Yeh trading update early oct if they stick to their word....
Cobra i can honestly say i have never known anything like it!!! Clowns is the only description
The blessing is the king of retail Kishore Biyani being on board.... I think worst case here is a total buy out at 20p which will net me near on 500k... i will happily wait a few years for that if needs be!
What if i told you that when a fellow shareholder told him his frustrations as he had started investing 3 years ago at 40p and the cfo's response was "but we were never going to make a profit back then"
I wonder how that response would be taken by the investors that were talked into taking part in the placing around 50p around that same time?
What about when the ceo cancelling her own option shares at 150p and reissued them to herself at 50p to "realign her interest with share holders"?!
The bottom line is the ceo and cfo are clowns and they need to go, Waheed is questionable on why he is keeping them as they have failed!
I believed at one point that flf would want them replaced and still live in hope
The motortrade in the uk is the worst i have known in 20 years, some of my big prestige customers are in an absolute mess, on the flipside to that i know people who sell cheaper run around cars and they are absolutely having it away
The same can be said for uk retail, some of the bigger expensive brands are struggling while company's like boohoo are absolutely smashing it
While some companies are struggling there are always others making a killing regardless of recession or not
Todays share price has nothing to do with the Indian economy, its solely down to crap management with crap communication!!
Lets not forget amazon is making big investments in India.... If its good enough for the richest man on the planet....
Aditya Birla Fashion and Retail Limited (ABFRL) is a part of USD 44.3 billion Aditya Birla Group. With a revenue of Rs. 7,181 crore and a retail space of 7 million sq. ft. (as on 31st March, 2018), it is India's first billion-dollar pure-play fashion powerhouse with an elegant bouquet of leading fashion brands and retail formats....