Ideal World Channel Sold for £78m

Story in tonights Peterborough Telegraph - IW sold for £78m to private equity firm Inflexion.
They say that they are looking to implement ambitious growth plans in the next 3 - 5 years.

nanawhitt said:

Story in tonights Peterborough Telegraph - IW sold for £78m to private equity firm Inflexion.
They say that they are looking to implement ambitious growth plans in the next 3 - 5 years.

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Does that mean bigger kaftans?

Can the world take that much polyester? :devil:

£78m :mysmilie_466: that old saying must be true where there's much, there's brass!!

Mr Hancox, who joined the company in November 2008, has led a turnaround in fortunes after Ideal Shopping shares slumped to 21.5p in March 2009 and following losses of £13.2 million for trading in 2008.

Ideal's problems stemmed from IT systems that were "not wholly fit for purpose" while Mr Hancox also criticised a lack of variety in its schedules.

Wow, in the three years he's been with them he's done such a good job of improving the variety in the schedules hasn't he? :wink:

Also £77.9 million of that £78 million profit is from disgruntled callers ringing the premium rate telephone numbers to complain and try and get items redelivered or cancelled...so...

Mrs James said:

£78m :mysmilie_466: that old saying must be true where there's much, there's brass!!

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oops supposed to say muck

Mrs James said:

oops supposed to say muck

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You been overdoing the old "tonic wine" again, Mrs J? :happy:

Mrs James said:

oops supposed to say muck

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Are you playing dirty again.............:wink:

HoodedClaw said:

You been overdoing the old "tonic wine" again, Mrs J? :happy:

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The old girl hasn't been right since the clocks went forward

Tasi said:

The old girl hasn't been right since the clocks went forward

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That was definitely "clocks" you meant to say, wasn't it?

OK then... :wonder:

nanawhitt said:

Story in tonights Peterborough Telegraph - IW sold for £78m to private equity firm Inflexion.
They say that they are looking to implement ambitious growth plans in the next 3 - 5 years.

Click to expand...

Wonder if they bought it on Flexi-pay? And does it come with a 90 30 16 day money-back guarantee?

martinjay said:

Wonder if they bought it on Flexi-pay? And does it come with a 90 30 16 day money-back guarantee?

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Only as long as they don't remove the hygiene strip... :cheeky:

HoodedClaw said:

That was definitely "clocks" you meant to say, wasn't it?

OK then... :wonder:

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Dammit! Someones been moving these keys about again on this laptop. Its the same with the gears in my car, never in the same place twice.

not surprised the shares have dropped and they were running at a loss with the crap they have been trying to sell the last year or so it's a wonder they had a shopping channel to sell at all. lets hope the new people will bring in new products and make the channel worth watching and give us something nice to buy.

silvertears said:

not surprised the shares have dropped and they were running at a loss with the crap they have been trying to sell the last year or so it's a wonder they had a shopping channel to sell at all. lets hope the new people will bring in new products and make the channel worth watching and give us something nice to buy.

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The shares had dropped but have gone up in recent years - the company is profitable at the moment and doing well. That's why the investment company has bought them. They think they can increase the sales and then sell them in a few years for a nice profit.

Better products and better CS & deliveries would work wonders :devil:

i think they need to have more karcher and the amazing ladder hours and maybe throw in a tom tom and a ubi surfer for good measure then they would have the customers flooding in. oh wait they already do that

I suppose this means profit before customers!!!!!!!

IW Sold

nanawhitt said:

Story in tonights Peterborough Telegraph - IW sold for £78m to private equity firm Inflexion.
They say that they are looking to implement ambitious growth plans in the next 3 - 5 years.

Click to expand...

Does this mean that a better variety of products will be available. I hope so.::wonder::handshake:

Oh dear more variety i would think not it will be more tits and nickers like QVC.:grin: