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I averaged down to 95p but wish I’d just cut it loose and accepted a loss, I’ve got way too much tied up here and missing opportunities elsewhere.
What leg up u utter fool!!! hahaha!! the absurdities of some of these posts. So when the crash comes and it well does Boohoo go up to 60??? Everything is going to get burned my friend.
Oke you know I like your postings but can I just flag this in your 7.16 post as it may be accounting in part for your down day.
"Rev B will need to raise funds to recapitalise"
then
"Let’s see how the next move goes but what a trade by BOO grabbing close to 30% for £15M"
How much then will BOO have to stump upon your reckoning?
Fwiw if they REVB get an agreement with Tom Allsworth on the revaluation of Medichem production facilities that he sold to REVB at an overvalued price then maybe not what you are thinking.
1) When this public spat dies down, either BOO will get all of REVB OR they will let the current management get on with it. Either way their 26% is worth a lot more than before.
2) the BOOHOO SP typically dips in the summer period and ASOS has dragged it down...given BOOHOO's results were much better than ASOS', this ought to rerate.
3) US distribution centre opening can't be far off...
4) margin improvements well publicised.
5) keep up the posts Okey...read your incisive thoughts.
Is this the end of the dip back to the upper 40s i hope
I don't have anything specific to contribute to this forum... but I just needed to say what and absolute dog turd of a share this is... why I got involved I have no idea. I just hope I can get my money back at 120p.
Interesting take, so we still do not have full audited set of accounts?
8.10am
10% spread whilst market reviews Rev B accounts
Helicopter view
Rev B IPO’d for £500M 2 years ago
£9M of revenue recognition caused the suspension as auditors wouldn’t sign off until full forensic audit
Close to £200M Rev / specialist chemical manufacturing plant
with sales across USA Walmart
BOO take close to 30% for just £15M and with management only need 14% to take full control - we didn’t take near 30% to not control this one
BOO will rerate on the back of this trade as it plays out
The previous management actioned below
evenue recognition
The Company reached a conclusion that sales of approximately £9.6m made in February 2022 to three distributors did not represent revenue as they did not satisfy all elements
of IFRS15, in particular around the extended credit terms offered being materially outside normal terms. These sales were included in the revenue figures published in the Company’s FY22 pre-closing trading update on 6 May 2022.
Subsequent to the trading update, these sales have not been included in the FY22 results.
The Investigation concluded that
the sales were undertaken for the purposes of meeting sales targets for FY22 and that the sales were made at the request of the Company and included stock items that were not needed by the Distributors.
The Board takes this issue very seriously and we have implemented a zero tolerance policy of pulling forward revenue. In addition, cash collection
is monitored daily and customers with substantial overdue balances are put on hold until their accounts are back to operating to terms.
The Investigation also reported that between July and September 2021 two members of the Board at the time had directly or indirectly invested £1m (in aggregate) in one of the Distributors. In addition one of those Directors also provided a £0.3m personal loan to the owners of the other Distributor.
Revenue
During the year, we achieved a significant increase in Group sales, up 35% to £184.6m as compared to the same 12-month period last year, with the business achieving a record fourth quarter of sales. This is a performance which has been driven by the strength of our globally balanced business – across routes to market, geographies, and an increasingly diversified category set.
Bob Holt has done wonders saving this one for shareholders
BOO sitting there Mike Ashley style
Rev B will need to raise funds to recapitalise
25p to 30p could land this one
£200M a year Beauty revenue and the manufacturing facilities
taking our Beauty offering to £350M a year
Let’s see how the next move goes but what a trade by BOO grabbing close to 30% for £15M
Added another 50k shares, the next leg up will be 60.
So as seen in my local news today. Boohoo have kindly advised the nominated factories of the below. All this will do will drive down conditions in factories etc. Nothing changes...
Fast-fashion giant Boohoo is forcing suppliers in Leicester to charge them less amid a loss of almost £91 million, a source has told LeicestershireLive. And they fear workers will bear the brunt of the impact.
An employee of one of the group's local suppliers, who has not been named, said the company recently sent an email telling suppliers that orders would be "discounted" by up to five per cent. But he added that invoices showed 10 per cent was deducted on orders for brands under the Boohoo Group.
Try the other Boo board.
Boohoo down over 18% today what happened?
This stock is heading for the gutter again when the news breaks.
maybe some opportunity for gutter traders during the volatility
Heavy buy volumes randomly throughout the day, instututions are pacing themselves.
It's a bit quiet here but wanted to ask what BOO holders thought about the company building a large equity position in REVB?
very good chance of hitting 60-62p in march
Will this ever recover, panic setting in now
Up today Down tomorrow as per norm
Well done to investors who bought the recent dip
Well I picked up a clear 5% today and wait with baited breath for the much vaunted 25p although I doubt it will happen IMO.Good to trade I would still take 30p
...of 45p, that may or may not materialise, who would actually place a buy order?
Not even the droid who posts every day about 'buy more' could make a case for purchase.
Will it go sub 30p now? Probably.