-3x Short China Discussion Threads

[b1llyboy] 18/7/2011 21:28

So who's the white Knight?...........any guess's.

[b1llyboy] 18/7/2011 09:56

Never in doubt for me.

[warwick69] 18/7/2011 08:59

Apparently times article today says NHP will be making an announcement soon?

[warwick69] 18/7/2011 08:10

classic opportunity for Southern cross to hold the landlords to ransom i dont understand why they capitulated so easily?

[mavverick] 18/7/2011 07:07

Across Britain, the average "fee uplift" for 2011-12 will be just 0.3 per cent, the worst on record and "significantly below" the 2.8 per cent which experts believe is needed to keep pace with cost inflation in the sector.

It means care home operators will see a 2.5 per cent fall in their margins, and while some will be able to cope by cutting staff costs it could mean others go to the wall.

Laing & Buisson said "more operators of residential care homes for the elderly could be forced into administration thanks to ever-tightening margins".

[clarendon] 17/7/2011 21:21

Front page of the Sunday Times Business Section - looks a lot more positive than last weeks news.

[boffster] 17/7/2011 18:38

Rescue bid for Southern Cross



Can't find anymore detail at present

[mavverick] 13/7/2011 09:43

Southern Cross, the stricken care home group, was forced into announcing its wind-up this week by its former sister company and largest landlord, shareholders were told on Tuesday.

Southern Cross chairman Christopher Fisher told an investors' meeting that NHP – itself controlled by a string of banks – "pulled the rug" from under its tenant causing the firm to conclude last weekend that it would have to be broken up.

In a further exchange, when asked by one shareholder why the company had given up so early, Fisher replied: "We don't have the luxury of the option of open-ended uncertainty ...some [landlords] say what they don't mean. It's been a tightrope walk where we have sought careful advice about what we needed to disclose to the market."

[mavverick] 13/7/2011 09:35

'Burstow dismissed speculation that inexperienced companies would be able to take over operations and said only reputable and experienced companies would be approved.

"Until all future arrangements are settled, Southern Cross will continue to operate and provide care in all its homes," he said.

"It is only at the end of the process, when all transfer arrangements have been completed that Southern Cross will as an entity cease to exist." '

[simon cawkwell] 12/7/2011 20:17

2Bob Wilson,

How would you define capitalism for your purposes here disclosed?

SC

[boffster] 12/7/2011 20:06

"Never buy a companies shares if it has debt. Simples."

Congratulations, the daftest statement I've ever heard on this bb!

[5hakey] 12/7/2011 18:55

Put a order in for 1 million shares all day not filled are they short of stock or something even offered to buy at 10p

[woofwoof38] 12/7/2011 18:26

Never buy a companies shares if it has debt. Simples.

This has served me well over the years.

[selkirk69] 12/7/2011 18:05

The first rat has deserted...

[aspers] 12/7/2011 14:57

Uggly.....sold all my YELL at 5p at a big loss to average down in this!!! Life at times seems pretty unfair!!!

[essentialinvestor] 12/7/2011 13:20

The residential home sector is far from suffering in many cases.

Some of the smaller operators who own their freeholds and have a 2 or 3
star rating enjoy great occupancy - and are highly profitable.
Prvite payers will pay for quality, and some of the niche operators are
booming.

In terms of Bupa, my understanding is the medical insurance side of the
business is the tough market currently.
Increasing numbers of people are considering a self pay option, rather than face annnual premium increases considerably above inflation in some cases.
My subscription increased by about 17% this year as an example.

[uggly buggly] 12/7/2011 10:24

YELL is going to be the recovery share of 2011. Just announced a deal with microsoft today. Priced to go bust but it won't. 400m shorts have now to close. DYOR folks as I too have lost all on JRVS/LDP/IPM.

[pwhite73] 12/7/2011 08:36

Sorry to hear what has happened but the lesson to be learned is do not bottom fish.

Southern Cross
Woolworths
Carter
Connaught

Once the company announces trouble...STAY AWAY no matter how far the shares drop.

Now look carefully at your portfolio and ask yourself if you are holding any other stocks that have dropped sharply as a result of poor news.

[b1llyboy] 12/7/2011 01:40

Chipping Norton chess...........Check mate.

Cameron king......Brookes Queen..........Coulson Pawn.

[b1llyboy] 12/7/2011 01:12

Mon dieu une petit morceau pour votre delectation..........