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Murray said: “Retaining the combined Frasers fashion teams while rationalising our portfolio in this space to focus on fewer brands makes a lot of sense in the current climate. We are also excited about the discussions around further collaboration between Frasers Group and Shein.”
So there it is, focus on fewer brands means no chance of buying Boohoo nor Asos.
Collaborating with Shein means no collaboration with Boohoo or Asos.
When will you learn Frasers CEO Michael Murray is using novice investors for his own ends which is to prop up the ASOS and Boohoo share prices.
Such frustration in your posts WeeWee - you must have loads and loads of money on your shares.
Poor, poor WeeWee, not very bright after all.
Read and learn from my posts WeeWee instead of wasting time trying to defend yourself and all your mistakes on here.
Stop wasting everybody's time with your total naivety of business, companies, legal action, balance sheets, CEOs, shares and how they work.
Start realising you're wrong and you might just start making some money on shares. First, you need to spend your time doing loads of reading and research if you want to make money on shares.
I doubt you have the humility to do any of this.
You're not a very quick learner WeeWee if you haven't learnt how businesses and companies really work in 25 years.
I can't believe you're so naive having worked for 25 years.
What a dodo???
WeeWee - Bob Holt was another CEO not to trust. He pumped up Revolution Beauty and look where it is now.
Never trust any company nor any CEO.
First rule of shares, always protect your capital.
Second rule of shares, always remember the first rule.
It looks like Frasers CEO Michael Murray paid about 50p for Currys so lost millions and millions on these. Now about 43p.
Has lost millions and millions on Boohoo and Asos too.
When will you ever learn WeeWee, these people use the likes of you for their own ends.
What did Frasers CEO pay for Currys. Currys share price is at about 43p. How much have Frasers CEO Michael Murray lost on Currys? How much have they lost on others, AO World, for example?
You're such easy pickings WeeWee for the likes of Frasers, Michael Murray CEO, for Boohoo, Revolution Beauty and any other dumb share you've bought.
You have to do your homework when it comes to shares and that doesn't mean a tidy balance sheet. It's much, much more than that hence why you lose money and won't accept I made £600k on Boohoo and have to insist I lost £600k. Closed minds like yours means you lose more and more money on shares. It's only open minds and tons of work that make you money on shares.
Waken up and stop making the same mistakes over and over and over. It's hard to admit when you get things wrong particularly for you. You need to face yourself in your own mirror and to your mistakes too.
Resla is Tesla. You're so gullible WeeWee and jump at the latest fashionable shares. You keep losing money and I'll keep making money. Reading and research is how you make money on shares. Jumping on the latest fashionable trend is how you lose money.
Onsolidground - Asos have loads of debt and a £500m bond to pay back in a couple of years. There's no value in them and anyone buying them is throwing good money after bad including Michael Murray CEO Frasers.
It's only Frasers buying the likes of Asos and Boohoo that's keeping their share prices up. When will you realise Frasers, Michael Murray CEO is playing you and other novice investors?
WeeWee - when are you going to learn investors don't buy on what you call a tidy balance sheet. Investors want rising net profit, rising eps. You need to learn what matters to investors and not to the likes of you.
WeeWee - I made £600k from Boohoo and this is what is so galling for you. All you've done is lose money on shares like Boohoo, Revolution Beauty, Watches of Switzerland, Resla, Evraz, Syme and so many more.
WeeWee - so hence why Boohoo are going to have debt of £70m by fy 2024. That makes for an untidy balance sheet, imo. And you know from the last balance sheet how much debt Boohoo will be in by fy2026.
People don't like me because I bring reality to them and you. Nobody likes a mirror to all their mistakes.
Please remember Asos have loads of debt and I think something like a £500m bond to pay back in the next few years. Asos desperately needs money and needs to sell TopShop to raise at least some money against their debt/bond repayment.
To a lesser extent Boohoo needs cash. Boohoo is not expected to make a small profit until at least fy2026. Boohoo could do with offloading Debenhams and Arcadia labels too. Boohoo don't need to be having to use too much of the £325m revolving credit facility. Boohoo are expected to have debt of £70m for fy2024 and if there's only a small profit to be made by fy2026, then you're looking at Boohoo's debt rising to much more than £70m.
WeeWee - you'r so naive. With an inquiry it is limited to what the company allows them to do. So the company can make sure they limit the inquiry to what they want them to see. You want to read some of the difficulties they had getting to speak to Mahmud Kamani. Again you haven't read and researched everything. You've based your posts on limited knowledge as usual
The same with market valuations. You've no idea whatsoever how you can get what you want. Take a good look at Trump who had his property overvalued. You can do the same when you want it undervalued.
You need to learn companies aren't to be trusted and CEOs aren't to be trusted.
I can't believe how little you know about the real goings on in business and companies.
TopShop cost Asos £330m including inventory, etc. They paid too much for it. They'll be lucky to get £165m for it. Asos needs to get back to what it knows best. So does Boohoo. Debenhams and Arcadia labels led to Boohoo taking their eye of the ball. Instead of buying these the money should have been used to fight off Shein and stick with what they knew best too.
TopShop, Debenhams and Arcadia Labels are all losers for Boohoo and Asos.
Boohoo should sell Debenhams and Arcadia labels to frasers and get back to what they were good at doing, fast fashion.
The Hut Group did exactly the same paying over the top for acquisitions. The three misfits, Asos, Boohoo and THG.
Legal action is a great device to use to get companies to learn from their dirty tactics. It's not about the money, it's about teaching the companies a lesson.
I would think Boohoo will settle this because they won't want further discovery of their wrong doings being outed. Look at the Covid enquiry and how the Government fought discovery of Boris Johnson, etc., whats app et al.
It's not about money, it's about bringing companies to recognise their wrong doings.
The FCA are underfunded, probably deliberately by the Government, because they get loads of donations from companies. The FCA can't investigate everything. Hence why legal action is so useful and why Governments should never be allowed to interfere in any way with the Judiciary.
Scb - you must be thinking Boohoo is going to zero with your question on 100% loss.
This is really what you need to be thinking about instead of trying to play mind games on here.
Ooops looks like scb has made a 100% loss on his shares and needs some tax relief.
As far as I know if held in an ISA, then no. Outside an ISA, then you can carry over a loss against future gains. Not sure about SIPP.
Https://news.sky.com/story/struggling-asos-explores-sale-of-topshop-brand-12994586
Boohoo needs to get rid of Debenhams and Arcadia labels too and get back to what it knows best.