The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Im not afraid of suspension because of how far this SP has dropped already. It would have to be truely catastrophic to wreck the sp further.
There will be a write down of value on the balance sheet for that there is no doubt.
This aside this is a really great business. I was on Tristpilot reading some of the reviews and generally customers are happy. If they dont like the product a refund is offered no messing. Most do like it it would seem.
There was one customer who moaned about how long the product has taken. They responded to her review within 6 hours to say it was held up at customs and would be released soon!!!
Very impressive how in touch they are with customers.
@Shaml89 Boohoo decline has in my view got nothing much to do with the purchase of Revb ...what are you talking about?. ASOS is down about the same 21% or 22% in 5 days.
It is just horrible Economic data and market driven sentiment. REVB is not massivley material for them given their MCAP and Boohoo picked up the shares close to the bottom.
Many have been saying that for months now that Boohoo doesn't have much further to fall, but then it does again. I bought in this morning thinking that. Totally wrong lol.
I hope something amazing happens out of the blue that starts to reverse cost of living squeeze sooner rather than later.
Should still be ok over the longer time span of a few years i reckon. Share price should go back up eventually.
Really good posts thanks guys. I have decided to hold my shares through suspension. I am guessing sell off is well overdone . GLA
The chapter 11 move would effectively wipe out Cineplex’s claim. The Times called it a 'nuclear option'. Its possible that the verdict was the tipping over the edge point.
CINE going bust is the best possible scenario for a short seller. Because eventually, the broker will declare a total loss on the loaned shares. At that point, the broker cancels the short seller's debt and returns all collateral. HOWEVER
A short seller who doesn't buy back the stock before bankruptcy may have to wait until the company is liquidated to take a profit and that does indeed provide some incentive to close shorts before company declares bankruptcy. How many will want a quicker return is anyones guess though I would imagine a large number are fine to hold?
If investors want to get out of short positions, they must buy back the same number of shares to repay the loans.
I have spent some of my evening on Trust Pilot to try and gage the the customer's mood. Looking mainly for recurring themes.
I am happy to report that many customers are saying that the ASOS staff are helpful, friendly and professional.
Some say they are quick to use. When there is a problem the ASOS do generally seem to resolve it quickly for most poeple. For example someone said that although they received a missing item, the online team were helpful and sent them the item very quickly.
I also get the impression refund issues are down in frequency compared to last time I looked. Which is good.
There are it would also appear still some issues which are less frequent like missing items, warehousing errors and things not turning up in a timely manner but overall doesnt look too bad.
It seems like most reviews either give them a 5 or a 1 with not many in between and if they are taking time to write 5 star reviews its a good thing as more likely to write reviews when you recieve bad service in the main.
One of the customers noted they dont use twitter anymore... and that is true. Does anyone know why that is. I went onto twitter and back in sept 2021 before last posts... customers were moaning so bad on every tweet regardless of what ASOS posted. Did the give up on twitter for that reason?
I think customers just wanted them to respond to negatives on twitter... not pull it???
£200 million has come off the ASOS MCAP in last 5 days and I that just seems a little crazy for the week's news flow to me.
The inflation data is high yes and rents are going up, but unemployment remains low and we have had a lovely summer where some would have bee n buying the summer stock.
To be positive... lets hope the SP recovers a bit next week.
Maybe Boohoo in time may take over REVB if the SP is low enough. These accounting issues may make that possible. Revb was a half a billion quid business one year ago.
I am heavily speculating obviously, but if revb is at enough of a low, taking it over for a few tens if millions and then bringing it in to Boohoo and managing it better could be a good move.
Lets see how it plays out. REVB could bounce post suspension. Who knows. Lets not write off Boohoo's decision making just yet. Although this could also be just a poor strategic decision. Not saying that is not the case.
I just managed to top up which is good
But they have said cash is unaffected and it is effectively a balance sheet write down.
This is expected. If they cant complete the audit its suspended that is that.
Cineworld did respond to media it looks like.
"We don’t have anything to add beyond the statement we made on Wednesday," a spokesperson for the company said.
What do we make of this?
They need to release RNS for clarity
If going into adminstration shares will be suspended.lets see
Cine are as good as done. Very few going to cinema
I was always under the impression that sunny weather helps to drive summer range sells enourmously. Well I have learned something. So what they are saying is...that a balanced summer with rain and sun is what you want to drive optimum sells.
I am not 100% convinced.