Member Info for Paulleydee

I just want to get out of this mess as quickly as possible. It’s been two years of hell.

I agree with you entirely- following that call Ashley is clearly a credible option but I still feel the only way we get this SP to rise is to actually NOT vote with Frasers, forcing them into an offer.

Yes that was quite interesting

Says the plan is take House of Fraser very high end, very different to Debenhams offering so there will be no overlap.

Fair enough, but I do think that he will be forced to make an offer. And that is better for us, rather than it all just lingering as it is.

One other question I thought he was VERY guarded on was when someone asked are you planning on merging Boohoo and ASOS.

He very quickly brushed it off, saying “I haven’t given it much thought in detail”

Hmm

Yes I didn’t get it..mentioned David Anderson?

My question was answered- “what will you do if you lose the vote- will you make an offer to go to 51 per cent?”

Mike gave a stern “no comment”

You see even though I actually thought Mike came across really well and seemed genuine, I do think it is actually in our interests that he does lose this vote as what else can he do other than make a bid up to get 51 per cent and control?

THAT gets the SP up for us quickly!

Him winning the vote? Does that really get the SP up?

No.

Nice tick up

Interesting comment on the telegraph article:

“Kamani is a nasty piece of work. An aggressive uncouth and rude individual. Disgraceful episode dealing with him on contracts. He is so obstinate he’d go “scorched earth” than loose his power. His sons are absolute puppets too and pay for getting into celebrity circles.”

I agree, add to this the fact that the person from Georgeson who called me re the vote, I checked his biog and his background is advising on debt for equity deals.

Ashley needs to bid for the company - and he should probably do it before the SP carries on rising.

He’s already got 30 per cent.

Stop faffing around with open letters.

Just do it.

It smacks of his desperation to get Debs.

My own view is the SP will now continue to rise up to vote day, Mike will lose and he is going to have to be forced to go to 51 per cent to be in majority control.

He really should just do it as it is a big risk hoping that vote is going to go his way.

Then what ? If he loses and the SP has already risen to 42/43p he’s going to have a pay a lot more to get to 51 per cent isn’t he?!

The big question is whether Boohoo shareholders will vote in favour of Ashley’s proposal. Recruitment specialist and managing director of Detail Business Consulting, Paul Meechan, doesn’t think it’s likely.

“I’d be very surprised if they did. I cannot see an upside,” he says, adding that if Ashley truly wanted a role at Boohoo, he should buy a majority 51% stake in the business. “Otherwise, he should just shut up.”

Best case scenario now is that Mike loses the vote and fearing that he will lose his opportunity to get Debs he then simply has to make an offer to get to 51 per cent.

He already had just under 30 per cent.

But the SP now rising with a week still to go.

So I think he’ll need to act fast next Monday if he loses. (I think he will lose…just)

If this is the case if he offers 50p I’ll sell up and take the loss.

It’s likely I won’t make the call Monday but could someone ask this question:

What will Frasers/MA do if the vote does NOT go their way? What is the plan then? Go over 30 per cent and make an offer to takeover?

I think now I would actually rather Frasers lose the vote then I think the only thing Ashley can do (as he is clearly livid and desperate for Debs) is make an offer of say 60p 🤷‍♂️

Fed, are you the person from Georgeson who called me on Monday? This is exactly what the guy said and in the same order. Or could you indeed be Big Mike?

Well then why is the guy who called me from Georgeson asking re my papers and vote intentions a specialist on ‘debt for equity’ deals?

I was all out for voting with Frasers but I feel things are turning for the better.

Big debt repayment

Directors piling money in

I’m also alarmed at the idea of Frasers doing something rather nasty with people like us and having looked at the biogs on the website of Georgeson a lot of their backgrounds are based around work in ‘debt for equity’ deals. So this has scared me.

In any case I now think the SP will be up into the 40s by the time of the vote.

My breakeven is 62p.

Jeremy, what have you decided? Others? Or are people just waiting for this call before deciding?

Looks like you might be right. Bit of an uptick here and over at Boohoo

Cheers

Thanks, do they quote the holding as in value etc, he says he’ll send me pics of it save having to post it on.

Just don’t want him knowing how much I’ve invested in this dog of a company!!