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It's a funny old stock boo.
Seen it smash results a couple of times for it too drop. I couldn't risk not cashing in yesterday.
It will be back up there. Maybe even today.
Management will need to spend more time going through these points and coming up with a response
Looks like market struggling to justify the lofty valuation against the profits also tbh
On their twitter feed or website racer8.
"This is non-independent research"
Deramping with memes from shadowfall to try and save their short positions, lol.
They raise a lot of very valid points tbh.
This is what deramping looks like guys. Shameless.
I am literally in my overdraft now lol
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?
Hi Nick - where can I find the notes?
https://www.shadowfall.com/wp-content/uploads/2019/01/BOOHOO_ShadowFall_Research.pdf
6. Will Carol Kane reappear in front of the Environmental Audit Committee to clarify her prior remarks when she previously gave evidence?
5. Can you reconfirm if you have received any correspondence from the National Crime Agency (NCA), or another statutory authority, notifying you that Boohoo or its management is subject to an investigation? If so, when were you notified & what is the nature of the investigation?
4. Can you confirm whether members of the Kamani family have had either direct or indirect economic interests in any supplier to Boohoo during the prior three years to present? If so, what is the nature of that economic interest?
3. Is there still only one compliance auditor for the Leicester supply region? Are they still on furlough? If it’s increased, how many compliance auditors are now employed by the group & actively auditing the Leicester region? When were they hired? How large will the team become?
Zero.
2. What percentage of the £367m in cost of goods in 1H20 was attributable to supply from Leicester? Going forward, what percentage of this would you envisage will continue to be attributable to supply from Leicester?
1) 1. Of the £89.8m in EBITDA for 1H20, what percentage of this do you estimate was driven from unintentionally benefiting from the exploitation of Leicester factory workers due to their low pay and poor working conditions in the supply chain?
They're about to get torn a new one.
Their list of points is very, very long
Read their note