Member Info for southcoastbather

Alex i suspect they will not only scrap that rule, but also implement a whopping great tax on top to trump it off!!

I don't need an institution to buy shares to tell me that going into nearly 3000 new retail stores is a massive positive with huge upside for the future...

Not good news for any Chinese imports..... Shein ipo value probably just dropped 90 percent.

I must admit it's a strange dialogue, Debacle seemed to argue a point, then correct his mistake, then re argue that point...... Anyways it seems much more important regarding how boohoo respond to frasers requisition withna deadline fast looming...

Iparsnip - Did a Short disappear Jeremy?

Jeremy - GSA dropped out

Debacle - GSA reduced to 0.49% - hardly a drop out - please don't mislead people

Jeremy - How do you know it’s 0.49??

Debacle - Because the last time you have to report is when your position drops below 0.5% and you have to report what your resultant position is at that time which is 0.49% as at 04/11/24

Debacle - Actually they could have reduced further today but we would not have any way of knowing given that it is not reportable below the 0.5% threshold

Jeremy - You don’t know it’s 0.49% though….

Debacle - Just me and the FCA daily report - jeez

Jeremy - Could be 0.20? 0.30? 0.48?

Debacle - As I said - it went to 0.49% on 04/11/24 - even shows it on this here website. Give me strength

Amazing how 3 people that are correct all stating the correct procedure appear to be acting in concert....

Debacle you seem to be confused with the difference between the threshold for reporting to the fca and reporting to the market.

If someone had a short of 0.51 and they reduced that position to 0.49, any further decrease below 0.49 would NOT be reported to the market - it would be reported to the fca though...

That said im far more interested in Frasers position

Once a a short position drops below 0.5 there is no duty to report and further reductions - theu could exit fully 30 seconds after reporting that drop below 0.5pc.....also there could and probably is quite a few that stay below the threshold at any one time amounting to a fairly large un reported amount...

You have to remember that asos is a 3 billion pound revenue business... Some people here want you to think it's a corner shop.

Asos founded in 23 years ago with pretty much all of its growth achieved without buying up other companies.... And here we are at 3 billion revenue...

Now look at frasers for instance - founded 42 years ago and just about reaching 5.5 billion in revenue, with a large chuck coming through acquisitions... The sp has also had multiple cycles up and down with some huge drops in value.

Asos is an online giant that is going nowhere... When asos reaches the same age as frasers you will be looking at a 10 billion revenue business.

Nobody is calling administers in when deals like the below are being signed.... More likely that creditors would throw extra credit at the business.

"The Group has agreed a new relationship with DM Germany, Germany's number one mass beauty retailer, where Revolution Beauty will launch in more than 850 stores in January 2025. Revolution Beauty is also expanding into 250 new Boots stores in the UK in October 2024. In the US, Walmart will carry a full assortment of Revolution Beauty products in more than 1800 stores from January 2025, and its new Amazon US shop, launched in HY25, is growing ahead of plan."

The pandemic caused among other things, a new breed of investor imo.... The see a profit and take it kind of investor....And its not surprising based on the volatility in the market at the time. But this will, as everything else has done in time, go back to normal.... There will then be a breed of "I wish I held those shares for 5 years" type of investor.....

Just look at the usa, their market got back to normal a lot quicker, as did their inflation levels...

The uk is so far behind.

A lot hinges on current trading and forward guidance.... If the future is looking up then its up up up....

"· ASOS expects FY24 adjusted EBITDA at the top end of consensus estimates2, sales slightly below guidance, and all other guidance as set at FY23 year end remains unchanged."

Very likely mike....Putting on the Kamanis

Added here.... Big things happening in 2025.

Frasers have posted the requisition for the meeting and are now waiting on Boohoo to respond within the 21 days allowed.... If they don't agree to the meeting frasers can then push for the meeting to go ahead regardless of what the boohoo board say...

Winter season collection is absolutely on the money....

Check out the Facebook page... The fleece collection will do well imo.

Sound familiar?? Give it time....

https://www.sharesmagazine.co.uk/news/shares/boohoo-slams-revolution-beauty-board-changes-as-war-of-words-turns-uglier

The online fashion seller ‘fails to see how such a board can claim to be acting in the best interests of shareholders, and is instead self-serving, as demonstrated by its actions’ which will ‘likely result in significant remuneration and share awards for members of a self-elected board at the lifting of the suspension of trading in its shares

There's definitely going to be an EGM....

The big question is this....

Will we only be voting to appoint mike as CEO and his right hand man as a director....

Or will it also be a vote to oust the chairman....

If both of thr above are requested to be voted on then Kamani is in big trouble and will likely fold at the 11th hour before an EGM can take place.... There's no way Mahmud survives that vote!

Mike has more on the line here than all the kamani clan put together. ..

Cooler - unless Mike is writing a book called "how to burn 700 million in 3 years" he certainly won't need to nick any ideas from boohoo... It's actually quite the opposite opportunity with Mike on board.

What boohoo are really worried about is the fact that Mikes first port of all will be to grill the last 5 years accounts (the bits the market doesn't see).... 2 years where it went right followed by 3 years how it went wrong.... Then he would undo all the mistakes and get this company flying which would humiliate the Kamanis.

Don't be suckered in by boohoo saying they want to engage with Frasers.... They are trying to stone wall them and the new CEO appointment is so weak - Boohoo needs proper CEO with a proven track record... And the amount we pay in salary could get us the best!!

For the last 3 years there have not been any meaningful management buys - and now they're going to pay for that neglect when frasers force the matter of an EGM... The board here can't actually stop it. Frasers can literally hold the EGM at their own offices should they choose.

This announcement today is again highlighting that the Kamanis and the board in general believe they can do what they want, when they want, with no repercussions.

There is just no independence here, they haven't even consulted large shareholders regarding the appointment.

Look at the recent bonus saga - the board and the remuneration committee all believed the management team has done enough to warrant bonuses - quite the shambles when the chair of the remuneration committee is best buddies with Mahmud. Where's the Independence??

This new guy is just another mask for Mahmud to wear - whack a mole style.... John gets whacked down and this clown pops up...

Are we supposed to put our faith in this guy to oversee all decisions regarding finances, logistics, Selling brands and property? He has no experience of any of that.

The company as of yet haven't even admitted John Lyttle made a single mistake, and this guy worked underneath John. If they don't admit mistake how do they cure them?

What is he anyway? CEO or joint CEO? Thay failed to mention that bit - has Carol sloped off front the joint role?

Who would you rather set up a company with - Mike Ashley or this guy?....

I'm fully expecting Frasers to push for the egm - they will get all my votes....

How many shares does this Dan own? Has he bought at any point to show his faith??

Im fully expecting the new CEO to be announced at the same time.....

Also suspect the announcement will come with statements of blessings from other large holder's...

Provided the company has provided good progress on the small matter of buildings and brand disposals that is....