How Queen Elizabeth Uses Her Purse to Send Hidden Messages Mandi Kerr More Articles January 07 2018 She discovered one or two things about managing social situations during her reign spanning more than half a century. The Queen uses the signature handbag to send messages to her staff. It’s uncertain when the procedure started, but for Her Majesty it obviously works well. Continue reading to find out why spells trouble putting her bag on the floor, and more. Queen Elizabeth is very loyal to her favorite brand.
5/5.838 5/5.838 Kirstin Sinclair / Getty Ascot Racecourse Images The Queen knows what she wants. Since 1968, when Sam Launer sent her a purse, she’s been a fan of Launer London handbags. She has since received a range of over 200 handbags from the Daily Mail company. The Queen is seeking to make one change to each of her Launer handbags. Each of her Launer handbags personalized with longer handles, according to the Daily Mail, so when shaking hands they don’t get in the way.
5/5.840 5/5.840 No matter where she goes, the Queen brings very specific items. John MacDougall / AFP / Getty Images The Queen of England bears her grandchildren’s keepsakes. Her purse includes horses and saddles of miniature dogs, among other good luck charms written by Phil Dampier in What’s In The Queen’s Handbag: And Other Royal Secrets according to the Telegraph. Her majesty holds images of her family too. Apart from the personal items in her bag one item is visible. The Queen holds in her purse a hook and suction cup for hanging her bag on the underside of a table the Telegraph reports. I saw the Queen open her handbag and take a white suction cup and discreetly spit a telegraph told dinner guest in it.
5/5.841 5/5.841 When she wants to move on, she swapes her bag. Andrew Milligan WPA Pool /Getty Images Royal historian Hugo Vickers told People how the Queen had ended a talk with her staff. She just moves her bag from one hand to the other. Instead, staff members find someone else to talk to you and advise you. It would be very nicely done telling Vickers. Someone would come along and say, ‘ Sir, the Canterbury Archbishop would very much like to meet you. ‘
5/5.842 5/5.842 She keeps money in her church pocket. Chris Jackson / Getty Images Her Majesty keeps in her handbag a crisply ironed note of five or ten pounds to be deposited on her church’s collection plate. A source told UsWeekly her butler had a 5-pound note folded into a little square until you could see her face only! In her book Elizabeth the Queen: The Woman Behind the Throne says UsWeekly, along with a small bill Elizabeth brings with her mints a fountain pen tissue reading glasses lipstick and a lightweight historian Sally Bell Smith wrote in her book
5/5.843 5/5.843 Everybody else will do so when the Queen’s done. Toby Melville / Getty Images When the Queen places her handbag on the table at dinner, the telegraph says she wants the case to stop in the next five minutes. There is no question that the Queen’s signs established during her reign served her well. Historians have recorded her secret messages.
5/5.844 5/5.844 Kate does not want anyone to shake his hand. Eddie Mulholland-WPA Pool / Getty Images Queen Elizabeth is not the only Royal to strategically use her bag. According to Good Housekeeping Duchess Catherine keeps her purse in both hands in front of her when shaking hands could be uncomfortable. Princess Diana has often been seen with a purse in it. Anya Hindmarch, the handbag designer told the Telegraph why Princess Diana always did that. When she stepped out of the cars Hindmarch said she would cover her cleavage with [ a clutch ]. The Cheat Facebook Cover!Mark Lawson More …Gary E. Hendrickson-Chairman and CEO: Dmitry for sure. That is Gary. Your first question “so I’m going to take your $0.20 number and we’re going to work on it for a minute; $0.05 is tax. As Jim said, in the quarter we’re going to have a higher tax rate than we had expected and you’re probably modeling it. This is part of it, then. The majority of that is driven entirely by sales. After the first quarter, when we adjusted our guidance we expected that we would see some recovery in Q3 Q4 in international markets and our GI business. I think Jim in his prepared remarks covered that. We couldn’t see it. We haven’t seen China improve to the degree we expected. Even though Huarun had a good quarter this quarter, our industrial business in China is still weak and frankly not up to the expectations we had for Q3 and we don’t think Q4 will be there either. Australia we expected some improvement in Australia’s residential housing market. That just didn’t happen. In reality, as the year has progressed, the business may have gotten worse. And both in my remarks as well as in Jim’s remarks we spoke about the GI sector and some of the poor divisions there. And, as you know from watching the company for a while, we’ve done a lot of work on our cost structure to build operational efficiency in the sector and so it doesn’t take a lot of “a huge sales mix” to potentially have a disproportionate impact as you might look at it as a disproportionate profit mix. Which, then, is it. Everything is about this. It’s all about fourth quarter results that aren’t going to be where we wanted them to be when we changed our outlook after Q1. With regard to your question about next year, I think that in our opening remarks both Jim and I made some comments about next year and we are not here on this call to talk about expectations for next year. That we are going to do in our fourth quarter. But I’m going to say that I think in 2014 we’re set for a good year. So I’m just going to repeat some of the points I said in my introductory remarks and Jim said, too. First is this year our business in the U.S. has been very good. The housing market is improving building spending is up and we have achieved significant new business profits. In the quarter, Jim reported that our volumes in the U.S. were up 10 percent and that they were up mid-single-digits for the year. So, we have a lot of momentum going into 2014 in our U.S. market. Secondly, our new business is on track, the long-range businesses we have discussed publicly, particularly in our paint segment. 2014 is the year in which we shift from investment to accretion in those enterprises. This year, despite getting the gross margin to cover the full investment, we’ve invested substantially in those initiatives. Next year that trend is reversing and we are starting to see accretion from those investments. And as I listed our net new business, “we’ve achieved our net new business goals in both our quarterly coatings and our paint division, and we’ve got year – to-date, so that’s heading into next year as well. We started with the restructuring we announced in the second quarter, which will give us some tailwind for next year. Inver as Jim said will provide earnings accretion of around $0.10. And then just like in the “opposite of the trend we’re seeing with deleveraging this year because our revenues aren’t as high as we expected when these international markets and GI markets start to recover, we’re going to gain significant leverage from that. And I think we’re set up in 2014 for a strong year … Dmitry Silversteyn-Longbow Research: Gary is great. I just want to explain the revenue shortfall against expectations. I’m not sure what to expect. But looking at what I was expecting, which is basically year-over-year high-single-digit growth in revenues for the fourth quarter your guidance doesn’t seem to be that much below it. So is the matter here that you’re going to sell more out of (indiscernible) inventory production so there’s going to be a disproportionate margin impact on that slightly lower revenue as you sort of right-size towards the end of the year is that what’s going on? CLICK HERE NOW for your Cheat Sheets Weekly Order! James L. Muehlbauer-Chief Financial and Administrative Officer of the EVP: Jim is Dmitry. I would address that from the perspective of “our expectations for the back half of th
e year as we left Q2 had substantial increases in revenue based on the new business gains we spoke about throughout the year plus the turnaround in the markets listed by Gary. And we expect far higher sales from a sales projections perspective. We were also anticipating a reasonable margin rate which would go along with those sales. So as I look at where Q3 landed and what we’re expecting for Q4 our margin expectations versus our internal plans in Q3 and Q4 have not really changed that much. Really our miss versus our expectations are driven primarily by sales as mentioned by Gary. So, on the margin line we don’t see any big surprises. It’s just that the businesses we’re selling through are lower than what some of our historical businesses were, based on their current margin profile. Still very profitable but this year we have no margin issues versus our plan our top-line issue was oriented. Dmitry Silversteyn Longbow Research: So the top line’s all right, so perhaps the way it’s booked. This is the top line the short fall you are experiencing is in the higher product lines so you don’t get the profit from them maybe that’s the growth of the lower margin lines? Gary E. Hendrickson Chairman and CEO: Another point about that Dmitry I think we got a sales change “we had a mixed sales problem throughout the year. We’ve spoken about some of the Packaging Coatings wins in the private label sector remaining at the lower selling prices. But if you look at our Coatings margin line you’ll see that’s still a good deal. As Jim said, it only takes more to make up for the holes we’ve seen in some of the higher-priced, higher-margin segments that this year are low. CLICK HERE NOW for your Cheat Sheets Weekly Order!
Australia Outlook
Chairman and CEO Gary E. Hendrickson: Yeah, you’re right. I think that the interest rate in Australia is now down 2.5 per cent from 7 per cent. So the government is doing all they can to improve the housing market but the housing market is still poor. Kevin we get data from the Australian Paint Dealer Association which is the actual quantities of paint that are sold by all paint suppliers on the Australian market and that last quarter statistics said that trade volumes that are skilled painters volumes are down 8% to 9% on the previous year. So maybe we’re at the bottom and take hold of some of the steps the government is making to boost homeownership but we can’t count on that. We’re going to run our business the way we think is appropriate and that has meant a pretty dramatic and unprecedented transformation of the company to get the cost structure correct for us over the last couple of years. In that phase we lost a certain market share. We’ve already talked about that which was the right thing to do for the long term. Where we are sitting today is a business that has the appropriate cost structure that is gaining in the retail marketplace; that means with the big box masters and independent retail stores or independent paint stores and hardware stores that our retail market is there and that business is doing well; and the stores that have the cost structure and when it grows we will get significant operations Jim said, and I said in my opening remarks that in the quarter we saw a few incremental improvements in our stores business. That is very inspiring. As that happens and as the market recovers we will see a pretty substantial earnings boost out of the steps we’ve taken. But I can not call that business. I do not mean I do not know. I’d just be speculating “to answer your question directly, I’d only be speculating about what’s going to happen in Australia … Kevin Hocevar Northcoast Research: And I was also wondering if you could comment on the big box and distributor network selling out from your customers here in the U.S. versus your sell-in type. Do you see any inventory management in that channel at all of your clients, or is it pretty standard right now? CLICK HERE NOW for your Cheat Sheets Weekly Collection! Gary E. Hendrickson Chairman and CEO: Our big customer “manages their inventory extremely well. They have a great supply chain department and on their inventory they get profitability. The impact on us meant that the inventory in that channel is down about 10 per cent year-over-year. As I said mid-single-digit sales of Valspar products in that channel, we are seeing good sell-throughs and I think inventory today is sufficient for where it should go into the remainder of the paint season. But we do have a year-over-year shift. Kevin Hocevar Northcoast Research: Then finally I was just wondering if you could comment on how “what raw materials have been doing in the course of the quarter and what kind of outlook?Gary E. Hendrickson-Chairman and CEO: Dmitry for sure. That is Gary. Your first question “so I’m going to take your $0.20 number and we’re going to work on it for a minute; $0.05 is tax. As Jim said, in the quarter we’re going to have a higher tax rate than we had expected and you’re probably modeling it. This is part of it, then. The majority of that is driven entirely by sales. After the first quarter, when we adjusted our guidance we expected that we would see some recovery in Q3 Q4 in international markets and our GI business. I think Jim in his prepared remarks covered that. We couldn’t see it. We haven’t seen China improve to the degree we expected. Even though Huarun had a good quarter this quarter, our industrial business in China is still weak and frankly not up to the expectations we had for Q3 and we don’t think Q4 will be there either. Australia we expected some improvement in Australia’s residential housing market. That just didn’t happen. In reality, as the year has progressed, the business may have gotten worse. And both in my remarks as well as in Jim’s remarks we spoke about the GI sector and some of the poor divisions there. And, as you know from watching the company for a while, we’ve done a lot of work on our cost structure to build operational efficiency in the sector and so it doesn’t take a lot of “a huge sales mix” to potentially have a disproportionate impact as you might look at it as a disproportionate profit mix. Which, then, is it. Everything is about this. It’s all about fourth quarter results that aren’t going to be where we wanted them to be when we changed our outlook after Q1. With regard to your question about next year, I think that in our opening remarks both Jim and I made some comments about next year and we are not here on this call to talk about expectations for next year. That we are going to do in our fourth quarter. But I’m going to say that I think in 2014 we’re set for a good year. So I’m just going to repeat some of the points I said in my introductory remarks and Jim said, too. First is this year our business in the U.S. has been very good. The housing market is improving building spending is up and we have achieved significant new business profits. In the quarter, Jim reported that our volumes in the U.S. were up 10 percent and that they were up mid-single-digits for the year. So, we have a lot of momentum going into 2014 in our U.S. market. Secondly, our new business is on track, the long-range businesses we have discussed publicly, particularly in our paint segment. 2014 is the year in which we shift from investment to accretion in those enterprises. This year, despite getting the gross margin to cover the full investment, we’ve invested substantially in those initiatives. Next year that trend is reversing and we are starting to see accretion from those investments. And as I listed our net new business, “we’ve achieved our net new business goals in both our quarterly coatings and our paint division, and we’ve got year – to-date, so that’s heading into next year as well. We started with the restructuring we announced in the second quarter, which will give us some tailwind for next year. Inver as Jim said will provide earnings accretion of around $0.10. And then just like in the “opposite of the trend we’re seeing with deleveraging this year because our revenues aren’t as high as we expected when these international markets
and GI markets start to recover, we’re going to gain significant leverage from that. And I think we’re set up in 2014 for a strong year … Dmitry Silversteyn-Longbow Research: Gary is great. I just want to explain the revenue shortfall against expectations. I’m not sure what to expect. But looking at what I was expecting, which is basically year-over-year high-single-digit growth in revenues for the fourth quarter your guidance doesn’t seem to be that much below it. So is the matter here that you’re going to sell more out of (indiscernible) inventory production so there’s going to be a disproportionate margin impact on that slightly lower revenue as you sort of right-size towards the end of the year is that what’s going on? CLICK HERE NOW for your Cheat Sheets Weekly Order! James L. Muehlbauer-Chief Financial and Administrative Officer of the EVP: Jim is Dmitry. I would address that from the perspective of “our expectations for the back half of the year as we left Q2 had substantial increases in revenue based on the new business gains we spoke about throughout the year plus the turnaround in the markets listed by Gary. And we expect far higher sales from a sales projections perspective. We were also anticipating a reasonable margin rate which would go along with those sales. So as I look at where Q3 landed and what we’re expecting for Q4 our margin expectations versus our internal plans in Q3 and Q4 have not really changed that much. Really our miss versus our expectations are driven primarily by sales as mentioned by Gary. So, on the margin line we don’t see any big surprises. It’s just that the businesses we’re selling through are lower than what some of our historical businesses were, based on their current margin profile. Still very profitable but this year we have no margin issues versus our plan our top-line issue was oriented. Dmitry Silversteyn Longbow Research: So the top line’s all right, so perhaps the way it’s booked. This is the top line the short fall you are experiencing is in the higher product lines so you don’t get the profit from them maybe that’s the growth of the lower margin lines? Gary E. Hendrickson Chairman and CEO: Another point about that Dmitry I think we got a sales change “we had a mixed sales problem throughout the year. We’ve spoken about some of the Packaging Coatings wins in the private label sector remaining at the lower selling prices. But if you look at our Coatings margin line you’ll see that’s still a good deal. As Jim said, it only takes more to make up for the holes we’ve seen in some of the higher-priced, higher-margin segments that this year are low. CLICK HERE NOW for your Cheat Sheets Weekly Order!
Australia Outlook
Chairman and CEO Gary E. Hendrickson: Yeah, you’re right. I think that the interest rate in Australia is now down 2.5 per cent from 7 per cent. So the government is doing all they can to improve the housing market but the housing market is still poor. Kevin we get data from the Australian Paint Dealer Association which is the actual quantities of paint that are sold by all paint suppliers on the Australian market and that last quarter statistics said that trade volumes that are skilled painters volumes are down 8% to 9% on the previous year. So maybe we’re at the bottom and take hold of some of the steps the government is making to boost homeownership but we can’t count on that. We’re going to run our business the way we think is appropriate and that has meant a pretty dramatic and unprecedented transformation of the company to get the cost structure correct for us over the last couple of years. In that phase we lost a certain market share. We’ve already talked about that which was the right thing to do for the long term. Where we are sitting today is a business that has the appropriate cost structure that is gaining in the retail marketplace; that means with the big box masters and independent retail stores or independent paint stores and hardware stores that our retail market is there and that business is doing well; and the stores that have the cost structure and when it grows we will get significant operations Jim said, and I said in my opening remarks that in the quarter we saw a few incremental improvements in our stores business. That is very inspiring. As that happens and as the market recovers we will see a pretty substantial earnings boost out of the steps we’ve taken. But I can not call that business. I do not mean I do not know. I’d just be speculating “to answer your question directly, I’d only be speculating about what’s going to happen in Australia … Kevin Hocevar Northcoast Research: And I was also wondering if you could comment on the big box and distributor network selling out from your customers here in the U.S. versus your sell-in type. Do you see any inventory management in that channel at all of your clients, or is it pretty standard right now? CLICK HERE NOW for your Cheat Sheets Weekly Collection! Gary E. Hendrickson Chairman and CEO: Our big customer “manages their inventory extremely well. They have a great supply chain department and on their inventory they get profitability. The impact on us meant that the inventory in that channel is down about 10 per cent year-over-year. As I said mid-single-digit sales of Valspar products in that channel, we are seeing good sell-throughs and I think inventory today is sufficient for where it should go into the remainder of the paint season. But we do have a year-over-year shift. Kevin Hocevar Northcoast Research: Then finally I was just wondering if you could comment on how “what raw materials have been doing in the course of the quarter and what kind of outlook?