Member Info for Franalex

Another red day when other shares showing some recovery just a sign of frustration of continued promises that something will happen but at some distant day in the future. No doubt another fund raise will be announced at some point, do not know why anyone would pour more money down this black hole.

Yet again performing worse than the market. The “delivering shareholder value” promise was nothing more than a job saving fantasy. Problem is that too many believed it, there no longer seems to be any support level for the share.

Stanleyb, was going to go to last years AGM and try and ask but was out of the country. Since things have just got worse, if I am around I will try to get to it this year.

I wonder what the chances would be of asking the Chairman at the AGM, why given the total collapse in the share price since IPO, he continues to have confidence in his CEO and where is the evidence for that confidence ?

Leerex, and the whole of that massive destruction in value under the watch of the same CEO. Absurd that in any listed company, let alone a FTSE250 he is still in place.

No those other badly managed on-line under-performers THG and Revolution Beauty are also down.

There is always an excuse. The macro environment has not stopped many businesses out performing including retailers such as Next. The business is burdened by a Chairman not fulfilling his role and a CEO way out of his depth in a listed business who has overseen a massive destruction in shareholder value since IPO. Yet people always want to blame external factors.

I would guess that any take out price will be hugely below the £1.70 “that undervalued the business”. Can not see any party going above £1 and probably much less.

Surely nobody expected the name change to have any positive impact on share price. The current Board have yet to do a single thing that has enhanced shareholder value.

3 coins is a pretty pitiful return from years of pumping millions into this black hole. How many months before yet another fund raise?

Quality management at Next with on-line and High St distribution. Quite the opposite to Boohoo as is the share price performance.

Always amazes me with the blind optimism some individuals show on any news. The share price was going to fly when we had a new Chair and better governance, when Moulding gave up his golden share, when the business was split, when it went into the Ftse250 and now on yesterdays RNS. What we actually have is a business where the Chair does nothing about an underperforming CEO, a CEO who said 170p undervalued the business but then does a placing at 32p and a business that continually underperforms against market expectations. In my view until the competence at the top is significantly improved it will go nowhere.

It is very surprising that the Board have not done anything to try and stem this steep and continuing fall. Surely if they had any good news they would have tried to get it into the market.

Certainly behaving as if someone has got wind of something and it’s not good news.

Just seen a quote from Allan Leighton, the Chair bought in with the thankless task of turning around Asda. “Finding a great CEO is the number one job of a Chairman”. So very true and hopefully the highly remunerated Chair of THG will take note.

Share price already down over 98% from its all time high so not much left to go at.

Russ, Perhaps because like me you are sitting on a huge loss that you hope will somehow be reduced. Problem is that day has never arrived and never looked close to arriving, just one set of bad results after another and seems to attract bad news like wasps to a pot of jam.

Those predicting “huge rises” with just blind optimism have clearly not been in this share long enough to know that it has seemingly endless capacity to disappoint and deliver big falls on results announcements. It has been jam tomorrow for years and years.

Seems to me that it is a business on life support that will eventually run out of money raising options, like so many mines before it. Always knew it was very high risk so will just leave my holding in a corner of my portfolio and assume total write-off but as I posted before the last fund raise there is no way I will invest any more.

This unlocking of shareholder value is going really well although I naively thought they were planning to demonstrate positive value rather than negative.