Member Info for Franalex

Your money and choice to ignore red flags. Markets up again and this stock down.

Glowaki, agree with you. Did this myself many years ago with Marconi, that industrial giant that was too big to fail; but did. The likes of ASOS are minnows in comparison. The likes of THG, Boohoo and ASOS were grossly overvalued at their peak as many were during the dotcom boom. Like then, the best will survive, most will either go under or be bought for a pittance.

Love your confidence. People have been posting the last of the bad news as it dropped through £40, then £30, then £20 then at £10 the only was was up. If you want a good well run clothing retailer then NEXT, operating in the same economic environment, show what can be delivered with good management and multiple distribution channels.

Your view. If it was as rosy as you seem to think, the share price would not have collapsed in the way it has. Clearly little institutional interest because they look under the bonnet and see big issues on the horizon. Perhaps you should look at potential downside as well as just upside.

As likely to be appointment of administrators as big increase in share price. Total gamble. Having that destroyer of shareholder value, Boohoo, as major investor does not help one bit with their nonsensical Board changes.

Now down over 98% in 8 years. £36 a share in Oct 2016. This has been falling knife territory for several years and so many of those calling the bottom regularly from £15 downwards have been proved foolish. Reminds me of Marconi, that giant that was too big to fail but eventually did. Not worth selling at current level but would not surprise me if it goes lower.

Next continuing to demonstrate to Boohoo and ASOS how to do clothing retail properly against the same economic backdrop and deliver dividends and capital growth. The benefits of a quality management team.

Expecting a return on these shares is like putting a bet on Southampton to win the Premier League, theoretically possible but more likely to be relegated. Have watched this sorry saga unfold for several years and not putting any more of my money in. Like Sirius minerals before them, more evidence that this type of speculative venture is for the big boys, even leaving aside political risk. Always takes far longer and costs more money that the founders and initial shareholders think possible or are prepared to accept.

Looks very bad news. Always knew this share was a big gamble but not sure this is going to survive without total dilution of current shareholders. Would not be the first time on a speculative mining company ends this way.

Have the team supposed to be looking after our interests ever shown any sign of this? Seem their own interests always take precedence.

Claim to be looking to “maximise and unlock shareholder value”. Something they should have been doing for years and have patently failed. MA can hardly do a worse job.

Time will tell but have a significant holding for income purposes and personally planning for a 30% reduction next tax year.

I am a long term holder but realist. History tells us that big companies with this type of yield eventually cut. Vodafone, Centrica, BT to name just 3. In advance of these cuts people were posting similar comments to you.

Suspect substantial dividend cut not far away.

Given the lamentable performance of the business for a long time now, do not see why anyone would not support this proposal. Certainly will have my vote.

Why is it a bargain? It is nothing more than a gamble now. Could double or more or could go under. Clearly little confidence amongst large investors and the continual drop over recent months shows why.

You mean another crap week. Urgently needs major change at the top, it is going nowhere under the current management.

“A little on the high side”! It was ridiculously over valued.

The Boohoo relationship displaying what they excel in, the destruction of shareholder value and continually under-delivering. Both businesses need changes at the top and pretty urgently.

Totally agree with you and particularly with the last point.