Member Info for Reardon95

With the sale of all the unnecessary vanity property and the fundraise that will clear all net debt. No need to sell anything. I agree a restructure of the work force and pay packets is drastically needed. Too many people and too many top BODS on far too much money for a loss making in decline company.

Install the two mikes and keep punani on the board. Best outcome for all shareholders in my opinion.

This is an absolute car crash now.

The directors from Frasers can’t share any information on BOO or its assets so that’s not likely.

Probably down knowing boo.

Frasers adding before EGM.

What a great guy Umar is. Only got paid just under the BOO mcap for now loss making PLT.

Parsnip you do make me laugh.

Should read “we have built a strong downward trend of continued underperformance to further decimate shareholder value”

They wont have a choice but to collaborate or one of them buys the other out…

Have them both, then keep kamani on with no salary for a year. Keeping everyone in check that way 👍

This is it Paulley.

https://www.boohooplc.com/sites/boohoo-corp/files/2024-11/boohoo-group-plc-notice-of-annual-general-meeting-nov-2024.pdf

Paulley it’s just a print out what the board have already posted online.

SHEIN are a massive factor but also TikTok shop and the resurgence in the high street. I noted that BOOHOO were a bit slow to jumping on to Tik tok and especially the younger generation is their preferred platform now. The prices being offered in some of these avenues is just unbelievably hard to compete with.

I can only see BOO recovering substantially if physical DEBS stores are being unveiled and gives us a real shop front to market all brands in.

Much like HOF and Sports Direct. Some of these stores look insane now. Big Mike could really help in this department if he is actually willing to offer some real support to BOO.

In a world before SHEIN this was an unstoppable business. We need to box smart now and I don't Mahmud is the man for that. A market trader and a shark. We need some new direction.

I agree Voltaire. An absurd decision.

We could be in real trouble if credit facilities are withdrawn. With the 2 Mikes on the board they could call in administrators or scaremonger the rest of the board to do just that.

Worth a read below in my opinion.

https://www.lawbite.co.uk/resources/blog/what-happens-when-a-company-goes-into-administration

Just googling and researching…there is no doubt about it, where are in a very precarious position right now.

This looks scarily like the BOOHOO situation.

Will it end differently for us?

https://www.retailgazette.co.uk/blog/2022/02/studio-retail-what-went-wrong/

A restructuring specialist he has worked with solvent and insolvent companies. He could potentially sort this mess out. Also, with both on the board they can’t share inside information with anyone including Frazer’s.

Hi Ocean,

Don’t forget the group have around £120m of property. I don’t think we are at that stage just yet. I think a recovery is certainly possible in the short term if property sales are achieved at a fair price and the group announces strong Christmas trading.

Ordered my first order from Shein today. Long wait until the shipment arrives on 5th of December.

My bet is that all hands are on deck for the existing board / management to keep their jobs. It is crunch time for them.