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If Joules go ahead with cva what happens to shareholders? Are they wiped out and share trading suspended etc?……………I believe strongly that Joules will survive the storm, however a cva to enable this wouldn’t surprise me. I would personally be happy to hold shares for the long term, but obviously not if a cva would just wipe everything out completely with no possibility of recovery.

Can anyone advise? Many thanks.

Have to say, knowing Tom a little I also can’t see that happening. That said I did get out yesterday at a small profit (bought at the low). May well buy back in, but just want to see how the next couple of weeks pan out really….especially nov 30th.

Winter coats are practically flying out the door, I can assure you of that lol

All lifestyle retailers do this at this time of year, and have done for many years. At White Stuff it’s ‘friends and family event’, at Joules it’s ‘nearest and dearest’ event etc. This is nothing new, just a planned event that runs every year at this time. I agree it’s not great for margin,…..it’s a trap that retail as a whole has gotten into which needs limiting, however this is by no means ‘Joules specific’ or out of the ordinary.

KingJoules is my favourite poster on here, he’s usually on point

Searched and searched but I can’t find a whiff of new news anywhere lol

No way TJ letting this go bust when he has a 21% holding and enough cash under his couch to bail it out if necessary

The offer/discount cycle is not just Joules though….Fat Face, White Stuff, Seasalt and Crew are all at it, which compounds the problem. Joules have actually cut back on this of late and margin has improved.

Could TJ want share price low to buy back in the cheap? ……….nothing makes sense to me…..if TJ owns 21% wouldn’t it be in his interest to loan/invest in Joules and see the share price (and therefore his net worth) increase substantially? I know the brand VERY well, and it is a travesty it’s ended up in this predicament. The product is good, vast majority of stores profitable and has a loyal and growing customer base. A perfect storm and a few daft decisions (office, garden trading etc) have landed it here, but there is success to be had if it can pull thru this.

The oddest thing was the RNS on Monday……what was that all about? No news update, but almost rehashing previous bad news just for the sake of it. I’d love to know what’s going on.

A lot of the shops are profitable, this isn’t really where the problem lies. Many are in local high streets and locations where the rents are relatively low…..of course there are some locations which are loss making, but I don’t think it’s as many as one might assume. Many of the problems Joules are facing can be rectified, and it’s a strong brand with great product and a growing customer base…..it just needs to survive this storm. I’d be very very shocked if TJ let this sink.

Thanks for those replying, I appreciate it.

I’m ever so new to this, so apologies for sounding clueless…..but could someone tell me what happens to shareholders if a cvs occurs? Do we loose everything or is our investment safe? (I only bought shares in joules as I strongly believe in the brand, and cannot see Tom letting this sink under any circumstances).

I’ve seen the summer 23 product. Best it’s ever been.