Woolworths Share Discussion Threads

[littlebro2] 15/3/2009 21:39

Ireland is in trouble, thats for sure. Biggest asset bubble with suffer the biggest asset burst.

Again, anyone know what happened to SJ? Where is he now?

[fazersix] 15/3/2009 14:06

loganair - 15 Mar'09 - 13:45 - 5881 of 5881

100% where all stitched up and put to graze licking our wounds with empty pockets.

imo the irsh banks will get a good bite back very soon.

[fazersix] 15/3/2009 11:59

andrewlewis - 15 Mar'09 - 07:52 - 5878 of 5879

imo deloittes will have all angles covered by their lawyers and at the end of the day it was the Bankers selfishly finished woolies business off.

the strange thing is woolies where showing a small profit the previous tax year.

imo the Bankers action will bite them back big time in due course.

[andrewlewis] 15/3/2009 07:52

Davy 99

Is there anyway we can challenge Deloitte's appraisal of no money for the shareholders. What is the Government body that regulates Administrators or is it just a free for all. When Mandelson said no to financing WLW's debt to the banks, he signed the deathnell for the company. While giving the Banks Billions to shore up their pension funds. Any thoughts?

[fazersix] 14/3/2009 01:11

LittleBro2 - 14 Mar'09 - 00:25 - 5876 of 5876

You put that in a nut shell imho it will come back and bite the bankers with vengance !

[littlebro2] 14/3/2009 00:25

Bankers wanted their money, saw WLW was asset rich, running up to Christmas and basically ruined a business that could have worked in the name of getting their money back.

They succeeded. Succeeded in getting their money back, succeeded in losing thousands of jobs, writting off hundreds of millions of pounds of value, millions in shareholders holdings and providing needless and unchecked amounts of work for DoLittle's.

Sickening. Will anything come of it or will anyone have to answer for it? Absolutely no chance. Scandellous. It should be criminal IMO.

Out of interest, what happened to SJ?

[fazersix] 13/3/2009 15:04

SL33PY - 13 Mar'09 - 14:56 - 5873 of 5873

Rogue Bankers IMO as usual out for themseves f--- everyone else !

They made mega bucks from woolies to boot.

[sl33py] 13/3/2009 14:56

It's amazing the way it has disappeared so quickly.One blip and it has just gone.

[davy99] 13/3/2009 12:55

dutch2- Agree with F6. Nil chance as I see it.

[fazersix] 13/3/2009 12:05

dutch2 - 13 Mar'09 - 10:29 - 5870 of 5870

I would say yes deloittes sent me an email saying nothing remaining for shareholders in this case (Quote).

Think after deloittes banks courts and solicitors have milked it dry we have no chance, not forgetting shareholders are last in line to receive any money back.

It amazes me where all the monies gone when woolies where showing a small profit the previous tax year, i feel sure this bad act carried out by the the Bank will come back and bite them in the ass,

Good luck with any others.

[dutch2] 13/3/2009 10:29

Davy99 - the de-listing of WLW shares...is this final nail in the coffin,
for us shareholder's ? what % chance do we for any returns on our shareholding?

[westcoastrich] 13/3/2009 00:48

More public misfeasance by Deloittes. They are publicly liable i feel.



LOUGHTON: Woolworths staff leave hundreds at risk of fraud
6:31pm Monday 9th February 2009

By Emily Roberts »

BANK details for hundreds of Woolworths customers could now be in the hands of fraudsters after staff at a local branch dumped till receipts in a skip.

Staff at the former Woolworths store, in Loughton High Road, failed to shred confidential papers and instead threw them out with the rubbish just weeks before the shop closed down.

Receipts thrown out contained signatures, full bank account numbers and expiry dates which experts have said could easily be used to sell people's identity online.

ID security expert Dave Whitelegg said the blunder was "totally and utterly unacceptable."

He added: "All retailers have a legal obligation to make sure that customers' personal information is stored correctly, or thoroughly destroyed. That Woolworths failed to do this is totally and utterly unacceptable. If these receipts fell into the hands of scammers, those customers' accounts could easily have been maxed out already."

Under data protection laws, customers' receipts and other financial documents must be destroyed or stored securely to prevent them falling into the wrong hands.

The bundle of 58 receipts was found by a member of the public who handed them into police, but it is thought that hundreds more from the same site could have already reached the black market.

Mr Whitelegg said the receipts would sell for up to £10 each on the black market, usually via websites known as 'dumping grounds'.

Scammers use the receipts to glean as much personal information about the victim as possible, including their full name, address and date of birth.

They are then able to clone bank cards to withdraw cash, make online payments and even order new birth certificates and driving licenses.

The receipts have now been passed to the Information Commissioner's Office, an independent authority set up to protect personal information, which has launched an investigation.

[puszta] 12/3/2009 19:05

Davy99......fazersix
Thanks

[fazersix] 12/3/2009 09:36

puszta - 12 Mar'09 - 00:02 - 5865 of 5866

I get corporate action from the halifax, i log onto my account read any requests and deal with them accordingly.

Example had one a few days ago stating woolworths had been removed from the footsie and no longer apppear in the listings so that was the corporate action just to read it !

[davy99] 12/3/2009 08:54

puszta-Suggest you phone selftrade.

[puszta] 12/3/2009 00:02

Davy99........just got E-mail from selftrade

CORPORATE ACTION
WLW
Action type:Scheme of arrangement
Ratio: 01.01

What is it davy,don't understand it
Entitlement same as holdings,200,000
Do i have to pay for them again? They are worthless!!!!

Thanks davy

[davy99] 11/3/2009 20:00

SL33PY- Can't help you much. Here's the link to the new financing announcement early 2008. assume meant to be more favourable than the old lenders.

[scotty tsquared] 11/3/2009 16:50

Wellies !

99 weeks ???

[sl33py] 11/3/2009 12:56

Davy:Do you have any background on woolies involvement with BOI/GMAC ,why did woolies go that route for banking facilities,who was there previous bankers.
Tia

[bigface] 10/3/2009 19:08

icing on the cake having to pay to delist my wlw "shares" - Hope Shop Direct enjoy trying to make money with a dead duck brand that is Woolworthless

[martin44] 10/3/2009 19:04

Davy99- thanks for the update re Co. Secretary that is approx half of my holding size purchased when the pricing was still higher!!!!

[davy99] 09/3/2009 15:35

loganair-ok amended the above post for you :-)

F6- Yes I expect Deloittes will still be making a fortune next Christmas.