Jacobite 2026

The point of running a business is surely to make a profit for the shareholders...not what price it can charge ?

 

You've said this before and been asked to explain how you see WC in terms of business orthodoxy? Still waiting.
I challenge you to explain your assertion in terms of WC specifically, not "general business principles" or some obtuse deflection.
For clarity my interpretation is that the business is run to generate income to offset the colossal costs of collecting, restoring and operating steam locomotives which is the hobby of the sole owner. So the Jacobite may be profitable but it isn't used to pay a dividend to "the shareholders".

 

Your views of running a business is somewhat strange. The business in question is a private company how do you know about it's dividend distribution ? Are you a member of the board..it seems like it. Presumably you have a pension invested in funds...they don't pay dividends ?

 

Bingo, obtuse deflection alert!! You will never answer a direct question about something you've posted. It's always, what about, this that and the other, anything to avoid backing up what you've initially asserted.
I'm not discussing the generality of "a business", so my views of "running a business" are not in question.
I don't know anything except what is in the public domain, see Companies House for info about shareholders etc. There is one majority shareholder of that privately owned company. He collects and restores steam engines, which is very, very, very, expensive, not something one would do for "shareholder"benefit.
WC does have many other lines of business, which probably are run at a profit, but not for the "shareholders" as such but to offset the colossal costs of being a steam loco owner. That's my theory, what's yours?

 

What a load of tosh... you've obviously never run a business...your claims about the Jacobite says it all ..BINGO.....my theory... I haven't one, what Mr Smith does with his money, his business, it's his perogative.... obviously you disagree..? I'll ask again what businesses have you started and run ....you seem to have great experience in this sphere ? Shareholding is not about dividends as you seem to assume, but about building shareholder value...ask @Spamcan81 that

 

For goodness sake, you were the person who declared what the motives are for the Jacobite - "profit for shareholders".
I simply put to you WC doesn't necessarily follow the business orthodoxy you are wedded to. I make no claim to knowledge other than what Companies House reveals and whatever else is in the public domain.
Nor have I said I disagree with how the business is run. An assumption of which oddly seems to have sent you into a paroxysm of outrage about my lack of business acumen.
As has been said many times, if you aim to make a small fortune from owning steam locos ...... start with a large one.