Member Info for bon_scott

Absolutely J, they claim they have a Credible Plan. So Credible that they won't tell anyone what it is. They also reckon they're maximising shareholder value. Well, at 27p, I have to say I'm not feeling overly maximised. Maybe a £1M share award on top of my ordinary salary would make me think differently about things?

"Strange Bon Scott that you can't see any elements of a plan"

Come on then tradey, the man who claimns to have all the answers. Show me the company publication where the "elements" of a Credible Plan can be found. Not just your own vague personal list of made-up twaddle.

Odd that you can't point to anything formal, much less anything of note which has been delivered in pursuit of it! Typical conman behaviour.

So, the share price dipped into the 27s this morning. What a ringing endorsement for the business performance. Clearly the Credible Plan is making its mark.

"One way to sure up the sub 30p logic to assume basically.

Been held at this price for frasers has been the sales pitch for sometime along with bfd (uncanny eh)"

Exactly Spidey, I see Captain Conspiracy (both of his alter egos) is at it as usual, all day and all night. His most recent weekend rampage was legendary. Never seen someone so close to imploding, but anyway, back to busines:. What tradey 1 & 2 fail to ever acknowledge is that that there have been vast tracts of time when Frasers have NOT been buying, yet the share price remains in the sub-30p doldrums. By that insane logic, the MMs would have been suppressing the share price needlessly for months at a time, willingly hobbling their own business for no benefit whatsoever.

Couldn't possibly be that the rotten mismanagement of the company is the more likely explanation, eh?!

Just buy Boohoo out for a quid a share, and let's all move on with our lives. Of course, it means that tradey will take a 70% loss, but hey... you can't have everything.

Pity Dan can't talk about Christmans results and about a Credible Plan.

The most information I've heard so far is a running tally of the number of days spent in the job.

Nice fat share award received in this time though, irrespective of achievement or the lack thereof.

Amazing... tradey logic dictates that anyone of a differing opinion = uninvested. The world makes sense again.

I myself heard rumblings earlier this week about the Burnley DC. What a kick in the proverbials it would be if they were proven to be true. Who would be surprised though, given the company's tendency to hide bad news. Next-level bad.

"Anyone with Bon Scott in their corner should really see the stupidity of what they are posting"

Nobody is in anybody's corner, Mr Conspiracy. There's just a clear-as-day acknowledgement that the company's situation is extremely precarious, and so incredibly needless.

"The real problem was that inflation, which everybody thought was transitory and a war in Europe which nobody expected massively slowed down economies and increased costs. "

See what I mean? Any excuse, instead of the truth, which is that the management went loopy with their commitments, and failed to implement even the most basic of efficiency and cost control measures until it was too late

"The fact that they couldn't foresee that the COVID boom was momentary should be alarming."

Exactly, Crawshaw.

Nah, let's go beserk, coz loadsamoney!!!

"Younare so petrified you can't even bring yourself to actually post the real figures - you should come with a wealth warning."

Coasty, I wouldn't bother. He lost his mind (most likely due to losing his shirt) when Boohoo went off the boil around 2021. Spent literally all his time since fantasising that all is well, all will be well, and there's nothing to be alarmed about. COVID, economy, war, government, other companies, basically any and every conceivable excuse to avoid acknowledging the real issues at play.

"You can be individually talented and be in a sector that is having a challenging time, the idea that Lyttle is not at least slightly competent comes from emotional shareholders with underwater portfolios. Similarly Dan won't come in and change things overnight. Basically Boo may have been facing macro headwinds, made collectively bad decisions and also been full of talent. It can all be true at once."

Excellent comment, Northern, well said.

So if we're really really good boys and girls, we might get a capital markets day in March, eh? A whole ten months after it was proposed.

Anyone care to guess at what the content will be? I'm betting on buzzword heaven "exciting", "game changing" (just like the US DC was), "capital light", "coming soon" and "watch this space". So basically, the masterplan is to flog some of our clobber with a sprinkling of other people's thrown in, and hope that punters come to our website and not others. Accurate enough?

Oh, and a massive dilution event because the company is continuing to haemmorhage cash and the board are getting restless for bonuses.

"If you genuinely believed it surely you would follow the first rule of investing on your supposed shares?"

There you go again tradey with your codified instruction to sell shares. You're fooling no-one. Again, I tell you that someone of your incredibly poor investing record is definitely not qualified or authorised to give trading advice, and besides that, it is against the rules of the LSE website. Reported to admin.

It's all there, tradey, if you can only be bothered to read, but it seems like you'd rather just furiously throw your weight around as usual:

"Nil cost options over 1,000,000 Shares were granted to Dan Finley pursuant to the Company's Discretionary Share Award Plan, equating to 0.07% of the issued share capital. This award forms part of Dan's remuneration as Chief Executive of Debenhams prior to his appointment as Group CEO on 1 November 2024. The options vest in three tranches on 28 June 2025, 28 June 2026, and 28 June 2027.

In addition, nil cost options over 3,793,104 Shares were granted today to Dan Finley and 3,500,000 to Stephen Morana, equating to 0.52 % of the issued share capital. These awards form part of the terms and conditions of Dan and Stephen's appointments as Group CEO and Group CFO. Dan's Award vests and becomes exercisable immediately. Stephen's Award, which was conditional upon continued employment 12 months after his appointment as Group CFO on 19 February 2024, vests and becomes exercisable on 19 February 2025."

Given the perilous state of the company, I would view it as being highly appropriate that these were all deferred until group as a whole was returned to profitability, if at all. Any other decision just comes off as being cynical, especially on the back of the "£2M for Umar" disgrace only days before. You just can't bear to acknowledge it, can you - how bad an impression it makes?

When the company is struggling to the extent that Boohoo is, would you not consider it to be more appropriate for the board to defer their awards and/or bonuses (call them whatever you want) until such time as something positive is delivered and the company is on the up and up? How on earth did the remuneration committee consider this to be appropriate? One would never begrudge awards being dished out if there was something positive to show for their efforts.

Why do you condone rewarding people for chronic failure? Do you actively enjoy being mugged off?

And he probably is actually reporting himself for real, coasty!

And so, after last night's emotional outpouring of sympathy for the board, consider this:

We are 3.5 months into a strategic review since Finley took the helm (spoken firnly tongue in cheek). This means the company, up until their hand was forced by Frasers, were continuing on their merry way without even considering why they were doing so badly.

Still no admission from the board that they new the US DC was a dud long before they closed it. They surely didn't just wake up one late-August morning and decide to shut the thing! Although I wouldn't be surprised either if this was actually the case. It must have been known for some time that the DC's performance wasn't working out as envisaged. And that surely means that during the May results time, they knew this but didn't mention a thing.

Two of the major BODs needed a million quid apiece by way of additional motivational shares, before the real work even got started. It isn't a good look, is it?

Can anyone piece together from this why there might be a significant undercurrent of shareholder unease?

Thanks cooler for parrotting all the catchphrases that we'd already heard dozens of times. If of course your tale is even true.

What you didn't get though was an any sort of admission of the neglect, complacency and astonishing greed that has led us to this point and any acknowledgement that things could or should have been done much, much better.

Just like tradey, don't go blaming other shareholders for your own predicament.

"Last response to you btw, as I've no interest in helping you fill your otherwise empty day bickering"

Ha ha, despite being the one who gleefully started it all.

Remember everyone... he isn't trapped in this... he's "invested". 👌

"And yet you apparently haven't sold the supposed shares you allegedly own. "

Careful tradey, this sounds like yet more implied trading advice, which someone of your incredibly poor investing record is definitely not qualified or authorised to give. Reported to admin. Oh, by the way, you're getting all worked up earlier than usual, aren't you? Your tantrums always seem to be reserved for the weekend.

For those who may be new to the forum, I present to you the user formerly known as Trading4good, who is trapped in this turkey at between 350-400p, and whose speciality was pumping out thirteen thousand abusive posts before he was banned. Revinvented himself as Bfdinvestor, with a mysteriously reduced average of 35p, but exaxtly the same domineering and abusive posting style.