Member Info for Bfdinvestor

Ocean, where has Ashley said this?

Yes but more likely as a partial spin off I hope

GS20 isn't totally down.

It's just let me create an account, although I haven't yet received an activation link.

So I'd guess beta users are still active

The performance of most of the brands that Frasers have bought has hardly been stellar. Ashley has no track record in rebuilding clothing brands, Evans cycles and sofa.com hardly seem to be stellar either.

I'd agree there are synergies between HoF, Debenhams and Karen Millen and he could add value there. However, he can do that as a shareholder/partner without becoming CEO.

I wouldn't be averse to a takeover offer, however it would be way beyond the scale of anything Frasers has done before I think.

My preference is still for both sides to stop all this stupid willy waving and work out a Debenhams partial spin off

Alex I'm not saying the Kamanis have been good for shareholders.

My average is low 30s, so I expect to make money. So they haven't been that bad for me.

The reason I invested here was for Debenhams, I've been consistent for many months that it is the future. I can see a strategy evolving with the current BoD.

Debt will be reduced, Debenhams I believe will continue to grow massively and the founder of PLT is back to hopefully turn that around. It seems the UK market position has stabilised. So I can see a future.

With Ashley I can see nothing, precisely because he has said nothing about what his intentions are.

He has a track record of pursuing his own self interest, so I'm not sure why so many seem willing to blindly believe in him.

All of the things you mentioned, such as partnering Debenhams with his retail estate could be done without him becoming CEO, if he behaved in a supportive manner.

So my view for now is quite simple. I can see a strategy evolving under the current BoD. I haven't a clue what the challenger position is.

Ashley has no real online experience, he achieved absolutely nothing with Misguided and has basically screwed Studio shareholders.

If you are comfortable supporting someone on hypotheticals, then good luck. Personally I'd like to see something more concrete.

What I am certain of is that there is no way an Ashley CEO/Kamani chairman relationship will work. So we would have boardroom mayhem, with Umar likely leaving as I don't believe for a second he will work with Ashley

I also remain to be convinced how he can work for the benefit of all Boo shareholders when he owns so much of Frasers and Frasers owns so much of Asos

Well I for one am not surprised by that Ashley anecdote

I've been saying since I joined here that he has incentivised brokers to get him discounted shares.

And screw the hapless folk who have to sell for various reasons to satisfy him.

Sure, Big Mike acting in the interests of all shareholders

Yep another whole percent bought in historically tiny trading volumes.

It's being managed just for Frasers and screw everybody else.

So much for Frasers acting in the best interests of all shareholders.

You keep lying i'll keep reporting Spidey.

Nothing else to say so ttfn

Comical, look at the post stats Spidey.

I average less than 6 posts a day here. Nor will you ever catch me posting in the early hours as, unlike you, I have a life.

Why are you here, you never will explain. It's more than a little strange.

Barclays forecast 20p, their forecast of 26p has never been hit, two members of the UK rich list have just paid 31p. Not to mention a new US investor

Yawn

Makes no odds to you either way as you have zero investment

And obviously zero decent in your life

I think pepes research is a classic example of why Ai generated content should be taken with a pinch of salt.

All AI does is look at what has historically been produced on the internet and interpret it

In this case wrongly I think

I'm not sure if there would have been a fund raise if the Kamanis didn't think they had the support of the Ii's

As always, it's the big boys who will decide this, not pi's.

Jeremy will be correct imo in that the remainder of the shares have gone to the US, who will be supporting the Kamanis. Most likely umars connections

Alex, that is all always how accelerated book builds are done. We don't know if Frasers forced their way in or were always invited.

The amount raised means that the placing wasn't pre-emptive, so Frasers could have been excluded legally.

Virtually every placing I have seen this year has been at a 20-30% discount to vwap, so the fact this one was at a premium is encouraging.

The fact the SP hasn't responded shows that Frasers aren't acting in the best interests of all shareholders imo.

£50m has already been paid off debt, another £40m will make the balance sheet look healthier.

From a macro perspective, it looks like the UK business has begun to stabilise, although I'd like to understand what they perceived these headwinds to be. PLT has always been the driver of US revenue and we have the right person there to hopefully now drive it forward and with a significant shareholding to boot.

I'm not sure yet but sometimes it is better the devil you know

equally roger folk should be wary of posters who go from board to board continually posting negative drivel whilst maintaining they are invested in the companies they continually **** off

As I keep saying, rather than using a website to promote himself, Ashley should use it to tell us what his plan actually is, if he has one.

Until he does that he has zero chance of getting my vote.

The continued price action shows he is out for nobody but himself.

I believe the US warehouse has already been sublet

Sharefall how good a job did MA do with Misguided

Or with the other couple of businesses he has recently put into admin

Rather than using a website to say how fantastic he is, perhaps he could actually share his vision and plan for the business

I think you are correct Jeremy. One of the interesting things from the results was the GMV from young fashion brands. At £833m it is way higher than the revenue figure yet i didn't think there was significant market place activity in H1.

The other interesting thing is overall available liquidity seems to have dropped to c£275m, so it looks like the initial tranche of the RCF may have been repaid, orc atleast a part of it. The £39m would certainly pay the rest

Simon we had a couple of weeks of big volume while the sp rose.

The brokers have now totally killed the volume via spread and illogical pricing.

How does this indicate forward selling?

You posted multiple times that you woukldn't post here as you don't want to be like Kat. Isn't a zealot supposed to be a man of their word

You need to head for the confessional or even better a vow of silence

As posted earlier, a placing normally sets the anchor for an sp.

No surprise that this hasn't, as mm's are still working to order fill. The only question is for who.

The Kamani's had gone from 19 to 23% before the placing without seemingly buying. The RNS this morning mentioned multiple family trusts, historically there has only been one.

Lots of fun and games to continue.