The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Interesting battle playing out here. Results look pretty good relative to expectations.
Shadowfall "bear raid" looks weak. The analysis is stale and repetitive, and the principal issues appear to be being overcome. I think Shadowfall will capitulate - they may even have rolled the dice again this morning to get themselves a chance to buy their way out; perhaps an order is being worked now?
The longer term prognosis for the company looks ok to me, albeit some discount should be being applied in terms of general trading conditions through the pandemic.
I think this is a reasonable place to buy in, and have done exactly that.
They put a statement out yesterday pressing for the case to be thrown out as many within the class action did not actually make any purchase and also that the actual retail purchase prices represented strong value and as such no one missed out
Key challenge is the timing as it was known prior to refinancing round. No further comments on when to expect further news
Retail week article on it dated yesterday below:
Boohoo has asked a Los Angeles court to dismiss a $100m (£79m) lawsuit after it was accused of deliberately offering “fake” discounts.
In the latest of a string of scandals, Boohoo and its two subsidiary brands PrettyLittleThing and Nasty Gal face civil claims that they ran fake sales duping customers into thinking they got a great deal, as originally reported by The Telegraph.
The group is accused of inflating original prices to levels they would never previously have expected customers to pay and then offering big discounts.
One of the three court cases was filed in April, but not disclosed to investors before the group undertook £197m of fundraising in May, further adding to the scandal.
Boohoo has asked the court to dismiss the case on the grounds that, whether they were victims of deception or not, customers were not left “out of pocket”.
Class action will be quashed as non of the claimants had a financial loss as far as I have read.
Boo have asked for the claim to be chucked out.
It would be £79 million, they could handle that fine, but they are asking for it to be dropped.
I’ve also read the twitter feed from Shadowfall
Most of it is still harping on about the Leicester incident - how much did they profit from underpaid workers etc - Very boring and completely misses the point that that is fast becoming ancient history.
The one thing that does get me questioning is their point 7/
7. What do you estimate will be the value of the claim being pursued by a class action in the US in relation to alleged “false and deceptive” advertising practices? Was this legal claim identified to any investors ahead of the placing in May 2020? If not, why not?
Anybody know any more about this? It doesn’t SOUND like anything serious, but would be good to know more, just in case it could materialise into something material?
They're nobodies. Imagine making your living by being so cynical and critical of every little thing. The world of investing is not as precise and critical as they want it to be - people want cheap clothes, boohoo provide them, money is exchanged. That's the crux of it, and they can shine a light on as many 'questions' as they want - it doesn't stop the company growing and people wanting to be shareholders.
Nickel_Investor is a lying toe-rag. He should go in to politics and specifically Boris's cabinet.
I have decided to go short here too. Had its day and rise last week. Glad I put some money way on 888 before its results today.
Had a quick look at these shadowfall people. Based on Twitter posts they start posting negatively on BOO Short in May, got it wrong, went silent, now they’ve started posting again. Give it a couple of days and they will go silent again as they close short having got it wrong again. It really is disgraceful to watch.
Nickel_Investor is one of the ramping crew who lost loads of people money on Amigo. It is clear what their game plan is here.
Ha! Go away bear
https://www.shadowfall.com/wp-content/uploads/2019/01/BOOHOO_ShadowFall_Research.pdf
It's factually incorrect anyway. PLT was bought out in full in May 2020 for example.
Steve I’ve got 17 posts ....
Starte posting yesterday after lurking for a few months.
The results are no anomaly. Expect margin growth next results.
fresh accusations on their twitter feed
https://twitter.com/shadowfallcr
Sure you have on your first post.....
I’ve just sold a third and taken some profits
Yeah bringing out all the big guns to try and slow it down.
"This research report was first published on the ShadowFall website at 2pm BST on Tuesday 26 May 2020"
LOLs
Used Fiat 500 anyone?
Agree it is old news.
+1
Bearish move early doors, opens down, goes blue, now down
as i said before. its a wh*res business. folks will do what they can and weild what they can when they feel it provide maximum return. with shadowfall maybe the shares would be higher, but as often is the case, if the journey is a long and satisfying one, it is often better to travel than arrive.