The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Trorsky,
Her criteria should apply equally to ALL staff, otherwise there is no equality, that is the point.
And no, I didn't crawl out from under a stone, and you didn't have the grace to apologize.
I reported you for abuse.
Cheers
Joncl
i have no issue with filtering top appointments past her own desk, but to introduce a filter based on skin colour and gender is both ****** and sexist, which i find rather odd for a company that preaches equality and diversity.
don't you ?
Selling £10 dresses online, taking profits, paying packaging and logistics costs, fixed overheads etc and and paying thousands of workers the legal minimum wage, plus the manufacturer's profits, raw material costs, fixed overheads ?
Let's just assume that BooHoo are paying £3 a piece for those dresses, so how long would it take for a worker paid £8+ per hour to make a £3 dress ?
They'd have to make one dress every 20 mins just to cover their own wage.
Just doesn't add up for me, didn't add up for SLA either, so they sold £70m's worth of shares.
This is not rocket science.
BooHoo need to come clean.
You don't have to be a mathematical genius to work out that you would struggle to sell dresses online for £10 each by paying workers who make them by hand, an £8+ per hour legal minimum wage. If they were doing it with high tech, robotised factories, and not 1,000's of low paid people I would rate it a good opportunity. There have now been press reports of social links between those who run BooHoo and Leicester factory owners, until this is all cleared up and the full facts are known, it's a speculative bet.
Institutional investors may be less bullish on BooHoo than private investors while this is going on..
They will want to see the 'ethical' side of the business tidied up.
That will see BooHoo paying more for their UK frocks, or going to Bangladesh.
Therefore lower profits and more competition.
Some serious claims in the Daily Mail tody.
1. A string of companies linking BooHoo directors to wholesalers.
2. Factory workers payslips show legal minimum wage, but workers actually receive much less per hour.
3. Factory boss says he has to make dresses for as little as 90p.
I don't think we've seen the end of this.
https://www.dailymail.co.uk/news/article-8511719/Boohoo-founders-links-Leicester-slave-factory-revealed.html
BP are better to pull out of all these luvvie sponsorship schemes, waste of money that just attracts eco-zealots. Better invested in BP's own carbon reduction operations. But eco-zealots will never talk to oil/gas companies about environmental issues, they have a pathological hatred for anything oil and their overriding agenda is the overthrow of capitalism.
Until FUM can verify scientifically how and why DermaSys works for ED, they are in snake oil territory.
There is a significant probability that effects seen so far are purely psychological IMHO.
So, it is vital that they get to the bottom of this out asap.
Their RNS didn't cut the mustard for me.