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Why 254 to 274 to 200?
As soon as this hits 274 in the morning it will plummet like there is no tomorrow.
Will be very lucky to see a finish above £2
Kamani has something of Asil Nadir about him. God knows what else is coming out later this week
Groundhog Day
Actually 3 snubs, KPMG can't bid as the report said.
All very exciting if you're into that kind of thing.
I doubt the financials are too bad otherwise they wouldn't be able to afford 5 acquisitions in the last year or so.
If volatility is not your thing you may want to stay away from growth stocks especially on the Aim
Has everybody been drinking tonight lol
Ok you stay in and I wish you all the luck ever
Honest
You are doing the same as Kitty who you have just complained about
Bablake, do you really think this will go anywhere near 280. It's never had any worst news since the first bad news. 4 of the top 6 auditors dont want to touch them. This is going to dive very fast tomorrow.
Pretty sure you're on the payroll of LSE Kitty...
As soon as this hits 280 in the morning it will plummet like there is no tomorrow.
Will be very lucky to see a finish above £2
Paying sweat shop prices Surely flag up on accounts unless there’s anther company involved! This is big Bussiness something not right , all should become clearer soooon
How am I ramping posting a negative news article ha ha comical especially as I want to buy in low
At the simplest level the auditors job is to verify that the numbers put forward by the company offer a true and fair view of their position at any given time. It’s not their job to dictate whether companies are too highly leveraged, taking on too much risk, etc, only confirm that there is enough cash or finance available to be considered a going concern.
Kitty stop rambling and ramping up the SP. This is taking a dive tomorrow and for a few weeks until a new auditor is appointed and a new clean bill of health is given. This share is toxic to say the least
@Honestopinion I left 10k in here, so still have a hand in the game. I will put some more in when I see consolidation and it stops blowing through support like it's a used hanky. With uncertainty around the corner, I am having some real success in mining, so might keep on with that until the US house of cards falls down.
@DavidLaw based on that times article, the only time to start buying back in seriously is when it can hold a price. Am sure there will be an immediate drop from auction in the morning. Good news will be on the horizon with mergers, etc.... Not going to try and catch the falling knife just yet.
Covgaz
Best post tonight I don't know whatt purpose they serve they only approve what is put in front of them
Well dodgy accounts mean PwC are liable as they audited them until now!
Dodgy accounts!!! & we are al ****ed have wait & see
As more details transpire about the auditing of boohoo, I can only see this going down tomorrow.
This will have to force changes in governance, maybe the founder stepping back and additional personnel to address systemic problems that we might not know about.
Possibly 175p by Wednesday with 210p tomorrow.
All this tells me that PwC only audit what’s already clean - very useful !! I thought an auditor was there to find issues!
OK
So Boohoo did the QC audit, reported shortcomings & committed to implement recommendations in 6 months by end of FY Mar 31 2021
This is a MASSIVE opportunity for a new auditor to be associated with a huge turnaround in the textile industry. Looking ahead they could have an amazing transformation story for a multi billion pound company.
I hope Grant Thornton or a smaller form get it as the legacy dinosaur big boys don’t seem to deserve it.
I see some auditor ready to chomp at this.
Ragtrade..exactly. Wasn't PWC the auditor for Carillion before it went tits up? Whatever , they are charlatans that get it wrong time after time , companies going bust with huge debts having been cleared by the audit. They are just a joke all of them.
What gets me even worse is they just walk away , why don't the biggest holders sue them for negligence??
Talk about a license to print money , if there ever was one this is it.
Will be interesting to see if Institutional Investors being pressured to force replacement of Chair & CEO , do now act as clearly there are major concerns over Corporate Governance for major Auditors to decline involvement. Further weakness in SP may eventually be a good thing !
What does this mean in reality? I don't get why a top accountancy firm would reject auditing a big company? It's not a reputational risk for them unless they fail to do their job properly?!