RE: Can’t decide7 Dec 2024 09:29
Bon-Scott. In response to your question about what my agenda is, I will tell you.
However, for you and others who have a few minutes, have a look at my posts. It's only recently that I have taken up the cudgel on behalf of boohoo. Yes I am invested in them, and have been for a number of years, and like many of us, I am in a negative position. However, I was in a negative position with holdings in Premier Food and PETS, and what they both had in common, is that they were heavily shorted. And you will get a feel for my view on shorting if you bother to read my posts. I haven't a problem with taking short positions on companies, however I do have issues, when a short position is taken and then purposely spread malicious news in articles and social media, in order to bring down the price of the share. You will see I have voiced this well before the boohoo situation.
Now getting back to my agenda. Firstly, is to try and bring some balance into the discussion, without vitriolic outbursts against individuals, sometimes threatening in my view. My view is, and the reason I invested in boo, was it is a very good business model. All was fine until world circumstances hit many companies, freight charges skyrocketed owing to oil prices. Then a number of TV and newspaper articles, some justifiable, but not balanced also impacted boo. However, the same could be said for companies run by MA, so let's not brush that under the carpet.
I see a great future for boo, that is as long as they are allowed to trade on level playing fields against our chinese competitors, I don't have to name them all. boo have proven to be way ahead when it comes to online platform, just look at what has been done with Debenhams.
Therefore I have voted against the proposals to install Frasers people, as I feel they don't bring anything to the table, other than a disrupting influence. I stuck with PETS and Premier Food, and laterly MOONPIG, both with good business models.
And second on my agenda, is to out, the short practices, that I feel should warrant a government review. Taking out a short and then paying for untruths to be disseminated. We all know who they are, but I couldn't possibly name them.