Member Info for Franalex

It actually can. Very often in the early years of a company, normal formalities are not followed through, most particularly key agreements have not been fully signed (done on verbal agreements) board decisions and minutes not fully documented, personnel records not correctly kept and a myriad of other issues, that when a purchases lawyers start going though, take an age to deal with.

Not really astonishing when you consider the Boohoo involvement who excel in shareholder value destruction. Board changes they supported were ridiculous and looked so at the time.

Another excellent set of results, further adding shareholder value. Shows what a well managed, multi distribution channelled retailer can achieve in exactly the same economic environment that the BooHoo management have consistently failed to exploit.

Surely not after the early morning prediction that “shorts were going to burn” - again!

It is quite common but does not always work out well as it adds a significant extra cash drain on the business every year to make the lease payments. If the freed up funds do not generate additional cash flow then the situation gets worse and Boohoo have not covered themselves in any kind of glory when it comes to investing to generate trading cash flow in recent years.

That was my view when the original bid indications came in. Have been a user of their cards for many years and a shareholder for several years an investment made on the back of the product which is great in Europe although less so in USA whereI have experienced quite a lot of acceptance issues; I genuinely thought there would be more parties with an interest in acquiring the business which would have lifted the price. Still not out of the question but looking increasingly unlikely. Do not really understand why the current share price is so far off the indicated bid.

Agree they should get it financed but financing costs have got significantly more expensive in the past two years. Have seen PE deals closing with 12% rates on debt finance in last 3 months and very unlikely it will all be done on equity.

Frustrating but not surprising. Over the years I have worked on 2 (one private one quoted PLC) that went on well over a year and several others that took c9months. The advisor fees on both sides will be huge by now so hope it completes but thought the price may have been closer to £1.50.

Interesting that IG Index will not take opening orders for Boohoo at present. Only allowing existing positions to be closed.

One is a well run business with multiple access to the market, the other isn’t and the share price history (even ignoring Next dividends) tells you everything you need to know. Why would anyone at a senior level in Next have the remotest interest in moving?

No. Got stung once many years ago on Marconi, that industrial giant that could never go under and have learned not to go chasing falling knives and Marconi was massively bigger and more diverse than THG. In addition my valuation assumed that Cash flow would be much better than it turned out to be. Just hoping for a bid now.

Yes THG that I reported on that Board. Thought it was grossly over valued at IPO and set an entry point of £2 which I thought was fair value. Got that horribly wrong.

I have certainly made money. Once I saw what was going on, used IG index to back a fall in share price. Exited yesterday in substantial profit.

And his impact on shareholder value had been?

The consequence of getting rid of those who fixed the situation and replacing the BOD with individuals with a track record of destroying shareholder value at Boohoo. Blame the management not the market.

Oculus, not really surprising as the Boohoo BOD seem incapable of managing their own business to deliver shareholder value and now seem to be imposing their business practices to Revolution Beauty with similar destructive effects. They were far to quick to put their own directors in place and that has demonstrably failed.

Yes also in via HL but goes against my better judgement and fear it may be throwing more money away. Had always been in the risky element of my portfolio but has probably moved to the pure gamble territory.

Too much influence from Boohoo directors who have excelled in shareholder value destruction.

Remember people calling the bottom at £20, then £10, then £5 and continuing to “average down”. This had been falling knife territory for years and it had not been possible to open option positions on IG index for months now. A total gamble but when you get another RNS like todays you realise they still do not have control.

As I have posted before, the ability of this business to unearth further bad news seems to know no end and has been going on for years. Another major mark down in share price? It had not got much further to fall.