Member Info for Bfdinvestor

No AHS I didn't ask you to check my history. I stated that I wouldn't be blowing my own trumpet in the future as I haven't done to date.

The pointless copy and paste you did simply backs that up as it talks about the business not about how brilliant I am.

They messed up by a shoddy tactical implementation of a fund raising at a significantly higher discount than should have been necessary imo. They claimed to value existing shareholders yet excluded most retail shareholders from taking part.

It would be interesting to know where the £250k was placed. I have a suspicion that it will have been mainly with CMC pet investors.

Why not do a proper open offer if you genuinely value your investor base.

If you think they have managed this placing well then you are deluded.

AHS what's your point

As I've stated several times strategically they are doing the right things

Tactically, today, I believe they messed up

What's your problem with anybody saying the BoD here is less than perfect.

The point of a discussion board is to discuss positives and negatives, not to create an aggressive echo chamber

AHS if that BS is directed at me, check my posting history, unlike some I never do "look at me" posts. It's simply not my style.

You seem to have a problem with anybody who thinks the BoD can be less than perfect.

As I have posted already, strategically they are doing things right. Tactically I think this raise has been very badly managed. Especially choosing to use the Cowboy Market Company. Don't say you value your existing shareholders and then exclude the customers of the biggest trading platform in the UK.

If they wanted cash there are better ways to do it than this shoddy one.

Just look at the proportion of algo trades Jeremy

Today has all been about shorts again.

Rahar thx

Sunny side🤞

I got the same message from HL

So two of the largest pi platforms in the UK are unable to participate.

A simple question to the cowboys at CMC would have brought this to light.

Why on earth did the BoD evr choose to use a bunch of wide boys.

So much for valuing their existing pi base

As posted earlier, today has really tried my patience with the BoD.

Short term there is absolutely nothing good about this placing. Let's hope medium term is better

Southcoast you don't have a clue if revenue is still falling, or if so at what rate

So far today 1.5m shares have been traded. Most of which are algo trades, which can only be done by direct market access.

So it's either shorts or a broker on behalf of Ashley.

And you continue to spout that he has the interests of all shareholders at heart.

A few thoughts from me

1. Anybody who read this morning's RNS and says they are happy is lying to themselves. The business shouldn't imply it is cash generative and then raise almost immediately after.

2. I guess today's raise puts yesterday's strange sp activity in to context. CMC have form for this type of behaviour. There is always massive selling beforehand and the discount is always c30%. It's symptomatic of how poor London markets are.

3. It does create an opportunity to add a small number of cheap shares. I'm waiting to hear back from HL to see if they are participating and, if they are, I'll be requesting my minimum purchase amount. Small amounts always seem to be fulfilled whilst big amounts don't.

4. The most likely use of funds is Easysend, in which case they must have found a compelling cash generative business case. Which would obviously be good news.

5. At the strategic level the plan does seem to be coming together. However, I'm not going to lie, this raise has damaged my trust in the BoD. Not enough to consider selling, but tactically it could have been handled a whole lot better

Southcoast statutory profit doesn't drive a company to admin. Cash does.

The vast majority of the £160m loss was non cash. Operating cashflow was about break even if I remember correctly. With minimal capex going forward it doesn't take much change to drive FCF.

How much do you think they have impaired and amortized the brands already Hexam?

Certainly for the labels, given the purchase prices, I can't see how there can be much more to impair.

Genuine question, you are actually far better than me at this stuff

Tiger a lot of the loss in the last couple of years has come from depreciation, amortization and brand impairment.

So it's difficult to say how it will impact the balance sheet. One thing is certain, debt is massively down.

I still think Nastygal will be the next to go

If you look down the tab you will see 11m sales and 20m buys. Which leaves 9-10m unknowns. There was one massive unknown, which I'm now starting to think was a sell. It balances the buys and sells and makes sense of the small rise in sp.

Garries or the Semnet director who has left would be the obvious two candidates

I could ofcourse be wrong and it could be a limit buy order

Nice find Reardon.

Good to see the wholesale bricks and mortar relationships are starting to be delivered. Looks like KM has a few and Nastygal also has atleast one in the US.

Hopefully they can also leverage the retail relationships revb are developing

Crawshaw why even try and include me in your post to somebody else, other than to try to pick yet another argument?

Living your best life if this is as good as your day gets.

Last response from me on this subject

The volume isn't that bad

What is strange is virtually all the trades are buys yet the Muppet makers keep dropping the sp.

Still trying to pick an argument with me Crawshaw

It's pathetic.

Do you genuinely have nothing better to do with your time

Don't know about that sprout but looking at the printed trades it's a little strange the sp has been moved down whilst all the trades are buys!

I'd reckon the back end of this month.

I dont think they would have been able to do any live system testing before the purchase actually completed and that will take a few weeks to test and bug fix

What a load of rubbish Crawshaw

Why waste your time trying to pick arguments with such stupid posting.

90% plus of your posts this year trying to pick arguments on two shares where you have no investment

your life must be unbridled joy

So there you go Crawshaw you have answered your own question. Frasers happy to buy at a higher sp, directors and family happy to buy at a higher sp. The CEO and a number of analysts believe Debenhams is worth the current market cap.

Anyone can post on a board Crawshaw. The question is more why would anybody choose to try to pick arguments on two boards, comprising more than 90% of their posts, when they have no investment in either business.

What would that tell any sensible investor about that poster?