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Figures are irrelevant at this point, director buys are irrelevant too, what the market will want to see is Facts of what’s going on in the factory’s, these guys are worth 100’s of millions so the buys yesterday are pennies to them.
Think this has got a lot further to drop, seems they new there was a problem back in 2018 according to that article, they could have quite easily resolved these problems but greed got in the way, the market/investors will be wary for the time being. Heaven help Them if anything else comes out. For me this is a wait for a while to see what Boo are going to do, they will haft to act/rns quickly as I can see £1.50 here easily.
Don’t think some of you are getting it, the drop has got nothing to do with how much ££ is being made here, the recent allegations and big investors will run a mile, you will get this for way under £2 a share soon and much lower.
Anyone who thinks it’s about profit and sales here now are going to be disappointed, it’s completely irrelevant, boo will be made to suffer here and made an example of.
Will take a long time to get back to the £3.50 area.
We’re unimaginable this time last week, share price/profit is irrelevant at the moment, if the allegations are 100% true then the market will make them suffer regardless of how much money they are making, it will take years to get squeaky clean and confidence back in.
The ASOS drop is huge here, the BOD need to act fast otherwise you can kiss goodbye to the last 8 years and more hard work, can easily see this under £1 again. Hope for all invested it doesn’t and the allegations are proved wrong. I fear a bumpy ride the next 3-6 months though.
Great company but this investigation is huge, anybody who thinks it’s going up today is mental, think they will need to act quickly with RNS to stabilise it here, could quite easily see it falling under £2.00 irrespective of profit etc. It’s not about that this time.
Wish everyone gl at the moment whatever they are in, surely the longer Covid virus will play a massive part in retail Company’s? Any retail company that doesn’t RNS a profit warning in the near future is doing well, great company here with honest BOD. Will be watching over the next few months as think it may drop more. Will haft to wait and see I guess. Gl all.
I urge everyone who was invested here to contact various organisations such as FCA, FRP, SFO. You can’t rely on various individuals to do this it needs to be a mass number of shareholders, even if you can’t use a computer then write to these companies, there is no excuse not to get in touch with them. The more of us that do this the better chance we have of seeing justice be done. It will 100% come out what’s happened here.
Alli and pursell won’t get away with it, if I were them I’d be very worried with who’s in the know of what’s gone on here, only a matter of time.
I agree alpha, Certain AIM companies attract corrupt people who run these businesses, if it’s that easy to shaft shareholders like what’s happened here then it’s utterly draconian and needs to be addressed, FCO, FRP, SFO need to start to look into the AIM and what going on with some people, not all I may add. Some people are genuine and genuinely want the shareholders that are loyal to get something back from there investment.
I’ve gone through so many different emotions here as I really thought and believed in waheed/pursell and I now feel embarrassed for them and the rest of the so called TEAM, this won’t get swept under the carpet what’s happened here, it’s actually ruined people’s lives, if you stop and think about it it’s so sad and will be dealt with.
Everyone needs to contact there local mp, regardless what party they are in, this scandal is quickly picking up pace and by doing this adds fuel to the fire, it can’t and won’t be ignored, the big boys already know what’s going on here and regardless who alli thinks he his he will be bought to justice, there are billionaires that have not go away with it in the past so LORD alli and his peanut money will also not get away with it.
Unless alli has the decency to give us some sort of significant compensation then this I guarantee will be discussed (and more) in Parliament. Alli/pursell/turner you can run but you can’t hide!! This is totally scandalous what’s happened here and those who have in some cases ruined people’s lives will 100% face justice. Just a matter of time.
The brand will make it for sure now, now alli and his cronies have made sure he’s got rid of the shareholders they will push the brand hard, before they had there foot on koovs head on purpose, there will be a lot of shareholders making noises very soon, every man and his dog will know very soon just how shafted we’ve been.