Woolworths Share Discussion Threads

[davy99] 01/2/2009 21:29

F6 Wasn't it you that got an email from Deloittes to the effect that zero for shareholders?

[fazersix] 01/2/2009 21:00

Davy99 - yeah its strange how trends change good buddy lol we move home soon just took my cb to the tip was going to include my wlw share certs but thought i should hold on in case a miracle happens lol.

Interesting to know the outcome of the adminsitration (court order) put in place to stop creditors claiming further monies suppose most creditors have their claims in place.

Do you think this refers to shareholders we never seem to get a mention, it would be nice to hear officially from Deloittes we get nothing.

[davy99] 01/2/2009 19:39

F6- Off topic, yes the main mobile Amstrad CB was a CB901. CH14 in North London was where I & many others listened unless you were a trucker on CH19.

Think very few people use the CB bands now.

[fazersix] 01/2/2009 11:48

Davy - I remember amstrad having a CB radio in my van, cheap tacky other stations bleeding through from different frequencies, them were the days LOL.

[fazersix] 01/2/2009 11:29

WOOLWORTH BRAND NAME SOLD NEWS IMMINENT !

Published: 30 January 2009.

Woolworths administrator Deloitte is locked in talks to sell the brand


A deal for the purchase of the Woolworths brand is imminent, but Woolworths' former stores chief Tony Page's hopes to acquire the brand are dashed.

Woolworths administrator Deloitte is locked in talks this evening with an unknown buyer, with a deal likely to be secured this weekend.

Page had secured backing and made an offer to Deloitte two days ago for the Woolworths brand. However, he was told that another bidder had made a higher offer.

Page said: "I'm gutted. I wanted to re-open some stores, buy the remaining stock and save some of the jobs which have been lost."

He added: "I'm hugely deflated and just hope that whoever does buy the Woolworths brand will want to revive it in some way."

[fazersix] 01/2/2009 11:24

Sharewinner dont know how much they paid but assume its a loss on £12Mils paid in 2001.

[davy99] 01/2/2009 08:25

Yes good find F6.

Slightly off topic though Sir Alan does mention Woolworths stores he owns in passing, an interesting article about his mistakes & successes in his business build up.

[sharewinner2] 01/2/2009 08:07

Good find Fazersix - wonder how much they paid for it?

[fazersix] 31/1/2009 23:54

LITTLEWOODS BUYS LADYBIRD 1 FEBRUARY 2009 -

[hamsterape] 31/1/2009 10:37

Classic mistake us PIs make is to cut winners short and
hold on to losers too long so just make sure you hang on
to your Barc for five years plus. If they're paying progressive
dividends you could make ten times the 50p you paid.

[littlebro2] 30/1/2009 22:53

Ham28, I'm with you there. My losses on WLW have cost me more than I have ever made in shares. :(

Ho hum...if mgmnt had a clue, it could a shoulda woulda been great

[ham28] 30/1/2009 20:07

sharewinner2, I've also got IVE but not as big a position as here at Woolies, but I guess that's life. I was lucky with Barc, got in at 50p last week so can't complain too much. Also lately POG and AQP been very good to me, but still a long way off before I can recover my losses here at Woolies. GL to you and hope you recover some of your money back. :O)

[hamsterape] 30/1/2009 18:46

Sharewinner

You won't get anything back from WLW, realistically - not
without a very unlikely legal challenge. Even mr Nag acknowledges
that.

You might get some back from the others, perhaps - I don't
know the story with them.

Bradford & Bingley holders are expecting about 20p back
eventually. Politically I imagine it will be stalled as
long as possible, or at least until there is a bit of a
recovery in the markets.

[sharewinner2] 30/1/2009 16:21

Haven't looked at Barc, got in RBS last week at 15sp and got out today at 22sp. Like you if I see a retrace I may go back in. Got to just grab a profit while I can.

You enjoy your weekend also.

[davy99] 30/1/2009 16:17

sharewinner2- Feel for you, I know you're not alone in your position. Best to assume no return from WLW & be pleasantly surprised if there is any. Can't answer for your other shares. Looking at BARC once we see a decent retrace.
Have a good weekend.

[fazersix] 30/1/2009 13:38

ACORNOPTICAL - anarchy imo you feel like us all, we are all being fed information by the government spin doctors depressing us.

IMHO when they have done what they intended ie stop inflation rising house prices,fuel,gas elec and join the euro, they will be told to sell you the feel good factor.

Watch this window !

[davy99] 30/1/2009 13:33

An interesting article about Companies having their supplier insurance cover withdrawn. Some say the withdrawl of cover hastened or caused the downfall.

Most recent to have cover withdrawn, Focus DIY. Maybe they want Steve Johnson back there again!

[uknighted] 30/1/2009 13:11

In my opinion it was management's problem. Refer back to the "Going Concern" comment made by the auditors in the Interim Statement. They had identified a possible problem hence the comment.
Regards
UK

[uknighted] 30/1/2009 12:28

Acorn all financing deals such as this are always subject to regular reviews by the lenders. Normally certain objectives which have to be met for the loan to remain in place are incorporated into the agreement.
Regards
UK

[acornoptical] 30/1/2009 12:21

there were many reasons why i invested in woolies but the 2 main reasons were the nav and the fact they had secured finance till 2010 or so giving the then board time to turn the company around and extract shareholder value.well it appears from what is being said and published the nav was if anything optimistic and the finance deal was not as good as was infered with the banks being able to call it in at a moments notice.if any legal action is to be taken who will it be taken against delloites or the woolies board?i feel that there has been a lot of very strange deals being done the zavvi one being the most public.
on the news yesterday asda are opening 11 new shops any idea which units they have taken over?? if any were woolies stores have they paid a premium or got them straight from the landlords

[fazersix] 30/1/2009 12:06

Davy99 amazed so far no considersation for those loosing their jobs shareholder and notice Deloittes quiet about their charges to date plus Bank interest for woolies £385 mil loan last year.(penalties).

436.2 mil secured creditors debt, more than that should have been realised from the fire sale imo, plus bertram books Ent, Ladybird,chad valley.

There seems to be lots more wlw off shoots not in admin but for how long ?

Makes me wonder if its viable to carry on paying Deloittes Solicitor high charges while they try to sell off hundreds of leases within high street collapses credit crunch, started with deloittes christmas price war.

Ever thought where all the monies gone cos its home owners loosing most in property values not banks, they have repos and will come out winners.