Member Info for Peoplepower1

Scb - the only reason you're back here is because you think Mike Ashley is going to save Boohoo.

We've been here before with you telling us Mike Ashley and Umar Kamani knew something hence why they bought Boohoo shares. Then the interim results came out which were even worse than expected.

So Mike Ashley and Umar Kamani knew no more than the rest of us and still know no more than the rest of us.

Mike Ashley has shares in Boohoo, ASOS, Next, Mulberry, Hugo Boss, AO World, Currys and probably many more. Do you think he's going to buy all of them?

He's already lost millions on his Boohoo shares and looks like he's going to lose even more millions.

The reality for Boohoo is declining revenue, declining active customers, declining profits, rising debt.

Boohoo don't know when this will turn around for them. They stated this at the presentation that they can't see any green shoots for Boohoo as yet. Even Boohoo don't know if Boohoo will turn around or when it will turn around, if ever.

What a load of nonsense. Frasers have shares in nearly every retail company. Are they going to buy them all?

Frasers have already bought shares in Boohoo and have lost millions on them. Looks like they're going to lose even more millions on their Boohoo shares.

The Boohoo board at their presentation stated they don't know when there will be a turnaround for Boohoo. They don't see any green shoots as yet for boohoo.

Boohoo aren't going to turn around, if they do turn around at all, until at least the end of the cost of living crisis.

Boohoo know the cost of living crisis is hitting them badly. They said so at the presentation.

We've been here so many times before when you think things are going to change because Mike Ashley has bought Boohoo shares or the USDC will save Boohoo.

Boohoo have stated themselves at their own presentation that they don't know when things will turn around.

So what makes you think Mike Ashley knows when Boohoo themselves don't even know when things will turn around for Boohoo or if the USDC will save Boohoo.

Boohoo stated themselves at their own presentation that they don't know when things will turn around for Boohoo.

Looks like you're going to lose a lot of it and maybe even all of it.

Stop being so naive. he buys loads and loads of shares in retail companies. This doesn't mean he knows exactly what's going on in each of them.

Mike Ashley doesn't know when the cost of living crisis will end, when inflation will come down, when interest rates will come down. Frasers are now upmarket sellers hence Flannels and in bricks and mortar.

Stop talking nonsense. Paper losses can get worse.

You're a sad man because you don't want to see the reality. Mike Ashley can afford to lose his money in Boohoo.

Yeah yeah yeah NMW1969 - you know everything as usual. I have bought and sold Boohoo shares since 2015. I've read and researched them since 2015. I know much more about them than you do.

Mike Ashley has already lost millions on the Boohoo shares he's bought.

Mike Ashley is a cowboy. He doesn't have any more insight into Boohoo than you or me. He can lose money too. He's already lost loads of money on the over 10% of shares he has already bought in Boohoo.

The reality of Boohoo is declining revenue, declining active customers, declining profits and rising debt.

Boohoo are putting money into a US Distribution Centre that may fail, may not make any profit for 3 years.

Nobody knows, not even you, nor Mike Ashley nor Mahmud Kamani nor Umar Kamani.

Boohoo may not make any decent profit fro about 3 years so how they're going to survive. With using more and more of the £325m revolving credit facility and how are they going to pay this back without making a decent profit.

Barclays are forecasting £6m profit for Boohoo for up to 28 February 2025 and £26m profit for up to 28 February 2026. We know already Boohoo aren't going to make a profit for up to 28 February 2024 and they're going to have debt of about £70m.

Boohoo are never going back to making 10% profit from their revenue or at least not in the next 5 years.

Let's not look at the reality. Let's hope Mike Ashley's going to save us. That one was tried before and never happened.

Mike Ashley would want Boohoo for about 10p a share. As would Mahmud Kamani. They're not interested in other shareholders, only themselves.

The reality of Boohoo is declining revenue, declining active customers, declining profits and rising debt.

Mike Ashley owns 72% of shares in Frasers. His son in law runs Frasers for him now.

Mike Ashley has shares in Next, Mulberry, Hugo Boss, AO world, Currys, ASOS, Boohoo and probably many more.

Do you think he plans to buy them all?

I think Mike Ashley has shares in Next, Mulberry, ASOS, Boohoo, N Brown, AO World, Currys, Hugo Boss and probably many more.

Do you think he intends to buy them all?

The Boohoo holders on here went chasing for more shares when Ashley and Umar Kamani bought some Boohoo shares. Look what happened, the share price went down again.

Everybody holding Boohoo shares on here saying Ashley and Umar were gurus. They are no more gurus than you or I. They just happen to have more money to buy larger shareholdings. And, hope they'll make some money from them. They don't know nor can't see into the future. Nobody can.

Stop treating them like Gods.

Such desperation stinks because it means you know Boohoo is a failing business and needs rescuing. Unfortunately there is no rescue. And if there was one, like Ashley or the Kamanis, you can be sure they'd be buying it at a lot less than 30p a share.

Same old, same old, we've been here before that Ashley was some sort of saviour and look what happened, the Boohoo share price went down again.

Reading this board is like fantasy land. No reality whatsoever. Desperate holders looking for desperate measures to save them.

By the way Globaldata's share price at 142p is a lot more than Boohoo's share price at 30.33p. Maybe Globaldata know more than you think about Boohoo.

This board is such a great learning experience on how desperate Boohoo share holders can become and how they never admit nor learn from their mistakes.

Ashley and Umar's previous purchases held up the Boohoo share price for a little while and it went down again.