Australian Members

[Prince of Paisley]



Well to my understanding, technically there was a capital raising which increased the number of shares on issue so the 72cents is not comparable to the 330 but nevertheless it has declined in value significantly. When the bid was $3.30 there were 258m shares on issue and now there are 479m shares on issue so in like for like terms the bid was about $1.78 or so.

Still, he's more than halved the market cap of the company in week - not a bad effort!

No doubt fxh suggested the latest round of capital raising to fund his next raft of sock acquisitions in an effort to stave off bare ankle amortisation mortification .

 

[fxh]



It's you isn't it?

Well the Worried Look and big honk is about right - but I've never knowingly worn a business suit with an open necked shirt or with a t shirt underneath and never had a buzz cut..

 

[fxh]



As an aside, if on the other hand you are selling a pair of "special" shoes then, as you say, the market can hold up quite well. I've seen *well used* Gieves & Hawkes buckshot brogues for example going for $300, $350+ on eBay recently. And personally I wouldn't give them to my dog to chew on.

There are always exceptions
http://www.classicshoesformen.com/

 

[fxh]



The trade-off though fxh is if he tries to stretch, wear in etc. his tight/loose shoes then he is reducing the value of any potential sale if he decides down the track to flip them anyway.
To be honest though, I think you are spot on in terms of the market for "ordinary" dress shoes. -30% value when they land at your door. Then -50% of that when you actually wear them is probably about right. So you are probably better off trying to make them work with insoles etc. than taking the hit if you can possibly avoid it.
A.

If they are too big then unless you go crazy with glue and sewing stuff any inserts can be just taken out. Stretching depends - if its just a few points it wont look any different - - its hard to say without seeing everything. Sometimes new shoes just don't feel right and a bit of wear improves everything. I suspect in this little corner of the forum a bit of honesty doesn't hurt - eg - I stretched these and tried to wear them for 6 months - little wear now I'm flogging them for $200 (new $500). Try them on no obligation in Melb conservative business dress

I'm buggered if I know - with the slightly used nearly new shoe market - its the fashion that matters - on SF Carmens and Meerkats are in fashion so will move quicker and hold price - at least this year. Double Monks (Tony Abbott & Bishop Pell?) are moving from clothes nerds to Thornbury/Elwood/Yarraville trust fund kids and will soon drop in value when seen on footballers in boozy fights at Crown Casino. For certain people a Vass will hold value but limited market. Gunboat brown/ mahogany brogues in standard shapes and configurations seem to hold value, for obvious reasons. Postage has gone crazy in 5 years from overseas. All relevant.

Sometimes I think in melb at least we should have a genuine garage/ car boot sale where you bring along anything, importantly also non forum fashion approved stuff, and negotiate try on and swap have a few drinks with no posing and competition once a year or so.

{cough} I'm not sure how much a worn camo driving shoo worn with no socks all hot sweaty summer will be worth next year {cough}

 

[jmills]

i've got the persol 714's in tortoise shell. does the job and fits into the chest pocket.

i get my sunnies online from the UK: http://www.pretavoir.co.uk/

they occasionally have free shipping. takes about 2 weeks to get here. with free shipping and taking away VAT and you'd be laughing at the savings compared to buying locally at Sunglass Hut or your local optometrist.

Neat link, thanks. Now I just have to work out whether any fit my face, given the abysmal range that WA retailers have in stock to look at.

 

[deingesicht]

If they are too big then unless you go crazy with glue and sewing stuff any inserts can be just taken out. Stretching depends - if its just a few points it wont look any different - - its hard to say without seeing everything. Sometimes new shoes just don't feel right and a bit of wear improves everything. I suspect in this little corner of the forum a bit of honesty doesn't hurt - eg - I stretched these and tried to wear them for 6 months - little wear now I'm flogging them for $200 (new $500). Try them on no obligation in Melb conservative business dress

I'm buggered if I know - with the slightly used nearly new shoe market - its the fashion that matters - on SF Carmens and Meerkats are in fashion so will move quicker and hold price - at least this year. Double Monks (Tony Abbott & Bishop Pell?) are moving from clothes nerds to Thornbury/Elwood/Yarraville trust fund kids and will soon drop in value when seen on footballers in boozy fights at Crown Casino. For certain people a Vass will hold value but limited market. Gunboat brown/ mahogany brogues in standard shapes and configurations seem to hold value, for obvious reasons. Postage has gone crazy in 5 years from overseas. All relevant.
Sometimes I think in melb at least we should have a genuine garage/ car boot sale where you bring along anything, importantly also non forum fashion approved stuff, and negotiate try on and swap have a few drinks with no posing and competition once a year or so.
{cough} I'm not sure how much a worn camo driving shoo worn with no socks all hot sweaty summer will be worth next year {cough}

I'll try to save the Trickers, but the Carmina doesn't look like it will be saved. They are unlikely to be streched as they are cordovan and these are $850 brand new - I thought I made a really competitive price for some really nice shoes.

 

[Prince of Paisley]



If they are too big then unless you go crazy with glue and sewing stuff any inserts can be just taken out. Stretching depends - if its just a few points it wont look any different - - its hard to say without seeing everything. Sometimes new shoes just don't feel right and a bit of wear improves everything. I suspect in this little corner of the forum a bit of honesty doesn't hurt - eg - I stretched these and tried to wear them for 6 months - little wear now I'm flogging them for $200 (new $500). Try them on no obligation in Melb conservative business dress

I'm buggered if I know - with the slightly used nearly new shoe market - its the fashion that matters - on SF Carmens and Meerkats are in fashion so will move quicker and hold price - at least this year. Double Monks (Tony Abbott & Bishop Pell?) are moving from clothes nerds to Thornbury/Elwood/Yarraville trust fund kids and will soon drop in value when seen on footballers in boozy fights at Crown Casino. For certain people a Vass will hold value but limited market. Gunboat brown/ mahogany brogues in standard shapes and configurations seem to hold value, for obvious reasons. Postage has gone crazy in 5 years from overseas. All relevant.
Sometimes I think in melb at least we should have a genuine garage/ car boot sale where you bring along anything, importantly also non forum fashion approved stuff, and negotiate try on and swap have a few drinks with no posing and competition once a year or so.
{cough} I'm not sure how much a worn camo driving shoo worn with no socks all hot sweaty summer will be worth next year {cough}

I really like the idea of a boot sale... "also non forum fashion approved stuff, and negotiate try on and swap have a few drinks with no posing and competition" - couldn't have said it better myself. Certainly a great way to get rid of perfectly good stuff that doesn't fit, taking out the vaguaries of buying 2nd hand shoes etc. online. You should take a small fee from the vendors and set it up fxh!

As for the Meerkats/Carmens I don't know whether their profusion has increased or decreased their value. Generally I think once you can't easily get an item (ie. they stopped making 'em - Lobb Ghillies or buckshot brogues) then the price goes up. When everyone is on the same kick (pun unintended) then the value probably falls a bit; all of a sudden Meerkats aren't that "special" to command a higher resale value than a pair of Loakes (maybe less because there is also less general familiarity with the brand, how they fit etc.)

Anyway, enough of this. I'm about to go buy a pair of fat bastard Church's.

 

[Prince of Paisley]



There are always exceptions
http://www.classicshoesformen.com/

I think the price inflation on some of those vintage shoes is known as "the Isshinryu Factor"

 

[Prince of Paisley]



I'll try to save the Trickers, but the Carmina doesn't look like it will be saved. They are unlikely to be streched as they are cordovan and these are $850 brand new - I thought I made a really competitive price for some really nice shoes.

More than competitive I'd say. As I think fxh has mentioned in previous posts, you might consider taking them to a cobbler to stretch them, depending on where they are tight. This may or may not be feasible, but it could save you taking a $500 hit on them.

 

[fxh]



Anyway, enough of this. I'm about to go buy a pair of fat bastard Church's.

My last (note small shoe orientated word play) few times I've been in McClouds here I think all the Churches are corrected/binder/split grain. Good stuff mind you but interesting. Most of the McClouds /Churches blokes I know seem to like them. I just don't like that highly polished look but theres nothing inherently wrong with binder leather. I think some UK people say its better for bad weather / snow etc.

 

[fxh]



I'll try to save the Trickers, but the Carmina doesn't look like it will be saved. They are unlikely to be streched as they are cordovan and these are $850 brand new - I thought I made a really competitive price for some really nice shoes.

More than competitive I'd say. As I think fxh has mentioned in previous posts, you might consider taking them to a cobbler to stretch them, depending on where they are tight. This may or may not be feasible, but it could save you taking a $500 hit on them.

I know little about cordovan and don't have any interest in knowing more. But here is plenty of knowledge about it around - americans are obsessed by it - at least your standard Ask Andy Trad..

Wait around and do some searches. Theres millions of words been typed on it. Ask around here - meister, gerry and others might know - somewhere in the back of my head I suspect it might not stretch much - but as I said I don't know.

 

[fxh]

deingesicht

you in Melb - what area?

pm me

 

[California Dreamer]



Yes, it got here last night and it's awesome! Nice dimple when knotted too.

Got mine last night too, and agree about the dimple. I'm planning to premier it Friday, where I expect to get caned by the IT crowd for having a square tie.

 

[Petepan]

Well to my understanding, technically there was a capital raising which increased the number of shares on issue so the 72cents is not comparable to the 330 but nevertheless it has declined in value significantly. When the bid was $3.30 there were 258m shares on issue and now there are 479m shares on issue so in like for like terms the bid was about $1.78 or so.

Well, they now have a lady who had nearly two decades of experience at Target and Officeworks to try to turn things around and make Billabong brands relevant again. She will be ably guided by Mr Kunkel, our very famous person from Fosters wine mad era (if I remember correctly, they rejected $2b for the wine business, only to flog it off several years later for the same price, resulting in billions of dollars of shareholders' money down the drain).

I can so see a turnaround happening...maybe not.

In the meantime, if you have a hunger for Billabong stuff, now may be a good time to have a look out for bargains.

 

[deingesicht]

Just took them to the back of 101 Collins to see what the cobbler can do with them. The old eastern European man couldn't get over the thickness of the leather

Thanks for all you input