Woolworths Share Discussion Threads

[fazersix] 10/2/2009 16:20

I picked this up today which i dont beleive have a read.

Obviously IG Markets have been advised that there may be proceeds to come hence the deletion of the postition and the replacement in the 'open positions' section of the platform with 'woolworths proceeds'

It is the clearest signal yet that shareholders may get something. I had better not give up the day job though.

my feeling is expect nowt !

f6

[piperpeter] 09/2/2009 17:02

Am I correct in believing, HamsterApe, that talking of "amazing opportunities", "a fair few readers" may find it beneficial to have a good look at the Pre-Close Trading Update of Meridian Petroleum, released January 30 2009?

MRP?

Pp.

[hamsterape] 09/2/2009 16:46

I just think there's a fair few readers of these posts that
will be clinging on to a vague hope that some miracle will happen.

Delete the thread - good idea. That's closure.

You guys would do better focussing on all the amazing opportunities
in other shares instead of worrying about how incompetent management
and dodgy administrators may or may not have screwed us all on this
one.

I've been topping up on TW. (Taylor Wimpey) and buying the beaten up
banks for a recovery same as I did WLW. You don't need many long-shots
to make it to cover the odd complete write-off.

Good luck all, anyway.

[fazersix] 09/2/2009 14:24

loganair - 9 Feb'09 - 13:55 - 5704 of 5704 LOL thats one thing about woolies investors they all have good sence of humour.

Get comments similar on another site but how can some say stop posting then post themselves lol.

HamsterApe - maybe you should delete this thread and move on if it bothers you. good luck whatever !

f6

[loganair] 09/2/2009 13:55

Hamster - I know I'm not going to get a penny back. I post to let off steam and to vent my frustrations about Deloittes, the Banks and Woolies management, much cheaper then going to see a counsellor.

[uknighted] 09/2/2009 13:21

HamsterApe If people choose to post here then that is their prerogative, your prerogative is not to read the posts.
Regards

UK

[hamsterape] 09/2/2009 12:48

Can people stop posting here please - it's creating false hope for people.

I've lost my bet and that's the end - it has been stated several times now
that there's not nearly enough for creditors so there's definitely nothing
for shareholders. Finito! Caput!

I don't want to be reminded of it every day by seeing fresh posts that
contain no new or relevant information.

Curiously there is some hope for B&B shareholders to get compensation
and yet hardly anyone posts on that board so I don't know what it is with
you guys.

[davy99] 09/2/2009 12:18

andrewlewis- I think Deloittes have some form of bonus system from the Irish banks on getting back the full amount plus extra. Other than that not aware on any other incentives, except maybe their own fees can be higher if there's more in the pot by getting a higher amount from 2entertain. Deloittes administrators (Mr Khan) last heard negotiating with BBC Worldwide.

[andrewlewis] 09/2/2009 12:02

dAVY 99

What incentive is there for Deloitte to get the best price for the ongoing negotiations with the BBC. Who is doing the negotiating and where do the WLW directors come into this?

[westcoastrich] 08/2/2009 07:49

Royal Bank of Scotland to pay staff £1 billion in bonuses
The Royal Bank of Scotland (RBS) is proposing to pay close to £1 billion in bonuses to its staff, just months after it was rescued by a £20 billion taxpayer bail-out, The Sunday Telegraph can reveal.

By Mark Kleinman, City Editor and Patrick Hennessy, Political Editor
Last Updated: 11:04PM GMT 07 Feb 2009

The bank's board has begun discussions about the bonuses with UK Financial Investments (UKFI), the body set up by the Treasury to manage the Government's shareholdings in Britain's ailing banks.

The scale of the plan is likely to increase public anger as the recession deepens, and add to the frustration of ministers. It comes as Alistair Darling, the Chancellor, announces in The Sunday Telegraph today his plans for an independent review of the way banks are managed, including the bonus system.


WTF!!!

[detroit red] 07/2/2009 14:35

westcoastrich, salt in the wounds stuff.

[westcoastrich] 07/2/2009 10:33

ol post repeated


Woolworths landlords charged entry fees
30.01.09
By Laura Chesters

Administrator Deloitte asks for up to £200 an hour for access to stores

Landlords of Woolworths stores are outraged at lack of communication and fees charged by administrator Deloitte.

Deloitte is charging landlords up to £200 an hour to access shops vacated by the collapsed retailer.

Landlords have baulked at the costly and lengthy procedure, which will hit not just property companies but also pension funds and private investors who have bought single shops through auction.

Deloitte, with CB Richard Ellis and Jones Lang LaSalle, is working on selling as many leases to retailers as possible to raise money for creditors.

It has already agreed the sale of more than 200 shops and has further batches totalling more than 100 shops under offer that it hopes to release for premiums to other retailers. But it is also talking to landlords about surrendering shops that it cannot offload.

The administrator has written to some landlords and is charging £1,500 to surrender a lease. It is also charging as much as £200 an hour if the landlord wishes to inspect the property before the surrender to cover administrative costs to supply keys to the landlord.

Lord Oakeshott, Treasury, work and pensions spokesman for the Liberal Democrats and Property Week columnist, said: 'I think small landlords have been shabbily treated. They should have been notified about the situation instead of being met with a wall of silence.'

A Deloitte spokeswoman said:

'The administrators are in constant discussions with landlords and will try to effect a surrender as soon as possible. Negotiations are ongoing.'

Woolworths was one of the UK's largest-ever retail collapses, and left the future of 813 shops uncertain.

Talks have not ended to find a buyer for the brand and a small parcel of stores but the chances of this happening look more remote every day. Rents owed at most of Woolworths stores were late and some have not been paid.

More than 200 leases have been sold to rival retailers that have paid premiums. Frozen food retailer Iceland is thought to have paid more than £20m for 53 stores, for example. But some Woolworths stores have very high rents on long leases, making them unattractive to other retailers.

Last week the parent company, Woolworths Group, was placed into administration following the collapse of Woolworths and its DVD and CD wholesale arm, EUK.

[fazersix] 07/2/2009 09:53

30 JANUARY 09 REPEAT - THIS PROVES PEOPLE DONT MATTER ONLY MONEY NO MORALS !

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."

SUPPOSE DELOITTES WOULD PREFER TO THROW THE STOCK AWAY f6 !!!!!!!!!

[fazersix] 06/2/2009 23:12

Davy ditto lol !

[fazersix] 06/2/2009 23:11

Barclays -

[fazersix] 06/2/2009 20:25

Dont see how the senario below could ever happen now any thoughts ie re -included at 0p.


24 December 2008

Following the continued suspension of Woolworths Group PLC (UK), FTSE announces the following changes:

INDEX CHANGE EFFECTIVE FROM START OF TRADING:

FTSE All-Share Woolworths Group (UK 3073861) will be deleted at 0p on the -
30 December 2008.

FTSE All-Share Ex-Multinationals Woolworths Group will be deleted as above on 30 December 2008.


FTSE All-Small Woolworths Group will be deleted as above 30 December 2008.

FTSE Small Cap Woolworths Group will be deleted as above 30 December 2008.


Please Note:

In accordance with the FTSE ground rules, if a company is restored to trading on the Main Market, it will be Re-included in the FTSE Index at the Price At Which It Was Removed (ie. 0p).


The following FTSE indices are expected (based on the values on Wednesday 24 December 2008) to reflect the estimated index adjustment on Monday 29 December 2008, as detailed below:

FTSE All-Share (-0.03 index points)

[teverish] 06/2/2009 17:50

figured. Thanks Loganair. At least Xstrata has made me smile today.

[loganair] 06/2/2009 17:48

teverish - From Deloittes:

"Please note we cannot comment on the affairs of the Company prior to our appointment, but such matters are investigated as part of our statutory duties. Our findings are then reported to the Department for Business, Enterprise & Regulatory Reform, in a confidential report."

1). Report to Dep. for Business Enterprise who will no doubt do nothing.
2). No one will be found liable.
3). Shareholders get nothing as per usual.

[teverish] 06/2/2009 17:14

So, clutching at straws, but theoretically, if the company reports from last year prove inaccurate/misleading, and someone in power cared:

1. Who would do the investigating (FSA?)
2. Who would be liable?
3. Would shareholder compensation be theoretically possible, or has it ever happened before?

[loganair] 06/2/2009 16:49

f6 - In Woolies last set of accounts August 2008 showed nett assets of £235m, less than 3 months later when Deloittes were appointed administrators, Deloittes stated that Woolies had nett liabilities of £1.1 billion.

A change of over £1.3 billion in less than 3 months.

[fazersix] 06/2/2009 15:55

barclay twins.



------------------HOW COULD THIS POSSIBLY HAPPEN NOW RELIST@OP-----------------




Davy any thoughts on the link over it must be dead now no possibility imho !

[fazersix] 06/2/2009 12:38

SL33PY - Yeah agree same to you have a good one cheers.