Member Info for southcoastbather

Has it crossed anyone's mind that the current board were purposefully trying to drive this company into administration to pick up the pieces?

Bit then Mike came along and messed up that plan.

They certainly left John Lyttle in place a long time, and even when he left they thanked him for swiping 90 percent off the sp from the peak.

See this is a very rare time I agree with hexam

I can't for the life of me see why any posters keep mentioning studio retail as an example of Mike Ashley...

He had nothing to do with it - it was the management team of the company and shareholders that accused him of being opportunistic only to watch the company collapse.

Management here have destroyed this company value single handedly.

Change needs to happen here - that is a fact.

It just depends whether you believe its Mike or both Mike's.

Mike Ashley is not trying to buy this business - he is trying to run it as CEO, if you think he is going to then start selling assets cheap you are mental.

No ceo whether it be Mike Ashley, Donald duck or Mickey mouse will be selling company assets cheap....

A CEO or other company director who sells company assets at an undervalue can face a number of potential consequences, including:

Personal liability: The director may be held personally liable for some or all of the company's debts.

Fines: The director may be fined.

Disqualification: The director may be disqualified from being a director for 2–15 years.

Criminal prosecution: The director may face criminal prosecution and a potential prison sentence if serious unlawful conduct is established.

Transaction reversal: A liquidator or administrator can apply to the court to reverse the transaction. This allows the company to regain the value of the assets for the benefit of its creditors.

Misfeasance, wrongful trading, or fraudulent trading accusations: The director may be accused of these offenses.

A transaction at an undervalue is when a company sells an asset for less than its market value. For example, a company might sell property at a discount to raise cash.

Frasers are not going through all this to just try and illegally liquidate a business....

This is a truly unique situation here....

We are organising an opportunity for select shareholders who have expressed their interest in supporting Frasers Group to engage directly with Frasers Group representatives and the proposed board candidates through a private conference call next Monday at 2:30 PM. This will provide a forum to address any questions or concerns you may have.

 

If you would be interested in participating, please let us know and we will contact you with further details about this engagement.

 

Boohoo Group Plc has repaid £50 million of its £97 million term loan, following a successful oversubscribed placing and efforts to reduce stock levels. This repayment is a strategic move to streamline operations and maximize shareholder value. The company remains focused on sustainable growth while thanking its banking partners for their support.

Ahhhh I see, so its being flattened up for xmas allegedly.... Alleged by the person that day in day out says there's no manipulation... Brilliant.

Cawwww he's angry on a sunday....

Clowns are like busses.......

Your school teacher mrs would be so proud....

Could do with Carol putting more than a months wages in really.... And Morana should be buying... A cfo with zero holding doesn't show much faith.... If they don't have faith then pish off to another company 😉

What with all the clowns here....

Roll on the EGM

I don't think i stated "2 years to the day".

For all the daily comments over the last 2 years - the sp is 10 percent lower than it was 2 years ago.

Maybe the best all round compromise is to have Mike Lennon on the board but not Mike Ashley??

There needs to be at least one independent person on there and we definitely need restructure so Lennon might be the right vote.

I can't remember one person saying it was a bad idea at the time..... Only in hindsight.

At the time the shipping crisis started I was of the opinion they should have shut the US operation all together to save cannibalising the main uk operation.

This business now needs restructuring from the ground up - dump the underperforming rubbish, dump the London office, dump one of the uk distribution centres, dump a load of staff including half of the board.

We need fresh eyes in the board right now.

None of the current board are even nearly capable of restructuring and down sizing.

It's time the whack a mole game was over

It's no good selling Debenhams....

Debenhams is the future growrh....

Had a look at nastygal performance earlier - it's a furkin disgrace that singlehandedly warranted the sacking of 2 or 3 people.

1 - who ever was running it

2 John Lyttle joint group ceo

3 Carol Kane joint group ceo

From 2021 to 2024 the revenue has dropped from 140 million to 24 million (by 2023 it was down to 67 million)

And to think they thanled John for his commitment when he stood down! The bloke should never head a listed company again, or any other company for that matter.

Checked companies house - im not finding where the individual brands are broken down - it losts the parent company figures which are the smae under every brand name.... Unless I'm missing something

Well bf is correct - that will be a separate meeting.

Letters from boohoo now landing on the doormat....

Requesting shareholders support....

Apparently the current board have a plan - has anyone seen it because I haven't....

Desperate people dp desperate things...

This whole thing has shook the Kamani clan to the core...

The funny thing for me is this - people's main gripe here lately has been the bonuses paid and the bonus scheme put forward....

The new chairman has been sat on the remuneration committee that has agreed all the bonuses!!!!

You could not make it up.