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For me, Kamani is a shrewd businessman. I think there's something brewing here. Kamani knows it and has got in early to buy REVB for Boohoo.
I may be wrong.
PP1
Either something is brewing or its incredibly poor timing on BH part. Hopefully it's the former.
As I've said already on here, I think I've read somewhere about someone else like Mike Ashley doing this before with a company in order to buy it.
My thinking is that Boohoo are setting themselves up to buy Revolution Beauty either from administration or at an extremely cheap share price.
For me, the investment of about £5m recently in REVB shares is the catalyst for this.
Lol are you posting this UT trade crap n most boards eg THG just
Shorts up again........didn't T4G try and paint a rosy picture a few days ago or last week or so reg shorters seemingly on the way out ???was kinda put across as a but of a certain his end......so yes that is ramping sadly
Guess he will deny this like with most of the times he's pulled up on his iffy claims.......
1/4 of a million £ in Uncrossing trade sales..... this is only going one way #shortto43p
Streets' summary of the past few years is perceptive. Pompous policeman won't approve; expect loaded questions to follow.
What management are thinking of to blow cash on a loss-making business that might have governance issues is beyond me. Real irresponsible use of owners funds or the revolver.
It may well be less than the value of assets but we are only 14p off aren't we?? I don't want to see it happen and I admire your optimism. I'm just getting tired of Boo associating themselves with shady scenarios.
Investing in firms with suspect accounting doesn't exactly make Boo attractive to Institutions especially with how hot ESG is these days.
Anyway as Roharps says lets see if there is some strategy here and hope to god Boo sold enough volume to boost our cash reserves as it wont have come from increased margins.
Prove me wrong in September Boohoo, restore my faith.
Terrible week again for Boo, not sure i'll ever break even on this at this rate!
Maybe Boohoo in time may take over REVB if the SP is low enough. These accounting issues may make that possible. Revb was a half a billion quid business one year ago.
I am heavily speculating obviously, but if revb is at enough of a low, taking it over for a few tens if millions and then bringing it in to Boohoo and managing it better could be a good move.
Lets see how it plays out. REVB could bounce post suspension. Who knows. Lets not write off Boohoo's decision making just yet. Although this could also be just a poor strategic decision. Not saying that is not the case.
There must be a reason for this that we are not aware of.
Something will come out of it for
Am I reading this right?? Boo have now invested what precious little capital they have left in a company that has accounting concerns and have to suspend trading??
I mean, I support Boo at the best of times, but I am seriously doubting the BOD competency now.
From Slavery allegations to law suits to green washing to showing off their glitzy lifestyles whilst loyal shareholders sit back and get sh*t on by hedge funds.
I genuinely think the Kamani's want to take this into administration.
I remember a few years ago when their marketing was spot on, they had loads of cash on the balance sheet, they were showing fantastic growth in sales and profit and now look... we had hard times with the economy, but talk about scoring own goals.
Too far under to sell out now, no point, but I can actually see this going into the 30s now. Why wouldn't it? It doesn't matter what their assets are they will just do something else stupid.