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Mike Ashley


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Are charvas buying lonsdale socks really put off by the findings of the select committee

 

No but investors will be when they are looking to invest for pension pots and they are looking to invest in ethical companies.

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Are charvas buying lonsdale socks really put off by the findings of the select committee

 

No but investors will be when they are looking to invest for pension pots and they are looking to invest in ethical companies.

Don't worry there will be many non ethical investors who won't give a shit.
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Are charvas buying lonsdale socks really put off by the findings of the select committee

 

No but investors will be when they are looking to invest for pension pots and they are looking to invest in ethical companies.

Don't worry there will be many non ethical investors who won't give a s***.

 

True.

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  • 3 weeks later...
Mike Ashley's businesses generated nearly £3bn of revenues during the year to April 2015 latest filings at Companies House have shown.

 

The Newcastle United owner consolidates his business operations into MASH Holdings Ltd - a company in which he is the sole shareholder. Its financial statements were filed on 27 July 2016.

 

Ashley took out further lending in May 2016 in the form of an overdraft of £50m with HSBC that was guaranteed by MASH Holdings.

 

Ashley increased like for like revenues by nearly £450m. However profit before tax fell from £543m to £410m.

 

The financial statements showed that the majority owner of Sports Direct consolidated his cash and lending positions. At the end of 2014 he had £380m cash against loans outstanding of £417m - the majority of which was due to be repaid within a year. This was restructured to cash of £180m and loans of £197m.

 

Working capital investment increased with a £128m increase in debtors balances. The debtor balance was described in the financial statements as: “Unremitted sales receipts and collateral in respect of derivative instruments.”

 

Although no reconciliation is provided, in a separate note it is disclosed that the company had forward currency contracts that were valued at £92m, an increase of £88m from the previous year.

 

The statements acknowledge both the appointment of new manager Rafa Benitez and the relegation to the second tier of English football under post balance sheet events notes.

 

http://www.cityam.com/247010/consolidation-name-game-mike-ashley-he-see-revenues

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Guest Joe Cool

Was probably for a night at the casino.

 

I wonder if he needed to go to his local branch personally and get interrogated before they agreed to it.

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  • 2 weeks later...
  • 2 weeks later...

Reports this morning that Sp*rts Direct are to change their working practices, following the recent Parliamentary intervention...

 

http://www.chroniclelive.co.uk/business/business-news/business-breakfast-live-sports-direct-11842022

 

This following the apparent changes in approach at NUFC, too...

 

Seems like Mike Ashley may have had something of an epiphany??!!!

 

Or more like he's finally been found out on all sides, and realises it may be last chance saloon??

 

Whatever it is, lets hope it continues, and he doesn't revert to type.

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Reports this morning that Sp*rts Direct are to change their working practices, following the recent Parliamentary intervention...

 

http://www.chroniclelive.co.uk/business/business-news/business-breakfast-live-sports-direct-11842022

 

This following the apparent changes in approach at NUFC, too...

 

Seems like Mike Ashley may have had something of an epiphany??!!!

 

Or more like he's finally been found out on all sides, and realises it may be last chance saloon??

 

Whatever it is, lets hope it continues, and he doesn't revert to type.

 

Not much will change, and what little has he has been forced into no epiphany or road to Damascus moment. Zero hour contracts replaced by guaranteed 4 hour contracts for retail staff the warehouse will remain pretty much the same though they may employ a nurse to cut down on recordable ambulance calls.

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Guest firetotheworks

Quite possibly the greatest anti Ashley banner ever made.

 

http://i.imgur.com/xYEhggz.jpg

 

The reality of him walking around saying money.

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Quite possibly the greatest anti Ashley banner ever made.

 

http://i.imgur.com/xYEhggz.jpg

 

30 seconds to make the banner, 10 seconds to draw it.  I love the fact he appears to have a line of piss down his right leg  :lol:

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