Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
The article in the telegraph states that PWC aren't tendering to be auditors and classes this as "resignation" but at the bottom I think this bit is key:
"Andrew Wade, an analyst at Jefferies, said: "It seems unclear to us which came first, the launch of a competitive tender process by [Boohoo] or the indication by PwC of its intention to resign.
"Regardless, we see no suggestion of any financial impropriety and would be inclined to view this as short-term noise in the context of the investment case."
The Shore Capital analysts added that the change of auditor is "not helpful as the reputational headlines are damaging". "
For me, if PWC didn't indicate and intention to resign and Boohoo simply decided to change auditors then this is just media scaremongering. I guess the truth will come out in the wash either way.
Thanks Bruce. HSBC is just where I naturally put my ISAs when i first started buying shares as it is who I banked with, but I am going to try and move at some point. Any new ISAs will definitely be elsewhere.
I've had no notification on my HSBC account. I phoned them today and they know nothing about it and said i will have to wait for a LETTER! (Yes a letter!) I asked for electronic notification but they gave some garbled reason why they can't. Seriously thinking of switching companies but I looked into it and it can take 6 weeks and during that time you can't buy or sell.
:-/
https://www.asktraders.com/analysis/synairgen-shares-are-up-41-2-since-friday-heres-why/
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(vox have an free app with live pricing if that helps)
I was told only last night about issues with modern slavery in care home agencies with undocumented workers all exploited and crammed in a house together (not all agencies obviously). Modern slavery is an endemic problem in country - nail bars, car washes etc... And the government/MPs/Councils/police have a responsibility to deal with it at its roots. It will still exist in this country if they don't do that. Boohoo are taking big steps to clean up their supply chain but that won't clean up the problem in the country. It will just remove Boohoos links to this one section of it. The factory owners who exploit people and have them all cramped up together living in a house, may well find another way to exploit them away from Boohoo.
I'm happy with the steps Boohoo are taking. I think we should give them a fair chance to make those changes and not seek to use them as a scapegoat for what is a much wider problem.
Click the green button at the bottom of the page https://www.gov.uk/tax-sell-shares/work-out-your-gain
woah whats going on?! haha
I just read the report. It overlooks Boohoo opening their own factory in Leicester which will enable them to continue with test and repeat in the U.K.. It also overlooks international growth - where UK factories are less relevant for test and repeat.
When Shadowfall previously released a report, this board got infected with a load of scaremongers saying it was going to 50p or zero etc trying to scare people into selling. There was also people likening it to Muddy Waters in an effort to scare people. Make your own decision, do your research and watch the share price but don't let anyone who rocks up on here get you down this week. Take a break if it starts getting to you. Good luck all.....
I haven't read the Shadowfall report but I glanced at it and it seems like a rehash of the Boohoo report. When they didn't close, I had wondered if shorters would have more tricks up their sleeves and use them after results. From their point of view, they probably see a 3 month window without good news from Boohoo until the next trading update and they need to get the price lower if they ever want to close the short. Since money is involved who knows how low they would stoop. However, if all they are doing is rehashing the report that Boohoo already made public, I am not sure that it would leave lasting damage. And on the other hand, maybe if we are lucky, they got the 3 month window of no good news wrong - ie maybe another acquisition or something unexpected etc...
Is it market abuse to issue a report with the intent of lowering a share price as a result, while also short and hoping to make a financial gain? Last time I emailed the FCA, not that they did anything about it.
In short no EUA didn’t RTO into a shell. Shares can be suspended for a range of reasons.
Agree Mattyboy. Long term prospects are very good. I believe there is more to come for those with the patience.
A lot of people bought in on the drop £2-£3 with an intention of selling when we had this weeks trading update. If we all try and sell in the same couple of days, the price will drop.
The last trading update (June) didn't really have as much anticipation as some people had been a bit spooked by the shadowfall drop and missed the rise with the PLT acquisition. People were also unsure how COVID was affecting trading at that time. Then the update exceeded expectations (and it included the Oasis/Warehouse acquisition) but there weren't as many people speculating which is why it sat pretty stable at £4.10 for quite a while. (It was pretty quiet on the board at that time)
I checked this site (Shorttracker) and it has different short positions listed to LSE.
This one says Odey Asset Management changed their short on 28 Sept. I guess they closed it as the share price increased that day and they are no longer listed as holding a short (or maybe they dropped under the 0.5%.)
https://shorttracker.co.uk/company/JE00BG6L7297/
Interesting that LSE has citidel listed as short yet they are not one of the parties on the short-tracker link. I wonder if it is not up to date.
Apologies if someone already posted this. (So many messages on the LSE boards I can’t read them all)
Chris Akers has retweeted about SNG in France today. Maybe he has some shares. (This is pure speculation by me so don’t take it as fact). But regardless a lot of investors follow him so maybe that got us some more people interested in the share.
DYOR