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Discover has decided to close its depot in Cumbria with the loss
of 18 jobs..some of the workforce have been there upto 20 years.

The information found indicates that Barclays Bank have just bought 9.5 million shares in Discover Leisure, possibly reflecting (or to some extent causing) the rise in Discover’s share price, which has more than doubled since the start of the year.  This sounds a lot, but given that the share price is still currently only about 1p, that’s an investment of only about £95,000, which Barclays would presumably consider to be rather small change.  Based on recent published results, Discover remain unprofitable at the moment, but generate lots of turnover.  Presumably, Barclays think they are a viable investment opportunity.  None of this indicates an undue likelihood of imminent collapse of the company, although in the current economic situation, this could probably not be ruled out entirely for a great many businesses. 

For financial details of Discover, and some lively internet forum discussion of their merits, see here.

 Niall

We've heard today that they've closed 3 branches, our local one is Cannock and they have hardly got any stock, they reckon they're clearing stock out for the 2010 range but have got a huge amount of space already, plus the section where they used to have the 2nd hand vans is now empty, they reckon they cant get 2nd hand vans which is rubbish, another local place had loads of them and a huge turnover.

Just noticed today that Discover has also closed its Wrexham site aswell.

On the home page of the Discover website the map still shows 16 sites but if you click on it the next page shows a larger map with only 8 sites now shown:

Birtley, Darlington, York, Chorley, Delamere, Cannock, Newport and Weston.

All others appear to have closed or been sold on.

Quote: Originally posted by TonyC52 on 08/5/2009

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On the home page of the Discover website the map still shows 16 sites but if you click on it the next page shows a larger map with only 8 sites now shown:

Birtley, Darlington, York, Chorley, Delamere, Cannock, Newport and Weston.

All others appear to have closed or been sold on.

 

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Quote: Originally posted by PPs on Tour on 08/5/2009

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just received a phone call from discover at 7pm regarding some warranty work on our van, to be told our local branch at Orpinton Kent has been closed along with the Herne Bay branch, so we wil have to take it to either Weston Super Mare or Cannock (near Birmingham i think) from our home in Kent for this work to be carried out..

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