Member Info for simon1367

The Telegraph's article on Saturday just reiterated what has been going on for far too long.....''Boohoo investors in revolt over bosses' pay''. When is this going to end? 40% of investors who voted opposed the ludicrous remuneration packages. ''Boohoo failed to explain why it was awarding Dan Finlay a £2million bonus just months after he joined the business'' and regardless of the company's performance.

Frasers comments about Boohoo are spot on ....''in their dreams are they a competitor, let alone a major one. Their board are specialists in failure and should be sacked''. Never a truer word said.

As a bystander (and an individual once intending to enter at a certain SP) I am watching this daily Punch & Judy show with sadness. I feel sorry for the private shareholders of which there are many. I infrequently comment. However there is one individual on here who appears to be in denial. I'm almost tempted to conclude he is part of the K extended family !!!

This company's attitude with regard to various performance rewards and rumuneration is a disgrace. Setting aside the executives packages (unbelievable given the state of affairs), it is yet another example of the K clan endeavouring to screw as much as possible from the situation before the inevitable end.

The dire economic climate indicates that the only hope for this company is either a merger or being acquired. Hopefully the K's days are numbered. Most of the board need replacing with credible people.

Robsaunders..I agree the consumer cuts back in times of hardship, but when it comes to holidays in the sun, they generally still prioritise that one treat a year. Questor recently tipped the share. Sometimes that is the kiss of death. Look at the five year graph for Easyjet compared to Ryannair. The Easyjet SP has drifted between about £4 and £5 for about five years, with the SP overall down 8% over that period, exc div. Hardly an exciting holding. It's an okay entry point but there are far better investments to be made elsewhere.

I've had time to mull over the delayed results. They obviously wanted to wait until they could add in some good news about the new trading facility.

If we cut out the waffle that auditors put in to try and make things look more optimistic, we are left with essentially this: A significant widening of full year losses with falling revenue. Last year pre-tax losses of £264million (previous year £160m loss), sales down by nearly a fifth, market capitalisation down to only £200million, and an intention to sell the loss making brand PLT. In a nutshell, the company is contracting in order to become leaner and more efficient. That's their stance (excuse) essentially rather like Asos'. It is disconcerting to see that the 'net assets' of the company has plunged to £3.9million from a previous £280million figure.

Concerning the new borrowing facility. Not attractive at 7.3% above base and unnecessary given a cheaper option. £175m facility, up from £125m, gives them breathing space. But the devil may be in the detail. Everywhere detailing this is the phrase ''up to £175m'' which to me indicates that maximum level will only be allowed subject to them keeping within the covenants agreed upon. Bearing in mind the recent difficulties in them delaying refunds, one wonders if they are already into that £extra £50m lifeline.

Regarding PLT. Let's take a step back. In I think about 2017 Boohoo (Mahmud Kamini), bought 66% of PLT from brothers Umar & Adam Kamani for £3.3million (£3,300,000). In 2020 Boohoo, primarily under the control of Mahmud Kamani, bought the remaining 34% for a staggering £269.8million. How that happened is beyond me. People's speculation on here about the valuation of PLT are wide of the mark in my view. Here we have a distressed company, with part of it PLT, losing significant money. A forced seller of a loss making brand is not going get many generous offers. In my opinion, the 34% purchase in 2020 effectively took money out of the entire company structures into private family hands. Nothing new there.

The day after the results, Carol Kane, founder and Group Executive Director of Debs , purchased 6.9 million shares at 14.50 pence each, totalling approximately £1 million, This transaction increased her stake to 2%. Let's hope it is because she has faith in the new strategy rather than propping up the share price. She could have been averaging down of course (a risky personal strategy), given her previous relatively recent purchases at over 30p !!

The Debenhams brand, now central to the turnaround, has shown modest growth, with a 34% year-over-year increase in gross merchandise value and an adjusted EBITDA of £25 million. Yet, this progress is overshadowed by the broader challenges of declining core brand sales and competition from the likes of Shein etc but also, in my view, the continuing presence of the Kamani family. MA may well just sit in the wings for the time being and be a pain in the neck for Mahmud at the A

This year I have come to my senses. I am not saying that Asos hasn't a future but it is going to be a rough old ride for some time to come, rather like the Boohoo debacle. Thank god I sold half my Asos holdings in January at circa £7.34 and re-invested in the Natp Etf (defence industry shares) which has compensated to a large extent for my Asos losses. Looking from the outside, who would look at this share as one to invest in? MA has acquired a large shareholding here and at Boohoo. He has lost a couple of hundred millions on paper. He knows that both brands have their attractions and merely waits in the background to pounce. With Asos he has a tough adversary with Polvsen. With Boohoo he has Kamani to contend with. I reckon his main focus of the two is Boohoo, whereby he will do his upmost to acquire at some point.

Meanwhile, Asos will just about struggle on until a knight in shining armour crops up

This is getting dirty. Having read the Telegraph today it is ridiculous to accuse it of being MA's poodle. It's a very concise but informative piece. Kamani, by changing the articles of the company, is trying to place the company in a position that if it goes bust (after he has taken as much out of it as he can of course, imo), the likes of MA will be left with nothing. The same trick he played when MA lost £150m on Debenhams. Kamani would rather see the company go bust than to see MA acquire it. I agree with Kach on here, Kamani and his cronies need to go. Their actions recently are in no way in the interests of the company. It beggars belief that institutional investors have stuck with K for so long. MA is a maverick and disliked in the city, but he has a damned better idea how to run a business compared to this existing bunch of self serving so and so's.

The main worry is what Deloitte will find in the comprehensive review, which will no doubt encompass previous years. A £30m adjustment for year ending 2025 is bad enough, but if they discover similar anomalies in previous years for the North American operation it could, as HL comment, be a disaster as a lot of projections are based on growth in that area. Meanwhile, pending the outcome of the review, there will be a lot day traders speculaing. Expect a volatile time.

FED1 Looking at Boohoos own appointment details '' Tim Morris joined the Board as Non-Executive Director in May 2021. He was appointed as independent Chair on 21 November 2024''.

The amount of tittle tattle on here is nauseous . The Telegraph article today sees MA turning the screw. He must be relishing this given he and K can't stand each other. K's chance of taking this private (and I still wouldn't put it past him to try and do so) is ebbimg away. The sooner he and his dodgy family connections go, the better, whereupon the company can move forward under better leadership.

Today we are informed that by the RNS that Raymond James Wealth Management has taken a 5% stake; and yet the shares go down 3%. I would have expected a rise on this new. I'm considering going back in at this price and yield. This wealth management company see something.

I've received a message from Temu that they are now dispatching a lot of items from a UK Warehouse location. On delving into this a bit more, they are using mostly Chinese people around the country to store goods in mini-warehouses to effect quick delivery. Another bit of competition to contend with. This is a tough market and not looking good for boohoo

Apart from Nuclear Threat Initiative or National Teaching Institute what does NTI stand for?!!!

Could it be Net Trading Income?

Following update, now $160 . Despite the astronomical P/E, this is still tempting as the company is on a roll. However I'm wary of an overall correction in the markets which is of course inevitable at some point. It is overdue.

I've had a corporate action notification on this stock today. Initially, I can't see the benefit of the option to tender my shares at the NAV less 2%, given the fact that the shares are not at any premium. Also the NAV figure is to be determined at a future date. I find the offer baffling. Am I missing something here?

It's a complex issue but can't see the 'de minimis' system being changed any time soon due to its impact on consumers, small businesses, and the logistics industry. While some argue it should be removed due to concerns about unfair competition and revenue loss, others highlight the logistical challenges and potential economic disruption that would result from its removal. Many small and medium-sized businesses rely on the de minimis rule to import goods affordably, allowing them to compete with larger companies. Cancelling the rule could significantly increase their costs. Removing it would mean a massive increase in the number of parcels requiring full customs clearance, potentially overwhelming customs agencies. There needs to be a better way of controlling unfair competition from the likes of temu and shein.

While it's disappointing to see the drop yesterday, I see this as a medium term opportunity and a reasonable entry point. The next fe months could be a bit nervy due to the stagnant economy and the aspects mentioned by the company. However, logic to me suggests that Breedon is pretty well placed to benefit from an uplift in building etc.

I'm pleasantly surprised by the market response this morning. They appear to see more than I do in the results. I tend to ignore the waffle and go straight to the actual figures. There are some positive areas such as Studios and Digital revenue, but I think the first half years figures show quite a few negative comparisons to 2024, although advertising margins normally increase in the second half which may improve the overall picture. Net debt up by £71 million? Hopefully inroads can be made into this in second half. At least the dividend is maintained.

GreyGeorge......Investors in Chesnara were able to apply for more shares than their initial entitlement, even after taking up their full allocation. This indicates that the rights issue was structured to allow for oversubscription. You owe Jason99 a very big apology given your unpleasant response

Undercrackers: Thanks for the report. Interesting. I had not read this, but it basically mirrors quite a lot of what I was expressing this afternoon,. After briefly glancing at their 'financials' for the last few years I too saw aspects that might make certain interested parties think twice. A smart operator could gain huge synergies but, conversely, managed badly (taking on too much debt to takeover) could land them in a similar over-indebted position.

My feeling here is that Shell would rather not make an offer given the fairly parlous state BP is in. Net Debt is far too high, increasing over the past three years by about £3billion a year (no doubt helping to cover the dividend). Chasing the dividend while seeing the SP drift down is not sensible. Free cash flow deteriorating. Not a great deal going for it at the moment and a lot of hard work required to turn it around. However, reducing debt by disposals could change the picture. Those eyeing it up could see the potential of a much higher break-up value. I suspect Shell would have liitle choice but to enter the fray if a foreign competitor exposed an interest. On balance, one to tuck away imo as I envisage US giants eyeing this up given the weakness. (strike while the company is vulnerable). But expect a bumpy ride with the regulators etc.

CFO to leave ''to pursue other opportunites''. Yeah right. My foot. No doubt he will find a similar role somewhere else, but given the short spell he has been CFO, it doesn't look that good. If things are actually turning around he would be staying to reap the significant performance rewards. This is going to drag on. The SP is struggling to stay in the £3's and if it goes below, it will fall further. It's painful to watch. The company is in desperate need of a change at the top. I Expect an announcement of further job losses in the not too distant future.