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Utility Warehouse (Telecom Plus) Discussion
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kippen_noedel wrote: »lol, ok, so Marx was first a philosopher, who happened to believe that mankind could move towards an egalitarian society if only everyone had equal opportunity. He believed in pure communism which is socialsim at its basest. In theory great, in practice horrendous.
The lower in the rung you are the less you prosper = UW and EVERY other organisation. UW is no different, disingenuous to suggest otherwise. The core difference to my view is that the "insiders" pretend otherwise. Pure capitalism has no such pretense.
but since you so neatly sidestepped MY POINT
nothing socialist about any organisation that has a return on equity of 42.2%. Or do you dispute that according to last years published results the return on equity is 42.2% ?
Completely incorrect on all counts. First Marx wasn't a socialist. Communism is a distortion of socialism in the same way that illegal pyramid selling schemes are a distortion of network marketing schemes.
Network marketing networks work on 2 principles
1. Equality of opportunity - an absolute basic tenet of Socialism. Communism does not believe in this. It believes in equality and control. Remember it was a Communist who said "Freedom is so precious it must be restricted." Communism is also about one group dominating another group the prols dictating to everyone else. No different from Capitalism. Even communist states ahave a pyramid structure by the way.
2. Helping others achieve what they want. By helping others achieve what they want you get what you want. If you don't help others achieve what they want then you don't get what you want. Thats' what socialists do and should be doing.
Robert Owen the founder of the Cooperative movement was a socialist. The cooperative movement and network marketing have similar principles.
The capitalistic element of network marketing companies lies in the fact that there is a parent company that employs people in the various departments such as customer service. However I bet that the parent company would not prevent their 'employees' from also becoming distributors. It is after all in the interests of everyone to do so.
One final thought. Unlike traditional business there is generally no competition between either individuals or groups. I and many others who have no direct connection with each other often work together to help each other achieve what we want. There is no geasy pole to climb.
With all due respect to you like so many here you show your ignorance. I was like that once believing the same rubbish spouted here until I decided to really educate myself.
Your comment on 42% equity I presume is something to do with UW itself. That has nothing to do directly with the network and how it works.0 -
I'm no accountant (far from it, I'm hopeless at maths for a start) but I would imagine the rather impressive return on equity is down to a few things, namely the company have no debt to service (and never have), they are obviously very efficiently run (their annual turnover is approx 60% of what BG paid for their non-functioning computer system FGS) but definitely the most important contributing factor is they have virtually no infrastructure costs (or tangible assets, if you like).Call me Carmine....
HAVE YOU SEEN QUENTIN'S CASHBACK CARD??0 -
Talk about side stepping. I asked aquestion which only one person has attempted to answer - good on him for doing so. How it operates is irrelevant to my question. So if you have a answer please tell us.0
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1carminestocky wrote: »I'm no accountant (far from it, I'm hopeless at maths for a start) but I would imagine the rather impressive return on equity is down to a few things, namely the company have no debt to service (and never have), they are obviously very efficiently run (their annual turnover is approx 60% of what BG paid for their non-functioning computer system FGS) but definitely the most important contributing factor is they have virtually no infrastructure costs (or tangible assets, if you like).
Excellent Carmine. Without actually telling anyone the answer you've come pretty close but I don't think the others will make the connection.0 -
While you are all spinning about trying to figure out what the answer is can I ask another question. It's even simpler. What's the purpose of business? I'll give you a hint. The answer isn't making money - that's a benefit of its purpose.
Anyone bought a washing machine. Now there's a clue0 -
1carminestocky wrote: »Maybe UW customers are of the same opinion?
Certainly there are initiatives they offer that if taken up can result in the cheapest deal on the market regardless of perceived 'extras' (unless you can get me a better deal as quoted in my post above?). Does BGs Homecare products have similar initiatives? . And I'm sure what some of the BG Homecare salespeople tell their prospective customers some would regard as laughable. People in glass houses and all that....
Here's what Which? say about BG Homecare 400, for instance:
Brilliant value. Not.
Carmine on the customer satisfaction poll I take it this was done by asking the exact same amount of customers from each company.
4.8 Million Servicing contracts everyone will tell horror stories but when something is good you never here of it.
Some people like BG and some dispise BG you simply cannot please everyone can you ?His Heart Proved He Was A RedSuarez, SuarezWe Bought The Lad From AmsterdamWe Know He's Not a Chelsea Fan.Fernando Torres = El Judas0 -
1carminestocky wrote: »I'm no accountant (far from it, I'm hopeless at maths for a start) but I would imagine the rather impressive return on equity is down to a few things, namely the company have no debt to service (and never have), they are obviously very efficiently run (their annual turnover is approx 60% of what BG paid for their non-functioning computer system FGS) but definitely the most important contributing factor is they have virtually no infrastructure costs (or tangible assets, if you like).
You forgot they charge just about the highest prices for gas and electricity available anywhere in UK - and you have to pay a monthly membership fee to pay those very high prices.
That will help the 'bottom line'!!0 -
1carminestocky wrote: »I'm no accountant (far from it, I'm hopeless at maths for a start) but I would imagine the rather impressive return on equity is down to a few things, namely the company have no debt to service (and never have), they are obviously very efficiently run (their annual turnover is approx 60% of what BG paid for their non-functioning computer system FGS) but definitely the most important contributing factor is they have virtually no infrastructure costs (or tangible assets, if you like).
That's actually a very good answer,(lol, for a non-accountant and bad at maths) much more impressive than another persons I could name.
It's also pretty close to the point. As you highlighted they don't invest in infrastructure, neither do they have social tariffs for the vulnerable, etc, etc. A bit like a parasite.
Consider a post office that will not deliver to rural areas but only to the most lucrative sections of the country. That is the business model of UW, bleed the cream, leave the rest to the companies that have real substance. As it happens, I am an investor in UW but only shorterm & only because they offer a good return in an unsettled market. If I was an ethical investor I wouldn't go near them, so in a way I'm a hypocrite but I'm also pragmatic. such a conundrum.0 -
You forgot they charge just about the highest prices for gas and electricity available anywhere in UK - and you have to pay a monthly membership fee to pay those very high prices.
That will help the 'bottom line'!!
I haven't forgotten anything at all. Talking of 'bottom line', that would be the one on the bill, would it? They won't actually be charging me 'just about the highest' prices, in fact, quite the opposite. But if you want to have a go at getting me a better deal as I've posted in post 3476, be my guest, matey (why have you ignored that post, I wonder?). As the main retailer in the 5% list of the cashback card has an annual turnover in excess of £20 billion and sells groceries, I think we can safely assume there will potentially be millions who could get a similarly unbeatable deal as me. But, like I say, be my guest and get me a better deal then you can gain some credibility in here perhaps. To save you searching, I'll post it again:
Gas 15000
Electric 4800
Phone line Rental
Up to 24mb broadband
40gb monthly download allowance (I note that Sky have reduced their Mid BB package's download allowance from this figure to 10gb!!)
Free router (they apparently want this back if I ever leave the service)
24/7 inclusive calls to 01, 02, 03, 0845, 0870, plus 10 of the most popular international destinations
Silver club membership fee (this gives £10,000 accidental death insurance and, hopefully more importantly free calls to UW's CS and BB helpline!)
100% UK-based call centre (let's be honest, if it wasn't for fear of being called racist, wouldn't more people be willing to admit that the Indian call centres are a disaster for the punter but obviously lovely for the company's balance sheet?)
Prospero Discount Mag (note to Cardew, this can be discounted in any alternative deal and isn't a deal breaker, lol, so no silly claims about this)
Monthly, fully itemised paper bill detailing all the services I take.
One direct debit no matter how many services I take.
No minimum contracts on any of the services (subject to a £50 admin/exit fee should you leave the broadband within the first 12 months)
Cashback pre-payment card.
Option to derive further discounts by recommending friends who will benefit as much as us from this deal (there are some that will get an even better deal!). This can be as much as 100% discount (not including club fees)
Have I missed anything/got anything wrong?
Based on our current level of spending at the retailers included in the cashback card's '5% list' we spend £500 per month (this will increase a lot leading up to Xmas, plus there's a possibility of major electrical purchases during the year but we'll leave it at a conservative £500 per month). That currently equates to a monthly discount off the UW bill of £25 gross, £23.65 net.
Yearly cost to us for all this = £1104. £92 per month.
Cheapest deal for our gas and leccy is currently BG Websaver 3 at £975. That means we have to get the phone line, broadband and 24/7 inclusive calls for £128. Can it be done??Call me Carmine....
HAVE YOU SEEN QUENTIN'S CASHBACK CARD??0 -
Oh this is fun:
The more the UW apparatchiks and stakhanovites end up spending time here posting the less damage they do "selling" their unlikely-to-eventually-prove-a-good-deal vapour-ware-wizzo-deal, thus the less damage they will cause to our fellow men.
I wouldnae touch UW with a very long barge-pole: and would advise anyone else to avoid them as well.
There are several long posts relating to UW in this sub-board with differing views (some in favour, many against UW). IMHO the most vociferous and increasingly panicking posters are, oddly, "distributors" for UW. These distributors/senior managers/directors or whatever they call themselves operate in a manner many fair-minded people would find reminiscent of a Pyramid scheme. However UW tell me it is not a Pyramid scheme so I accept their statement that it is not a Pyramid scheme.
Eventually these poor misguided souls will wake up and get another job where most fair-minded people would consider the ethics are better. Until then I fear we must expect these misguided people to indulge more wasting-time when they could be out selling. Oh this is fun!
Cheers!
Lodger
PS As I said, clearly not a Pyramid Scheme.0
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