If you would like to ask our webinar guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund a question please submit them here.
Well, Reardon95, Level 5 did state that the board "... are streamlining their reporting processes so you get more good news. It was a good time to carry out this work as December trading wasn't that good."
Can't fault them in that respect, as they've streamlined the outflow of information to absolutely zero. Can't get more streamlined than that.
Absolutely staggering that a "strategic" decision was taken to open a warehouse in Daventry at a potential total outlay of £50M (as per the Retail Gazette), only to "strategically" close it two years later, with further exceptionals to be booked to achieve the closure. Is there anyone competent on the board? Anyone at all?
"Reporting processes are being streamlined - which means counting anything that makes good news while locking away any potential bad news. So lots of good news to come & investors will be chuffed to bits with the superb performance of the company."
This is tongue firmly in cheek, right?!
If there's one constant from Boohoo, it is a reliable and consistent theme of scandal and disappointment. Why would things suddenly be any different? Fanciful, thinking some kind of corporate action will suddenly change the company's fortunes.
"He is a very happy guy considering his company worth is shocking. His posts are to me showing an encrypted message."
I see a very satisfied guy who knows he's continuing to be paid millions while his loss-making company languishes. A guy who's down to his last £60M, but is relaxed in the knowledge that all the other investors were hit hardest.
Not a good look, in my opinion.
Legend has it: the Boohoo board wrote the chorus lyric.
https://www.youtube.com/watch?v=0-7IHOXkiV8
Time and again, the management proves just what a cluster they are. This outfit is not run for long-term prosperity, shareholder value, employee benefit or anything else. It's a lifestyle outfit, intent on carving up anyone anyone outside the golden circle.
"to get your money back you have to sell which is exactly the meaning you implied"
But actually, he doesn't imply anything of the sort, oh wise one. If he said he'd sell at breakeven, then that's that. But he didn't. Not even close.
And you honestly wonder how you could possibly be mixed up with an obnoxious, self-righteous former board member.
"So what if they are?
We are at 35p, im wanting my 41p back.
As i have already said its nice to be at least even - doesnt mean im looking to sell though, does it, as you suggest."
You should have sold when it topped 100p just before Christmas. Oh, wait...
Spk99... calm down, dear. Forever throwing your weight around. Your implication to sell was crystal clear, and you've been rumbled.
"Nothing has been released or reported through any form of media, including local papers and radio. There is nothing, that is the evidence, there is none."
I must say, I was loving your recent logic: if something cannot be viewed, then it doesn't exist. Any classified document fails to exist. Any redacted content in a document fails to exist. Anything unreleased, unpublished, lost fails to exist, and by your logic, failed to ever exist.
Absolutely hilarious. You intellectual collossus.
Daytradenovice... Fun punt or not, all investors deserve to be compensated for having invested their money in a company. If buying in the low 40s was followed by a yawn-inducing 3-6 month sortie into the 20s and 30s, I'd argue that it would be an insult to exit with only a 1p profit. I'd therefore advise you to hold for substantially more.
And don't waste any of your time justifying yourself to the board's latest self-annointed know-it-all, much less heeding his/her demands to sell at x pence. The agenda is clear: censorship. Telling you to sell up and clear off, leaving one fewer dissenting voices. A tactic reminiscent of T4G.
Honestly, they have to start keeping their noses clean. A littany of transgressions. Don't they realise that media publications are desperate to latch on to anything remotely contentious?
https://inews.co.uk/news/boohoo-owners-timeline-scandals-2848950
Nice try at wriggling out of it, coasty, but you've been caught spouting total nonsense (yet again).
So you're essentially claiming that "Without that ITV show, public awareness didn't exist". To claim that multiple national media outlets made less than 1% of readers/viewers aware of a huge national scandal over the years is ludicrous.
Stop being a puppet for trading4good.
"if you asked 100 people 6 weeks ago about the horizon scandal or Alan Bates you would be lucky if one person knew about it - now after the itv program every person in the land knows about it."
Tosh. Absolute twaddle, as your idol used to quip.
The Horizon scandal has been brewing publicly for way more than a decade, getting high-profile coverage in parliament, by Channel 4 and (I'm convinced I recall reading the articles) the Daily Mail. Even the BBC has been chasing this madly since 2015. The evidence is still there for all to see on the web. All of this was long before ITV churned out a televised drama for the morbidly obese plebs to gorge on.
You really do embarrass yourself, coasty.
"this board is like eastenders, you could turn off and drop out. go travelling for two years and live your best life. come back log in and pick up the plot in 10 seconds."
Agreed, Buffaloben. The plot goes something like:
2021: Coasty massively underwater and trying to mask it.
2022: Coasty massively underwater and trying to mask it.
2023: Coasty massively underwater and trying to mask it.
2024: Coasty massively underwater and trying to mask it.
"So what are we saying then? This bag of crap can't even agree a trading update date?"
Yes, Voltaire21, that about sums it up. Management can't even bother themselves to update their shareholders or the market with how (badly) the business is doing. Absolutely staggering how the existing board is allowed to remain in position. I hope Ashley wins control and guts the place.