Member Info for Franalex

“Mothership finally getting back on its feet”. Wonder who paid him to write that and has he observed the share price.

A word of warning to anybody new to these Boards. Less than 12 months ago, a regular poster on these online retailers posted about RevB when the share price was well above current levels

“ Revb made 11 million profit this year.... Massive year ahead and massive rerate when the profit rises again”

Always do your own research and do not believe that the information you read here is more than an opinion.

I wonder if the individuals who shot down those of us raising red flags last year, saying administration was not on the cards because it had won so many new contracts with products going into lots of stores, are now so confident?

Samb69, the truth is that whenever he opens his mouth in front of investors the share price falls, that was just an extreme example. It is not helped by the fact that few of the other Board Members (my spell check initially changed that to “embers” which is more appropriate) come across well in these environments.

Frankly a disappointing update and not surprised at market reaction. Was hoping that, for once, they may have been lifting guidance.

Fed, I agree, the worst situation for existing shareholders is administration as there is almost no chance of them getting anything. Any capital raise will be hugely dilutive given the likely share price and the amount needed. Best option is a bid but it will not be for much. However, the red flags have been flying for many months and those of us who raised them were shot down by those who said they had massive revenue and new contracts for retailers and the only way the price was going was upwards.

Read it differently in that it is acquiring the equity of a business in distress and can do it for cash which is something other touted acquirers could not. However, all those poster that think they are going to get multiples of the current price will be disappointed.

JCB, he would probably invert the chart and claim everything is wonderful. Look at the comments to his posts on LinkedIn, (the ones he does not delete) and it is just individuals telling him how great he is.

I am at a loss as to why anyone other than family members would vote to reelect Chair or CEO who have done nothing for years other than destroy vast amounts of value. How bad do things have to get for institutional investors to do something about it?

Knowbody, you are being generous there. I remember this comment being posted at £2 and all the way down. So many individuals claiming to have been averaging down must hold a lot of shares bought above £1.

Not the term “guess” in the last sentence. Like everything else in the post.

And judging by their last accounts, will be paid much less than the THG chair who earns far more than their highest paid director,

Onsolid, yes it does need new blood. Starting with a new Chair and CEO with the CEO quickly appointing a new CFO, then work downwards.

Trek, I agree, it is very easy to select the option that votes the same way for every resolution.

Likewise, have voted against. Holding is in my ISA and tax free income more important than a capital sum I need to find a home for. Dividend is well covered so limited income risk.

In any other business the Chair would have done his job properly and sought a replacement CEO with the skills to manage a listed business with significant turnover.

Just voted against CEO and Chair plus most of the other Board recommendations. Anyone on Hargreaves it is very easy, sign in, select shareholder meetings on home page and options are clearly presented. IIs will carry the day but PI’s can at least express their dissatisfaction with the endless valuation destruction.

Yes the comment was on LinkedIn this morning as I read it so has been deleted recently. His profile should say “only positive views of me are allowed”.

Likewise. Anyone holding via a platform such as Hargreaves should make sure they know how to access the voting paper. PI’s will not have the quantity of votes of the institutions but still worth making their dissatisfaction at the share price destruction and failure to deliver on promises known.

And their highest paid director earning about half what the Chair of THG draws (deliberately avoided saying earns).