Shaa, the people DW is selling to want the rise you are talking about to sell their shares into, that is the ones who haven't forward sold already. They won't want the risk of the actual results. It's all very well saying the sp will only be higher after this, that or the other but markets are more complex than that, rises on expectation and falls are common after companies announce deals or results if the expectation was for something better than the outcome. Add the effect of running the clock down on the CR by leaving it to the stage you are talking about makes it far more of a gamble than you make out.
If you notice, PIs are the gamblers here, DW and the so called sophisticated investors who take these placings go for certainty every time.
I remember that thread MW93, it was also obvious that the two quarters had only just been met from the posted figures for the cash position as at 30 September. Yet we had PostiveVibes posting just the other day about how the cash wouldn't run out until Q3 2021 and telling folks that the CR would be next year at 1p plus. Seems to be keeping a low profile today.
Chrisev1, Cenkos are 88e retained broker, look at the foot of historical RNS. You make it sound like it is a coincidence that they write nice things about the company and then handle the placings. It's simply their job.
Without knowing what the base percentage is for the FO and the percentage the partner would want if they threw in a decent lump of cash it is difficult to determine how good the latter option is. The sp will be affected by disappointment if it seems too much has been given away, there's no free ride.
Similarly it is all well and good praising the speed of the deal but we don't know what the terms are.
I'm reserving judgement until more is known, just as I would with my own major business and personal financial events.
onlyking, Boo will get a new auditor come what may - if we can secure one ourselves we will have one appointed for us, obviously the former is preferable.
Not to be confused with a Nominated Adviser (NOMAD), which all AIM companies must have, walking. In that case, the company must find another within a set time or they cannot remain on AIM.
Our Nomad, Zeus Capital, has supported Boohoo throughout its life on AIM. I'm wondering whether memories of AIM debacles such as CTAG where the Nomad resigned and it delisted are giving undue prominence to our situation with the Auditor, despite them being entirely different scenarios.
The quarterly report as at 30 September stated 88e was cashed up for a further 2 quarters in the section pertaining to future funding intentions, there was much discussion here as to why that was answered as 'N/A' (It was only relevant if funding would be needed within the following two quarters).
I also remember commenting at the time that the two quarters funding were just met by single figure thousands dollars of reserves.
Two quarters funding from the end of Q3 2020 takes 88e to the end of Q1 2021, funding is needed for Q2 so will need to be done in Q1 at the latest.
There are enough unknowns here without ignoring information that is set out in black and white.
Bablake, Tesco share price just as terrible as Sainsbury's over past fifteen years. Aldi and Lidl didn't see the need for home delivery and have wiped the floor with the incumbents.
Of course there will be some challenges to booboo but your potential scenario is just that, there are many other possibilities that don't involve boohoo just shrugging and shutting up shop. The 200 to 1 outsider could beat the favourite, but the odds give a weighting to the possibility whilst your musings on a rather tenuous link to two supermarkets that are both still very much in business fail to do.
Kando, In an extraordinary far fetched scenario that there has been something occurring of similar magnitude to the BHS debacle, you think resigning would distance PwC from it, despite being the auditors in place when it played out. Seriously?
Pretty clear to me it is just the association with what we all know about, if there is more PwC are actually drawing attention to themselves considering the new outfit will slate THEM as well as us IF that were the case.
bigpat, irritating as the guy can be, he has stated that he isn't in and makes a point of avoiding being in before a placing but has said he can see a trade in buying in after a placing but getting out before drill results (assuming a drill is happening).
That does make some sense based on what has happened here year after year.
Have you got a reasoned response to the point I made earlier and DavidLaw has reiterated PP1? I expect more from someone who reads the FT from cover to cover.
Not a fan of much of what goes on at Westminster and in for 12k shares here, but I'll start reading the Beano from cover to cover before I sign.
PP1, be careful what you wish for, no sane person would take on the roll for less than a half decent plumber earns. That means you get a parliament full of the multimillionaire type MPs for whom a wage is irrelevant, all furthering there own interests and those of their city hedge fund pals......
I bet it's been misery in the offices and boardroom, no coffee and biscuits, bring your own toilet paper in. If they'd spent an extra 334 Aus dollars a month under 8.1 then 8.6 would have been under 2 quarters leading to 8.8 needing to be answered. At the moment DW has left us to fill in the blanks.
The big audit firms are quite sensitive at the moment, they've had the spotlight on them for issues around auditing and carrying out lucrative consultancy and advisory work for their client companies and the potential conflicts of interest this involves.
ShareExpert, 'Any big company will always keep the customer happy'. If that were true there would be no need for the many 'Ombudsmen' to whom customers can take their complaints, and often have them upheld, when they've reached deadlock with the offending company.
15:40, yes I know about the Greens own money, £1.2billion divi fifteen years ago.
Any personal funds attached to the Greens come with a question mark now, selling BHS for a quid to a bankrupt to walk away from the pensions of 20,000 people is not a good start (in fairness he made a substantial payment after he was ordered to, but the post Covid outlook for scheme deficits means the deficit will likely be back to square one) for a comeback, that's after the Arcadia CVA last year.
It's not just the Greens and Arcadia, the scourge of vast numbers of companies with debts and CVAs, and withholding rent etc is that they have been intentionally loaded with debt in the era of cheap borrowing, not for growth and investment in many cases, but to extract dividends.
I'd be amazed if Sir Philip stuck his head above the parapet.
A point to remember, even if customers drift away to more more upmarket brands as they mature into their thirties and beyond, there is a constant supply of new customers as children become teenagers and begin spending their own money on clothes and fashion.
14:44, Topshop, majority owned by Arcadia. Think the pension regulator would have something to say about taking over boohoo whilst the matter of the huge pension deficit is hanging over Arcadia. No substance again in what you are saying claresmith.