Woolworths Share Discussion Threads

[fazersix] 19/2/2009 13:57

Davy loganair

One very important thing to add if we spoke this way in Sadams iraq we would probably been beheaded by now and sent 7 virgins for the weekend.

Would that be worthit !

[fazersix] 19/2/2009 13:52

Davy will take a look at that site but not so good at research and memory retention O dear.

Dont think its a conspiracy rather a planned action, IMO we can hear the whisperings of postive spin right now and Spin will be heating up by summer excuse the pun LOL.

A thought if i ever return to this planet in future years will come back a spin
doctor charging a pound a spin and that would be well worthit online !

[loganair] 19/2/2009 13:46

A quick lesson in banking.

The Federal Reserve is a private bank. The 10 Major shares holders include Rothchilds London, Rothchilds Berlin, Warburg Hamburg, Warburg Amsterdam, the Rockerfellas, Lehman Brothers.

Lehman brothers were taken-out, but who took there shares in the Fed?

Bank of America have taken-out Merrill Lynch and JP Morgan have taken-out Bear Stearns. Many of JP Morgans assests will be eventually traced back to being actually owned by the Rockerfellas

Lets go back to 1929. How come the likes of the Rothchilds, Rockerfellas, JP Morgan, the Warburgs all managed to sell out a couple of months before the crash. They managed to because they knew it was going to happen and they only knew it was going to happen because they planned it to happen.

Remember what these top bankers said to the USA politicians, Let us print your money and you can make any laws you like.

[davy99] 19/2/2009 13:34

F6- Do a search on Bilderberg if you like financial/Government conspiracies!

Loganair- It's EUK's goodwill that went down the pan when they let down their blue chip customers.

[fazersix] 19/2/2009 13:24

I hear a theory that as little as 5 people have a massive effect on the world economies, me being suspicious suspect many things are pre-planned as people dont matter and money does.

I like it to war if me or you sent troops we couldn't sleep at night with the enourmouse loss of life. Maybe i'm wrong but the world leaders couldnt sustain price rises any longer and its my belief we are here as planned, we now wait for positive spin to multiply for the feel good factor and return to spending.

IMO Gordon Brown only needed to guarantee Woolworths credit insurance so they didnt have to stock over 800 stores from their oun pockets in advance, plus woolworths must have given credit to companies they supplied goods to and had to wait for payment adding the to the financial pressures along with the credit crunch.

[loganair] 19/2/2009 13:17

Davy - Yes, the bankers did know and yes they did orchestrate and planned the whole finacial crisis as they did in 1907 and 1929. when I mean the bankers, I mean the likes of the Rothchilds and the Rockerfellas etc, not RBS and Barclays as they are only small fry, one of the tools the Rothchilds used.

The money lost by the many hasn't just disappeared in to thin air, it's gone some where.

It's all about the transfer of wealth from the middle-classes to the ultra weathly.

[loganair] 19/2/2009 13:09

Davy - EUK had a worth of £300m + debt if sold - "Deloittes can't give it away."

Value of EUK stock upon Deloittes entry......£135m
Value of EUK debtor's book, in the region of £120m

Total........................................£255m + some Goodwill

That is were the value of £300m came from.

So what did Deloittes actually get for EUK, may be in the region of £70m back from their debtors book (we know that Zavvi paid on £40m of the £70m they owed EUK) and £117m of EUK stock was transfered and most of it sold through Woolworths branches.

In the end deloittes has got in the region of £210m for EUK or about 2/3rds of it's value before administration.

[davy99] 19/2/2009 13:05

F6-Actually on the wider matter re fuel prices & the economy, I don't think anyone knew, it came as a big surprise to the Governments & bankers. That's why they all sat scratching their heads until Gordon Brown with a bit of help decided to nationalize the banks & pour money into them & the U.S. then did likewise.

(Yes Brown should have either nationalized Woolworths, or given a loan to new Management, if only to save Woolies jobs & the knock on effect on suppliers jobs.)

[fazersix] 19/2/2009 12:57

Davy nice work if you can get it plus charging landlords to view their properties, they sound a bit like arthure daley and co.

Bet if shareholders money was stacked onto creditors and deloittes bill it would come to a tidy sum.

Then add on the loss of a valuable business assets sold unders administration at knock down prices during credit crunch, it goes to show adminisration doesn't work durinh recession. O Gordon what have you done to the tax payers and the economy.

Davy imho all that has passed was pre planned by global big wigs to control inflation ie petrol houses etc, it certainly worked.

[davy99] 19/2/2009 12:43

F6- So they can carry on charging for another month, great if you're a Deloittes employee there!

[fazersix] 19/2/2009 12:37

Davy99 - 19 Feb'09 - 12:26 - 5772 of 5772


£2 £5 mil for bertrum just about cover deloittes monthly bill unless they reduced it as things wind down.

[davy99] 19/2/2009 12:26

loganair- Maybe you should be the one marketing Bertrams to prospective buyers. ;-)

As EUK was valued in the region of up to £300 million last year & Deloittes can't give it away after letting down EUK's main customers, I still think £2-£5 million is likely to be the selling region for Bertrams/THE.

[loganair] 19/2/2009 11:30

Davy - Don't forget to add the price tag of THE, therefore the combined cost to Woolworths of THE/Bertrams is in the region of £45m.

[davy99] 19/2/2009 10:20

loganair- Agree Bertrams is worth more. My pricing does not come from any inside source, but from the track record of administrators so far.

EUK according to reports I've seen paid £29 million for Bertrams in Jan. 2007, administrators seem to be getting between zero & 20% of the real value of assets. IMHO.

EUK paid £29m for Bertrams:


Readers comments interesting:

[fazersix] 19/2/2009 09:40

loganair - 19 Feb'09 - 09:33 - 5768 of 5768


Be a few more mils for deloittes 2009 christmas bash and new 4 x 4's lol !

While shareholders and creditors cancel their bash and downsize to fiat 500cc 4 x 4.

[loganair] 19/2/2009 09:33

It's a pity if Bertrams goes for as little as £5m, as THE/Betram is worth a good deal more and cost Woolworths £40m. If £2m-£5m is the price tag I'm surprised it hasn't already been sold.

By now, I would have thought Deloittes would have been reducing the size of their team dealing with Woolworths and therefore their fee per day will also be on the way down.

Anyway, neither of my comments will help us shareholders, but may be a few more £m's for the creditors.

[davy99] 19/2/2009 09:17

andrewlewis- Remaining assets only 2Entertain, Bertrams & stock being sold off at EUK. 2Entertain, BBC likely to pay in the region of £25-£50 million, Bertrams £2-£5 million, EUK stock being sold at a fraction of the cost. Deloittes are trying to sell these remaining assets but are in no hurry, remember their administration fee per day is very high.

[andrewlewis] 19/2/2009 08:40

Davy 99

We will ever know how much the remaining assets of WLW are worth and what Deloittes are doing about them?

[loganair] 18/2/2009 14:33

So one can say that GMAC/BOI & Barclays have also destroyed Zavvi by their action of bringing down Woolworths.

These bankers do not care and will never care about the social consequences of their actions. Money-Money-Money is all that matters to them.

[fazersix] 18/2/2009 13:30

Zavvi bites the dust !

[fazersix] 18/2/2009 13:19

teverish - 18 Feb'09 - 12:38 - 5760 of 5760

It take a bit of sinking in especially as all done hush hush !

Did you enter the group name rather than woolworth.co.uk ?

[davy99] 18/2/2009 13:16

All of Zavvi stores closing- seems Deloittes + Ernst & Young aren't getting a good track record on finding buyers for business in their administration, only selling a few shops.

[teverish] 18/2/2009 12:38

Actually an interesting addition has been made on the registration of EUK's trademark. It seems to suggest that any revenues from the name will go to GMAC.

"Pursuant to an agreement dated 30th January 2008 and made between the proprietorEntertainment UK Limited ("EUK") and others on one part and the grantee GMAC Commercial Finance PLC ("the Security Trustee") (Sovereign House, Church Street, Brighton, BN11 1SS) on the other part, EUK charges with full title guarantee in favour of the Security Trustee a first fixed charge and a first fixed floating charge in respect of all the trade marks listed at Attachment 1 ("the Trade Marks")and in respect of the benefits of any revenues or other income arising thereunder and any claims for damages arising in respect thereto (whether by reason of inringement or otherwise howsoever)."

[teverish] 18/2/2009 12:32

F6 - on the link you type in the trademark you want info on in the box marked 'text'. Under the Woolworths trademark you can already see that ownership has been transferred to Littlewoods. Chances are, this would have been visible before the news was even announced.