Member Info for Glowacki

Just 2m revenue USD for the whole world,outside of US is just pitiful.

Refinancing agreed but at a ruinous interest rate of 11.5% ..so around £18m per year...No established lenders would go near them so several unknown entities came forward,but at what a ridiculous cost

My goodness..The refinancing is completed (21/08/25) but at a staggering nearly 12% interest rate..

Trading update 19/08/25,and yet another profits warning..This is a true basket case of a company..As is typical of IPO companies from a few years back

The steady rises over last three days seems to be driven by MM manipulation,rather than buyers pouring in..

There seems to be an overall former tone to the SP this morning.l wonder if the day traders are considering buying back their earlier sold shares this afternoon with consequence SP rise

Reading between the lines..Sorrell went straight to the majority shareholder in the company,and discussed informally a possible merger..When the board found out,they took umbridge at being ignored...Storm in a tea cup.

Hmmm..looks like no recovery in the SP after all,after such stellar results

Sure does help though..Not all options are granted on meeting preset targets.Some are allowed to be vested over a timespan.If the targets are not looking like they will be met,new options are granted with a lower vesting level..Boohoo was a classic case of this..

Newbi...Easy to answer that...Debt was massive two years ago,but SP started to rise plus director buying....Well directors buy to help lift sentiment towards the stock,in the full knowledge they cannot lose money as they will get 1,000s of nil cost options to offset any loses..It's a fairly safe bet for them... Previously high debts were predicated on future debt reductions based on fast revenue and profits growth..However debts have gone UP not down,as revenue and profits are only slowly rising .There is now (and not before) a realisation that the company cannot trade its way out of this debt mess...New extra taxation is on its way in November budget and in April 2025 a big increase in the cost of living,means much less money available to spend on gambling.

The SP will drift sideways for at least next few months..The update was steady,but nothing to blow the lights out.. Revenue growth, statutory profits need to increase much faster than present to justify any decent SP rerate..l sold this morning..

As amateur investor had stated yesterday.Net debt has actually risen to an incredible £1.8 billion.,with entire company worth £260 million..The company has shown only slow revenue growth with an impending tax rise for gambling companies more or less nailed on November ...It is in a mess that it cannot extricate itself from...

AHH,l see what you did there!!!!!

When will the BoDs realise the problem is with the shop layouts,with endless rows of old fashioned black shoes set out in claustrophobia lines..Prices are moderate,rather than cheap..The glue used in the shoes starts to remove the sole from the uppers after around 12 weeks..Primark the shoes do the same but after around 8 months..New management,new wider stores,new layout,less black shoes and more contemporary designs at affordable prices..

Going down slowly..Debts still around 1 billion USD and at 4/5 times the value of the company itself

The results are decent,but nothing more than that.. Still heavily loss making with deteriorating EPS..Debts are still massive..At some point a big rights issue will be needed to strengthen the balance sheet..The SP is about at the right level for now..

The SP has been in decline since mid June due to the company stating that tariffs are impacting their sales in America..They are still predicting slow growth,but no longer fast expansion...The SP previously had been priced for fast growth and is now adjusting downwards to give a more realistic PE..

Another quarter,another loss...This constant reinstating that they are on the cusp of something.

It's a merger,not a takeover... Shareholders will move their holdings to another entity..

Even the director is a bit clueless..Buying £200,000 of shares so quickly,when the SP is in free fall.Rather than wait a few days before buying..This is going into single figures,and he bought at over 11p