Joules Share Discussion Threads

[debsdowner] 14/11/2022 15:49

Update from BBC

[debsdowner] 14/11/2022 15:42

According to Belfast Telegrah Tom Joule says he hopes the brand will survive and admin will proetct CREDITORS !!!

However as he knows creditirs come before shareholders.

If you were NEXT or FRASERS which SKY news could be interested in brands you would sell Head office to save costs, but as the buiding has not been up long it may not bring in as much at it cost to build but whoever is interested in the company will not want all the stores if any.

[debsdowner] 14/11/2022 15:33

Tom Joul had 24 million shares in the company at one time they were worth tens of millions he will be competely sick at the current situation but if he wasn't prepared to dish up money then the company wans't profitable.

[debsdowner] 14/11/2022 15:24

Blackhorse, ASOS, BooHoo, M&S, Frasers, NEXT would all be interested in the brands and maybe the Head office, possibly a few shops but I suspect most of the 1.600 workers will face redundancy.

Guitar4Stars I did warn you to avoid you should have looked at my track record particularly Debenhams.

As for Assets the main assets will be heaf office the stores will probably be on leases so they arent worth a light.

But Barclays have a charge on head office.

The only other assets will be brands, MARKS picked up Jaefer up for about £5 million.

Then there is stock which is worth what they can get at the moment but it baybe stock gets sold of at near cost the company is still losing money,

Now so far as shareholders are concerned they are back of the que in most cases when a co goes into admin shareholders get nothing.

You will probably now by the end of the m0nth but my feeling is there will be nothing left here this is why NEXT walked ago, the company didn't give NEXT the information they wanted that suggests they were in a deep hole at the time and not making money.

If the company was making money the co would have accepted a bridging loan from founder.

[blackhorse23] 14/11/2022 14:00

I agree with you , it was bad management , i don't think shareholders will get any penny after paid of all cost , there is no surplus

[debsdowner] 14/11/2022 13:04

Managemenr to blame here not being upfront imo as to whether the company was still losing money .

Market cap before suspension circa £10 million add on £26 million of borrowings - £36 million but what was the company worth if it was losing money?

Zilch !

[debsdowner] 14/11/2022 13:01

YM

Joules failed to move with the times update from Mail



Continued Sales a red flag as YM says and regardless of Christmas Joules almost had a continual sale on when M&S had few sales.

So what you get is customers won't buy until prices get cut not a good way to conduct business and margins collapse.

It isn't the first time Joules has dont 50% and 70% sale and the company cannot make money with those discounts.

It is a sad state of affirs but predictable I warned potential investors not to buy.

[blackhorse23] 14/11/2022 12:56

I sold here ages ago & invested in CURY (LSE) which is rewarding

[blackhorse23] 14/11/2022 12:55

How many people loss investment in here ? Clue was here few months ago , this company is going bust ?? I told before & some people gave me bad answer? Now reality , company financial was in bad shape

[yieldmonkey] 14/11/2022 12:46

Back in my investment banking days, retailers normally called in the receivers between xmas and new year as such a high % of sales was made at Xmas. So in effect they run the business for cash, liquidating stock and not ordering any more (or unable to get the trade credit)

So Joules has performed particularly badly to go pop in early November.

If anyone is invested in Retail - keep an eye open for big discounts/sales in the run up to Xmas - big red flag IMHO.

[1madasafish] 14/11/2022 12:37

Yes but only from the receiver. The business needs resetting. Online, choice profitable stores and through concessions I think they are called ? The retail market has changed and their model doesn't work anymore imo

[tomboyb] 14/11/2022 12:32

The founder could probably pick up the whole thing for less than the bridge loan-

[debsdowner] 14/11/2022 12:19

Joules will get worse by the day as some people wont like to buy online in case they cannot get their goods and there will be many interested in buying will wait for the company to havee a closing down SALE.

Its the end of the road for Joules even the founder couldn't rik a bridging loan !

[debsdowner] 14/11/2022 12:00

Joules management should have warned shareholders if they went down CVA route there would be nothing left for shareholders which I warned about a number of times.

I bet the car dealer not too happy as he may see his 9% go up in smoke and maybe his stake worth more than a £1 million as he held before he increased his stake.

[debsdowner] 14/11/2022 11:33

Next time investors who are intrerested in a retailer ask my advice I called Debenhams down at least 12 months before they hit the wall.

[debsdowner] 14/11/2022 11:31

Looks like if someone could have stumped up £25 million they could have bought the company but it looks to me like it was still loss making hence no one could get the finance.

As for the car dealer like you say Crazy he even was taken round the head office what was the company thinking of when they must have known the company was losing money.

I did also question the profit warnings comming along like London Red Busses I had lost complete trust in management.

A lot of the stuff was overpriced and I know because I bought some of the stuff but only when it was discounted but some of the woolen jumpers of poor quality for the money.

[1madasafish] 14/11/2022 11:19

God knows what he was thinking of ? A successful guy doing a bit of trading decided the shares were cheap. Yes they were buy cheap doesn't mean you should chuck £1m at it. Another guy on here claimed to have bought 1.7m shares at around 9p-10p. Crazy

[debsdowner] 14/11/2022 11:06

SKY says therw will be plenty of offers to buy the brands but not much appetite to take on all the staff



Frasers group look to be closing on Gieves & Hawkes and maybe they will buy the brands, MARKS and NEXT will also be interested but it's the end of the road for Joules imo and the founder will be pig sick no way can he get finance imo unless he can do a pre-pack as a last resort.

[debsdowner] 14/11/2022 10:26

Full story Guardian



I did warn on the last statement that the borrowings had risen you couldnt have had a bigger RED FLAG and shocked some investors kept buying there will be nothing left for shareholders ZILCH.

Barclays will want their money back and I also warned time and time again it was difficult to get finance in these markets.

Thicko car dealer thought he knew more than me LOL.

[1madasafish] 14/11/2022 10:05

If they do go I'm fairly sure Ashley will be waiting as I said weeks ago

[1madasafish] 14/11/2022 10:04

https://www.share-talk.com/breaking-joules-and-the-garden-trading-company-on-brink-of-collapse/

[bspgamer] 14/11/2022 09:49

Teatum was invited to see the board days after buying stock. Maybe he's buying the company!!

[tomboyb] 14/11/2022 09:45

Pick em up off receiver -

[debsdowner] 14/11/2022 09:36

Founder not prepared to provide a bridging loan, debts were evidenctly climbing and co not making money.

You cannot make money with 70% off !!!