RE: Bloodbath16 Apr 2024 10:17
Oooo i see those goalposts have been moved to the centre circle and the deflectometer is on maximum warp drive again, always the same with old tradey/new bfd, deflecting away from the answer already provided, as below.
"Because Coasty hailed it as a stellar recovery play, that's why. Take it up with him."
Anyways, we all know The BOO brand is tarnished - had nothing but a serious drubbing for the last few years, and i dont recall anybody investigating Sdry for any shortcomings? In fact id maybe go so far as to say, with its drubbing and absolutley p1s5 poor PR efforts the BOO brand is now an actual liability! Sure as eggs are eggs nobody is buying the company story anymore, are they?
Debts, well, they are running on credit it would appear at the moment, happily munching through others money using the now reduced RCF. Perhaps they have planted a magic money tree to replenish that at some point?, one previous lender refusing to extend a good portion of it, as clearly with the forecast declines in revenue those servicing costs are under pressure (im being kind there).
As for high street stores - well an online seller wouldnt have any of those would they! They have however tried a pop up shop (was that waste of time repeated aagain - nope) and they have, through further scandals being exposed (labeling) been forced to close their 'centre of excellence (cough) in very short order, possibly to pop some coppers back in the till.
So, why given all the scandals, poor PR, and desparate position the company is in, in a growing market as well, wouldnt the still totally silent BOD fancy taking this back into private ownership?
It would make sense, they have rinsed the shareholders once (more if considering the PLT overpay) and enriched themselves with multi coloured lambos etc etc, all paid for at the shareholder expense, why indeed not try it again?
I mean that bargain basement share price - all the way down from 432 to 34p - some 90% decline, has shown a stellar performance from the "growth" companies board. Most firms would have booted them out for being slack a long time ago.
But dont worry, its all great in the BOO world because some faceless mug on a website said so, lol lol, and has been doing so all the way down.