Member Info for southcoastbather

It's about time they come up with their new get rich quick while shareholders lose out bonus scheme...

50 million for dan ar 35p

200 million for Mahmud at 27p

300 million for umar at 25p

Https://youtu.be/0xBWBehQflM?si=GbVEzW_lN_C56bFI

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Fed - they genuinely do not know what to do to stop the core brands shrinking, when I say core brands I mean boohoo and plt - those are the brands that have built the business profit. They can chop and change the names all they want but those 2 are the core brands that really matter.

This company is on track to lose half of its revenue over 4 years and all we have changed is John Lyttle. Can you believe a management team have overseen this and changed nothing? The ceo walked of his own choice ffs!!

I've had all the personal phone calls and emails/messages from the company/management. I ended up blocking the numbers so they can't contact me anymore - I'm not interested in anything but the numbers - the rest is all hot air and BS.

It doesn't really matter if the share price rose a bit, the market was bonkers in the midst of the early pandemic online surge.

The reality is that had they stuck to the 2022 contract dates, when the group sp was already down 85 percent, we probably wouldn't have wasted any money buying it - certainly not 170 million anyway.

People can defend management all they want, the reality is we are facing the equivalent of climbing everest naked right now to succeed.... Wearing debenhams socks though!!

Im struggling to believe it was all Jl that decided to buy the remainder of plt, then buy all the brands, then buy the London office, then open the usdc....

It always bugs me that they bought the remainder of plt 18 months before contracted to.... The contract actually said they had to wait until 2022 (can't remember the exact month)...

Nice to see Boohoo deserves betyer website all updated.... Meanwhile the boohoo investors page still showing the same as last week ffs.

All this blame on JL?? ..... It was all Mahmud and Carol.... People seem to forget Carol was joint Ceo and signed off every that John did and the chairman oversaw the lot!

If you believe the spying stories then John only left due to be followed by surveillance staff.... The board have not condemned a single thing done by anyone at the company - Or admitted a single mistake!

They seem to have gone quiet on revb?? - something they felt so strongly about that they fought for control while their own business was on fire - yet now silence?

Its absolutely barmy how people have been brainwashed to just talk and think about debenhams and gmv... Debenhams will add less than 200 million in REVENUE to the boohoo group this year - do shareholders even remember that boohoo group was a 2 BILLION REVENUE business a few years ago?

Debenhams will not save this group, the 40 million cash raise will not save this group, the 50 million from the property sale will not save this group.

The only thing that will save us is to fund profit and find it fast....

Last year we lost £500,000 per day - and If h1 results this year are anything to go by, this has increased

I find it quite comical that so many people attended this meeting yet only 2 of us attended the one back in may when things were kicking off about them trying to take undeserved bonuses....

Just remember if mike hadn't come along they would still be strolling around patting each other on the backs taking bonuses...

Because bonuses help ALL SHAREHOLDERS....

Https://www.lse.co.uk/rns/QUIZ/proposed-cancellation-of-trading-on-aim-if7bw4bylprb8at.html

Quiz clothing

Came to the market and ipo for 100s millions enriching the founding family

Spent all the company cash and swung to losses...

Started a strategic review around 6 months ago and changed ceo at the same time...

Now all the family and friends vote to delist die to costs of being listed...

The uk markets are just open to so much fraud and self enrichment.

Imagine talking of absent minded and then saying this in the next paragraph

"a blind deaf dumb person could figure it out. not too hard."

But back to the company

I wonder how all the people that voted for no change will feel if this goes belly up? Currently there seems to be no route to profit - there's likely to be losses for the next 3 years. So even with cash raises it still needs to find a profit.

It seems like the rational for voting is that mike was the bad guy who wanted to asset strip the company and the current board are the saviours (after stripping 500 million off the market and shareholders while returning absolutely nothing to shareholders plus oversaw a 90 percent drop in company value)

I wouldn't be surprised to see this sink to 20p early next year and then watch the family do an emergency placing underwriten by themselves with a small offering to private investors. (i expect frasers would take a large chunk as well)...

The Kamanis are not in this to benefit private shareholders - I don't know how much more evidence people need to see to open their eyes.

I don't know bf to be honest....

We have had years of investors moaning daily on here, then the first chance they get to make a change to the board they don't take it....

I guarantee the ones supporting the board will be here moaning about them within a few months...

One thing that doesn't happen very often in the market is choice to change failing management - no doubt they will blame Mike if he ends up buying from boohoo in a fire sale....

Im yet to see any signed agreement from Mahmud to say he won't sell assets to his family and friends cheap??

Its really quite disgusting when you sit back and look at the bigger picture

Imagine a company going from 480 million in cash and making record profits to net debt of 150 million and losses of 160 million.... All in 3 years....

Will we be adding mass dilution to that within 12 months?

From here frasers position gets stronger and Boohoo's gets weaker imo...

Frasers as a major holder can ask for many resolutions...

I wonder how shareholders are going to feel once the the numbers are released in the full year results come May, revenue is going to come in at a little over 1.2 billion and the loss is likely to be over 160 million?

By this point the business will be months away from needing a major cash injection....

I do like how they subtract Ashley's holding but didn't do they same woth their own...

For reference frasers own 399 million shares or something along that line....

Should have also stated fpr reference the family and Friends own 500 million shares.... Lets not forget the ebt shares as well...

Still, it is what it is, the onus is on them now to prove the credible plan....

For reference the cash balance is decreasing every day so it's not like frasers position is weakening...

If brands were to recover and debs keeps growing we would be off to the races..... I'm just not seeing anything evidence to say the brands will recover so far.... To recover to previous levels the brands need to help find 800 million of revenue.

They are on near enough a billion gmv already...

They are going to sneak their own labels on debenhams which will increase the revenue and margin, so they cant really compare woth other straight market places... That said the labels are loss making so may not increase the profit margin?!

"SCB, lots of private investors were there as well as retail and institutions, the hall was full with only few places left. You could see the everyone had sad faces, they must have had lost a lot of money here, not many wanted to ask questions, thinking what's the point, and everyone left quickly with a disappointment."

This statement above is bang on point - this is why media weren't allowed to the meeting, management don't want the reality of the situation hitting the headlines. One photograph of that room would tell a very damming story!!

Thats the absurdity the situation here, people had a chance to vote to get at least one new executive director to appose the Kamani dictatorship, but they have blown it!

Had you of spoken to any staff you would have seen the delusion - they think it all rosey and debenhams is the saviour....

Fpr debenhams to make 100 million in profit it will need to generate 10 BILLION gmv... Its not even on a billion yet....

Boohoo and plt combined were making nearly that 1.3 billion revenue....

They're loonatics! (the board and the people that backed then)

Cooler

The management team are in cloud cookoo land, I went to the agm earlier this year... They all walked into the room behaving as if the share price was still in the 300s - they couldn't understand what all the fuss was about.

People here are seeing Mike Ashley and frasers as the enemy, yet had it not been for him - the management team would have had whopping bonuses tor failure. They have got sp used to taking bonuses they see it as a salary for turning up to the office and not any kikd of reward for success.

The problem here is people have forgotten the destruction that has been done to this company over the last 3 years, and its all been done by the board and management team

The biggest disaster so far is the usa distribution centre - that will cost 150 million all told.... It was always destined to fail... They went in too big! Distribution centre capacity over a billion yet revenue of 300 million literally makes no sense. When they first starting building the business innthe uk they expanded when needed - they never started off with a whacking great distribution centre.

Do you have a rough idea of how many private holders were at the egm?