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Marble Bar Down to 1.66%
You would think the board would have some assurances before investing that amount of money?
BDO helped RevB IPO, have an ex employee in the RevB reporting team and still manage to mess up the accounts?
My post from September - still find it odd.
No Opinion
RE: Like I said….23 Sep '22
Ridiculous Boohoo even invested in RevB in the first place given the lack of cash and now a profit warning. This is bad reading. The funny thing is that BDO helped RevB with the IPO and an old auditor who worked there for 5 years is in the Group Reporting Team at RevB (check out Matt Grainger). Incompetence to another level. Ohhh and Marble Bar work in the same building as BDO and are also their audit clients .... Conspiracy theory (2+2=5)
Today, the Company announces that BDO LLP ("BDO"), the Company's auditor, has written to the Board and identified a number of serious concerns that have arisen during the course of its work on the FY22 audit regarding, amongst others, the Group's ability to provide sufficient and accurate audit evidence in respect of a number of key audit areas and the validity of certain commercial arrangements entered into by the Company. BDO has indicated that, at the present time, it is not able to sign an audit report in respect of the FY22 accounts.
BDO has further recommended that the Board appoint independent external advisers to undertake an independent investigation regarding the concerns raised and report their findings to an independent committee
@valuetrap - I don't think it was even 4 weeks
I watched the youtube video posted by the times! He quite after 12 shifts.
Shifts are 12 hours long and he gets paid ABOVE minimum wage. He was in training and couldn't even meet the lower stock picking targets.
The reporter is a hack with an agenda.
Why does it take 3 months to release and investigative report which actually draws on the experience of three/ four workers.
The level of evidence is appalling but people read headlines not the granular details.
I really hope Boohoo sue - I'm no defender of their past appalling working conditions and they should have been rightly vilified for that - but this is a sorry excuse to sell papers.
The problem with this board is people spend too long mudslinging rather than actually analysis the news or facts.
Watch the video, read the article and use your brain and question whether this is BS clickbait or accurate reporting.
The article is actually a joke. It's definitely placed.
Things that stand out...
- Investigation took place in August and September yet the Times choose only to release during Black Friday week?
- There was heatwave during the summer where many peoples homes were the same temperature!
- The evidence he provides is waffle
- Workers get paid £11 an hour, £1.50 more than the minimum wage and a far cry from the Leicester salary
- the shifts are 12 hours, again nothing out of the ordinary and hardly working non stop on repeat!
Boohoo are by no means perfect but this is poor journalism and biased reporting to benefit an agenda.
It should be a non starter but the market hates Boohoo and that is the biggest issue....they can't catch a break.
Looking good and so much potential with the change in market sentiment. Its crazy just how volatile it is but some good news and this rockets! I just hope Powell doesn't come out with a hawkish speech to make this all tumble.
Looking good for now, just need to sustain it. Shorttracker will be an interesting read on Monday. A good indicator for direction of travel for the medium term.
Sorry T4G you have posted so many times that not everyone reads all your posts as we're not as free as you.
You are just being defensive because you can't accept another point of view.
State clearly once and for all who you are comparing Boo too? You said the retail sector so name individual shares. As far as I'm concerned every single retail stock around the world has fallen between 60-90%!
Lol. Didn't expect any other response from you T4G. Will let others make their own assessments. Hopefully people aren't stupid enough to listen to you. I'm a holder but a realist. I always promote the good and bad. I stand by all my comments that you bend the truth to suit yourself.
Just for the record, you are stating that a 0.32% short increase by Marble Bar is insignificant! LOL couldn't make it up!
Keep posting more than everyone else so you can drown other opinions out. Doesn't really affect me lol.
For a third time, as you still seem to be sidestepping the question. What retail stocks are you comparing this to?
1) T4G you still didn't reply to my question on what retail stocks you are comparing Boohoo too?
2) T4G Quote: "Only the data doesn't fit what you are saying. Who is doubling down. The only two shorters who have increased significantly recently are BG and GLG, both of whom are probably in a loss position."
LIE - Add Marshall Wace & Marble Bar to that list. You also have no idea of what position they are in and are speculating they are in a loss position. Please back what you say with facts.
"The other shorters who have increased in October are MW, who are still more than two thirds below their peak position and Qube who always move up and down in marginal amounts."
Stating MW's peak position is totally irrelevant. They made an absolute killing and cashed out shorting it from highs. They are now back in a second time to take advantage of the situation. Again you are changing the narrative to suit you.
"The actual data hardly supports shorts doubling down out of choice does it? You really need to study the data more closely"
See below T4G - maybe it is you that needs to go away and study the data before LYING! Again please answer my question as to why Capeview are capable of reducing their short position whilst others choose not to and instead INCREASE if there is simply NO VOLUME as you state. Please don't sidestep these questions and answer one by one.
Lets compare pre and post result movements
Citadel - 0.88% to 0.85%
Kairos - 0.65% to 0.49%
Capeview (BIG REDUCTION) - 2.27% to 1.18%
Qube - 0.7% to 0.62%
Marshall Wace (DOUBLED DOWN) - 0.45% to 0.92%
Ennismore - 0.94% (stayed the same)
Systematica - 0.6% (stayed the same)
Marble Bar - (LARGE INCREASE) 2.15% to 2.47%
Boothbay - 0.57% (stayed the same)
BG (LARGE INCREASE) - 0.71% to 0.90%
GLG (LARGE INCREASE) - 0.10% to 0.68% (the position may have been closer to 0.5% prior to results but their last stated position reduced to 0.1%.
Lol, choosing the narrative as it suits you then. Capeview capital have made significant decreases on their shorts. The other decreases have been irrelevant and the majority have increased their shorts. My argument is that if Capeview are able to reduce their short then there is clearly volume for others to buy back, but they are choosing not to and instead doubling down.
When you say retail, which companies are you comparing it to? Are you even comparing like with like? Secondly its the Aim, the beta of the shares will always be higher as they are inherently riskier shares. Third, you keep talking about volume... How is that the biggest shorter can buy back the shares but the others choose not to?
It's the same thing, why did all global equities rise? Anticipation of a dovish fed. Why are they now falling? Poqell's comments perceived as hawkish.
Has nothing to do with manipulation. As I said a few weeks ago, equities rise and fall with the sentiment set by the Fed. A hawkish outlook and everything drops.
T4G, 16 people want you and Jongle off this board. Speaks volumes? At least Jongle is being the bigger person today. You are inciting a fight.
Touched 45.5!
...
Disagree with you both. Boohoo has had no positive news of late. There were concerns with the supply chain and US operations. This clearly shows a strong relationship in place to weather the storm and thrive in their customer proposition. Its obviously too late to RNS now but how many people knew about it? Its being reported on a random website. If it was in a RNS or Boohoo issued press release it would have got a lot more traction.
For the Times, the arch enemy of MM to have an article titled "Beauty retailer THG is suddenly more attractive" says a lot. Onwards and upwards.
Great find and fantastic news. Disappointing that Boo have not put this an RNS as clearly this alleviates concerns of supply chain logistics and will help US growth following a decline last year.
And there's the crux of it T4G, you can't accept people's views. They are inherently wrong in your eyes. I don't need to go back and count because I know for each of July, August, September they have been 20-30 a day. You are a serial poster on this board and post way more than any normal or average person.
Why are people in your view univested? And why does it matter if they are. Just like you market your rubbish on here, let others have their say. You always have to add your two cents to their comments so why don't you follow your own advice and filter them?
T4G, if I had a pound for the amount of drivel coming out of your mouth....
You are the number one liar and hypocrite on this board.
My story hasn't shifted once. Please post evidence to the contrary? Go on back yourself? You call other people sad and pathetic, yet you spend days arguing with people on here. I am just calling you out on your persistent moaning.
RE the number of posts? Why are you backtracking? Is it because you know you're wrong and have been caught out? Quite easy to count the average posts. You can estimate the posts per page in your posting history and multiply.
I would quote you usually but to be honest don't have time to go through 6000+ posts.
'' I sold Boo on the way up to mitigate risk. I have never sold on the way down to buy back cheaper.''
This is the funniest comment I've heard in a while! You sold to mitigate risk but the first time you mentioned you did this was a month ago? I thought you were always holding for dividends? All the way down from 400p?