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Playing a cool hand here
Follow the money
Follow their money
People losing their **** over a slight possible not absolute even delay in publication
Not the drama they want it to be
Boo will be using this to wrestle more stock
I do think it’s very convenient timing RNS basically saying what we already know
since they were finding it very difficult to get stock and that was putting pressure on share price
Suddenly create a drama mild peril situation and stock has presented itself voila
For every sell there’s a buy and Boo make take a few days to show their new level buy in here
Even if it was suspended it would be a very short period of time a formality and like most suspended stocks over delayed accounting once published it will auto unsuspend and run higher now mild peril event removed
Shorters will need to close next week or get trapped on hefty interest whilst suspended then it opens higher with more demand on the stock.
I really think this is some kind of play here as feels as tho they’re overdoing it as did we really need that RNS yesterday?
One could say no-one inc FCA would’ve lost any sleep if they hadn’t released RNS as nothing really was announced
Yesterday that we did not already know
Remind yourselves BOO and ii been buying knowing all of this too so not sure why pi’s panic sold. Boo and ii bought them
No doubt at all
imo
Think jupiter have finally sold out and the big drop. Will see next week with holding RNS
I’d be stunned if anyone taking a 12.8% stake is doing it to “prop up” another company. BOO have a BOD with a duty to their shareholders, so that is absolute rubbish in my opinion. We will see next week who has added or sold down. If someone is stake building then we are good to go, regardless of accounting issues, which I’m sure will be resolved. I cannot see how any changes in the accounts warrants the drop that we have seen here.
If you think about it Boohoos 12.8% stake is just pocket money to them in monetary terms.
What is it almost 40 million shares current value 6.4 million quid, it's no more than a punt like most of us.
So given what they have actually invested this last week, I don't see the big deal.
OK thanks for response
Still got a good chunk Adam, invested here.
Tbh I thought they could avoid the delay and gut feel it’s a BDO resource issue for the issue at this point but not helped by accounting issues from previous FD
Let’s be fair about this, the BoD have not helped themselves here, operationally they have grown fast but obviously the systems were not in place to keep up, however the business itself I think is great value at current levels and with a strong balance sheet to support it.
The II investors will support the directors but IF a Bid comes in post audit sign off and depending on the size of the offer / terms then the II’s could well look at in more detail?
I did mention this last week at 17p being a ‘ win win’
results out on time share price jumps, BoD miss date and shares suspend the Company is exposed to a takeover ?
Suggest we sit on the latter after this afternoons RNS
Basically the Company, or its potential, is worth less than people thought it was (Including me).
Oke...
You have definitely turned your tone.
Am guessing you have sold/downsized? Noticed you stopped posting as much last few days.
The only thing new is the audit deadline, hence likely hood of temporary suspension.
All imo
The ReV B BoD are sitting ducks now
They have demonstrated they can grow an international company but they can’t control it ?
Time for them to move over and a more experienced team take over ?
Unless they can convince the market/ II holders it was the fault of the FD who left in May?
I agree Okehurst auditors are crap atm all the increase in regulations and they are not matching with increased resources so everyone is over running.
I’ve experienced this recently and know many other companies and auditors that are saying the same
Companies with clean audit reports and no adjustments taking months.
Hopefully management change brings in new auditors in the next window
Why would BOO spend £12M to £10M on equity to buy out of Admin ?
Their stake /shares are the same colour as ours, however had they spent that money on buying the debt, which they didn’t , it would be a different conversation
The BoD can’t put Rev B into administration, it doesn’t work that way, they have £120M assets vs £21M debt
It looks like the issue is resource on the side of BDO - IF it is resource it may mean the stock is suspended for a few weeks though - at best.
This doesn’t mean administration it’s just the AIM team rules, not ideal but anyone putting a reasonable Bid on the table is going to have a chance getting the support after this fiasco
Boo-boo would hardly worry about a missed Audit deadline given their own record. They aren’t daft and see the real value in REVB at these crazy lows. Strong buy! (As I did this pm)
*The investment reflects boohoo's belief in the growth potential of Revolution Beauty and it intends to be a supportive stakeholder and long-term partner.*
Unless BooHoo intends to pick over the bones following admin (which it might do) then this sounds to me that the BOD persuaded BooHoo that investing made good sense and that they wouldn't lose out on their return. Interestingly, BooHoo typically reports in Sept, so they may (if they report before REVB does) clarify in more detail what they expect from the SP.