Member Info for southcoastbather

On a comparison with nbrown

I'd say plt is worth about 150 million today.

Boohoo 100 million (when taking into account the losses of 100 million attributed to just boohoo itself)

As for debs being worth more than 400 million, it's just farcical.

Makes you realise todays mcap is probably over valued slightly.

Ok let's have some fun

What is plt worth right now?

Https://ww.fashionnetwork.com/news/N-brown-explores-job-cuts-report-says-very-made-a-recent-offer,1673058.html

It sounds like the founding family were forced into making an offer due to an offer being received from another group

Could similar happen here??

I don't think anyone would be considering an offer here unless revenue stabilises and losses reverse.

Mt11 - Ashley owned a 20 odd percent stake nbrown.... He bought cheap so voted in favour of the buy out.... (the founding family owned over 50 percent)

I've no doubt if he was offered 50 to 60p here he was also vote in favour - and rightly so from his point of view.

That said he owns more here than all the kamanis put together so he could make it very awkward for them here, especially if the institutions were not happy with an offer.

I don't believe an offer will come here though.

"Falcon 24 Topco, the vehicle Alliance is using to buy N Brown, said: “N Brown is not benefiting from being listed on the Aim market, whilst having to bear significant costs associated with its listing.”

It added that N Brown’s shareholder structure was “very low trading liquidity” and that the limited UK fund manager appetite for small cap consumer stocks meant it was not helped by the listing on London’s junior stock market."

Long term shareholders shafted at nbrown by founding family.... Let it sink then bought it out...

https://www.retailgazette.co.uk/blog/2025/02/n-brown-191m-takeover/

N Brown completes £191m takeover by founding family

The deal sees the Alliance family, which already holds a controlling stake, take the Jacamo and Simply Be owner private.

The thing that amazes me is posters here spent 2 years crying about poor communication...

Then when the board needed said posters votes they were only happy to email, call and send letters through the post.

Now those same posters have no idea what is going on or just what this incredible plan is - yet they are here defending the board, I guarantee this defence will not last much longer.

I am not interested in any bullshlt personal communication from anyone at the company, I put an end to that months ago when I realised they are full of hot air.

Should I be in shock that this is still falling after Umar put a post out saying "everything's going ok".... I'm sure he has over 2 million reasons this is going ok?!?

The market doesn't trust or believe anything this charity says.

I think its fair to say the strategic review and credible plan is nothing more than snake oil....

Shut up with that rubbish

This is sinking because the company is knackered - plain and simple.

We've had months of being told it's being held down for frasers to buy yet here it is even lower and nobody is buying thisnis banger.

All historic lows will soon be smashed then on to all time lows on any trading update.

Your attempt to spin any thing as positive is futile.

THERE HAS BEEN NO POSITIVE TRADING NUMBERS IN 3 YEARS.

What a load off old tosh..... The market seems to be telling shareholders they made the wrong choice.... Roll on trading news when we will see the full mess and 15p share price.

"The Company announced on 18 October 2024 that it had commenced a process to unlock and maximise shareholder value through a review of options for the Group's main divisions. The Group is only at the start of the process of determining what options maximise value for all shareholders and will maintain high standards of corporate governance as it undertakes this process. The Board believes that boohoo is fundamentally undervalued and that this process is the best way to serve all shareholders.

In the interim results, the Company intends to provide more details to shareholders of our core brands. The Board expects that the ongoing review of options will take several months, and the Board will update shareholders with full transparency at the appropriate times.

The Board remains committed to open and transparent engagement with all of its shareholders, including Frasers and that it is fully aware of, and is continuing to act in accordance with, its duties. The Board is also committed to ensuring it takes the right steps to drive the Group in the interest of all shareholders and not just Frasers' self-interest."

It's interesting that posters here believe they have assurances from the Kamanis.... Obviously missed this....

"Proactively, and with the Group's corporate governance framework squarely in mind, Mahmud Kamani, boohoo's other major shareholder (who, together with his family and related family trusts, is interested in approximately 23.21% of the Company's issued share capital) has confirmed that he has no intention to make an offer for boohoo and will provide the Board with the same assurances it is seeking from Frasers once Frasers have agreed to provide them."

If I had voted for the current board at the recent egm, I would be emailing them for a explanation of exactly what is going on right now.

They promised better communication and a full strategic review followed by a credible plan.

Since then the only thing that has happened is more dilution and bonus awards for some board members!!

No doubt anyone that has had contact regarding the eroding shareholder value is being told its just manipulation...

So we're going into a capital market day with -

Record losses

Possibly a record low share price

Tanking revenue

Etc etc etc....

Financial suicide!!

Few more percent to go tomorrow no doubt!

Shareholder value my aris!!

Thanks Mahmud and Dan!!

All together nowwww... If you're happy and you know it clap your hands..... 😎😍🥰😇😍

The clueless clown show continues.

Boohoo is NOT market place business.

Less than 10 percent of boohoo revenue comes from market place.

Nobody is interested in pre returns gmv, it's a complete nothing number.

Gmv of 2.4 billion pre returns resulting in 1.2 billion revenue.

If I were them I would keep my mouth shut about pre returns gmv as it makes the revenue number look even worse.

For boohoo to compare to Rolls Royce....

Dan would have to -

Admit hat boohoo is currently a cash burning machine

Return revenue to 2 billion

Return pbt to 150 million

Return the share price to 400p plus

All within 3 years

Instead of all of the above, Dan has tried to lie about the state of the company by using misleading pre returns gmv, he has done interviews that haven't mentioned losses (they even hinted that there was growth currently in the interview which is ludicrous). He has diluted us to pay debt that wasn't due, he has sold properties losing 20 million from the purchase price, he is now not updating the market on key figures that are due, he hasn't updated the market on the strategic review or the credible plan.

He has however taken over a million quids worth of shares with no tie in period.

Umar has come back for a figure that is so ridiculous the board refuse to release it.

It's so comical watching all the Kamani apologists trying to justify the complete and utter destruction of the company and its share price.

As for thinking the capital markets day is a good idea, you need to give your head a wobble - they cancelled last years due to the company not being in the right place, its in a far worse position right now.

What a complete farce!!

I wouldn't call 7am the crack of dawn - some might though.

Still holding here unfortunately - as stated previously I'm stuck in here hoping for a miracle, and happy to own up to that.

Anyone thinking the company has more than 6 months left in its current format is simply delusional.

The Kamanis are sorted, they have pulled half a billion quid out, anything else is a free spin for them.

The board here will shaft every single one of you without a single bit of remorse.

Crazy to think 7 months ago they were asking for bonuses while posting 160 million losses huh?

Anyone heard off Dan?

Anyone heard off mahmud?

Anyone heard off Morana?

Anyone heard the credible plan?

Anyone heard the revenue slide has stopped?

Anyone heard that losses have stopped?

Has anyone actually heard anything of substance?

Nope.

Probably 4 to 6 months away from an administrator being appointed

People just don't seem to grasp how knackered this company is.

Nothing is going in the right direction apart from the Kamani bank account balances

How on earth can they even consider a capital markets day? There is nothing positive.

The company is losing hundreds of millions per year and there is no chance of this trend reversing with current revenue and staff numbers.

Desperate Dan has already said he doesn't want to cull staff - he is not man enough for the role of ceo here.

They keep raving about debenahams, but the tiny profit debenahams makes wouldn't even pay the remuneration of the ceo, cfo and Umar..... Who is paying the other 4000 staff???

This is no longer a business, it's a charity that pays staff...... until the money runs out.

REVENUE is 1.2 billion quid and still falling

Losses will be 200 million plus

Dan has no business running a business in the state boohoo is currently in, he has ZERO prior ceo experience....

Shareholders all together now.....

https://youtu.be/M6LoRZsHMSs?feature=shared

Nobody seeing the similarities over at quiz then??

Their rns history reads like a blueprint boohoo are following!!!

Administrator in on day one and right sizes the business, culls staff and non profit making shops, then sells it back to a new company set up by the original board and founders/family

https://www.independent.co.uk/news/uk/home-news/quiz-clothing-administration-stores-b2701654.html

WON'T BE LONG UNTIL MAHMUD IS SAYING....

Sheraz Ramzan, chief executive of Quiz, said: “The board took the difficult decision to appoint administrators to Zandra Retail Limited in light of the continuing challenging trading conditions impacting the group’s performance.

“We are deeply sorry to those affected by the store closures, including our retail colleagues.

“However, this decision will put the business in a more sustainable footing for the future and protect several hundred jobs as a result.”

All you clowns that think he's your buddy need to wake.....