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Even if there is a revolt they have been secretly meeting with institution investors, behind share holders backs and most likely to get it through.
They should have gone to all share holders up front and frank and not doing boiler room deals.
southcoastbather, what you said and to me this brings in to disrepute the integrity of the management, could they have had the plan all-along to bring the share price down? They did noting to support the share price when it was tanking 20% a day and not a peep from them.
Why is Kamani pleased to handover 6% of his company for free to others, does he even know that his share will be diluted unless he knows it will go to his family too.
Question also must be asked if we have the right people in the remuneration committee.
From my point of view my average is £3.40ish and this is not a growth plan for me and I shall be voting NO. If they want an incentive how about getting sacked?
Every time this share shows sign of recovery the management blow it, last time it was a monster and on the way up and Kamani stole PLT for his son, it halted the momentum and not been same since. Now just when it had bottomed out and showed sign of recovery , they come out with more dilution and share theft plan.
I don't think it will be allowed to reach 95p now, unless JL, Kamani and few of the other from board are booted out. I don't mind carol taking over as CEO.
Why not let bidding war between Shell and BP., and take it up all the way to 300p. lol and it still wont be all time high.
I think we should take the divi's and let it rise on it's own all the way to it's true value.
It's more of a "theft plan" and time to vote no again, they want to be rewarded for failure. Kamani's family will get more free shares and company will be diluted. Just disgusting management that needs sacking , too shameless to resign.
Please give it a rest and stop gloating, no one listen's to T4G anyhow and if someone did they deserve it, as these are open forums and anyone can write anything., you should do your own research.
I sunk my life saving not because of T4G, but Carol Kane, she was "chuffed to net JL" and I bought in to her hype that he will be really good for boohoo.
I think he should consider his position and do us a favor and move on, how can anyone keep the job with this much destruction is beyond me.
Fira2011 hi fella.
You and I both been there haven we in glen, or was it just Billy and I, lol and we know where the glen is now. after glen I ran in to this, talk about out of pan and in to fire. lol
So it can happen.
P>S is Billy still around? I should pop over and say Hi, if I get time sometimes.
Another thing to remember is not only I am customer because I own shares in boohoo I also recommend it to family and friends because of it. Guess whats am going to do if this gets taken from me, with average of around £3.40?
Don't under estimate power of British public.
No it won't for one the shareholder who are going to be shafted will not be loyal customers and boo will be no more. It's making millions of the back of shareholders.
Then comes the approval of shareholders which will not be achieved, the directors will not agree to it.
If anyone wants to buy it on the cheap then best thing to do would be to buy the share in the stock market and be part of it. and make money on the way up.
Too risky to take it private.
Why have these dealers gone so bad recently? When I joined them they had good potential and provided decent service but now it's all down hill with them.
Requested my Boohoo shares from nominee account from them to convert them in to certificate and send them to me, they flat out refused. They say I can transfer to another broker or sell and get cash, but no share certificates can be issued.
This got me thinking, and I would like to share with you all since it's been less bickering of late and more of good behavior/debate, hope it continues.
In my opinion a good healthy shorts is not a bad thing and 7% or so is not a bad figure for Boohoo, and I also think shorter's can be your friends because they like to make money and today's shorter are tomorrows long's because why make money on the way down when you can also make it on the way up. But what if the shorts are more alot more? but are not reported? What if Trading4good is right and something is going on but it's from these brokers and they would know how to and they have so many people with accounts they get way with using account holders without their knowledge?
If you look at recently between Laguna fund and citadel between them they bought 10% of this company plus Norges, and share barely moved and some of the shorts are hedges for longs or share holdings.
Are these brokers not custodians of our shares and must produce them when asked, what is the law and what are your thoughts?
Well if that was the case why is it not reflecting in the share price? Remember we were told Boo was tanking because of it, but the inquiry has not helped to give it any strength or even to hold at the level it was.
In fact it may have made matters worse.
With almost £2 billion turn over and trading price of 56p is not a brand with credibility.
They didn't need Leveson to achieve ESG. just simply not drawn in to fake news and keep informing that it was not boohoo but it's supplier and nothing to do with it. Also if you are a CEO it's your job not pay someone else to tell you what to do.
Also something important to remember is Carrol, and Kamani family can not buy any more shares, and they had to sell in order to reduce controlling rights.( a good move I think now) I think it was some institution that insisted they do, but JL on the other hand I don't know what s stopping him?
I think if things continue the way they are, JL and Kamani might not get elected next time as directors.
£30% vote against is massive no and if you look at abstains, people who didn't vote and wanted to say no, it could have been as much 60% against.
If I was CEO I would ask for shares to be suspend immediately, for few months at least as it does not reflect true value of the company .
I would then come up with strategy, take it private with all the shareholders who want in. and find funding for those who don't.
Juts ordered something from BT, they charged £9.99 for delivery of small items, if I return them will have to pay for it myself for return and the £9.99 delivery is none refundable. Even if I don't keep the product they will still keep the original P&P.
So I think it's about time Boohoo started a small charge too for delivery and returns.
You are absolutely wrong I am not a shorter, I am a long here,, and like everyone who holds has right to ask question and if the CEO can't support the share price then he should step a side and let someone who can. This is historical low and he needs to finds friends, and it's not happening.
Would anyone else keep a job with such huge failures and loss of value? Remember he works for us.