Member Info for Reardon95

Barclays clearly paying no attention to what’s going on with BOO at the minute. I hope Umar and Mahmud add more!

Hexam is correct 👍

Parsnip that’s correct. They only accept votes using the secure message facility.

Would he really want to be CEO to just strip the assets and sell them to Frasers?? Would that be legal in a solvent company?

Ashley said: “I’m all in. I’m ready to dedicate my time and effort – including basing myself in Manchester as much as I deem required – to turn Boohoo around and deliver value for all shareholders.”

He added that he believed the resignation of Boohoo’s CEO, John Lyttle, earlier in October, coupled with the revelation of a “disastrous” refinancing, was his “last straw”.

I voted through AJ BELL I have to send them a secure message with the topic of corporate actions.

Taken from Big Mike:

His statement continued: “The focus here needs to be on urgent and decisive action to sort out the mess that Boohoo is in after suffering serious mismanagement.”

I hope he keeps to his word. After all he is the biggest holder and has the most at risk here.

Just voted for Big Mike and Lennon!

This is Mike Lennon.

He does have other qualities which Boo doesn’t mention.

https://www.kroll.com/en/our-team/michael-lennon

Does Mike actually want to run the company though or just liquidate it?

Exactly that. The US blunder has exasperated how bad the results our with dual costs, impairments and write offs. The US warehouse has been sublet as far as I’m aware I’m so I’m not sure how this will affect things moving forward. Margin would have actually improved if it wasn’t for the US…

I would have to consider this at the time. I have a relatively low average but still sitting on a large loss at the moment. I would be happy to stick around past 60p if we diversify DEBS in to some Bricks and Mortar with the help of Frasers. Perhaps they would be all ears if we would use FrasersPlus. If that occurred and the marketplace model across the brands started bearing fruit and tax loopholes were closed against our main competitors. This would still be massively undervalued at 60p.

Exactly why vote for MA and bring in an asset stripper as his lieutenant when we can just stick with the current crop and make Mike pay a premium for the rest of the company. It is clear he has the finances to make this happen. He wants DEBS back on the high street, end of.

Feels as though Mahmud and Umar want to fight to take this back to where it was. Horrible few years of trading here but in Finley we have a new leader and direction. A smart ambitious cookie who wants to make a name for himself. Umar will want to showcase his talents and looks like he is fully focused on PLT again which is great for all. Throw in the scrapping of de-minimus and SHEIN potential listing...

I'm with Black Fox here. Big Mike is all for Big Mike not us or any other BOO Shareholder!

Took nothing away from that call. Just the usual corporate spiel on repeat, no clarity in to anything.

Ashley doesn’t want any of the assets being sold. So maybe they put their heads and opened their pockets together. At a premium price as well? Very bizarre and I haven’t seen that before.

Wow. Mahmud finally putting his hands in his pockets!

Ashley and Kumar get the munchies 😂

Cowboy territory 😂

Yeeeeeehaw 🤠

Because they want to annoy Ashley even further in to making a bid I presume.

I don’t think it will parsnip. Too many factors here at play now…disposing of assets, Ashley making a bid, another party coming in, Director buys, placing at a premium? This is a proper rollercoaster and it’s all happening. Like Panmure says if the group is broken up likely to be worth £800m alone. DEBS growing at an incredibly impressive rate could be circa £400m alone.