Mothercare Share Discussion Threads

[fenners66] 16/3/2018 23:50

So what?

A lot of Football teams lost at the weekend - not just West Brom.....

[dealy] 16/3/2018 15:53

A lot of small caps are being hit today. Not just retail

[fenners66] 16/3/2018 15:22

Or should that be my 486 and I agree....

[fenners66] 16/3/2018 15:22

Me and my 486 computer agree...

[loganair] 16/3/2018 15:17

All I'm saying is if one acts practically and rationally in stead of emotionally very quickly one can save enough to put down a decent deposit on a house.

Buying the second car £6,000, parking the car in the car park all day £1,000 per year, maintenance, insurance etc on the second car £1,000 per year, therefore in the first year one has spent £8,000 which could have been put towards a deposit for a house.

One deosn't need to buy the latest iphone x, a much cheaper iphone 5 will do just as well, no real need for netflix or sky sports etc will save a further £3,000 per year.

A guy and a girl in their first year together have already spent £11,000 less then they may have done.

[loganair] 16/3/2018 15:03

debs - not quite what I was saying, as soon as I was qualified I left home and rented, I didn't go out pubbing and clubbing and the such like. With in 3 years I had saved enough to put down a 25% deposit on my first house.

I married, we had one family car etc and when we sold our first house and bought our family home we had saved enough to put down a 50% deposit. Any time we had any spare cash, I popped to the bank and reduced our mortgage. with in 3 years we had already paid 25% of our mortgage off and just 5 years after taking out of mortgage it was completely paid off. Now being in a debt free financially sound position we started taking holidays and decided to have children etc.

[debsdowner] 16/3/2018 14:48

log

U are probably right if they were determined and saved more and lived with mum and dad longer they could indeed get on the property ladder. Too many pressures in our materialistic and capitalist system.

[debsdowner] 16/3/2018 14:35

log

Also there is more pressure on household finance now, kids didn't have mobile phones then!

One has only to look at the difficulty young people trying to get on the property ladder home ownership fallen, Joe Public having to rent.

[loganair] 16/3/2018 14:27

dealy - It makes sense to me as to get to full employment many of these jobs are low pay - low productivity jobs.

In the 1960's and 1970's a man worked 40 hours a week and earned enough to provide for his family. Today, a man works 48 hours while the wife works 30 hours per week, a total of 78 hours per week and still they no longer earn enough to provide for their family.

[dealy] 16/3/2018 14:13

Is it realistic that despite full employment consumers are broke ? Makes no sense

[debsdowner] 16/3/2018 14:08

This does not look good the High street in a terrible place at the moment. The more the share price slips the harder to raise money without huge dilution little wonder the share price keeps falling.

Cousins warned of weak sales yesterday, consumers cutting back on even soap does not bode well for any retailer.

Consumers are over borrowed take home pay shrinking despite all the pumping by the government that the UK economy is doing OK.

[loganair] 16/3/2018 12:11

carpertright now very seriously considering a CVA.

As we're very close to the end of the current Bull cycle I do not think the banks have much appetite for taking on and rolling over loans for the retailers who have waver thin margins and profits that are covering no more then the interest payments on their loans.

[discodave4] 15/3/2018 22:02

ps you should change your name to TerminalBS.

[terminated] 15/3/2018 21:52

You should change your name to TediousDave.

[terminated] 15/3/2018 21:37

Yea i renember woolies well, it was a very unique climate with banks facing a capital crises and they should never have been treated so unfairly.

[loganair] 15/3/2018 16:35

When Woolies went under they had posted a profit of £28mln and for the up an coming year forecasted a profit of £32mln and yet they still went bust - Why because the banks would no longer roll over their loans.

[fenners66] 15/3/2018 13:58

The credit market for retailers is tightening.

Toys R US world wide - gone.

Claires Accessories on the edge

Maplin gone.

There will be a reluctance for bankers to extend more credit...

[terminated] 15/3/2018 13:52

OMG DD. They (the directors) stated on more than one occasion that those cost savings would not come online until second half of year, hence why they will not affect EOY forecasts. If they could turn in a profit next year of close to 8m (just from cost savings and assuming another stagnent year) then many would agree they would double from its current valuation. Of course I don't have a crystal ball and it is assuming those projected cost savings come true and arn't wiped out by possible losses from the other divisions.

It's in the report, you are free to read it.