Member Info for FED1

Ask yourself two questions:

1) how did the BOD treat you previously?

2) how does the BoD treat you when an activist investor gets involved?

I want an activist investor involved.

Frasers cannot steal Debs if you vote for the resolutions.

BFd- your posts are odd.

What does BFf stand for: Boohoo Finance Director?

We are sitting on big losses. Yet you apologise?

This situation is very unusual: minority shareholders are king maker.

Kamani is already King.

Bizarre if you vote for status quo. Ashley on BOD will give minority shareholders more power.

They removed quarterly reports. The last report was very late. They ignore emails. And yet you think MA is the issue?

Voting for Mike brings balance to power.

No one is selling Debs cheap.

Please don’t preach to me how Kamani is protecting us from big bad Mike.

Minority shareholders:

1) got rid off quarterly reports

2) IR ignored emails

3) mgmt said in FY26, whole business be growing

4) dropped positive FCF from last results!!!!!!

I admit that they have done a good job on Debs and stole it from MA, but the business is underperforming the industry.

I think the Kamani’s have too much control.

I think the independents on BOD are weak.

I think MA wants Debs for cheap.

I am voting for Frasers.

I want to balance the power. Us minority shareholders have had a rough time and treated like crap. We. Ow have power.

Have those being offered conference calls already contacted Frasers previously?

Whilst I agree that Boo is undervalued on sum of the parts and we could increase share price by breaking up brands, I think the only past to 70p is demonstrating that Youth Brands have stabilised and the cash burn stops.

In May 2024, we were told that BOO was well positioned now for profitable and sustainable growth across the entire business. It would be able to leverage the US distribution centre. The cause for weakness was high inflation and weak consumer demand.

Forgive me if I’m cynical. The guidance for the current fiscal year shows we can expect more of the same.

I’m just an unhappy shareholder who believes Kamani is responsible and has too much power on BOD.

If you lost too much money:

1) vote for Fraser resolutions

2) vote for Kamani and they will chuck in a Bottom profile for free on Grindr as you obviously liked getting……

How much money do you need to lose before you s nd a message to BOD?

If Frasers lose this, then I worry.

We’ve all lost money. Let’s shake this up.

Silver bullet.

Magic bullet is a blender! 😂

Personally, I am unhappy with the guidance going forward. We were meant to get a fresh slate, not more of the same. Lyttle losing his job is not enough. I am not going to buy into positive spin anymore. I even think Kamani as a vice chairman is untenable. I am fine with him on BOD, but Kamani is culpable. I hope investors are not naive to think Dan is somehow a magic bullet.

Re: the annualised £30m cost savings

There are two types of costs: variable and fixed. Variable costs directly relate to sales in that the higher the sales, the higher the variable costs (e.g., COGS, transport). Fixed costs are headcount, office, SG&A, etc.

When sales goes up, you get operating leverage on your fixed costs and vice versa.

The £30m savings are not increased efficiency (eg, automation, etc) but BOO reducing fixed costs due to falling revenues, and to reduce the impact of deleveraging operating fixed costs.

There seems to be a tacit admission that competition from Shein is the issue.

The previous narrative about Covid overhang no longer holds muster. They have right-sized the business and inventories should be fresh yet still sales are falling. I do believe business will stabilise to a sustainable profitable level and Shein growth will quickly wane, but I did buy into mgmt narrative. Hence why I’m voting for Frasers.

Whilst insider buying is normally an indicator of an improvement in operating environment, I think we can only assume that the primary motive is to increase voting power.

Https://www.fca.org.uk/markets/best-practice-note-identifying-controlling-and-disclosing-inside-information

I’m not an expert, but it seems they can disseminate market sensitive information through press. Only 70% of market sensitive info goes through RNS, a service owned by LSE.

Is this £30m annualised savings on top of the US closure - or essentially from it?

I didn’t listen to earnings call.