-3x Short China Discussion Threads

[b1llyboy] 11/7/2011 23:47

Mav............

Certainly will be interesting to watch this pan out.
So much for the tenants.LL's have certainly gone after SCHE.
My money is on Mr Patel.

Where does it leave Barclays & Lloyds no mention of the debt,can't see them standing by as this gets carved up.

NHP is owned by the QATARI sovereign wealth fund-property arm.

The knives are being sharpened........"read all about it".............could this really be the death of Rupert Murdoch........Brown trouser time.

A few more twists and turns in this "a summer's tale" for sure.

"Tout alors une menage a quatre"

Poor Gaspard.

[mavverick] 11/7/2011 23:01

I'm not at all sure that some of the landlords without operational care portfolios will understand the complexities/responsibilities they are taking on.

They will not have the external care home management expertise or back office support as jb indicates, to deliver on meeting/responding to, adequately, ongoing care regulator and commissioner contractual requirements.

This may well backfire a bit in the medium term in some care homes and particularly when internal care home managers are not very competent, or when good managers leave.

They will need external support with Training, HR, payroll, care systems, catering/nursing support,QA, legal support, responding to regulator requirements/reccommendations, etc etc

I can see some LL's care homes medium term ending up embargoed with an inability to respond effectively to regulator/commissioner concerns, often arising from family complaints, and the more frequent regulator inspections. So there is a risk they are taking.

JB has conceded, earlier than i thought in the 4 month summer break, over to you LL's, (so clearly LL's did not like the SC deals on the table) if you want the care homes, then get on with it! Will any take fright and have a rethink that they are taking on operationally more than they can chew? Its not impossible.
I'm out of touch but presume they will also have to prove they have the competence/expertise etc for the regulator to reregister them/the care homes.
As JB said ...'although still subject to the possibility of further change...'

[johndee] 11/7/2011 22:55

Another Tamaris. I held Tamaris shares.

Southern Cross Healthcare to close as landlords take back care ...
www.thisismoney.co.uk/.../Southern-Cross-Healthcare-close-landlords-care-...
11 Jul 2011 – Southern Cross Healthcare in Darlington: The firm announced the closure of its .... NOTE In 2001 Tamaris PLC went bust citing the exact problems which ... are going to the Caymans so they do not have to pay UK taxes. ...

[uggly buggly] 11/7/2011 21:49

Been in and out of this share for years, mainly losing. Last time was out at 17p after taking a drubbing. I liked it for some reason and feel for current holders. Another triumph for the shorts.

[aspers] 11/7/2011 21:44

I would not be at all surprised to see Mr Buchan returning again under the guise of "Phoenix" care homes!!!!!!!

[b1llyboy] 11/7/2011 20:58

What about Henderson............ someone's in the proverbial.

If NHP & L&G leg it too,it's going to be very difficult to sell this sector in the future to investors.

The model is well and truly borked, if NHP and L&G go the way of small LL's.

They could well be making a rod for their own backs.

I wonder if Henderson were the patsy......to stop us selling.

[b1llyboy] 11/7/2011 20:37

There is still conflicting views on the final decision/direction from NHP & L&R.

[mavverick] 11/7/2011 19:43

another sensitive respectful post..this time from Greater things are yet to come

[shareho1der] 11/7/2011 19:10

VERY SORRY FOR YOU HERE

[fiat lux] 11/7/2011 18:16

This is a classic example of corporate greed and empire building.

The sell and lease back decision was catastrophic and the purest example of absolute and immoral greed

I hope that dealy fella has not lost a ton

very depressing

[boffster] 11/7/2011 16:51

Billyboy, just ignore him. There are a few sad individuals who stalk these boards looking to prey on other's misfortune. Needless to say they never lose a penny on any investment they ever make. Don't give him the justification he craves.

[b1llyboy] 11/7/2011 16:24

Greater..........

it was always a punt here for me money I could well afford to loose, after doubling my money in BLVN from 180 to 360 January.

Never gamble money you can't afford to loose.

My postings were well in line with prevailing sentiment at the time.

3K from 20K was well do-able at the potential upside here.

I was not suckered in but made a straight forward punt.FYI i paid 6.5p.

I'm sure Aurelian will no doubt get me my little 3K punt back.

My type? what someone who pays for a live stream and actually has money to play with.

I also have a small 3K punt in REM @0.5p if your interested in my PF.

Nobody could have called before today.

I did enjoy the hunt,looked good for a bit,first time i have been on a complete duster..........but hey-ho,next time.

[aspers] 11/7/2011 14:58

STUD......yes did OK on RAY and to be honest had the same mind set here...I convinced myself that they would be taken over or survive whatever.....gladly my investment in RRR increased 10 fold last november and chose to sell my stake at the top....so as they say easy come easy go but to be honest I reckon Mr Buchan has not lost what we have!!!!!

[mavverick] 11/7/2011 14:43

sensitive respectful post from Essential Investor

[induna123] 11/7/2011 14:22

Did anybody listen to the CEO of SCHE Jamie Buchan on BBC Radio fivelive an hour ago? The presenter asked him what will Southern Cross do after the "orderly handover". He didn't answer the question.

[stud-muffin] 11/7/2011 13:17

I am surprised Aspers had as much dough ploughed into here as he did.

Raymarine - you took a big risk and it played out well, are you doing what all lucky gamblers do and giving it all back to the house?

I hope no one lost more than can manage to forget about - truly a telling reminder of how some companies lie and spin thir way to oblivion.

[essentialinvestor] 11/7/2011 13:13

prhc, residential care has become much tougher, social care - not really.
Plenty making very nice returns on Home Care - just look at Mears as one example.

I thought the tone used by certain posters in describing the eldery and vunerable was highly disrepctful, to those people - I am glad you have lost your investment.

Hopefully my posting over the last 18 months made some decent people think twice - the end.

[boffster] 11/7/2011 11:06

Yup, you could argue that buying SCHE just lately has been akin to paying a voluntary tax.. well they need to find another cash cow to bridge the gap now.

[rob444] 11/7/2011 10:34

£33k of life savings wiped away feeling sick