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Alex1621
Exactly. BOO itself hit a low of 23p back in 2015. A few years later was over £4.
During the last financial crisis in 2008 Taylor Wimpey's share price fell to around 7p. Around 7 years later it was 28 times that figure, above 200p. In January 2016 Glencore was down at 73p, and 6 years later it was 6.5 times greater. I'm guessing at the time they were being heavily shorted, and the bulletin boards would have been full of people lamenting the SP and calling for the CEO's head ... or predicting imminent bankruptcy.
At times intrinsic value (valuation based on an objective evaluation of the facts) and market valuation (based on buying and selling volumes, and arcane trickery) can disconnect from each other.
Well if that was the case why is it not reflecting in the share price? Remember we were told Boo was tanking because of it, but the inquiry has not helped to give it any strength or even to hold at the level it was.
In fact it may have made matters worse.
With almost £2 billion turn over and trading price of 56p is not a brand with credibility.
They didn't need Leveson to achieve ESG. just simply not drawn in to fake news and keep informing that it was not boohoo but it's supplier and nothing to do with it. Also if you are a CEO it's your job not pay someone else to tell you what to do.
Also something important to remember is Carrol, and Kamani family can not buy any more shares, and they had to sell in order to reduce controlling rights.( a good move I think now) I think it was some institution that insisted they do, but JL on the other hand I don't know what s stopping him?
Cooler if JL stood down (sacked really) and Mahmud picked up the ceo reins followed by a decent purchase of shares we would hit 100p on that news alone...
And what good was it wasting on Leveson inquiry, and how did that help the company? JL has bought into fake news, and wasted resources.
I think if things continue the way they are, JL and Kamani might not get elected next time as directors.
£30% vote against is massive no and if you look at abstains, people who didn't vote and wanted to say no, it could have been as much 60% against.
Why would rag have heard rumours?
What non-sense!
Goldy
Shootiii said a lot of high up management are leaving due to John Lyttle staying....
I'd be very interested to know how many people voted in total on the directors bonus deal as that 30 odd percent vote against it was a big NO when you consider the likes of mahmud/Carol/Umar and the rest of the Kamanis would have all voted in favour....
Id bank on the idea that every holder who who is not linked to the family voted no, that includes institutional investors
Shootiiii has been a poster for a good few years... Very positive on boohoo in the past and definitely has a close link to the company... When the weather was really bad one year with snow and people were posting negative rubbish saying sales would be down shootiii actually posted to say they knew someone at boohoo and sales were flying... Turned out sales were flying!!
It's all good norges buying but i want to see the colour of the boards money.... All directors should be piling in at this level.... Or are the holding out for a potential cash raise to take a piece of the pie?
Thought you didn't abuse or insult people on here T4G? Calling others 'clowns', 'f*****g trolls', is plenty of both.
You're prodigious at contradicting yourself.
Clown4good currently 50% down from when he was spitting chips just over the quid mark calling everyone paid posters..... why would a comfy not bothered long term holder do that ?
Hung on until the ship sank much further and if you did not participate then your alot wiser than than this chap.
Shooti can you give more detail and not such a sweeping statement - i believe people will be leaving due to John Lyttle destroying the company cash and profits...
There are managers that have helped build this company and their hard work has been wasted while Mahmud and Carol just look on