'
It did overnight. Virgin never turned that around. They have never had good luck at domestic/short haul in the UK
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Old 10-03-2020, 09:34   #1670
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It did overnight. Virgin never turned that around. They have never had good luck at domestic/short haul in the UK

Virgin has always made its money from the premium prices in Upper Class.

Internal UK flights especially with the small planes Flybe used has never been economic as they have never charged the premium prices needed to cover their high cost base and cost per seat.

The likes of Ryanair, Easyjet and BA are flying much larger planes on routes like London to Scotland so much more profitable.
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Old 12-03-2020, 14:38   #1671
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Shopping centre owner Intu look like they are on the edge:

https://www.bbc.co.uk/news/business-51851791

Never heard of them, but they own at least two big ones. I should think they will struggle even more with what's going on right now, but looks like it might have only been a matter of time anyway.
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Old 17-03-2020, 12:05   #1672
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https://www.bbc.co.uk/news/business-51923295

Not in adminstration but carphonewarehouse are closing all standalone stores

Laura Ashley have filed for administration blaming the corona virus, not sure about that myself, its only been a week since people really started taking much notice, so they must have been on the brink anyway if they can't withstand a few days of slow trading, especially at this time of year when they won't be mega busy anyway.

https://www.bbc.co.uk/news/business-51927691
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Old 17-03-2020, 14:07   #1673
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Laura Ashley have been on the verge for a while, they had to get new funding to continue trading in February.

We'll see what financial measures the government announce this afternoon, whether they try to shore up companies like Lashley, or concentrate on smaller businesses.
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Old 17-03-2020, 14:39   #1674
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I imagine this thread will get a lot more posts in the coming months.
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Old 27-03-2020, 18:00   #1675
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Rent-to-own firm Brighthouse calls administrators

https://www.bbc.co.uk/news/business-52066303

every cloud....
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Old 27-03-2020, 18:32   #1676
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https://www.bbc.co.uk/news/business-52070151

Coronavirus: 2,000 jobs at risk as Carluccio's faces collapse

They have been on the edge for a long time now, so not a shock
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Old 27-03-2020, 18:38   #1677
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Yeh quite a few things have been limping along, anything on the restaurant sector I imagine won't survive unless there is someone stopping their rents.

Can't see the government bailing any of them out.
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Old 27-03-2020, 19:00   #1678
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https://www.bbc.co.uk/news/business-52070151

Coronavirus: 2,000 jobs at risk as Carluccio's faces collapse

They have been on the edge for a long time now, so not a shock
Crap. Love their 'nduja and balsamic vinegars... and now you can't order online from their website either.
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Old 27-03-2020, 20:02   #1679
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Chiquitos won't be reopening most of their places

https://www.theguardian.com/business...virus-lockdown
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Old 27-03-2020, 21:47   #1680
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Just an excuse I reckon, just to close non profitable restaurants, even before all this
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