Prices

[Seanspeed]

So companies are using the excuse of the EXIT to rise their prices? Discusting. Once one does it they all do it. There is no reason why prices should rise right now!

It's essentially insurance in a situation of instability.

 

[dacads]

Bad time to buy a GPU

 

[lurkio]

yea, But most companies wait till the very last moment. because they can.

Thats a bit silly? if they could leverage their margins to be better by picking best time to pay ?

 

[Kelt]

Bad time to buy a GPU

If only there were other retailers in existence who haven't raised their prices immediately.

 

[~>Dg<~]

haha said this earlier there is hardly any difference.quite sad really.vote with wallets.till the prices adjust.

infact if you think about how enraged some are about the vote and how its gone the last thing you should want to be doing is gouging now.you could lose more than you gain.customer wise.

 

[PapaLazaru]

So.. OCUK say they wont change prices till 3pm. Yet have done it anyway.

Might stop buying from OCUK, Lying sack of spuds

Bit like the leave campaign

 

[Basher]

Thats a bit silly? if they could leverage their margins to be better by picking best time to pay ?

They do. It's just that the best time to pay is often the last minute because until then, the money can be working for you somewhere else ...

 

[Dave M]

haha said this earlier there is hardly any difference.quite sad really.vote with wallets.till the prices adjust.

infact if you think about how enraged some are about the vote and how its gone the last thing you should want to be doing is gouging now.you could lose more than you gain.customer wise.

Well it's been decided to put all pricing (except for CPU) back to normal for the time being. When Gibbo gets back in the office later I'm sure he'll review CPUs in detail but it's his judgement call as there's so little margin on them even a small dollar shift makes them a loss-leader.

 

[Dave M]

Thats a bit silly? if they could leverage their margins to be better by picking best time to pay ?

The best time to buy dollars is when the rate is highest! The problem is you don't know when that is.

Dollar was what, 1.43/1.44 yesterday? It hit 1.50 after positive poll results and then crashed straight back to 1.43 after the first leave results. Now it's 1.37.

If remain vote won it could be sitting at 1.55 or higher now so committing at 1.43 would have been a bad move. Currency speculation isn't our industry and any forward commitments are just an insurance policy and an expensive one if it moves against you.

 

[spoffle]

Will you stop using the forum they supply FOC as well?

Oh lawd. Free of charge? Are you not aware of the fact that this place is an asset to the company and not some gift they bestow upon us mere mortals?

These forums will generate them revenue.

 

[VincentHanna]

Of course they do, but I'm respectful and don't go around calling them lying shiesters.

 

[spoffle]

It's not a lack of respect to point this sort of stuff out.

 

[Dave M]

Anyone got a good easy to read website showing the fluctuations? so basically its already recovering from last nights shock?

oanda.com is working, normally I use xe.com but it's struggling under the load today

 

[b0rn2sk8]

Don't forget retail stock is generally valued at replacement cost, thus if the replacement price goes up then the value of your stock goes up. Therefore the price goes up as you essentially can not re-buy the product again if you sell it for under the replacement cost, if you didn't follow that you will run into to cash flow issues.

 

[Casdawer]

I find it hilarious that people who voted Leave are complaining about price spikes when they were informed that the economy would take a hit!

OcUK is a business and needs to adjust its prices in accordance to the market.

 

[neil_g]

would OCUK not have agreed a purchase price with the supplier before the dollar rates changed? so surely price changes should only hit new stock?

 

[Dave M]

would OCUK not have agreed a purchase price with the supplier before the dollar rates changed? so surely price changes should only hit new stock?

Purchases are generally in dollars and settled 30 to 60 days after delivery.

 

[Efour]

They won't sell old stock at old prices they will gouge from the instant. It's scummy but that's volume bussiness like pc parts

 

[windheaven]

Question is should i buy now or wait? i want to buy a new pc but with the unstable market and currency exchange rate i don't know. Will prices continue to rise?

 

[bushmins]

They already have. 1070/1080 prices have gone up.

TBH what average working class person with a family can afford to spend that much money on current prices of them anyway? I think that those who can afford them are not really going to take much notice of a price increase.