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  1. Laffy
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  3. 20-03-2017 12:23
Looks like they have made a loan to the 1921 company-registered at Companies House.
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£313 profit

1 minute to login
1 minute to transfer money
1 minute to clock buy
Wait 2 hours
1 minute to click end trade
1 minute to transfer all into isa
  1. 09-11-2020 19:02
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  3. # 1
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£313 profit

1 minute to login
1 minute to transfer money
1 minute to clock buy
Wait 2 hours
1 minute to click end trade
1 minute to transfer all into isa


Fair enough, there is a much higher reward to be made from picking individual stocks, but I'd never be sure I could accurately predict the markets. Which funds are you buying in your ISA?
  1. 09-11-2020 19:27
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They have different risk levels low, medium, high and very high risk.
  1. 09-11-2020 19:30
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They have different risk levels low, medium, high and very high risk.


So I'm guessing then that each risk category is a pre made package of funds, with low risk probably all bonds and the high risk ones all/mostly equity. Could you login and see if it gives you a breakdown of how funds are invested in each category?
  1. 09-11-2020 19:46
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You can select pre pack stock/shares based on risk selected by “experts” or you can choose your own.
  1. 09-11-2020 19:54
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Which risk category did you go with? And there should be an option somewhere to see how they allocate your investment, percentage which is in each fund or stocks. I'm trying to find out what their pre made options are but can't open an ISA myself with them until the new tax year.
  1. 09-11-2020 20:08
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I chose the low risk pack.
  1. 09-11-2020 20:21
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Likely to be mostly bonds then. There should be a document detailing which funds they invest in for you, or which stocks or bonds they buy. Might be called investor information or something?
  1. 09-11-2020 20:26
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£313 profit for 4 minutes work off the back of someone else’s very hard work. Surely you can’t think he’s earned that money Kes? In fact isn’t it a bit obscene?
  1. 09-11-2020 20:41
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I’ll have a look.
  1. 09-11-2020 20:43
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  3. # 10
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£313 profit for 4 minutes work off the back of someone else’s very hard work. Surely you can’t think he’s earned that money Kes?


Correct, I don't. And that's one of the things I think should be changed, removing the concept of unearned income.
  1. 09-11-2020 20:45
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You sound just like one of those smarmy city traders you've never met
  1. 09-11-2020 20:52
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You sound just like one of those smarmy city traders you've never met


Not sure how you work that one out. I've yet to meet a city trader who wants to implement socialism Waltero.
  1. 09-11-2020 20:56
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  3. # 13
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Afternoon

https://www.theguardian.com/business/live/2020/nov/10/uk-unemployment-redundancies-record-high-covid-19-markets-business-live

This is why we need socialism. Unemployment is soaring, more and more people are being pushed into poverty as a result of this pandemic but the fat cats and the businessmen continue to get rich.
  1. 10-11-2020 14:49
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Afternoon

https://www.theguardian.com/business/live/2020/nov/10/uk-unemployment-redundancies-record-high-covid-19-markets-business-live

This is why we need socialism. Unemployment is soaring, more and more people are being pushed into poverty as a result of this pandemic but the fat cats and the businessmen continue to get rich.


And Mullen
  1. 10-11-2020 14:59
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I’ve been selling weed today.
  1. 10-11-2020 15:54
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Another thread taken over by the Wall Street gang :(

I'm not sure why they don't club together and buy CUFC?
  1. 10-11-2020 16:33
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Another thread taken over by the Wall Street gang :(

I'm not sure why they don't club together and buy CUFC?


Because Laffy didn't invite me to be part of his consortium :(
  1. 10-11-2020 16:40
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https://www.theguardian.com/business/live/2020/nov/11/china-tech-shares-slide-beijing-antitrust-alibaba-vaccine-oil-ftse-business-live

Laffy and Mullen, how are your trades going? Things have definitely picked up since the Pfizer announcement.
  1. 11-11-2020 16:45
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I haven’t today, been too busy.

I might have a look tomorrow.
  1. 11-11-2020 17:02
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I haven’t today, been too busy.


That's why passive investing is better, there's no work required and you continue to earn even while you sleep.
  1. 11-11-2020 17:07
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I think the vaccine news is overblown-and market has overreacted.In truth, the vaccine is unlikely to be available for 6 month.

I wouldn’t be chasing anything Kes-
  1. 11-11-2020 17:46
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I think the vaccine news is overblown-and market has overreacted.In truth, the vaccine is unlikely to be available for 6 month.

I wouldn’t be chasing anything Kes-


Want a wager Laffy? I think roll out will start before the New Year.
  1. 11-11-2020 17:48
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  1. 19-11-2020 16:26
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Isn't Ashley after Jaeger, he'll probably get it on the cheap now
  1. 19-11-2020 16:30
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Day will probably buy the whole lot back for next to nothing & start again.
  1. 19-11-2020 16:45
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All part of the pre pack dance that started in the spring and we are almost there.An awful lot of creditors are going to lose their cheap Bangladeshi shirts as PD emerges from the undergrowth
  1. 19-11-2020 18:02
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  3. # 27
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Day will probably buy the whole lot back for next to nothing & start again.


That kind of thing seems really unfair. It's like somebody maxing out their credit card buying nice things, going bankrupt and getting everything repossessed, then trying to buy back all their nice things from the bailiffs at pennies in the pound. You shouldn't get to escape a failing business and its debts, and then show up a while later with a wad of money to get back in. Capitalism is supposed to be about risk and reward, if you want the reward then you should take the losses when they come as well, and not try to shirk responsibility. Why should his staff now be without a wage while he gets to keep his money?

This is why I want to abolish limited liability. If you want to run a company, stake your own wealth on it being successful. If the company goes bankrupt, your personal assets and bank accounts will be used to pay the creditors. That risk is the price you pay for the opportunity of greater wealth and reward if your company is successful. The sooner capitalism is abolished and we have a socialist state the better.
  1. 20-11-2020 04:59
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  3. # 28
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Has no one told you to refrain from posting after a drink Kes?

Seems Day took out £16m in dividends last year so this was clearly a decent business decimated by the virus.Article in today’s Times suggests the number of employees is grossly exaggerated and the real number is nearer 10,000, not over 20,000.Nonetheless,each job is a job which may be lost which would be a travesty.
  1. 20-11-2020 07:14
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  3. # 29
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Has no one told you to refrain from posting after a drink Kes?
Seems Day took out £16m in dividends last year so this was clearly a decent business decimated by the virus.


I'm not disputing that it was well run business Laffy. But if you're running a business you have to accept risk, and one of the risks is a global pandemic that sends the economy into a nosedive. It's not a very likely risk, but as this year shows it's still possible and you have to be prepared. He was happy to take the profits during the good times, so he should have to take the losses as well. The staff still need an income, and I think some of Day's personal wealth should be seized to provide that. This is how it should work. If your company is successful you can keep the profits, but if it fails then you are personally on the hook for all the losses. If you aren't willing to take risks, you shouldn't be able to make a profit. You called me a capitalist recently, but nothing could be further from the truth. Capitalism is a rotten system, and I think it should be abolished.
  1. 20-11-2020 08:10
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  3. # 30
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I was speaking to someone who works as an administrator and says it’s not good news for the club re the EWM loan.

Says the administrators have a duty to call the loan in.
  1. 20-11-2020 13:30
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  3. # 31
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I was speaking to someone who works as an administrator and says it’s not good news for the club re the EWM loan.

Says the administrators have a duty to call the loan in.



The creditors will want the money, even if it is just a drop in the ocean to the overall figure. I guess at the end of the day, there won't be any way of escaping it, although it might (I doubt it though) depend on the wording of the agreement.
  1. 20-11-2020 13:52
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  3. # 32
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I was speaking to someone who works as an administrator and says it’s not good news for the club re the EWM loan.

Says the administrators have a duty to call the loan in.



The administrator is under a duty to protect and eventually realise the EWM assets. The Club should be working on a repayment plan from the football fortune because although the administrator doesn't have to call in the loan immediately he is likely to want a realistic proposal for repayment of the loan plus interest from the Club.
  1. 20-11-2020 14:35
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Best hope for the club is it’s assigned/novated to PD or another solvent company.otherwise, it’s called up.

Kes-you do realise that the fall of EWM could see 10,000 jobs lost?Ive not heard PD complaining so cut out the Schaden Freud as it’s poor
  1. 20-11-2020 17:03
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  3. # 34
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Kes-you do realise that the fall of EWM could see 10,000 jobs lost?Ive not heard PD complaining


That's because no matter what happens to EWM, he will always have plenty of money. The same can't be said of his staff, who may struggle to put food on the table without those wages. If the business has failed why should he get to walk away with his personal wealth while they struggle to make ends meet? We need to abolish limited liability, we need to abolish capitalism.

Still think I'm a "closet capitalist"?
  1. 20-11-2020 17:07
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  3. # 35
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Ashley not happy with EWMs processes, wants to pick them up on the cheap.

https://www.retailgazette.co.uk/blog/2020/11/frasers-group-warns-edinburgh-woollen-mill-administrators-against-unfair-deal/

EWM have a trusteees business and moved all there directors to that.
  1. 25-11-2020 10:50
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  3. # 36
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Oh dear-an interloper wasn’t part of the dance.
  1. 25-11-2020 16:44
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  3. # 37
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Massive article on Green in The Times today but no link as yet from Sir Lapp. Is he feeling ok??
  1. 28-11-2020 16:24
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I read a lot about Green in last few days,

My view-mercurial man who created massive value and a lot of employment.Then he lost the plot-got greedy, carried away and ultimately disgraced himself.Interesting how his Luddite attitude to technology is perceived to be his downfall.You ignore technology at your peril-where’s Kes?

When I was at PWC, merely breathing the same air as Green would get you promotion.Blair thought so too.Now it’s a cattle prod.I know his right hand man Ian Grabiner-Glaswegian.

I think he would do himself a big favour by clearing the Arcadia pension deficit from his own cash-no pockets in a shroud Philip.
  1. 28-11-2020 18:24
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