Member Info for bon_scott

Yes, I believe that Lyttle must bear responsibility for the abject failure of the business post-COVID. However, he is part of a board. Strategic decisions (I should think) were collective. And so, I think it would be wrong to assign all blame to him. Furthermore, if the rumours are to be believed, he was merely window dressing, with you-know-who calling all the shots. The EGM is the time to make the rest of the board face the music for their "contributions". Otherwise, nothing will change.

"Wow a new short has opened up @ 0.54% - Ehalus Capital Ltd

Plus Qube upped their short by 0.10%"

If history has told us anything, we must never underestimate the board's ability to mess up virtually anything and everything. So far, shorts have known this, and have been right in the most enormous way. There must be further room for share price decline. We shall soon see who's right and who's wrong.

"Next online up 8% and overseas online up 20%! What have this lot here been doing??"

Neglecting their core duties in favour of posing and trying to line their own pockets, tradey2. People have been trying to tell you all this for the longest time.

"Tomorrow we have the Budget. A rise in Capital Gains Tax and the abolition of the Inheritance Tax benefit of holding AIM shares.

Surprised no one discussing?"

Not sure why anyone would be worried about CGT... no chance any profits being generated here from an appreciating SP.

Curious, you haven't bragged about your watch or holidays to Tenerife since the markets opened. Everything alright hun?

"Debacle I don't need to recover my investment, I'm almost at b/e thanks. "

Wow, well done. Are we misreading the current price? Is the decimal point in the wrong place? That's how far away your BE is... needing at least a ten bagger.

"Spideystreet doesn't post for a couple of days, Bon Scott ups his game

Go figure"

Oh dear tradey, getting a bit upset (again) and retreating into "uninvested" and "multi alias" fantasy land (again)! Interesting that you don't challenge this unfounded "mystery middle eastern fund" claim.

Go figure yourself.

"Well Bon_Scott, its looks as though you are going to recover your investment made @70p, as you can expect to hear some very good news, about a friendly Middle East Investment Fund in the very near future."

O Jog On, simply lovely to hear from you dear. 77p actually. As for recovering this, I have grave doubts. This this mutt is getting taken out in the region of 40p, either by way of Kamani family stitch-up or by Mike Ashley smashing the company to bits just to humiliate the Kamanis and walk away with his beloved Debenhams. Neither of them cares what "fair" value is. All of them ccting purely out of self-interest.

But go on, I'll bite. Enthrall me: which mystery benefactor is willing to chuck galactic sums of cash at this horror show? Is there anything you can point to?

If you want to see something really daft tradey, here's one of your posts from 06 March this year:

"There is most definitely a plan, growth will follow. SP and business aren't the same thing".

We're blessed... two articles in two days! Mind you, I'm stretching credibility somewhat when I call the first link below an article. Quite a skill to fence-sit so much, leave the reader with virtually nothing by way of conclusion. The second article however, is more informative, and a little more alarming insofar as it highlights declining attractiveness of Boohoo as a brand.

https://www.fool.co.uk/2024/10/27/where-will-the-boohoo-share-price-go-next-heres-what-the-forecasts-say/

https://www.fool.co.uk/2024/10/26/could-mike-ashley-boost-the-boohoo-share-price-like-he-did-with-frasers/

If I may ask, what is the consensus here? I'll admit, I was oft of the belief that the current lot in charge were going to wreck the company through sheer incompetence and incessant need to show off. But some recent posters speculate that there may have been an inside plan to run the business into the ground to take it private on the cheap. While that may be conceivable, it would involve the destruction of most of Mahmud's wealth and at least part of Umar's. They would have to rebuild from scratch, which leaves me doubting. Any more views?

"Oh I doubt if it will cost you or Spidey anything Bon Scott, other than your time.

Which, once again, you have wasted with a load of hyperbolic nonsense"

Oh dear tradey, I see you having your usual end-of-week tantrum as usual. Look, nobody forced you to go all-in at 400p. It was all you. Pity you can't see the Issa Brothers style calamity which has been brewing for three years, and stand to lose a great deal as a result.

"Interesting listen, skip to 33 minutes for a 10 min overview.

https://youtu.be/Q2Sl6vHoVCs?si=n1-tgRSGUdpSzES7"

Thank-you QuakerJon, good find. The guy creating this podcast summarises my (and surely others') fury with the mismanagement of the company, and describes it far better than I ever could. In summary, when revenues and margins are falling away, to continue with the same level of expenditure is ridiculous. And furthermore, instead of proactively culling non-protifable arms of the business, simply start taking on more and more debt to cover the deficit.

For a management team who are supposedly experienced and competent, it is absolutely preposterous that they should have been behaving this way over the past three years. Where was the forecasting team? Working from home? Exchange rates, interest rates, shipping rates, inflation. All of which have proven detrimental, with inflation being the most predictable of all when the level of money printing was considered. Where were the auditors during this time? Working from home too? Isn't good governance supposed to be part of their remit? Ensuring that business is conducted not only legally, but sustainably (i.e. well placed to continue profitable operations and to grow).

I just can't help but be left with the impression that the Boohoo management team are a cabal of chancers who struck lucky in the last decade, got carried away in 2021, thought the boom would last forever, threw funds at new ventures dartboard-style and today have ensured that we will all pay dearly for it. All of us.

Choo choo! Pumptastic! 100p by Christmas 2023, 250p by this Christmas, and 650p by next April.

"Whatever happens it cannot surely be worse than how the business is being managed now so looking forward to seeing how it develops..."

Agreed, Hexam. Ashely certainly has to be better than the nepo-baby option. Strutting around the corridors of power in decked out in some garish outfit and a those daft round sunglasses (in Manchester, in the winter), kind of like a character straight out of Zoolander. Screaming at terrified staff and firing off all kinds of bragging Insta posts, all while the company goes to the wall.

That being said, I do worry that Ashely is on an outright revenge mission to grab Debenhams and gut the rest just to leave his rival with nothing.

The fact that Philip Green is mediating is the ultimate warning sign of what's to come.

"As to what Qube are up to, heaven only knows - upsides vs downsides makes their increase yesterday unfathomable."

I'd guess that Qube are convinced that the current board's idiocy knows no limits, and that even in the short period between today and whenever action is taken by Frasers, the existing board will still somehow manage to f### more things up, thereby sending the share price lower still.

Well I never...

So pumpers, what do you have to say for yourselves? It was predicted by multiple people on here that Ashely's aim was to take control. NOOOO, you pumpers said. Would never happen. Couldn't happen. Fud moron troll idiots. Well wake up pumpers, because it is.

I can completely understand how the existing board's travels prevented responding to Frasers. Gallivanting around Turkey is extremely demanding for the entire leadership team, requiring one's fullest attention.

"Total pack of lies Hexam."

Ooh, tradey, steady on! You got so wound up, you bit back from the wrong account. Jeremy is the placid one, remember?

"I think anyone here thatnwas posting in cine will confirm that i never posted in cine.

Also superdry buy at 16.5 and exit at around 50p....all posted at the time.

You can't even troll successfully."

Quick! deflect and deny!

Coasty was ALL OVER Cineworld and Superdry as paragons of recovery. Oops.