Member Info for Franalex

No1. Likewise and over time it muddies the water. I know someone who works at NatWest who had completely forgotten they also did a share consolidation. Renewi who have just been bought at 870p have conveniently forgotten that the previous bid, rejected by the board 12 years ago, at 120p because it undervalued the business was the price pre the 10 to 1 consolidation so the equivalent price was in fact 1200p

MM is even less suited to a Chair role than a CEO of a listed business and he is totally unsuited to that. Needs someone new in both positions.

Rizario, what is worse is that as well as a CEO totally out of his depth in running a listed business, there is a very well paid Chairman not doing what he is paid to do which should be finding a competent CEO.

There is a presentation to come and that has never proved good for the share price.

Darknight. That is because some are living in fantasy land. There was never going to be a dividend or share buyback.

And no resignations.

And the destruction of Revolution Beauty now almost complete. Now below 8p. Their interference looked poor decision making at the time which has proved to be the case and now facing a big write-off. Do they ever make a decision that is in the best interest of shareholders?

Looking very bad for shareholders. Probably not surprising given the Boohoo influence and their constant destruction of value. Could easily see administration or refinancing and almost total wipeout of value.

I am about 80% up on Greggs since 2017 plus have received dividends. I am about 80% down on THG with no dividends in about 3 years. You win some you lose some but very annoying when you see a business, and Chairman in particular, not dealing with a seriously underperforming CEO.

Greggs is one of the best run businesses in the U.K. and has been for years, THG is badly run. You can sell a lot of £20 notes for £19.50 to get revenue. What margins are both of those you compare making? What is their trading cash flow and what dividends are they paying?. A pointless comparison

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The same Board stated categorically that 170p undervalued the business. They do not have a good track record at putting a value on the business, hence the price they attributed to the placing.

On the basis that the share price has barely moved on this “news” when the market has increased substantially then any hint of bad news in the results or yet another shocking investor presentation following it, is likely to take the price down further. We have CEO who has under-performed for years and a Chairman who does not seem to grasp that his job is to ensure a competent Board and replace those not up to it.

Problem is that even a half decent set of results ends in a share price fall once he opens his mouth at the subsequent presentation. Be surprised if any bidder, and there has been seemingly no sign of interest, would go above 50p now. The 170p “under valuing the company” now looks like absolute fantasy.

Yes, the Boohoo influence doing what it does best, the destruction of shareholder value. No sign of any support level in either nor any sign of a bid despite holding low share prices for months. Probably tells you that the market is pricing it correctly regardless of those eternal optimists that post wild expectations.

Boohoo influence now in full swing at Revolution Beauty which is now nearly in single figures. Boohoo also heading in same direction given total absence of a support level and the statements made by the board of unlocking shareholder value now being shown to be a work of fabrication.

Difficult to see what will stop the slide, there is clearly no support level and would not be surprised if it tests 15p which would be over 50% below its price when they issued, what many of us believed was total garbage, about unlocking value. How they persuaded the institutions to back them was a mystery to me at the time and remains so.

To be fair, there are few worse run companies out there.

Personally thought the bottom would be £2.75 to £3.00 when I started taking sell options when is was £20. Last one closed at £3.25. Be surprised now if it does not go below £2 at some point.

Just can not see this surviving as a stand alone entity. Dreadful management over many years, promising the earth to retain their jobs and then continue with the value destruction once the meeting finished. Best hope is a bid but with the current price and long term trend it will not be for a massive premium.

Boohoo and THG give it a run for their money and there is a link between them.