Member Info for southcoastbather

His point was this - boohoo were buying 66 percent of plt so they could use boohoo money to build plt then buy the remaining 34 percent at a premium and thus putting hundreds of millions in the kamani family pocket.... Sounds familiar huh!!

His view was to buy all or none of plt.... But what did he know he only helped build boohoo from day one

https://www.google.com/amp/s/www.manchestereveningnews.co.uk/news/greater-manchester-news/tributes-paid-boohoo-sales-director-12943350.amp

T4g.... The guy passed away... He was on here under the girls name Charlotte if i remember correctly and had very famous chats headed "butty van talk"....

He made out he was listening to boohoo staff talking at the local butty van by the factory.... But really he was high up management.

Anyone here with a long term knowledge of boo will back this up.

Lol they discredit themselves....

Were you around when one of the management team used to post on this chat??.... He was very critical of the plt purchase.... The fact that they never purchased 100 percent in one go....

The conclusion is boohoo bought plt to soon.... 18 months sooner than contracted to actually... Oh and they over paid.....

The angriest people on chat boards seem to be the ones who make predictions of very low prices but don't have to nuts to open a position betting on the drop.... They inevitably miss any rise also as they're to scared to buy.

Generally they're stock market voyeurs and never trade and also they only ever point out the 1 in 20 they guessed right.

Xmas 2024....598p....CHOOOOOO CHOOOOOOO

Bruce it would seem you are putting words into my mouth.... Read what i actually wrote...

Weren't you telling people to buy in the 400s??

Calamari.... No, just clarifying the plt deal.

Yes that's exactly it.... When they paid 3.3 for 66 percent they valued the whole of plt at 5...

Then used boohoo money to grow plt.... Then use boohoo money to buy the remaining 34 percent at a valuation of over 800 million.

Nobody cares about your bottom line and cost... What they care about is boohoo group now being worth only slightly more than the whole of the 800 million plt valuation.

T4g the dragons den bit was for your benefit as you do not understand valuations.

It's hilarious posters here don't understand....

Can i make this any simpler im wondering.....

Here goes....

You walk into a shop and buy a slice of a cake that has been cut into 10 pieces.... You buy one piece for a quid... That makes the total cake worth 10 quid.... You may not have paid 10 quid but by buying one piece for a quid you have valued the whole cake at a tenner.

Management did not pay 800 million but by paying 270 for 34 percent they have valued the total thing at over 800 million.... There's no argument.

T4g you are completely wrong and should stop continuing to delude yourself and others with lies....

They valued plt at over 800 million by buying 34 percent at 270 million.

You may have heard of a show called dragons den - of not pop along and have a look.... When a contestant walks on and asks for 100 grand for 10 percent the dragons then try to establish why the contestant has put a valuation of 1 million pounds on the total business.... If you don't understand this you seriously have no idea about business.

T4g buying 34 percent of something for 270 million puts a value on that asset of tripple what you have paid - that's about as simple as it gets in business.

The board elected to buy plt mid pandemic which is simply horrendous..... That same 34 percent of plt today would be worth 60 million at most.

There’s no arguing about it those are facts.

The kamanis only bought the initial 64 percent to allow them to use boohoo money to grow the plt brand, it was simply an exercise to grow it on "free money" then use more free money buy the remaining 34 percent at a ridiculous premium.

They valued plt as a company at over 800 million when they purchased the 34 percent (with option of another 50 million if the sp hit 491p for a 6 month average in 2023 which isn't going to happen) .. Boohoo as a whole group in now worth just over a billion....

There is a silver lining however..... This has cost Mahmud nearly 700 million in lost equity from the sp drop lol....

Their biggest mistake was buying the remaining 34 percent of pretty little thing a full 18 months early....

Had we bought it now it would be a dam lot less!

A lot less!

The company need to address their full forward looking strategy in detail.... They know they have been very lax in this area and the share price has paid the price....

Seen all this tosh with Ocado....

Shorts looked clever for a while....

Not so clever when it went from 250p to 2000p....

BOOHOO 599P XMAS 2024....

Bruce that's the thing.... You can buy sandwiches online lol.... Everything is going online

Lol maxage has just unwittingly provided evidence as to how boohoo is about to see even more growth..... Online is the only way forward....

Shops are collapsing.

If only people understood that boohoo sales increase during crappy weather....

Friday feeling

https://youtu.be/1TewCPi92ro

https://youtu.be/LH-QwK4v0ZI