Cazoo doing well ?

[trade vet 703]

1 hour ago, petrol head said:

Good point Mate. 
 

I think with both Cazoo and Cinch, the latter to a lesser degree it’s about the sizzle and not the steak. 
 

It will baffles me that people were hooked winked into thinking Cazoo was worth 10 times the value of Jardine Motor Group, or Marshall’s for that matter. 
 

They did nothing an ordinary dealer could do 50 years ago, save for buying on line. The exchange program etc is law when it’s a distance sale. 
 

Now they have launched Cazoo wholesale and are established dealers going to deal with them? I think so as they still deal with BCA!

Didn’t know about Cazoo wholesale.It must have cost them a billion to find out that there is more money in charging auction buyers fees than retailing .

[It's me 615]

Well I've looked at the holesale and have to ask in my best Alfie voice

What have they got then that manheim havent, and it seems they are younger than manheim

 

So whats it all about............ Enter cilla black and the dog.... 

1966

[petrol head 46]

Long, but interesting read:

https://sifted.eu/articles/cazoo-debt-burden-layoffs

[It's me 615]

2 hours ago, petrol head said:

Long, but interesting read:

https://sifted.eu/articles/cazoo-debt-burden-layoffs

I like the bit where its suggested a certain person did ok

Haven't had time to read it all yet but thanks for the link

[petrol head 46]

$0.99 as we speak. Isn’t that then delisted if they stay there at close?

[It's me 615]

1 hour ago, petrol head said:

$0.99 as we speak. Isn’t that then delisted if they stay there at close?

Is it a blip? 

Sorry been away 

[trade vet 703]

Cazoo down 24% today to 22 cents …….to quote Kenneth Wilsonholme  ‘they think it’s all over etc ‘ 

[It's me 615]

Don't slam the door on the way out

Ha, we are all still here working as usual, giving service and customer satisfaction to each and every customer the old fashioned tried tested and approved way................. 

 

[chrishowie 14]

Why isn't Alex Chesterman being investigated for one of the largest frauds in Automotive history?

Getting large backers, huge hype without any substance and then taking 100 million at least and leaving it to crash and burn????

[petrol head 46]

On 2/6/2024 at 1:32 PM, chrishowie said:

Why isn't Alex Chesterman being investigated for one of the largest frauds in Automotive history?

Getting large backers, huge hype without any substance and then taking 100 million at least and leaving it to crash and burn????

He hasn’t broken any laws, theirs is a risk with any investment. Immoral for sure, but not illegal. It’s the .com bubble revisited.  

[trade vet 703]

Telegraph reporting that Administrators have already been lined up.

[trade vet 703]

Brilliant !, “ They are transitioning to a pure play automotive market place and exiting fulfilment operations.How good is that for  ‘gobshite ‘,you couldn’t make it up.Their proposed platform will need to be free of charge to get the trade to support them.They would be better off getting into the Hand Car Wash ‘ industry ‘ ( Sustainable Net Zero Automotive H2O Cleansing )as most of us started out washing cars and then progressed from there.

[It's me 615]

Been out all day quafing ales in Durham and came home to read that the wicked witch is

DEAD

 

Yaaaaaaaaaaaaaaaaaaaaaaa

[friar 8]

Ten Cazoo sites for sale with estate agent CBRE this morning.

[petrol head 46]

Shares have seen massive increase in the last few days. 

[It's me 615]

Cazoo now online to sell your car for you

[petrol head 46]

1 hour ago, It's me said:

Cazoo now online to sell your car for you

And the gullible yanks are still buying shares 

[It's me 615]

Can't believe today's report in car dealer magazine

I was in the pub last night and all the screens had grown men bashing a shuttlecock in what looked like finals

Everywhere it said cazoo so they must have been the sponsors. 

I explained to the wife who they were and what they did and how they wanted to break a working product so got a lot of money off suits who got the money from  your investments in isas etc

And then today I read this news we've all been waiting for 

Margaret thatcher will have got it lighter when these boys finally light the touch paper

Wouldn't it be nice if in time we had a proper investigation into this business

 

[petrol head 46]

5 hours ago, It's me said:

Can't believe today's report in car dealer magazine

I was in the pub last night and all the screens had grown men bashing a shuttlecock in what looked like finals

Everywhere it said cazoo so they must have been the sponsors. 

I explained to the wife who they were and what they did and how they wanted to break a working product so got a lot of money off suits who got the money from  your investments in isas etc

And then today I read this news we've all been waiting for 

Margaret thatcher will have got it lighter when these boys finally light the touch paper

Wouldn't it be nice if in time we had a proper investigation into this business

 

Their shares are 29% up today?

[It's me 615]

[It's me 615]

[trade vet 703]

I am surprised they lasted so long.How long have Cinch got having lost £300m in the last 2 years ? BCA were making a fortune what with charging huge buyers fees and persuading their main vendors to accept 90% of Cap Clean on forward contracts when most stuff has been doing over 100% of Cap Clean ……so they set up Cinch because they thought Cazoo was doing so well ! You couldn’t make it up.