Member Info for Peoplepower1

Here is some background on how Kamanis have operated with Boohoo. It may help you think about MM's hype etc on THG and Ingenuity.

Regarding the Boohoo London property sale which looks like it is having to be sold because Lenders are concerned about Boohoo's financial position.

The Kamanis have a Property Company and may look to buy it even cheaper than the £60m. Boohoo bought it at £72m in 2021, maybe the plan was to sell it to the Kamanis property company cheaper when Boohoo needed to do so. Who knows?

Kamanis Property Company own Boohoo's HQ in Manchester.

Plus Umar Kamani got far too much money for Prettylittlething at something like £325m when it had been agreed in the IPO, because Boohoo had lent money to Prettlittlething in return it would be sold to Boohoo for £5m. One of the reasons many people bought Boohoo was because it was going to get Prettylittlething for £5m. The Kamanis managed to change this because there had been no actual contract signed.

Personally, don't trust the Kamanis with all this charade in their background.

The lesson to learn is to be careful who is the CEO/CFO/Chairman when buying any shares. Research them carefully and anything that comes up which doesn't feel right, then, follow your instincts.

It wouldn't surprise me in the least for Boohoo to go into Administration and the Kamanis to buy it from Administration. I think the Kamanis always think well ahead on what's best for them.

No doubt Mike Ashley from Frasers wouldn't be happy. The Kamanis have stuffed him before with Debenhams.

It wouldn't surprise me even for Revolution Beauty to go into administration too and the Kamanis to buy this from administration.

My thoughts, do your own research on any and every share you buy.

Always think of the worst that could happen to your shares, it helps you to focus.

Regarding the Boohoo London property sale which looks like it is having to be sold because Lenders are concerned about Boohoo's financial position.

The Kamanis have a Property Company and may look to buy it even cheaper than the £60m. Boohoo bought it at £72m in 2021, maybe the plan was to sell it to the Kamanis property company cheaper when Boohoo needed to do so. Who knows?

Kamanis Property Company own Boohoo's HQ in Manchester.

Plus Umar Kamani got far too much money for Prettylittlething at something like £325m when it had been agreed in the IPO, because Boohoo had lent money to Prettlittlething in return it would be sold to Boohoo for £5m. One of the reasons many people bought Boohoo was because it was going to get Prettylittlething for £5m. The Kamanis managed to change this because there had been no actual contract signed.

Personally, don't trust the Kamanis with all this charade in their background.

The lesson to learn is to be careful who is the CEO/CFO/Chairman when buying any shares. Research them carefully and anything that comes up which doesn't feel right, then, follow your instincts.

It wouldn't surprise me in the least for Boohoo to go into Administration and the Kamanis to buy it from Administration. I think the Kamanis always think well ahead on what's best for them. No doubt Mike Ashley from Frasers wouldn't be happy. The Kamanis have stuffed him before with Debenhams.

It wouldn't surprise me for Revolution Beauty to go into administration too and the Kamanis to buy this from administration.

My thoughts, do your own research on any and every share you buy.

Always think of the worst that could happen to your shares, it helps you to focus.

I've been on this board since 2015, nearly 10 years.

Simon - regarding the Boohoo London property which looks like it is having to be sold because Lenders are concerned about Boohoo's financial position.

The Kamanis Property Company may look to buy it even cheaper than the £60m. Boohoo bought it at £72m in 2021, maybe the plan was to sell it to the Kamanis property company cheaper when Boohoo needed to do so. Who knows?

Kamanis Property Company own Boohoo's HQ in Manchester.

Plus Umar Kamani got far too much money for Prettylittlething at something like £325m when it had been agreed in the IPO, because Boohoo had lent money to Prettlittlething in return it would be sold to Boohoo for £5m. One of the reasons many people bought Boohoo was because it was going to get Prettylittlething for £5m. The Kamanis managed to change this because there had been no actual contract signed.

Personally, don't trust the Kamanis with all this charade in their background.

The lesson to learn is to be careful who is the CEO/CFO/Chairman when buying any shares. Research them carefully and anything that comes up which doesn't feel right, then, follow your instincts.

It wouldn't surprise me in the least for Boohoo to go into Administration and the Kamanis to buy it from Administration. I think the Kamanis always think well ahead on what's best for them. No doubt Mike Ashley from Frasers wouldn't be happy. The Kamanis have stuffed him before with Debenhams.

My thoughts, do your own research on any and every share you buy.

REVB made a small profit from cutting costs, their revenue is reducing.

People who post on here against what I say are those who have bought REVB shares at a higher price and have losses.

Sadly, they won't look at the negative points and by not doing so may well lose more money or even their whole investment.

So, if you wish to invest in shares, it is vital you always look for the negative points, otherwise, you're apt to lose money.

Shares are about learning every day from your mistakes and never putting your head in the sand to avoid admitting your mistakes.

If people on Boohoo had listened to me, then they wouldn't have even more losses. Boohoo are now 28p and could go even lower.

At what point do you look at the negatives, never, when you've lost all your investment or now when you still have some of your investment left.

Stop being emotional and start being rational and look at the negatives.

People can be stubborn, being stubborn doesn't work for investing in shares. Stubborn is an emotion and is not rational.

Learn to use your rational brain and not your emotional brain.

Always, always look for the negative points before buying shares and whilst holding shares, this is how to minimise your losses.

So you've bought Revolution Beauty Shares at a much higher price and have losses.

If you can't deal with negative points about your shares then don't invest in shares.

Shares are all about minimising losses, looking at the negative points and thinking about how much you could lose.

If you're holding shares for fear of missing out or for greed then you're holding them for the wrong reasons and you need to learn quickly about always looking for the negative points in your shares.

Asos took Lichfield Warehouse on a 15 year lease. They will still be paying rent for it. Asos don't own it.

https://www.thebusinessdesk.com/westmidlands/news/2047584-fashion-giant-signs-15-year-lease-for-major-warehouse-space

Thank you Simon.

So is Ashley buying the shares from the buyer of Ashley's sold put options if Ashley loses the put?

You haven't done your homework. You need to read the fy results for Warpaint. They're in the Phillippines as far as I can remember.

Warpaint are making 10 to 20% profit on their revenue.

Revolution Beauty are making no profit on their revenue.

Elf Bronzing Drops are 30ml at £12

Revolution Beauty are 23ml, was £9.99 now reduced to £7.99

W7l Warpaint Golden Glow drops are 30ml was £5.95 now reduced to £4

It is Warpaint who are more able to take on ELF Cosmetics and this is what they're doing.

Revolution Beauty is too expensive and can't reduce their prices because they bought the Medichem factory for their products when they needed to be getting them from China.

Revolution Beauty have too many costly overheads.

Warpaint buy their products from China, oversee them to make sure they're vegan and don't spend any money on marketing/advertising. Their costs are so efficient and effective compared to Revolution Beauty.

Ingenuity are too expensive to use for businesses hence why few businesses use Ingenuity.

It's much cheaper for businesses to buy in what they need than to use Ingenuity. This is why Softbank sold their shares in Ingenuity at a £450m loss. Ingenuity is a great white elephant.

I'm surprised you're not looking at prices. This is what you must always do with any shares you're thinking of buying or hold.

Otherwise, how do you know what's going on, who is your competition, how much are their prices, etc., etc.

Revolution Beauty are more expensive products than Warpaint.

For example, Warpaint Golden Glow Drops are £5.95 with a higher content and the equivalent Revolution Beauty is £9.99 and lower content.

Plus Warpaint are totally vegan which appeals to Gen Z customers.

Revolution Beauty have too much debt, reducing revenue, decreasing customers and no profits.

Revolution Beauty can't compete hence why it's a failing business.

So sorry, Simon. I had already done that, the explanations were very technical.

From what I've picked up from yourself. It looks to me like Mike Ashley is using this as a hedge.

On the one hand he sells Asos put options and gets money for this. If the Asos share price goes up, then he doesn't buy the shares and he has got money from selling put options.

If the Asos share price goes down, then he buys the shares, however, he is buying the shares cheaper and has also got the put options payment too, so the share price works out even cheaper.

Clever, so either way suits Mike Ashley by the looks of it. It's a way for him to buy Asos shares even cheaper.

For me, Ashley is desperate to get Boohoo, Asos, etc to use the Frasers Plus Buy Now Pay Later System.

I know the eternal bulls on here and on Boohoo would like to think Ashley will buy Boohoo/Asos.

Frasers has £1bn net debt, Asos has £652m net debt and Boohoo have about £300m net debt from memory. Ashley doesn't need more net debt for Frasers. Ashley needs Frasers to be making money through the Frasers Plus Payment System.

I remember back in about 2017/18 a teacher on the boohoo board asking his pupils where they bought their clothes, they were about age 16 and they all said Boohoo.

In 2024 you wouldn't get that answer, hence why Boohoo/Asos are no longer growing. I doubt they will ever grown again.

The mistake Boohoo/Asos made was not to copy Shein/Temu in sending parcels direct from China. China make high quality more expensive clothes as well as cheaper versions.

Boohoo/Asos could have done the same, got factories on board in China to make what they wanted and posted direct from China to UK, EU, US. This would have saved so much on warehouses, infrastructure and they could have competed on price with Shein/Temu.

This is where Boohoo/Asos failed completely. They had a golden chance and didn't take it nor see it. No strategic vision which is so necessary in business.

GLA

Why does Ashley have to buy the physical shares if he loses the bet?

Does that mean Ashley holds the shares or not that he's sold as put options?

How come Ashley still has the voting rights for the sold put options?

Sorry Minty. I'm confused myself.

Ashley sold put options so if the share price goes down, then the buyer of Ashley's put options has the right to buy Ashley's shares at the lower price.

I think by the term physical in the RNS on 24 April 2024, this means the buyer of the put options will buy the shares physically as opposed to a cash settlement.

I hope I've got that right.

I've never invested in puts or call options or shorts in any way. Too risky for me.

You're right Minty, he sold the shares to buy them back at a cheaper price. This is puts.

It may be the end of August and the end of September. There's no exact date given.

Mike Ashley took out his nearly 8m puts on 19 April 2024 when the share price was nearly 357p.

Puts are bets the share price will go down.

He was right.

So, even if he holds shares, he can still make money betting on the Asos share price going down.