Member Info for alex1621

Lyttle strikes me as a mercenary, who only joined the company because the incentive package would have made him a small fortune. It was all about the money. I've never known a CEO to have never actually bought one share in the company that he leads?

The problem when assessing his performance or allocating blame is we don't know how much control he had over anything? The reality is that if you are a CEO of a company and the major shareholder is the Chairman, you are merely an employee, you are not driving anything.

That is fairly recent history at Sports Direct, the share price has gone from 227p to 788p, 3.5 times in 5 years.

But if you go further back they went to 259p shortly after IPO only to fall 88% to 32p 18 months later. Just over 5 years later they traded at 866p. That is an increase of 27 times from the low, and around 3.3 times more than the IPO price.

It is an interesting example of how companies are written off only to prove doubters wrong.

Next almost went to the wall in the 1990s. 26p in 1991 to 10,185p today. If my memory serves me right it was also written off. A £5,000 investment at the low would be £2m today. You would also get a £41,500 dividend.

Maybe they have always been short Boohoo Reardon? But when shorting goes wrong, it can be spectacularly painful. Volkswagen and GameStop were my favourites.

I did speculate some time ago whether Frasers were lending their holdings to shorters, but it was suggested that they would have to declare that?

The timing might make sense if you expected a bloodbath on AIM following the Budget.

I’m not convinced that it is a new short, just one of the many that are operating under the radar. If they cross the threshold they have to reveal themselves.

I would be surprised if there is no official response to the EGM requisition. That would be disrespectful to the major shareholder and also unprofessional. But they may not respond until right up to the deadline.

The more they stifle and frustrate Frasers the more likely that he goes for the takeover, possibly using Frasers paper plus cash.

At least we are seeing some action.

Think I am missing your point ... I don't understand your last post?

Yes, I was a ware of that a few weeks back. The lobbyist worked for free for Reeves. That suggests that the Shein IPO will go ahead sometime in 2025.

The problem is that I've seen many IPO's of companies fall flat after they list on the markets. THG is one example, but there are many others. And if Europe and the US take away tax advantages I'm not sure even Reeves could withstand the pressure to do likewise. Moreover, I can't help thinking there are many short hedge funds compiling dossiers that will be used to raise concerns about Shein - leading to massive shorting attacks. I don't think a model that relies on tax loopholes is viable long term.

A £2 share price would require the current share price to multiply 6.7 times. Seems impossible?

Yet, Rolls Royce has bounced back more than that within 4 years? And 6.5 times in the last two years.

We all have views on possible futures for Boohoo, but the possible outcomes are infinite, good and bad.

Analysts (Peel Hunt/Panmure) have suggested that in a break up the company is much more valuable than the current market capitalisation. Lyttle complained that the valuation doesn't reflect the value of the assets. Ashley has invested because he believes that also. So that is one possible future. Assets sold to eliminate debt or the business sold in its entirety.

The other possibility is a turnaround in fortunes, in other words better trading results and a return to profitability. Given the competitive environment and the complete mismanagement of recent years that hope has faded for many of us. But I'm not entirely sure it should be ruled out. We are already seeing signs that the tax advantages enjoyed by Shein and Temu in the US and Europe are under attack, and I'd be surprised not to see legislation soon. Indeed, a Trump presidency threatens very large tariffs on Chinese exports, which alone could destroy the viability of their business model. It would be wrong to think that Shein is unassailable.

At least something is happening, and the Kamani clan are not able to pull a fast one.

I’m not expecting a takeover from Ashley, but anything could happen, so I don’t rule it out either.

Boohoo has yet to respond to the EGM requisition.

I think we can all agree that 33% - 36% is Free Float. That is still quite large.

Umar was on the list under Kamani's ... even if you add the others is still leaves a pretty large %.

Kamani's = 15%

Ocorian = 5%

C Kane = 1.5%

Others = 0.5%

Ashley = 27%

Schroders = 7%

Camelot = 5%

That gets you to 61% - so even if I missed some smaller institutions the Free Float is still quite large?

550 million shares according to the FT. About 43%.

How accurate I can't say?

Tomorrow will certainly be an interesting day. I think what shifts the SP is either a surprise trading update on the positive side (like a Christmas update) or takeover speculation or an actual bid.

I think that is 11 million shares purchased?

Yes. He's putting the pressure on, but not taking it to 30% ... yet.

I read some speculation that the AIM market will collapse 20-30% if the Inheritance Tax benefit is withdrawn? The general market is red today.

Why do several posters on here keep on engaging with someone whose only objective is to clog the bulletin board with garbage?