Member Info for bon_scott

It isn't greed, vanity, massive waste and chronic mismanagement leading to terminal decline and likely administration... it's an exciting capital lite fashion-led marketplace! Hip hip!

So even the mainstream press are mentioning just how dire the company's financial situation is: debt addled, running out of cash, incomprehensible amounts of money blown on daft vanity projects.

So basically, the youth brands have gone to rack and ruin. What exactly were the management of those brands doing during the last four years?

Never affected salaries, bonuses or share awards to any great degree though. Funny, that.

I just hope that all the parties, flying around, boat trips, showing off and hobnobbing with celebs was worth it.

Well, the market really responded well to today's update, didn't it? Only the thick end of 5% down.

Still seeing some on here retreating into their fantasy excuses, "orange man bad" and all.

Fact is, the players in the market know BS when they read it.

"I think you need a helper for your posts.

Mostly wrong words, in the wrong order, with bad punctuation.

Maybe you should spend a little more time educating yourself and a little less time proving your ignorance. Alternatively, you could post somewhere you have an investment, but that would probably limit you to sending a letter to Wetherspoons"

This is what happened last time, during the days before your last account, Trading4good, was banned. Having utterly lost the plot, you spent your time picking fault with people's spelling, punctuation and grammar. Quite sad, actually.

All the more ironic too, given that you are frequently unable to end a sentence with a full stop, as was Trading4good. Funny, that.

"I get that Boohoo's share price is struggling right now"

Masterful understatement! WWII was a mere skirmish. Hell is just a sauna. 4-5yrs of decline with virtually no retrace. Yesterday, it hit a 10-year low. Nothing positive business-wise to speak of since 2021.

Dipped into the 24s now.

Remember last August, when the share price inexplicably began to fall? Mid thirties to mid-high twenties in the space of a fortnight? No news to speak of? Well there was indeed news, but us mug punters knew nothing of it: the closure of the "absolutely game changing" US DC. Of course, those in the know doubtlessly were able to sell up...

Anybody else able to draw parallels between last August and today?

"What a disaster...

Dan has been a disaster...

The vote for Kamani has been a disaster....

Glass Lewis's recommendation has been a disaster...

Umar coming back has been a disaster...

Someone will write a book about this disaster....

Debenahams worth 400 million my yarissssss🤗😂"

I hope there's a public inquiry following this disaster.

"everyone there having a great time whilst ashley nicks there company!"

So many questions, tradey2:

In what way is the company being stolen? As far as I can see, shares are being legitimately purchased.

Is Mike Ashley personally buying Boohoo shares?

Is the share purchase being personally commanded by Mike Ashley?

In what way is it "their" company? As far as I'm aware, a listed company belongs to its shareholders, not any select person or group of persons. Nobody has any divine right to call it theirs.

You seem a bit upset about it all, to the point of derangement.

Get ready everyone - this is the part where, instead of acknowledging that Frasers have opportunistically snagged a bunch of shares due to the super-depressed price (because of the company's bleak outlook), tradey goes on the rampage, screaming "I ToLd YoU sO! It WaS bEiNg HeLd DoWn FoR fRaSeRs ThIs WhOlE tImE! cOnSpIrAcY!!!". Brace yourselves.

So, 25.36 low today. What's the betting that we dip into the 24s tomorrow?

Credible plan? Not necessary. All we need is a couple of videos where we go all teary. That'll turn the operation around.

I see tradey is on patrol as usual, lashing out in spite of the obvious. Could have made a mint at Nuremberg, defending the indefensible.

"I agree, unlikely they will take on board as poor performance is currently being rewarded and this is the issue. Needs to be alignment between shareholders and management otherwise it erodes trust (even further)"

If only we could vote a strong character onto the board who would be keen to correct this disgraceful behaviour...

"5) Align performance reward to share price uplift. To incentive leadership and to align with shareholders, bonuses need to be contingent on revenue and share price targets as well as ESG. So bonuses are determined by 50% pay out if the share price reaches 40p and stays there for a month, 30% pay out where revenue grows by 10% and 10% pay out when ESG targets are hit and 10% for staying in role. "

Great post Kachra. My issue is that despite your proposed reward structure being perfectly logical and justified, I can't possibly see any of the leadership team agreeing to it due to them presently being rewarded so well for complete and utter failure. No consequences whatsoever, so no incentive to change.

So, into the 25s we descend. Ninety-five percent down on five years ago. Not one single positive thing in recent years to convince us that a recovery can happen.

This is what happens when you let a perfectly good business go to ruin while you chase ego-driven vanity dreams, all on the never-never.

Don't let underwater conmen like tradey con you into thinking this is all manipulation and the like. Painful as it might be, I'm preparing myself to take a total loss on this.

"Guidance here stated growth in GMV in H2. If that hasn't happened don't you think there would be an RNS southcoast"

You keep mindlessly defending them tradey, year after year, and each and every time the results are ever more appalling. Total denial.

"Umar crying in the video."

Why? Is £2M not enough to make ends meet?

No mention on this list?

https://www.dailymail.co.uk/money/mailplus/article-14450505/cheap-UK-stocks-shares-investors-bargain.html

Can't imagine why...

So, down through the 27s into the 26s today. Any desire to defend the share price from the company? Even just a teeny little bit of communication to spark some reassurance? Or do we need more bonuses and share awards to stimulate that kind of action?

Pick your cop-out excuse for this week's dismal performance:

A. Manipulation

B. Fake drop

C. Economy stoopid

D. Hexam

Cast your votes, everyone!

"Ennismore reducing their short position means they would have brought a bunch of shares. So why would the share price go down?"

Well mt11, basically it's like this: the company makes massive losses, can't stop stop hemorrhaging money, keeps chucking it at ill-fated white elephant ventures, revenue is declining, is unprofitable, the board has no plan to turn the things around, doesn't communicate and is preoccupied with filling their own pockets with massive salaries, bonuses and share awards in the time remaining for the company. And so... not too many people are interested in buying the stock, a lot more are needing to sell, and hence the laws of supply and demand mean that the share price continues on the path toward the bottom. Note: the price is below IPO level, and is now only 2p away from its record low.

Of course, that's just my view. Others on the board will say that it's all a giant conspiracy due to dark forces, market makers, big corporate buyers (who aren't buying funnily) and market manipulation on a massive scale. You have to ask yourself which scenario is the more likely.

The "Monty Python Black Knight" - ha ha, he was never wrong either, was he?!

Share price drifting lower and lower, with no positive developments of note. Pumpers like the Black Knight imitator will scream conspiracy and the economy, all the while ignoring the mismanagement which is at the heart of the issue.