Member Info for BrokeNSmoke

Also I didn't state that it was £300k, it was in quotation marks as I was referencing another posters post. I hadn't even picked up on the £300k vs £300m tbh. Good spot :)

Correct me if I am wrong, but a golden share is like 51%+ of voting rights, so yes, every shareholder could vote in favour and his sole veto could block it.

I 100% agree that it is a good takeover share with most of the revenue being in the us. To be honest, previously, I was happy he had the golden share, so that we couldn't get an aggressive takeover and be forced to sell at market lows. I am somewhat less bullish on this share now and rethinking that position.

Would he block it? I have no idea but speculate. He bought significant amounts at much higher valuations so probably unlikely in my view.

Guys, its the autumn statement. I think the skittishness in the markets is warranted

'Reardon being manipulated around by algos'

Oh no! I hope he will be ok :)

Weirdly, I am in green with Boo now, but I have 2 other stinker stocks that keep me up at night.

Also, I would just like to finish that off by saying - I hope I am wrong of course!!!

Redwine - I'm not so sure, we have been continuing to lay off employees, and while many investors like to hear 'cost cutting' it is bound to have a hit on revenue. It feels like we are contracting after just paying high premiums from trying to expand, it is wasted equity. I understand this is historical, but at the same time, how many impairment loss adjustments for goodwill are we likely to see in the future? I am expecting quite a few to be honest. There are silver linings, like the cash positivity post-combination payments, but I suspect future EPS are going to remain low for a while. We are also unlikely to get a hotel chocolat-esk rebound due to the stubborn old goat and his golden share.

'Yes with over one billion spent on assets, current M/Cap at £300k.'

But a big chunk of said assets is goodwill, purchased at market highs and not returning the same ROCE as expected due to the downturn......

Reardon - I assume this was the wrong thread mate?

I wasn't saying they wont, just that the argument that they are opening a Manchester office for that reason doesn't make sense, and if anything pours a bit of cold water on the theory.

If Shein had any interest in BOO then it would be for their IP methinks, and possible distribution network. Boo have a great portfolio of brands at this stage, just a shame they have done a sh*te job of leveraging them over the last few years.

Why go through all the cost of setting up a UK head office if you were planning to acquire one in any case? If anything it makes the Shein argument less likely for me.

Unless anyone's ISA returns less than -72% annually - S4 capital is pretty hard to beat!

Y'all thought T4G vs Pedro was the fight of the century, get ready for the new smackdown between Happy vs DTN in BooHoo showdown 2: Electric Boogaloo.

Did we even manage a month on this board without petty fights?

To be fair, would you invest a ton more if you were a director here? You are already likely sitting on big paper losses from past purchases. Morale is likely pretty low re lay-offs and more planned re cost cutting. No sign of macro trading environment in the near future...

I can imagine that those 2 new IIs that entered in the 60-90p range wont exactly be thrilled either.

I doubt any of us can accurately predict the future here, but I see merit in SCB's argument but to add to it is pent up demand that would of built up over those 2 years for a more tangible experience. Also the fact that if you are going to make the journey to the high street, then less choice there from closures makes that journey less appealing. That said, I suspect that the more the high street declines then the more will be done to save it, re cutting business rates, etc so who knows what will happen.

S4's technology revenue segmentation is down which we were somewhat expecting based on the industry narrative we have been hearing, yet their 'whopper' clients like Google and Meta came in with earning beats from advertising.

Am I missing something?

Ouch :(

I felt this was the case from how quiet they were.

Maybe you're right Nige, I just don't feel confident. Hope I am wrong.

Goodluck tomorrow all!

Apologies to be a negatively nelly, but I feel like if if it was good news we would have had some hint of it. We just have hope the weighted H2 seasonal variation is as promised.

To the points about management not addressing the share price. Realistically, what can they do? Any attempts to positively influence the SP price would be seen as what they are, attempts to influence the share price and would likely only sow distrust with investors. Their job right now should be trying to run the business the best it can be run, and hope that these efforts fall out into the financials which will in turn naturally affect the share price. My biggest complaint with management is the positive spin in every trading update despite the deteriorating financials and whilst I am a long-term holder here, I doesn’t exactly fill me with trust that they are being honest about the challenges and how they plans to move forward.

Pedro - I agree with you on the transitory nature of inflation, but it is interest rates that are really killing us right now, and assuming that they will be reduced in line with inflation reduction is going to be a calculated bet at most on what the BoE end up doing. I am hoping that when inflation reduces down to their target, that they do reduce interest rates to try and stimulate the economy again, but it is worth keeping in mind this might not be the case. We may see the BoE hold at 5+% for a while despite inflation figures (I hope not!).

On inflation - the 16% driver pay rise back in March was a killer, but like you say these costs should eventually filter through to increased fare prices.