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Today's run has now been uploaded.|
|great site charlie , very useful|
|If you want some ideas to investigate for your potential next trade based on charts then take a look at my site.
It's free to use but please read the 'Disclaimer' first though by clicking on the 6th rightmost icon.
If you have any questions about the site, you can post them here and I will endeavour to answer them.|
|I don't know about previous liquidations...? but I do know of "the suppliers they have stuffed" with their silly buying policy and their unique way of rectifying their own mistakes.
I wasn't one of them, I hasten to add...|
|They built it and destroyed it and gained all along the way, so no need to worry about them but think of all the suppliers they have stuffed with previous liqudations. I am sure that will at least have some pleasure in seeing them going the same way.|
|from the website
Directors and Family 66,341,549 32.06%
Not schadenfreude, or worse..... just thinking back a few years.|
Clinton Cards sold to US firm American Greetings
If they are still there, it will be interesting to see how Don, Clinton and Debbie adapt to being told what to do for a change....
and are they wiped out?|
looks like many followed your strategic advise and did exactly that .. :-)
.. shame the overpaid and useless CEO did not come to head the
strategic review !!|
|As someone who is currently out of work I feel really sorry for the substantial percentage of their workforce who are going to loose their jobs.|
|Brilliant News .!! priced themselves out of business.. fat cat salaries for the bosses ........|
|This has been on the cards for a very long time. Other chains have killed this with cheaper product offerings. 99p type stores help put the nails in as well.
Hard times ahead for all the employees.|
|now in admin. per BBC breaking news..|
|they must have 35 million of debt bought back plus what they are owed prob
plus £100 million plus i think they are stakeholders anyway along with carte blanche|
|they'll not get any lending facilities so hope AG have big pockets..|
|This is all part of the master plan ag which supply clintons is there largest
supply into the uk they will not want to loose that.
1. clintons wanted to go private
2.clintons wanted to close birthdays
3.clintons wanted to close loss making clintons shops
5.clintons will continue and go on to make a proffit with the support of ag carte blanche etc but without all above|
|zztop -and thats just for a small kiosk....|
|city center shop £50k per month|
|empirestate 23 Dec'08 - 14:37 - 18 of 416
Looks like Panic or not, it's over.
Woodsman, I agree - restructure the business into a smaller more efficient business, however the question will always be for how long.
Clinton may be better following Star buck models offering their cards in other shops i.e WHSmith etc like the coffee guys do, reducing their own outlay while still making some money, in a shrinking market.|
|Just to clarify, they have not bought the business for £0 or for £35m. What they have done is bought some of the debt for a price, lets assume for the sake of argument, 50% of £35m = £17.5m.
As the loans have technical breaches, AG can default the loans and call in the administrators. Obviously the banks could have called in the loans themselves so my guess is that this is a defensive move by AG - either to protect whatever investment in terms of stock etc they have in the business, or to protect an important market for them. I expect they will use the administration to renegotiate the leases on a chunk and run the business as a newco, from of old debts etc.
Clearly some people still buy cards from stores and are happy to pay the asking price - so its just a question of getting the cost structure right.|
but they certainly wouldn't have bought the "biz for nothng"|
p o n a
Congratulations you have seen through the retail con.|
|when cards cost 20p wholesale how they had the nerve to sell them at £4.00 is beyond me, I refused to pay their prices as have virtually the whole country now..|
|P O N A 9 May'12 - 08:38 - 404 of 411
"looks like americnan greetings has nicked the biz for nothng"
not really.... more like for c.£35m
Ho Ho , do you think they bought the debt at face value? Think again|