Member Info for Paulleydee

Https://www.telegraph.co.uk/business/2024/11/13/boohoo-pleads-with-shareholders-to-reject-mike-ashley/

So chances are they have already got this placement agreed and allotted?

So if that dilutes MA’s holding they are effectively forcing him to buy loads on the open market tomorrow to try get up to where he was (near the 30 per cent)

He desperately wants Debenhams so what are his options tomorrow morning?

Actually a very clever move at 5pm today.

They are basically trying to seize control away from MA so what can he do now?

And to think recently they turned down an offer of a tenner a share from the Turks (which would’ve released shareholder value!!)

..yet failed to even inform us of that offer.

I am 88000 @ 57p

It’s been quite a frustrating couple of years!

Thankfully my M&S shares doubled (sold far too early though)

My asos shares have gone from a tenner to 360 pence.

Not very good at this, am I?!

My asos breakeven now 6 quid

I have nearly 90,000 boohoo shares and sent a message via the deserves better website asking to be kept updated once I needed to do anything as I’m an Ashley supporter. I urge others to do the same. In my opinion I think Ashley will easily get this sorted once it goes to a vote.

I had this response:

Thank you very much for your email and for your support. Frasers truly believes that boohoo and all of its shareholders deserve better. We are awaiting an announcement by boohoo that it has published the notice of the shareholder meeting which Frasers has called for. That notice will contain the instructions on how to vote. Once boohoo has published that notice, we will reach out again to support you in voting your shares. In the meantime, please continue to follow www.boohoodeservesbetter.com where updates to Frasers’ campaign will be made available to fellow shareholders.

Kind regards,

Someone has starting buying big by the looks of it

Hotting up over at boohoo this evening…

After hours boohoo statement urging Mike Ashley to say whether he is seeking to merge boohoo with another company. Hmmm I wonder which company they are thinking of?!

Deutsche Bank - BUY, target 450 pence

Turnaround plan working

https://www.reuters.com/business/retail-consumer/uks-asos-forecasts-profit-jump-2025-2024-11-05/

The Mail alluded to Kamani wanting to take this private with PE money, and it seems with Umar’s posts they are certainly looking at this to stop Ashley.

I work in a newsroom albeit not on the city desk but when I spoke to colleagues on city wires it is certainly being talked about

Shein could be the opposition

They are struggling with their bid to get a London listing. This could be a way in.

I don’t subscribe

Any chance of the text of it being pasted? Is he hinting he is desperate for Debenhams so will be going hostile takeover?

Can someone post the Sunday Times article. Thanks

“I’m all in” - wow.

Thanks for posting all this.

I agree - he’ll certainly have Schroders on board, so he isn’t far off being able to strike.

Already a very strong existing relationship between Frasers and Shroders.

Perhaps he’s got Camelot on board too

Auction

I was just thinking that. Ashley will be so annoyed by that response he’ll buy a load more today so they have to issue another RNS saying Frasers now own 28 per cent of us !

Let’s remind ourselves how desperate Mike is for Debenhams

https://www.thisismoney.co.uk/money/news/article-6867735/Mike-Ashley-secretly-fires-raft-bullying-legal-threats-bid-seize-power-Debenhams.html

The Guardian also quoting SC:

Analysts at Shore Capital said the proposal to install Ashley and Lennon “could all be quite explosive … We would suggest shareholders await the outcome of the boardroom tussle, maybe with popcorn to hand.”

He’s certainly being mulling over various options for some time…

This from 2022:

https://www.thisismoney.co.uk/money/share-investing/article-10555387/STOCKS-WATCH-Share-plunge-sparks-talk-Boohoo-private.html