Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
"MattDCFC
Posted in: ASC
Posts: 24
Price: 427.90
No Opinion
Worst decision I ever made26 May 2023 09:12
Investing in this. Never going to see my money back."
Did you just buy back your shares that you made big losses on Mattyboy?
Yea I was wondering, if they took part in the placing, surely their % in the company wouldn't have changed? So it looks like they've purchased more?
Unless the previous % holding in the RNS is based on the new number of total shares? Which would be misleading.
Yea possibly Karl, so any previous price targets you had you should multiply by 80% to allow for the new shares. £24 is still a decent rise from here 😉
I agree MAJW, but they haven't implemented this and Boo have for a long time now, so maybe there is an issue. Could it be with their premium delivery service that they cannot charge return fees?
They could maybe allow a max of 5 returns per year before a charge is implemented?
Thanks for posting. They mention the "serial returners" and waffle on about how they are looking to improve profitability for these customers but they don't mention what they are going to actually do. Maybe that's because they can't really do anything unless they implement a return charge fee or charge higher prices to soften the blow?
If they're so against the a return fee charge, perhaps they could charge higher prices for the items which tend to get returned most often (I imagine dresses?), but then that may cause these items to be returned even more.
Difficult problem, unless you charge a fee to return...
Crikey, I know there's no impact to the bank account. But if they hadn't raised, they would have seen a big minus £75m in said bank account when doing the re-fi. Hence they are in a better position given that that have raised, else they would have even less cash than they have now. No more please this is painful to explain over and over.
Roberto, are you ok? If they hadn't raised £75m, they would have had to settle the old facility with cash from the balance sheet. Cash is cash. Asos cash position would have been -£75m if not raised. Its now £0. Why are you struggling with this concept?
Roberto, whether the cash has been used for debt servicing or any other purpose, the cash raise means cash isn't drawn from the balance sheet. Regardless of which way you cut it, they have had a £75m cash injection, which will help them get through this period.
Also, they've literally just raised £75m. Management think that will be enough to get through this period before we have positive cash generation, else they would've raised more. All games being played.
Knowbodyyouknow, yea we need to stop allowing these fat sized models to generate content on our behalf so they stop stuffing their faces and wasting our NHS and shareholder funds.
Oh, I forgot you can't call people fat these days.
Manifesto:
"Investment bank Numis reports itself to watchdog after retracting memo about THG 'irregularities'
Numis has apologised and reported itself to the Financial Conduct Authority after suggesting that there were "irregularities in accounting" at THG, which it helped to float last year, Sky News learns."