Linn - is the end near?
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Linn - is the end near?
https://www.scotsman.com/business/scott ... -1-5050109
They have reported a loss of £636,000. This sits with £2.4M investment in "R&D" which I find rather strange.
ADMIN EDIT - unevidenced allegations removed.
They have reported a loss of £636,000. This sits with £2.4M investment in "R&D" which I find rather strange.
ADMIN EDIT - unevidenced allegations removed.
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- savvypaul
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Re: Linn - is the end near?
There is no suggestion of tax evasion in the article.
Do you have evidence of such?
Do you have evidence of such?
- karatestu
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Re: Linn - is the end near?
I wouldn't read too much in to it. They made a profit of £872,000 the previous year.
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Re: Linn - is the end near?
hope not for the sake of what, 171 employees? if the article is to be believed. great news for those who feel wounded I would think? no aspersions intended
- savvypaul
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Re: Linn - is the end near?
Casting aspersions without evidence is something that should be avoided. We are better than that...
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Re: Linn - is the end near?
aspersions seemed to be evident in the first post? I apologised for any conceived inference in my post, should that be what you are referring to? if not my apologies. yes I hope we are all better than that!
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Re: Linn - is the end near?
Yes, they do. In the absence of any evidence, I will edit the OP.
Nothing wrong in your post.Ordinaryman wrote: ↑Tue Nov 26, 2019 6:02 pm I apologised for any conceived inference in my post, should that be what you are referring to? if not my apologies. yes I hope we are all better than that!
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Re: Linn - is the end near?
According to the accounts Linn made a net loss of £256K in the year to June 2019. Turnover was £15.7 million a drop of 3.8%. They paid out £512K in dividends. Since this is a private company I think there is not really a big problem since further dividends aren't being paid at present. Obviously they need to cut costs and increase turnover. Shows that high prices don't guarantee a good profit. I would love to compare this to Rega and Project who have run with the vinyl boom producing many models, while Linn retrenched to making expensive LP12 updates and overpriced streamers.
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Re: Linn - is the end near?
Low turn over with high margins is risky and the high "R&D" expenditure and dividend payments seem all the more strange in this context.
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NVA P20/ A20, Cubettes, LS3, SSP, SC
Sonore MicroRendu, Chord Mojo 2 MCRU PSs, AQ Carbon USB cable & JB FMJ
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RIP Doc
NVA BMU, P90SA/A80s (latest spec), Cube 1s, TIS, TISC(LS7)
Sonore OpticalRendu, Chord Mscaler & Qutest, Sbooster PSs
Network Acoustics Eno, ifi iPurifier3, AQ JB FMJ, Cisco 2940 & 2960
DH Labs ethernet, BNC & USB cables, Lindy cat 6 US ethernet cable
Second System
NVA P20/ A20, Cubettes, LS3, SSP, SC
Sonore MicroRendu, Chord Mojo 2 MCRU PSs, AQ Carbon USB cable & JB FMJ
Headphones
Grado SR325e/Chord Mojo, Beyerdynamic Avetho/AQ DF Colbat
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Re: Linn - is the end near?
Linn probably made the right decision for them - high end products aimed at 'lifestyle' customers - but they didn't execute (the products or the marketing) quite as well as they might have done.
Their competitors are people like Meridian and Diavelet, not the likes of Rega and Project.
I would rather see a company swallow a loss in one year but maintain R&D expenditure than see it have to cut back on R&D for short term cashflow.
Their competitors are people like Meridian and Diavelet, not the likes of Rega and Project.
I would rather see a company swallow a loss in one year but maintain R&D expenditure than see it have to cut back on R&D for short term cashflow.