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Shukes

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Posts posted by Shukes

  1. On 21/03/2024 at 13:53, Palfy said:

    I’m like you I go in at around 30-35% above what I my cost of labour and materials will be, if it’s a big value contract I will be prepared to negotiate and come down to 20-25%, and I will also drop to keep my labour and stop a competitor that I don’t want to get the contract. 
    My pretax profit after everything is stripped out is generally around the low to mid 20%, as people who own our own businesses, we try to keep control of our outlay and none productive costs, because it’s our personal income that’s being spent. 
    Bigger business do suffer hugely from none prod costs that’s inevitable, to try and control this they take on more management and give them targets to meet with the carrot of bonuses, all of which had to the none prod costs, big isn’t always beautiful the people you have the greater chance the money runs through there fingers, especially for certain industries when there is a financial crisis, and never more so than for the construction industry, and car industry. 

    I think I suffered from this when I tried to expand. There was so much more to think about. It destroyed me if I’m honest. I struggled to keep my sanity. 

    I Still think larger company’s seem to have so much dead weight though. So much wasted money on jobs that just aren’t needed. But I understand it’s a way of securing budgets for the next year. 
     

    Im trying my best to start again and hope that the knowledge I’ve gained helps me out this time. But knowing me…. I’ll do the sale again haha.

  2. On 18/03/2024 at 08:48, Palfy said:

    Here’s the last 3 years of Laing O’Rourke accounts. 
    2023 turnover £3.6B  Loss £288M

    2022 turnover £3.1B   Profit £2.7M

    2021  turnover £2.6.   Profit £41.0M

    2020. turnover £2.5.   Profit  £46.0M

    Laing are the largest construction company in Europe with offices in the Middle East and Australia, where they deliver some of the biggest projects in those countries. 
    They explain the biggest reason for their loss in 2023 was the higher than expected rate of material costs, and the increase in labour costs, added by fixed rate contracts on 2 contracts neither which was Bramley more which isn’t fixed as touted by the club to try and make DBB look competent as the CEO. 
    You are right about the NHS but remember they are not PLC trying to deliver profits for their shareholders. 
    Looking at their Profits and I put 2020 in because in was their best performing year for many years, it doesn’t read any where near your assumptions. 
    I would guess that they go in at tender stage of about 20-25% gross on average, and after over heads would be happy with 4-5% net profit and would be ecstatic with anything over that. 
    Shukes mate get your CV off to them  if you can deliver them the margins you believe they should be making, they'd make you Commercial Director in an instant😄

    You’re easily fooled mate. Being on this business I would expect more savvy. 
     

    Any business has at least 20% over staffed and unneeded administration. After all it’s how people like myself make money. 
     

    Great example is the NHS. Their own department will quote them £12k to put in an automated door. Not making this up either, i tendered for the work. 
    My quote was £3.5k or thereabouts. I would have still made around 40% gross on that, which again would work out around 12% net. After all the politics, they went with their own department. 
     

    This kind of thing happens through all large corps and businesses. 
    I know many people that work for Phillips and get paid a good whack. They will still tell you that their job isn’t really needed and that it’s just to fill up the quota of civil engineers the company needs.

    Does your company run at 4% net? 
    I’ve always been told if it lies beneath 12% then I should think about doing something else haha. 
     

    Though mine is very small so I do need to make more of a profit, so that could be where I’m confusing what’s needed. 
     

    4% for me is a few quid haha.

    4% for Laings could be millions.

  3. 8 hours ago, Palfy said:

    Shukes you are out by about by miles mate, let’s say the stadium finishes at 800 million and Laings make 60% profit that’s 460 million. 
    Laings will make between 8-10% after there Pre-lims have been taken out, which is in the region of 8-10 million EBIT. 

    If they do then they are a really poorly run business.

    You should he aiming for a minimum of 40% profit which would result in around a 12% net. Anything less would be classed as struggling by any reputable accountancy. 
     

    Laings are definitely not struggling.

    And don’t be fooled by money paying people that aren’t needed at all. Laings are huge. They have so many administrative posts that are not really needed but help line pockets to keep Corp tax down. It’s easy to fool people into believing things cost a fortune. 
     

    a lightbulb for the NHS costs about 15 times as much as we pay ourselves. Is that because it’s a special lightbulb? No it’s because it takes twelve people to order that lightbulb.

  4. The project would have a 60% profit margin at least. They have plenty of room for Inflation.

    For anyone trying to understand construction costs, you should go and price pre-fabricated concrete costs. You will question how any build could possibly cost half a billion.

    I remember Buckingham palace rewrite costing 175 million. I could have knocked the whole palace down and rebuilt ten of them for that price.

  5. He wasn’t good enough for the premier league. Lots of players score for fun in lower leagues but struggle in the premier league.

    Let’s not pretend he has been banging goals in either, he hasn’t. He is on a purple latch at the moment after going a long time not scoring and not getting the team.

    The one that hit him in the face and went in was a good goal though. 

  6. Guys… the whole team were shit today. That was poor no doubt about it. Nothing in the middle at all. 
    Onana looks like he is already gone. 
    Said it a million times but Garner isn’t a central midfielder, he needs to be on the side of a a three man or put him on the right side and let him put balls in. 
     

    Branthwaite was decent, and so was Myko.

  7. 2 minutes ago, Sev said:

    I believe frustration is the right word for that.

    I feel sick mate.  They were poor today and we haven’t taken advantage. Then at the end we’ve thrown the towel in. 
    I feel absolutely sick to the stomach.

  8. 3 minutes ago, Hafnia said:

    What happened? I switched off after garner corner and losing ball. 

    Two corners hot straight at the first man, then literally playing the ball to them for the break. I am confused as to what just happened at the end there… fuming and gutted to the core.

  9. 3 hours ago, Matt said:

    If we're very poor at converting chances, then the chances aren't good enough. 

    Exactly. I had this conversation with a few others. We have been so poor that any chance we get we feel should be a goal. 
    Dom had a chance the other week that people are shouting it’s a free header. They discount the big curly hair guy jumping into him and moving his body slightly while in the air to put him off. When I pointed this out I got…. He has to be stronger there!

    I asked how you can be stronger while actually already in the air, but that went over their head.

    Desperation affects our view because we want goals so badly. Dom has missed a lot of chances that if he was confident should be putting away. But he isn’t missing open goals each week.

    Beto had a clear through one on one and the ball is actually in my back garden. 

  10. Just now, patto said:

    Unfortunately we don’t have much upfront Chermiti and Okoronkwo are our only options Okoronkwo has only just come back from injury and won’t be fully fit. 

    I like the look of Chermiti. Seems to have a bit of aggression about him.

    Okoronlwo looked to he flying in the reserves. He looked a man in a boys team so I hope he doesn’t come back and carry on where he left off. 
    Maybe he’s one for next season.

    Dobbin will probably have a couple of years growing out wide. 

  11. On 28/02/2024 at 07:50, duncanmckenzieismagic said:

    We have been watching different games then.

    In fact I would go as far as to say DCL probably committed the worse miss of the season full stop, was it City at home where he was unmarked inside the six yard box and somehow manage to hook a half volley over the bar?

    The other night he had two headers inside the six yard box and never managed to get either on target

    Yes DCL is comfortably our best striker but you are trying to make out he is clinical in front of goal when the reality is he is far from it

    DCL is a good all round striker and there is a lot to his game but his finishing is his weakest element

    I’m not trying to say that at all mate. I think you’re trying your hardest to make something out of nothing mate. 
     

    Im not going to argue anymore. Dom is hands down our best option for me. But he isn’t a natural goal scorer by any means. That shouldn’t be up for debate.

    Beto is a three legged kangaroo on skates for me and offers the square root of nothing. Honestly for me that miss was absolutely terrible, but no surprise.

    For me it’s time to start trusting the youngsters for a few matches and seeing what they can offer. If they offer nothing, we’re in the same boat.

     

  12. 12 hours ago, Matt said:

    Why? We've barely spent anything of late and we can project increased revenue of BMD now we know the move in date to justify paying more up front.

    We still need to earn the money first for FFP though don’t we. And as we’re about to be charged again, I would guess we still have work to do. 
    Just me presuming, but I would imagine we have certain meets set for us that have been agreed to get back into green.

    But that is me completely making it up in my head.

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