Member Info for southcoastbather

600p 2029.

T4g you are defending a bod that have left 1 million pounds of cash in the bank( from over 400 million) You are insane.

John lyttle joined the board in march 2019

Boohoo bought the remaining 34pc in may 2020 under John Lyttles watch.

"Boohoo will have the option to acquire the remaining stake at market value in 2022"

Boohoo made the purchase earlier than contracted.

John lyttle has overseen the spending of close to 400 million pounds on acquiring the remaining 34 percent of prettylittlething and also buying many other failing companies during a worldwide pandemic - you could argue that this spending was against his fiduciary duties as a director/ceo.... He should have been conserving cash and not spending it during a pandemic.

Along with the above mentioned spending he has overseen the company from 124 million pbt down to 7 million - all in the space of 2 year's!!

Plt thing was bought 18 months early at a massively inflated price to the true market value - I believe plt is now running at a loss due to a large percentage of the plt clothing going to the usa but the market doesn't know as it's hidden!!

What would the remaining 34 pc of plt be worth today??? No where near the 270 million that John Lyttle authorised 18 months ago. Slightly fishy they made this purchase just when things started to get dicey and not when they were contracted to?!...

This story is starting to sound like mcolls.... Ie raising loads of money to buy other companies then failing themselves....

Im amazed John Lyttle is still in the ceo chair.

John Lyttle, Group CEO, commented:

"Over the past two years, we have significantly increased market share in our core geographies of the UK and the US, and we have grown active customer numbers by 43% across the group to 20 million. Our focus over the past two years has been on investing to build a strong platform, with the right infrastructure, supported by increased capacity to better serve our customers. In the year ahead we are focussed on optimising our operations through increasing flexibility within our supply chain, landing key efficiency projects and progressing strategic initiatives such as wholesale and our US distribution centre. This will ensure that the group is well-positioned to rebound strongly as pandemic-related headwinds ease.

Not only did we achieve all of the above but in the process we also wasted 500 million pounds of company cash on buying failing companies and also buying the remaining 34 percent of PLT at a massively inflated price to line the pockets of the Kamani family. I would also like to add that there is no organic growth as all the growth has come from the failing companies we purchased.

Best regards

Mr Lyttle

Ps Umar loves Nft's

 

It's funny nobody is questioning the early purchase of plt 18 or so month's ago... The contracted date for that purchase was about now... Certainly wouldn't be worth the billion pound valuation today lol!!

Im still trying to find the resignation letter from John Lyttle within today's update

2024 600p share price...... BOOOOOOOOOOM!!!!

.

Wasting your lives in this chat, I could understand it while the pandemic was in full swing and there was nothing t do but not now, get on and live your life and let this share run - it's going nowhere until the company performs properly...

Seriously must have no life to be commenting on here every day and not even invested...

600p incoming...

What a pathetic sad life - imagine having such a sad life you share your personal life on an open forum about stocks.... Horrific.

Yeh by 0.3 percent.

People selling their golden tickets already... The ride to the chocolate factory is just starting.... Willlyyyy wonkaaaaaa

Pp1 said boohoo would be 20 quid a share by now.....

Interesting the price has held into a rising short position.....

Im sure inread smartie saying he did a trade in the 60s that made 4500 profit..... Imagine if he'd held that fake trade until yesterday......

All aboard the ninky nonk!!

The road trip to 600p has started.....

Beep beep!

They have gone from a 4.2 percent holding to 11.7 percent.... Huge increase....

They can now single handedly block any take over.

Norges Bank has almost tripled its stake in the Manchester-headquartered company from 4.2% to 11.7%, according to documents filed with the London Stock Exchange.

The move comes after the bank first acquired a 3.1% holding in the business in December 2021.

Norges top up