Member Info for Roharps

Been keeping an eye on the SP here recently and just significantly added to my small holdings. The size of the drop back down to sub 13 is surprising to me given that we have had two RNSs advising of quartz/chalcopyrite-pyrite veining which is often associated with high grade gold deposits.

Emphasis on the word 'often' so please reserve some caution. Definatetly dont want to blamed for telling evwryone there is gold if there is not, but this does somewhat increase the probability of a nice find.

I suspect this will go up again as time goes on as speculative money builds again in the run up to more results.

I also would not be surprised if gold price went up again in next six months given many are predicting economic decline. We will see.

Uracca I am not sure about that. Jupiter largely sold before the price recovered to late 20s from under 10 and Boohoo came and swept up the overhang in supply. The price fell back to where it is now due to the risk suspension brings, that a larger write down on the Balance sheet will occur.

There is large upside and downside from here. To me the SP seems balanced at a fair equilibrium going into suspension given that no one has the foggiest over the accounting issues. Could be a bit of cold feet just prior to the end of tomorrow's trading. Would not be surprised of SP fell back a bit given traders would need to tie money up for a number of weeks.

Regardless of where the SP ends up, I like what the compamy does and in the very long term looks promising given that it has an impressive network of distribution, good products and good customer service.

Hopefully it all works out if not over short term then over long term.

@Dnd2136 Don't be so sure. I was out shopping today in Kingston and store seemed pretty lively.

I also saw some shoppers in the high street wearing Superdry branded clothes. To be clear I am not a shareholder but Superdry is on my watch list. I really love the clothes, particularly the t-shirts. About one third of my t-shirts come from superdry.

Hollister is another one I like, as is next for trousers. Joules shut down their branch in Kingston which is a shame as uses to pick up the odd thing or two from there.

Superdry are strong brand and will be alright long term.

AJones I think I will do the same.
Now that I have taken a highly speculative punt on Cine. I will go straight to the local one in Feltham for good luck. Lol

I bought in today on what is an unbelievable new low.

A third of the value taken off the company in a month. And still it is walked down??? Seems over done to me.

Will find out soon enough.

Why am I 21% down. Thought you were all saying about a gold discovery??

Wti oil price up... Art has bought in to inject some confidence. Hoping this re rates.

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.

Hmmm I think the week has effected poeple quite a bit. Maybe the weekend will be a time to clear heads and perhaps market will be a bit more positive 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?