The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Kando I would suggest that the fact that the ceo and cfo are buying shares is a sign that they have confidence in the business which is exactly the point slipperz made.
If you think the number of shares needs to be several million to demonstrate confidence that’s fine it’s ok for you to have a different opinion but I’m inclined to agree with slipperz original comment that if the company had been behaving incorrectly from an accounting point of view and that’s why pwc resigned it’s unlikely that the CEO and cfo would be buying shares given said incorrect behaviour would become known shortly and would likely have a material effect on the investment.
You can have it both ways, this is AIM. The share is volatile, any RNS has an impact, however fleeting it might turn out to be. 5800 and 10000 shares is a lot now? CEO sold 35 million in December but buying back 300k is significant?
You can’t have it both ways kondo. The share purchases were either small and a mere token gesture In which case they wouldn’t have any effect on shoring up the sp or they were Significant enough to demonstrate the board members confidence in the company and therefore could do.
I get that you don’t like this share and that’s fine but try and put some effort into your posts if you want to counter a view that someone else has put up.
If Jupiter says its good, ITS GOOD!
Any dips top up, because sub 300's be long gone soon.
Got to fill that gap up!
Given how small the share purchases were, they can't have much confidence. Seemed more like a token gesture to try to shore up the SP.
Only Boohoo management knows for sure why the auditor is leaving. The fact that both the CEO and CFO (the finance guy!) just bought new shares shows that they have confidence and therefore directly dismisses trader allegations about something new coming out of the PwC leaving statement (which should be published in 3-4 weeks since the process started, aka any time soon).
well if they do not sign off the accounts should not get paid .
Also they are breaking the agreement with Boohoo as auditors as they are still have a contract with Boohoo.
PWC will seem as useless as auditors to be employed by anybody else with their behaviour and will not be trusted.
Good riddance!
Strange after 6 years the accounts were audited and found ok and all of a sudden they are not signing them off. If there was a problem why did not notify the company. Boohoo are not liable nor responsible for their suppliers affairs or running their business.
The sooner a new auditor is put in place the quicker the story will end.
I searched for and found the video on you tube. One of these trsder fellas who shares his thoughts. Seems he purchased boohoi during the july lows and ecited at a profit and some of his followerd have asked him if he is going in again on the latest share drop.
He isn't and gives his reasonong which is essentially his opinion of why pwc resigned when they did. They supposedly resigned due to reputational concerns and he doesnt link this to concerns because of supply chain and the levitt inquory arguing that if they were concerned about that stuff they would have resigned in july.
He refets to a statement pwc made (along with the rest of the audit world) after wirecard saying they would toughen up processes and be more robust about spiotting fraud. He then highligjts the last trading update from boohoo which the company gave which are unaudited financials and decides that pwc resigning the following month is a red flag.
He infers that pwc wouldnt be able to sign off the financials presented at the trading update as to do so would cause them reputational damage so they resigned.
Whilst i disagree with his interpretation of the facts/inplied facts at least he has an opinion that hes prepared to back up with his reasons in a coherent argument.
Swalsh get lost. Biggest external shareholder has just come out fighting for BOO. A top company with people more intelligent than you. Jupiter has confidence in BOO. Shove your conspiracy theories up....