Woolworths Share Discussion Threads

[fazersix] 09/3/2009 10:41

Davy99 - 8 Mar'09 - 22:51 - 5856 of 5857

Ok davy maybe it will be an invite for next christmas !

Just had email from my H sharedealing a/c - the stock notes are being transfered from self select isa funds to ordinary dealing account for some reason, strange as they are worthless.

Hardy wellworth moving them lol.

[loganair] 09/3/2009 10:13

Davy - Please, don't forget the YANKS with GMAC.... It was also the GMAC mortgages that causes so many problems for Bradford and Bingley, being in arrears more than double or even treble those of B&B.

[davy99] 08/3/2009 22:51

F6- If you get any new info. from Deloittes keep us updated-thanks

martin44- Yes a lot of people even close to the Board had a belief, didn't make any difference at the end of the day. Take Company Secretary Emma Thomas who bought 273,973 shares in October 2008, no doubt she expected Woolworths to survive & she should have been in the know regarding WLW's financial situation. What wasn't known was that the Irish bank (& GMAC) needed the money loaned back quickly.

[martin44] 08/3/2009 22:34

Davy99 - thanks for the previous update, still hoping as this was my largest investment and surely there must be a lot of the middle management of WLW who had a belief in the business and now have lost everything!?

[fazersix] 08/3/2009 21:06

Hi Davy99 - 8 Mar'09 - 20:40 - 5853 of 5853

That was another confirmation email from deloittes last week by the banks whipping boys lol.

[davy99] 08/3/2009 20:40

andrewlewis- Heard nothing further.

F6- Agreed.

[andrewlewis] 08/3/2009 08:11

Davy 99
Is there any movement that you might know of the sale of the remaining assets of WLW? Is Deloitte just coasting and picking up their fees. With all the companies going into administration there must be some way to find out what is happening to WLW.

Thanks for your help.

Also my sister in law has money in Jersey. I wonder if her money would be covered if the bank fails. I have feeling that it is not under UK law and the failure of the Icelandic banks left alot of people out of pocket.

[scotty tsquared] 06/3/2009 08:22

did I see it knotch up there for a second ???

[davy99] 05/3/2009 23:22

martin44-Some Woolies store Landlords had to pay a couple of grand to Woolies administrators to get their leases back, only then they can put them on the open market to sell.

[martin44] 05/3/2009 23:07

Davy99-our local WLW has now got a For Sale sign outside in the last 2 days why so long or has something happened?? Your thoughts interesting Thanks Martin

[sl33py] 05/3/2009 17:52

Lets put it to the vote,i am in favour of keeping it.

[scotty tsquared] 05/3/2009 16:23

does that mean this thread will disappear ???

[davy99] 03/3/2009 23:09

The Times

He indicated that the state-owned Channel 4 could buy out the BBC's commercial partners in UK TV, Virgin Media and 2 Entertain.

The latter is held by Deloitte, the administrators, after the collapse of Woolworths, its previous owner. To do this, Channel 4 would have to raise the money for holdings valued at £300million and £100 million respectively.

Full article:

[martin44] 03/3/2009 22:35

Still waiting to hear what our local Woolworths in Marlborough is going to be and as mentioned previously no for sale sign and I believe maybe becoming a large electrical shop of some type, a name mentioned is Robert Dyas but we will have to wait and see.... will keep you updated.

[davy99] 02/3/2009 17:46

loganair- You said it correctly.

[loganair] 02/3/2009 17:45

SL33PY - The banks in Woolies case BOI/GMAC needed cash and needed it fast. They have got their full amount back in only 6 weeks.

[sl33py] 02/3/2009 17:39

Why could'nt Deloittes have done something similiar for woolies.

[davy99] 27/2/2009 10:58

Liverpool based Shop Direct to reopen Woolworths in June

Feb 27 2009
by Tony McDonough

Liverpool Daily Post

THE Woolworths name will resume trading online this June, its new owner has told LDP Business.

Speke based Shop Direct Group's decision to bring back the century old high street name follows an online survey of potential customers about what they would like to buy.

The news comes as Shop Direct, formerly known as Littlewoods, files its latest accounts at Companies House.

Traditional Woolworths products to be sold through a new Woolworths website include toys and childrens clothes.

A confectionery service will be known as "Click and Mix".

Shop Direct bought the Woolworths name from its administrators earlier this year after the chain closed its high street doors to customers for the final time.

Shop Direct chief executive Mark Newton-Jones said: "We have been blown away by the response of the Woolworths customers.

"Over 400,000 have come to us through the website and we are getting brilliant information about what we should sell.

"We hope to go live in June and we will definitely go big on toys. We are also definitely going to do pick and mix, but we will call it click and mix."

Shop Direct has this week posted its latest annual report and accounts at Companies House.

The accounts show that the retailer made a loss before tax, for the year to April, 2008, of £148m, a more than four-fold increase on the £37.9m pre-tax loss in the previous year.

The company attributed the worsening position to an increase in one-off charges such as the writedown of property values and redundancy payments.

The year saw Shop Direct's first increase in total sales in more than a decade.

Mr Newton-Jones points to a rise in underlying trading profits, which more than doubled from £26.5m to £60.9m.

Shop Direct also reported continuing strong online sales growth. Boosted by a £20m media campaign, online sales are currently growing at an annual rate of 50%, even higher than the 35% seen prior to Christmas. Online sales now account for 55% of group sales.

The rapid online growth has off-set a sharp decline in Littlewoods traditional print catalogue business.

Two recent surveys by consultants CapGemini and online analysts IMRG both show a slowdown in online retail sales growth rates in the UK in recent months.

Mr Newton-Jones said: "While they were reporting sales slowing, we were seeing faster growth."

[davy99] 27/2/2009 10:33

Well the Conservatives can't make a worse job of it than the Labour lot ;-)

[scotty tsquared] 27/2/2009 10:28

Davy99, you are back 'Blue' again ?

;-)

[davy99] 27/2/2009 09:37

I always prefer films with happy endings. Don't see it with that one! 2Entertain will flourish under the BBC maybe JV with CH4 on 2Entertain.