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The market has no confidence in Kane or Kumani, that's the jist of it. They probably think that Boohoo were in the right place at the right time with lockdown - so got lucky in that people had to buy clothes on line. Unfortunately, for me, as a shareholder, we have seen very little progress over the last 3 years in terms of growth and direction. However, I still hold on to the fact that things can change, either internally or externally. I still think Mike Ashley buying shares is a good thing.
Just came back from America, before I left I tried to buy some Prime from Circle-K (second behind 7-eleven in size) and they said they had withdrawn Prime from their stores due to a class lawsuit for false advertising - basically Circle-K thought they better just stop stocking it just in case anything happens with the charge. I thought - this sounds familiar - Boohoo have been through the same thing. Imagine the potential can of worms that will open if Shein get listed - this could be the biggerst pump and dump of all time!
Https://www.dailymail.co.uk/news/article-13055567/Amigo-ruined-life.html
Nothing like taking personal responsibility LOL
Just caught the back end of a news piece on Shein on BBC breakfast, Shein were literally cutting a pasting / copying other peoples designs and selling products / gifts as there own. Imagine the scrutiny it would come under if it listed.
Its an awful story, but The Post Office and next in line Fujitsu are going to be in the media sh*t storm for a long long time to come, I expect any small stories round Boohoo now to gain little traction with the media and the public. On a separate note if the trading update is poor again, Lyttle must go, how many chances can one man have!
I see the news about the mislabelling made it on to various news sources, but has had little effect on the Share Price. The Post Office scandal has taken over any potential increase in interest of the story so the shorters behind the news story have failed on this occasion. Boohoo really do need to try and keep their noses clean as any transgression the shorters will pounce on.
I completely disagree - it is completely about the Directors, the directors are the most important employees of the company. They have the power to change the direction of the company - and it is clear that the market do not like Kumani and Kane. What have they done recently? The have changed the Bonus structure targets on the share price so that the directors can be paid a bonus while screwing its shareholders by watching the price tank. If Kumani and Kane left and a recognised person came in to take over that had a reputation and a track record of success, the share price would of Boohoo would most likely quadruple.