Member Info for hopeful118

Yeha, I posted a thread earlier.

Good job I contacted them otherwise would have missed my vote!

7 business days which is basically tomorrow!

I just contacted Barclays and they said they can vote for me but needs 7 business days notice! which leave one 1 day to get your votes in! Contact them on chat or call them.

I'm reminded of the story anout the scorpion and the frog. MA is a scorpion and there's no reason to believe this time it will be different to all the others he's done it to.

I was thinking about the recent debt reduction via the capital raise. Whilst the capital raise was arguably to reduce voting rights of Frasers. The debt payment is strategic defence IMO. By paying a large chunk of debt they've destroyed MA's ability to force us into administration because the case is now significantly weaker and it stops MA forcing a fire sale and liquidation.

Good theory scooby, I've thought about selling out many times and not because of any special information just purely because I'm fed up of sitting on it; each time it happens I talk myself out of it.

Remember in the early 2000s when they took aim at fast food and yet here we are 20 years on and fast food is still huge.

Anyone got a copy of it because my Dog destroyed mine :(

Anyone with Barclays ISA? Normally votes show or corporate actions but I can't see anything for Boohoo..

£1 is what I want otherwise I'd rather just wait it out

One thing I like about cake box is the steady growing rather than sudden spikes. I definitely think it's one that's overlooked and will be one of the "why didn't I buy it" companies that becomes massive.

I can see cake box being in every major city in ten years time.

My current stance is this:

I believe Mike would make a great CEO but I can't trust him at all and believe he might just try to liquidate taking everything at bargain prices.

When the vote come I will vote no to MA as CEO because I believe uf he was genuin about turning ut around he would make an offer of £1 a share (cash and Fraser stock) for the rest because if he is confident then he will pay.

In summary if MA is genuine about his intentions and beliefs he will put his money where his mouth is and stump up £1 a share.

I wish you weren't right Fatman but that's half the reason I'm not sure about MA as CEO; he has a reputation for getting blood out of stones.

£2 billion will do it for me. I think it's probably the only way forward if he can't get other shareholders voting in his favour. I was up for Ashley as CEO but now I'm having second thoughts again.

An offer is the only clean way to do this.

That would literally double my ISA which would be amazing but I feel it's a touch optimistic. We're definitely on the up though IMO.

I think I've decided that Ashley for CEO is a good idea. I worked for them as a lorry driver and as I understand he's a bit of a workaholic. He's been effectively retired for a while and is dying for a challenge. His recommendation of Mike Lennon also makes sense because it's like Peter lynch says abput "diworseification" where these companies go on a spending spree and it causes their business to lose focus and the mish mash of different businesses becomes unmanageable.

Ashley has my vote, for better or for worse.

As I understand it you can only buy 30% of the business and then you have to get a price for the entire business to get more. MA probably knows he'll have to pay big to get all the stock, so he's just sitting on 27% happy to get a bargain and turn it around. Mike probably knows something we don't and can maybe make this £5 plus a share.

My thoughts are that Mike stood down for Fraser's and now he's got bored and wants a challenge.

The brokers have plenty of numbers, calculation and graphs but no backbone to put their name next to this. Same as when they said Rolls Royce was worth 50p onky for it to rally to over £5!

What I found weird about CINE was that I bought hoping creditors would leave a scrap that was worth something. Then after it was confirmed that shareholders would get absolutely nothing I still managed to sell out for slightly less than I paid.

Why would anyone buy a stock that was literally worth nothing?

Just shows how crazy the markets can be.

Everyone knows the professionals just follow eachother and few dare to be different because they don't care about being right they just care about keeping inline with public opinion.