Member Info for Peoplepower1

https://find-and-update.company-information.service.gov.uk/company/00237511/filing-history

So sorry it looks like the other link doesn't work. From what I've read so far, it looks to me like the Pension black hole is the biggest preferential creditor. So it's up to the administrators to get the most money for this via the voluntary arrangement process.

danl90 - many thanks again for your comment. Found this at Companies House. All the TopShop Stores in US have already been closed as have many in UK and Ireland. TopShop Oxford Street Store in London is heavily mortgaged. The rest in UK are all leasehold.

https://s3.eu-west-2.amazonaws.com/document-api-images-live.ch.gov.uk/docs/yURKtQJGIJSJGzbLNGMOkD3PkCkg8zyM3nF_suit4SA/application-pdf?X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Content-Sha256=UNSIGNED-PAYLOAD&X-Amz-Credential=ASIAWRGBDBV3KH5RWR7Z%2F20210117%2Feu-west-2%2Fs3%2Faws4_request&X-Amz-Date=20210117T115736Z&X-Amz-Expires=60&X-Amz-Security-Token=IQoJb3JpZ2luX2VjEGoaCWV1LXdlc3QtMiJIMEYCIQC8D4LlaEsBgw%2BPb0YJRxgXEGXTuU00h8f8FmJ%2BdW0FCQIhAI4OlLbaf%2BJpEoe1xAnQtxNg7i5Dg%2FV1oQ5Ri7L3mFymKrQDCEMQAxoMNDQ5MjI5MDMyODIyIgyxidTrs2ojR7u0hg4qkQNBqahAxsBmdJ3rRDYX3ly2A9jWneRyWYIwzZdVPaQQARx8jA7zD4nAEHFEKwc3bJGr65Qrp4opmqfH9mMELDBksUYkpISFEQLdLVw8jQ919N5lbEi%2BxTVmv%2Ftqh0MdzuruLGeYcxgtFSMj9lzrr9itWUB2mrR27v%2FE3FyHwhIcDvvasgQUoSZmDw0F7WJECXBbuSYvlvC5jIZ4kuj4BpdpOl78XJoRuDG4VISCv28r6nd2fgqjwC63sldUfZBaGg2S%2FxFZ%2BCLfNCoUD3%2FTLeVl%2BF2s8sa%2BQTXPLkhNb0haNipWuLlY%2B9cf7gEReNjAfJ%2B6%2BNMU6t4BNGMnKKQPFOD%2B5GUezNxTPhqrSWzS%2Bp7IFLPNJjH3FXzaY8KwD5aPHMqVg%2B8SxqfaLgkOgxL5MKmHjF0xwL3XawiZZvarW9tI8ezSfVn6FymHkTPb86Ji%2FhU2JlpwpawPmpe08Tr5jRKE%2F915xxW%2BBFZxopl9h0LO2fzuLRGhfYKXH3LNxXG3plBbhnStYb2MervLWYzno6jPcDD5hZCABjrqAWPf0rxa6MCVgkYxqHLrBc5BD2wLMMnRUyJ6DehmxdBp0OD3PL7GTWfbGkI2JUQLRoWMVwmSJ4PphDyPIFfsqaXLWVpyPpxzhzD9nzht0tZvozMSevZRA8qGEA6BQu1DVXdCm4OZ2MiIruIWdC6X2PYm5ykPcc6A3qRs1PNBnRwyir%2BhvQtO7PF6tiC%2BCtcD3i%2FlKRvW9HPou71w7PcZiHFPdaS1gdZAKQ5tx%2FLm2R7%2BukL2%2FL3f12himW4uqjwvHYJspvoq6YQkco72VO85IhXKPBDI4GILop1dH8dcos7r9zlnSafBQlYW7w%3D%3D&X-Amz-SignedHeaders=host&X-Amz-Signature=7c775e863c15de52d96393c5d5d6fa4e850160a54e9a8e12f51034fbd4f2b10c

https://companieshouse.blog.gov.uk/2019/02/27/what-does-going-into-administration-mean/

It looks to me from this link that it is the Administrator who makes the decisions and then pays put the creditors on the basis of secured creditors, preferential creditors, unsecured creditors and finally shareholders or members.

https://www.telegraph.co.uk/business/2020/12/01/arcadia-administration-comes-next-retailer-staff/

Found this, worth reading in full.

danl90 - hey to you too and many thanks for your input.

Who will make the final decision, Deloitte, the landlords, Philip Green or all of them together?
What about the £350m pension black hole? Is that not a creditor too?
Do Next and Davidson Kempner want to be responsible for the £350m pension black hole by taking on the shops?

Afrim - yes you are missing something. The Arcadia Group who owns TopShop/TopMan, Miss Selfridge, Wallis, Dorothy Perkins, Burtons, were estimated to be worth £840m not so long ago so there's money to be made from buying them. Hence why the likes of Next along with a US hedge Fund Davidson Kempner Capital have joined together to make a bid. It helps to read everything you can find about this and then you'll understand.

ragtrade - Miss Selfridge and Wallis were seen as upmarket brands like Zara, H & M before Philip Green bought them out. It was Philip Green who downgraded and decimated them. Same with Burtons and Dorothy Perkins too.

Boohoo could end up buying all six brands including Topshop/TopMan or even four brands that could be brought back upmarket to where they were, long before Philip Green bought them.

Deloitte are going to be looking for the most money for the brands and not simply who wants the shops. What's the point in letting the shops be bought by a lower bid when they could end up being closed at a later date?

Boohoo won't buy the shops because they're not interested in bricks and mortar, however, if their bid is the better bid then I'm sure Boohoo would get all six brands if they wanted them.

Six brands more would mean Boohoo owning 15 brands, or, four brands more would mean Boohoo owning 13 brands..

ragtrade - with the Boohoo midas touch anything's possible.

Boohoo may go for Burtons for menswear, Miss Selfridge and/or Wallis and/or Dorothy Perkins.

https://www.cityam.com/next-is-frontrunner-to-rescue-topshop-ahead-of-bid-deadline-tomorrow/

Earlier this month Next confirmed it is part of a consortium bidding for Arcadia brands, but said it was not seeking majority ownership of Sir Philip Green’s collapsed business empire.

ragtrade - understood, however press reports don't always get it right.

Final bids aren't due in until tomorrow, Monday 18 January 2021. Furthermore, Boohoo may still get TopMan plus Miss Selfridge and/or Wallis.

I think and I could be wrong that Boohoo will get TopShop/TopMan. This may be the catalyst for the share price to go higher.

I'm basing my thoughts on the conference call on Thursday 14 January 2021 where John Lyttle, CEO, mentioned 3 areas that Boohoo were considering for acquisitions, Beauty, Sport, Menswear. Then, John Lyttle stated we have only one menswear brand at present. I think that might have been a hint to TopShop/TopMan acquisition. I may be totally wrong.

mcklondon - many thanks for all your comments on here.

Personally, I prefer to buy and hold shares through all their ups and downs for at least 5 years and usually much, much longer. This works best for me.

I prefer to put my time and effort into finding and identifying excellent global growth shares, buying them, holding them whilst continuing to research them to make sure they're still worth holding.

I invested £100,000 in Boohoo in 2015, have held them ever since, they're now worth £1.26m. I will be holding them for many more years to come, whilst continually researching them to make sure I'm right to keep holding them. I hold through all the ups and down.. All shares have ups and downs. It's all part of investing.

I love to learn and learning from your comments on how technical analysis works certainly gave me an insight into it. It's not for me, however, that doesn't stop me from learning about it. I do wish you every success with it.

It's so important with shares to learn everything you can about shares, fundamental analysis, technical analysis, share markets in UK, US, globally and never rely on anyone else for this.

It's your money, it's up to you to take care of it and to do the necessary work. Making money on shares isn't easy and you need to put loads of time and effort into it.

https://www.piworld.co.uk/2020/12/19/piworld-2020-round-up-of-the-year-paul-scott/

Great video to watch in full, includes loads on Boohoo too.

Paul Scott was a Finance Director for a UK Fashion Company before leaving to become a private investor and write for the likes of Stockopedia's Small Cap Value Report.

Paul Scott thinks Boohoo's present share price would be double what it is now if it didn't have the ESG concerns. His thinking is funds don't want Boohoo in their holdings at present because of the ESG concerns. He thinks this will change in a few months when they see Boohoo are totally committed to getting their ESG right. Boohoo is Paul Scott's biggest holding and he is very bullish on Boohoo. He sees Boohoo's share price getting to £10 in a couple of years.

Please watch the video in full, it's only 16 minutes long and I think well worth your time.

https://www.proactiveinvestors.co.uk/companies/news/938424/boohoo-raises-full-year-revenue-forecast-plans-new-uk-warehouse-938424.html

ragtrade - Boohoo is not a high risk share to me. There are plenty of high risk shares out there and Boohoo's certainly not one of them. Boohoo has £400m net cash, £170m working capital and £200m in assets. It has 9 brands which are all operated as separate businesses. Boohoo is not family owned. Yes, they have fairly large percentages of shares in Boohoo, however, it is not family owned. The fact that they have large percentages of shares in Boohoo themselves is more proof that it's a worthwhile investment. For me, Boohoo is a much better investment than Asos or Next.

ragtrade - I do use a share broker. I've always used share brokers I'm not talking about Old Mutual. I'm talking about having used a professional institution to look after my portfolio. I wasn't impressed. Too much buying and selling of shares to make money on fees. Boohoo is not my only investment.

Investments are only a gamble when you don't do the work you need to do to make sure they're not a gamble. Having done the work, I don't see Boohoo as a gamble at all. I know Boohoo is a sound investment. Yes, mistakes have been made which are being rectified. For me, I like companies run by their founders because they have a passion to make sure their business is successful and continues to be successful.

Boohoo are a much better investment than Next for me.

mcklondon - thank you. As you say it's a prediction of what might happen, rather than what's actually going to happen. Is that right?

HereKittyKitty - how much would you have made if you'd left the money in Lamprell from 7p to 64p compared to how much you made trading in and out?

ragtrade - I've done that one in the past. Professional institutions are into making money by buying and selling shares too often, rather like traders. I can make much more money by doing it myself. I'm not betting. I'm investing, hence why I love to learn. That's the difference between betting and investing. Investing means you learn everything you can to make sure your investment is the right investment for you.

mcklondon - if I've got this right. You're taking the 29 September 2020 at 390p being the beginning of the top trend line and 20 October 2020 at 250.10p being the beginning of the bottom trend line for your symmetrical triangle. Have I got that right?