Member Info for Peoplepower1

And yet another one appears Crazylegs - only this one post on Boo with loads on 88E - they're so obvious. Don't they know we can read their past posts which gives us all the evidence we need about them.

Another one appears out of the woodwork in the form of Logitech - must be a friend of VEXIS as Logitech has only this one post on Boohoo and most of his past posts are on Tullow Oil and Premier Oil. There'll be more and more trying it on.

The initial consideration for the remaining 34% stake of PLT will be settled in a combination of shares and cash, worth GBP107.9 million and GBP161.9 million respectively. The cash element will be funded from the GBP240.7 million net cash the group had on its balance sheet at the end of February 2020.

Ignore any manipulators who are trying to get you to panic and sell. They're still lurking around. Another one has just appeared VEXIS. Looking at VEXIS's past posts this is his only one Boohoo post and he's written loads of posts on Tullow Oil and Premier Oil. Says it all. Another one for you to filter.

News well received by analysts too:-

Broker Liberum said: "This is a very shrewd and positive move by Boohoo's management team that removes one of the major clouds that has hung over the equity story. PLT has been the best performing part of Boohoo Group, growing sales at a 111% compound annual growth over FY17-FY20 and now makes up 42% of group sales."

Zeus Capital said the announcement "provides a clear and swift resolution to any overhanging uncertainty surrounding the status of the PLT minority in the group".

"The terms of the transaction are, in our option, highly attractive and provide existing shareholders with an immediate and significant enhancement to diluted earnings per share."

Sophie Lund-Yates, equity analyst at Hargreaves Lansdown, said that even if the acquisition price rises to £323.8m, "it would appear Boohoo's taking the new assets home at a decent price".

"Apart from Pretty Little Thing's impressive sales performance since Boohoo acquired its majority stake back in 2017, there are other reasons for optimism. Namely, execution risk is vastly reduced in this deal. Pretty Little Thing has been part of Boohoo's story for a while now, so this won't come as a shock to the operating system and means the benefits can be reaped quickly."

Only got to this party late this evening so please forgive me if what I post has already been seen. Love it all.

Fast-fashion retailer Boohoo said on Thursday that it has bought the remaining 34% stake in PrettyLittleThing from its minority shareholders for an initial consideration of £269.8m.
The stake is being bought from Umar Kamani - the son of Boohoo's co-founder Mahmud Kamani - and Paul Papworth.

Boohoo said the acquisition price could rise to £323.8m if the PLT shares price averages 491p over a six-month period between completion and 14 March 2024.

The acquisition is expected to be significantly earnings enhancing on a fully diluted basis with immediate effect.

"After this acquisition and with its growing platform of wholly owned, innovative fashion brands, the group believes it can continue to successfully disrupt the international markets it operates in today, whilst retaining a strong balance sheet in order to take advantage of numerous M&A opportunities that are likely to emerge in the global fashion industry over the coming months," the company said.

The Shadowfall report, published on Tuesday, claimed that an option to buy out a remaining stake in the PLT site could cost Boohoo nearly £1bn - got that one badly wrong Shadowfall. If you deliberately set out to mislead people in order to make money then that is fraud. It may be difficult to prove, however, that is up to the FCA and their legal experts to decide. I've emailed the FCA at whistle@fca.org.uk about the misleading Shadowfall report. If you agree, then email too.

I will be holding for years and years to come. Onwards and upwards.

Brilliant move by Boohoo. That certainly put paid to Shadowfall's short. Let's hope Shadowfall lost millions and have learnt a valuable lesson from all this.

Love your posts Kencarv, keep them coming.

You can use the filter on here to filter out any poster who you think is trying to manipulate people into panicking and selling. Click on filter above and type in their poster name, make sure you get the poster name correct and press enter. Then you won't see their posts and will get a message to say something like you need to unfilter this message to read it. Don't ever be tempted to unfilter them just to see what they've said. They're not worth reading. And most importantly, be glad that you won't be manipulated by them anymore.

Well done to all boohoo holders who didn't allow themselves to be manipulated by Shadowfall's shorting of Boohoo shares and the posters on here trying to manipulate them into panicking and selling. You are brilliant.

Or, even better filter them so you don't have to put up with them trying to manipulate you.

Best way to avoid people trying to get you to panic and sell is to stay away from this board today because they'll all be coming out of the woodwork.

And yet another one - F7.14

Expect loads more throughout the day.

But then again you probably know that already zmxncbv and didn't want them to read or read everything that was in the link. Hence your attack on me.

Another one zmxncbv - coming out of the woodwork.

Too many people don't click on links and read them or don't read them in full.

Don't ever let anyone panic you into selling your shares. They are trying to manipulate you so they can make money out of you.

ShadowFall’s report may have damaged Boohoo Group's share price, however, Boohoo Group is not going to collapse anytime soon. Demand for Boohoo Group's services is snowballing, so it's only a matter of time before the share price recovers.

The coronavirus panic has accelerated the growth of the online retailing market, and Boohoo Group is one of its most significant players. This gives the company a substantial competitive advantage. It can produce, distribute and market products more effectively than smaller players, and the firm’s size should ensure that it stays that way.

Even if the coronavirus crisis leads to a protracted economic downturn, this competitive advantage should help Boohoo Group prosper in the long run.

Those who try to drive a share price down so they can buy back in on the cheap use the same tactics as shorters and distorters. Hence why they are cluttering this board with negative posts and are all attacking me. They are trying to manipulate you into panicking and selling. Don't ever let them do that to you.