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Post by Deleted on Mar 1, 2018 16:36:36 GMT
The Trust wants to be a property business. Disagree The trust wants to be a management company - next up separate canals offered as Franchises. Nail hit on head I reckon. Seems like a very probable outcome to me.
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Post by Deleted on Mar 1, 2018 16:38:10 GMT
A lot of BWML marinas were not paying the nra, hence the previous accusations from private marinas that BWML were at an unfair advantage. This was pointed out to Richard Parry at a private meeting in Birmingham in 2013. To say he was embarrassed when it was brought up would be an understatement.
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Post by Deleted on Mar 1, 2018 16:40:25 GMT
The Trust wants to be a property business. Disagree The trust wants to be a management company - next up separate canals offered as Franchises. You have obviously never had the opportunity to listen to the trustees and Parrys vision of the future.
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Post by Deleted on Mar 1, 2018 16:43:37 GMT
In what way can the trust be a property business? It seems like they are selling off the property. Once its all gone how does that work?
I know you go to meetings and have your finger on the pulse so you will be able to explain what you think is happening.
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Post by Deleted on Mar 1, 2018 16:51:43 GMT
In what way can the trust be a property business? It seems like they are selling off the property. Once its all gone how does that work? I know you go to meetings and have your finger on the pulse so you will be able to explain what you think is happening. They are looking to build a commercial property portfolio. John Dodwell once explained that this was the visionary plan to fund the waterways once government funding expired. Parry has been spending a lot of time trying to extend government funding long term, but it's been made clear to him it will not happen. His next objective was obtaining further funding by taking over EA responsibility, but that has also floundered. So it's back to expanding their commercial property portfolio. Let's hope he does better than the pubs fiasco of a few years back.
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Post by kris on Mar 1, 2018 17:09:51 GMT
So in the year 2016-2017 BWML made a profit of 8.1million, but CaRT only received 1.45million. How does that work? What happened to the other 6.65 million. Don't tell me bonuses for managment. They don't have any share holders to pay. The whole thing stinks, I think the sale of BWML has been on the cards since it was hived off from BW.
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Post by Deleted on Mar 1, 2018 17:36:48 GMT
Commercial property yields in 2016-17 were pretty crap overall, though it did pick up around year end of 2017. Forecasts for 2018 are pretty muted (similar to this time last year). Suggestions are that rental growth should continue for industrial, but secondary retail remains difficult. If the big boys are being cautious, small timers like CRT should be wary of what they "think" they are capable of.
Lets face it, at the end of the day, CRT has a mish mash of employees that know a little, but on the whole have neither the experience or tenuity for this hardball game.
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Post by Deleted on Mar 1, 2018 17:46:44 GMT
I think another idiot is closer to the mark about how things will go. Property might look like a good earner but for CRT selling franchises for canal regions (if they are allowed to do that) seems like a much more realistic option if the aim is to become self funding. I can't see CRT doing well out of property other than selling it for short term gain.
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Post by Deleted on Mar 1, 2018 18:25:27 GMT
I think another idiot is closer to the mark about how things will go. Property might look like a good earner but for CRT selling franchises for canal regions (if they are allowed to do that) seems like a much more realistic option if the aim is to become self funding. I can't see CRT doing well out of property other than selling it for short term gain. (Shrugs).
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Post by Deleted on Mar 1, 2018 19:00:15 GMT
How can you franchise a section of canal, what do you earn from it as a franchisee?
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Post by Deleted on Mar 1, 2018 19:04:07 GMT
How can you franchise a section of canal, what do you earn from it as a franchisee? You could do it, and licence revenue would be the main earner. It won't happen though, it would be far too complex, and totally at odds with their charitable status.
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Post by Deleted on Mar 1, 2018 19:13:51 GMT
How can you franchise a section of canal, what do you earn from it as a franchisee? I'd expect that cruising licenses or tolls and moorings would be potential revenue generators. I could see a situation where owners of large marinas may like to run certain parts of the system for profit. I don't know much about it (which is presumably evident from my comments) but I do wonder what happens if/when CRT starts to fail as a self funding organisation which is apparently what it needs to be in order to survive.
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Post by kris on Mar 2, 2018 13:24:01 GMT
It's interesting reading the cwdf equivalent of this thread. There are lots of people who where so pro CaRT, it seems the penny has dropped for a lot of them now.
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Post by Deleted on Mar 2, 2018 13:37:32 GMT
So are Crt allowed to sell off property and land, who does it actually belong to?
Can they franchise canals, who do the canals actually belong to?
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Post by kris on Mar 2, 2018 13:47:57 GMT
So are Crt allowed to sell off property and land, who does it actually belong to? Can they franchise canals, who do the canals actually belong to? Who does it actually belong to is an interesting question. In principle we own it and they are the "caretakers" When you look at it in fact, there has been a massive transference of public assets to the private sector. Especially when you look at BWML, a public asset that was turned into s private company. Who's profits where meant to go towards maintenance of the network. Now apparently it doesn't make enough money, so it's getting sold. I imagine crt need to get the permission of the secetery of state to sell it. But on past experience that won't be a problem. As regards franchising I've no idea, but they seem to be able to do what they like at the moment, so we'll see.
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