Member Info for southcoastbather

"Capital markets day planned for Q1 2025"

From 13th Nov rns

Was this a lie bf?

Kach posts questioning why yhere was no separate rns for the egm.... Bf then gets the cavalry ready for war...

Mahmud wastes 100 million on usdc, 70 million on London office, buys properties we don't even know about, makes 250 million plus loss, halves the group revenue, burns 30 million on revb, fills Umars pockets with 170 million, takes undeserved bonuses, trips to Turkey, employs double the staff we need, wipes 4.7 billion off the mcap..... Bf pats him on the back.

"I remember a thread you started not so long ago about how the BoD hadn't published the date of the EGM because they didn't want to be challenged"

That was me, and I pointed out that they didn't release a specific rns for the egm as is standard practice with properly ran companies.

Seems like they set their own closed period regardless of market rules.... Or rather just an excuse to sit in silence watching the sp crater......

15p on or before results?

My guess is 15p before and 12p on results.

Ocean - you have no idea of the level of arrogance and self importance these clowns have. I would urge you to attend the agm just to watch them come swaggering into the room - they will answer to nobody.

They are all thick as thieves, the head of the remuneration committee was still trying to defend the bonus scheme at last years agm - still under the heading of "the hard work done by management isn't reflected in the performance just yet"... And hows the performance now? Even worse.

Those questions in that email are perfectly acceptable, and there's a lot more they should be answering... I can think of 700 plus million

Bfd - looks like you have some humble pie lad.

Anyone seen Jeremyp?

His post count has gone to zero while bf has gone through the roof.

Is it a case of rats leaving sinking ships??

Ceo here leaving....

Ceo over at boohoo left...

Cfo over at boohoo leaving....

Will the cfo here take this down under his tenure??...

Kamani klan the investment killers...

Fed - I don't know how boohoo could take part in a rights issue at revb, we don't have the money?

They're not in a closed period.

A closed period is 30 days prior to results.

They literally said results are early June then went to the on to say they're in a closed period.

Absolute clown show response yet again.

How thick do they think shareholders are?

Kach - it would be interesting to have full disclosure on Mahmuds personal holding in revb - he was after all a shareholder pre ipo....

It has been stated he was trying to prop up the revb price for the sake of his own holding....

Second company heading for all time lows under kamani klan stewardship......

Would they dare be so blatant as to take 2 companies into insolvency....

Greed little things...

Anyone had some words of wisdom or rocket imojis off Mahmud today?

Anyone heard off Dan? Carol? Stephen moron?

its not worth wasting your time typing, they have shown their true colours time and time again.

they were emailing and calling shareholders while they needed them, posting god know how many letters to shareholders wasting more company money - all in the name of the good **** kamani!

nobody should need to be asking what umars role and pay plan is - it should be in black and white and under shareholder scrutiny.... especially when you consider that most recent saga on management greed hitting a brick wall when they had the begging bowl out.

i think cooler was in direct contact with dan but i'd guess thats come to an end?!

i took the choice to have no more contact with management here as they are absolutely full of it sh.

i still email my concerns through so there is a record however.

Yes thats why I said the total staff cost needs to come in under 100 million,

That allows for inflation on top of the 80 million figure. Plus the fact there is more automation, PLUS WE ARE APPARENTLY A MORE CAPITAL LIGHT MARKET PLACE BUSINESS.

In theory we should need far less staff to do 1. 2 billion revenue now than the old company doing 1.2 billion.

You have been arguing for years on here with anyone that has anything negative to say - like a Kamani watch man or something.

Won't be long until you blame Mike for this company needing funding, definitely won't be blaming Mahmud for setting fire to 700 million quid will you?!

Have you enquired about the capital markets day with investor relations? You know.... The fact it hasn't happened.

"Your figure of £100m is also total nonsense"

Last time the company had annual revenue of 1.2 billion, the staff cost was approximately 80 million with 2600 staff.

Wait until the full accounts come out for last year, revenue of 1.2 and staff cost will be in excess of 150 million with over 3500 staff.

Then consider that this current years revenue will be under 1.1 billion...

Total staff cost needs to come in under 100 million to give this a chance of ever making profit again.

Nastygal is absolutely not worth 2 x revenue with 12 million losses.

The saving for the most recent sub let space is in the public domain... 7 million i believe. Quite insignificant tbh in context of the losses this company is making.

Fed - the revb is just another example of watching 20 million quid dissappear, much like the London office sale. Everything is just done to late.

Neither the Kamanis or Ashley will be buying this off shareholders at all time lows - neither side would vote in favour of such a deal.

Their only options are admin and fight for assets, or fund the business and dilute us massively... Or the very tiny chance they could mke a success from now with out funding but the numbers don't stack up imo

I don't think the labels are worth sod all tbh

Nastygal peak 2020 revenue 140 million and over 10 million profit

Nastgal at last set of accounts revenue 26 million and losses of 12 million

Whats that worth now? 5 or 10 million at best?

We had over 12 rns's from the company stating they would return value for all shareholders - but the reality is there will be mass dilution and shareholder wipe out.

The thing is, asos are showing improvement and not just talking about possibilities...

Things asos have communicated -

Record conversion rate in December

Usa market now profitable

As set out in its November update, the Company expects a significant improvement in profitability in H1 FY25, despite continued volume deleverage, following a strong gross margin development driven by lower markdown activity and increased full-price mix, and continued cost discipline. In H1 FY25, the Company expects revenue growth in line with, and adjusted EBITDA ahead of consensus1.

Encouragingly ASOS own brand full-price sales, a core engine of its customer proposition, returned to growth in the first half. This was enabled by its market-leading Test & React model, now more than 15% of own-brand sales and growing, ensuring ASOS can offer the most exciting product and set the trends for its fashion-loving customers.