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  #3441  
Old 23-05-2020, 07:49 AM
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Yes, you can't imagine a load of over 70's being keen on sitting on a coach for 8 hours nowadays

Couldn't think of anything worse before CV19 let alone after
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  #3442  
Old 23-05-2020, 08:02 AM
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LuieJack came here looking for the peace and quiet; the healthy air and the healthy dietLuieJack came here looking for the peace and quiet; the healthy air and the healthy dietLuieJack came here looking for the peace and quiet; the healthy air and the healthy dietLuieJack came here looking for the peace and quiet; the healthy air and the healthy dietLuieJack came here looking for the peace and quiet; the healthy air and the healthy dietLuieJack came here looking for the peace and quiet; the healthy air and the healthy dietLuieJack came here looking for the peace and quiet; the healthy air and the healthy dietLuieJack came here looking for the peace and quiet; the healthy air and the healthy dietLuieJack came here looking for the peace and quiet; the healthy air and the healthy dietLuieJack came here looking for the peace and quiet; the healthy air and the healthy dietLuieJack came here looking for the peace and quiet; the healthy air and the healthy diet
Hearing the news this morning that Hertz are on the verge if not already through the trap door is shocking if true, this along with other "giants" we have read that have recently gone to the wall does not bode well.
All of this happening before the real problems/effects that lay ahead for business when it eventually hits the fan is scary as to what lays ahead in the next few months.
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  #3443  
Old 23-05-2020, 09:25 AM
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Hertz confirmed
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  #3444  
Old 23-05-2020, 10:16 AM
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Hertz confirmed
I bet they were leveraged up to their eyeballs.
Once you can’t pay those massive leases with CF they’re totally dead in the water. Along with the rise of Uber.
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  #3445  
Old 23-05-2020, 10:53 AM
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$19 billion debt, apparently.
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  #3446  
Old 23-05-2020, 12:05 PM
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“Hertz's international operations in Europe, Australia and New Zealand as well as its franchised locations in the US are not affected.“

Yet.
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  #3447  
Old 23-05-2020, 02:17 PM
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$19 billion debt, apparently.
Holy sheeet
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  #3448  
Old 23-05-2020, 02:49 PM
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That Hertz a lot! (taken from the aj book of punnery)
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  #3449  
Old 23-05-2020, 03:39 PM
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A friend had to get to Italy in a hurry last week. Alitalia charged £700 return to Rome.
Anyone that travels to Italy now absolutely has to go. That’s the market.
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  #3450  
Old 23-05-2020, 03:40 PM
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That Hertz a lot! (taken from the aj book of punnery)
It can't be, as it works and is pithy.
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  #3451  
Old 24-05-2020, 12:30 PM
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Our own Jeremy Hosking has asked that Lloyd’s bank be wound up and capital returned to shareholders as it will never make money
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  #3452  
Old 24-05-2020, 12:49 PM
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Our own Jeremy Hosking has asked that Lloyd’s bank be wound up and capital returned to shareholders as it will never make money
Doesn't he run/own the hedge fund that shorts companies? I'm not sure you could ever believe anything a hedge fund owner claims, I'd probably suggest the opposite.
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  #3453  
Old 24-05-2020, 01:51 PM
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Our own Jeremy Hosking has asked that Lloyd’s bank be wound up and capital returned to shareholders as it will never make money
One of those fine upstanding people who make big profits from and by creating crises and suffering.

Regardless of what involvement he had in 2010, the world would be a better place without the likes of him. I’d take a dodgy sheik over him at palace any day.
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  #3454  
Old 24-05-2020, 04:16 PM
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Our own Jeremy Hosking has asked that Lloyd’s bank be wound up and capital returned to shareholders as it will never make money
More that he is narked that they are not paying out a dividend - poor little lamb.
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  #3455  
Old 24-05-2020, 04:29 PM
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Holy sheeet
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  #3456  
Old 24-05-2020, 05:43 PM
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Somehow, looking at the queues in the last few weeks I don’t think it will be Wilko’s or B&M that will be next to go under.
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  #3457  
Old 26-05-2020, 03:58 PM
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Just walked past a recently refurbed Carluccios that has now been closed with signage taken down.
Hard to believe over 2 years seeing them, Jamie’s and so many others fall.
I hope it sparks the return of the independent restaurant, but just can’t see anything changing until rents are reduced.
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  #3458  
Old 26-05-2020, 04:00 PM
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Its a combination of things, really. It's rents, it's rates and it's the terrible corporate structures. They are all owned by hugely geared Private Equity structures which left them totally incapable of financing any downturn.
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  #3459  
Old 26-05-2020, 05:22 PM
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More that he is narked that they are not paying out a dividend - poor little lamb.
What a f*cking shame..
He'll have to sell a steam engine or hotel.
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  #3460  
Old 26-05-2020, 05:33 PM
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Its a combination of things, really. It's rents, it's rates and it's the terrible corporate structures. They are all owned by hugely geared Private Equity structures which left them totally incapable of financing any downturn.
I disagree with this, the corporate structure is simply set up for tax efficiency. PE just want to buy and build and then get out.
As for why they have failed, I don’t think it’s all down to the PE owners, there has been a step change in consumer habits and the rent/rates issue is most prevalent. Just seeing another failure on the high st is disconcerting.
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