Member Info for kotichava

So because of closed period Mar, we do get year end accounts in August only., Not in July

Https://uk.fashionnetwork.com/news/Revolution-beauty-launches-at-walmart-in-us,1486156.html

Walmart are biggest stores and moreover they match our product categories, budget makeup. Revolution beauty make up products were started selling in February 2023 only. So Q1 was not the fluke growth. We will see the same or more growth for the year. Hope we will improve on Ebitda and profitability as well.

Probably 60% growth in the Q1 was due to start of sales in walmart from February 2023. Probably the same range of growth continue for the 2024.

Get a quote on iweb at 29p

Https://www.telegraph.co.uk/business/2023/06/25/online-fashion-boohoo-asos-not-worth-fighting-over/

Last year first quarter revenue might have been lower than expected because of starting of russian war. Moreover we were coming out of pandemic and online sales might have gotten big hit and in-store sales were yet to pick up. Base was low, so this year first quarter revenue was increased by whooping 60%. Moreover Bob Holt knows under promise and over deliver is better than opposite.

Funny part part of Boohoo RNS - claim to have independent board process

"In addition to the proposed appointments of Alistair McGeorge and Neil Catto, boohoo is pleased to announce that Rachel Horsefield will be included in the future independent board appointment process."

Boohoo might try to takeover Revb. But Revb has lot of potential on its own. Merging with Boohoo might not be much help to boohoo. Revb will have much higher PE if it keeps its beauty business identity. I think they are fighting for control, not to take it private or merging.

By going private, all the parties including Revb promoters will lose the potential. I dont think that is the option here.

As you suggest there is no money, that is called fraud & management will go to prison. Share premium has to be managed on separate account and shown separately in balance sheet.
In the 2021 accounts, share premium was shown separately and Share premium account contains £59,436,003. In the 2022 full year accounts that will be reduced by £40,000,000.
We have to see what management will do that money. They have few options only. Reserve created on such reduction can be treated as a realised profit and, therefore, it may be distributed to shareholders or used to buy back shares.

May be HeresHopin & robizm1001 are shorters or paid to deramp the company. and spread the false information.
Companies do reduction of share premium and keep the money in separate account and can use for the share buyback, dividends or company mergers.
You can see the other company LDG, which have done reduction of share premium.
https://www.lse.co.uk/rns/LDG/synsion-investment-and-intended-further-buyback-zv42lhepbh6odzv.html

Proposed Share Buyback
On 14 January 2022, the Company announced a reduction of capital, change of Investing Policy and share buyback (the "Prior Buyback"). Shareholder approval to complete the Prior Buyback was obtained on 31 January 2022 and, pursuant to the Prior Buyback, the Company acquired 140,441,180 ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares"), in market trades via its retained broker, at an average price of 15.7 pence per share, between 25 February 2022 and 6 April 2022. Following completion of the Prior Buyback, the Company has made a number of new investments, however, trading in the Company's Ordinary Shares has returned to a level which represents a significant discount to the Company's net asset value (NAV) per Ordinary Share.

If you can search, you will find lots of examples.

They can use that pay dividends or share buyback.

AGM resolutions: Resolution 17: Purchase of own shares THAT the Company be generally and unconditionally authorised for the purpose of section 701 of the Companies Act 2006 (the “Act”) to make market purchases (within the meaning of section 693(4) of the Act) of ordinary shares of £0.01 each in the capital of the Company (“Shares”) on such terms and in such manner as the directors may from time to time determine, provided that:

17.1 the maximum aggregate number of Shares which may be purchased is 7,630,211 (being approximately 14.99 percent of the issued ordinary share capital of the Company);

17.2 the minimum price (excluding expenses) which may be paid for each Share is £0.01 (being the nominal amount thereof); and

17.3 the maximum price (excluding expenses) which may be paid for each Share is the higher of:
(a) an amount equal to 105 per cent of the average of the middle market quotations of a Share, as derived from the London Stock Exchange Daily Official List, for the five business days immediately before the day on which
the purchase is made; and
(b) the higher of the price of the last independent trade of a Share and the highest current independent bid for a Share on the trading venue where the purchase is carried out.
The authority conferred by this resolution shall expire (unless previously renewed, varied or revoked by the Company in a general meeting) upon the earlier of the conclusion of the next AGM of the Company and the date which is 15 months from the date of passing of the resolution, save that the Company may, before the expiry of the authority granted by this resolution, enter into a contract to purchase Shares which may be executed wholly or partly after the expiry of such authority,

robizm1001, Go through the reduction of share capital. It is very common . Several companies have done that for share buyback or other use. Only thing is they have limitations of use of capital.

https://www.mondaq.com/uk/shareholders/857790/why-reduce-your-share-capital

They dont have much debt. According to last accounts, · Net debt £3.6m (HY22: net cash £1.3m) with cash and cash equivalents of £3.3m.
Net debt is not much. They don't need to raise. They recently converted capital reduction of 40 mil. They can use that money to pay existing debt.
69% of shares owned by institutional investors. Problem is lack of liquidity. Today 9000 pounds & 108,754 shares transacted, which caused 20.% fall. Once liquidity picks up, it will raise fast like that only.

The Capital Reduction creates additional distributable reserves to the value of £40,000,000, which is intended to support the payment of future dividends to shareholders, with any payment being subject always to the financial performance of the Company and relevant law. The Company does not intend to change its dividend policy following the Capital Reduction and the creation of distributable reserves.

They have 40 mil pounds from the capital reduction of share premium. I dont understand what they are waiting for. They had mandate for the share buyback in the AGM. Management is too slow to proceed.

Boohoo has reached 12.8548 on 16/8/22. probably crossed 15 yesterday.

On Thursday & Friday 11/8& 12/8 together, volumes crossed 60 millions. If the jupiter wanted to sell everything they are left with (26,111,179 on 11/8.22 according to the RNS). They might have finished selling on Friday or left with little to sell Monday 15/8 week. But with Thursday & Friday volumes and share price not dropping, but raising, some other major II big investor was investing, not just PIs. So Monday we should see good raise if the big buyer keep investing. We can expect another TR1 from Jupiter in the next couple of days.

In the THG, volumes were less after the Jupiter's TR1 of <5%. So I assume Jupiter was keeping some THG.