Member Info for southcoastbather

Rights issue gets announced - every dinlow starts should rolls royce boom.!

If there's no rns tomorrow then this will be in the 13s before close of play.

If there is an rns it could be worse 🤣

The blokes a lunatic.

Ringing countless people today blaming Mike.

Its called box ticking and buying time reardon

RECORD LOW 👍

WAY TO GO DAN!!

SHARE PRICE IS DONE FOR.

"I'd guess if they had waited longer into COVID, PLT may well have cost a lot more.

The RNS also states that Kamani wasn't involved in the purchase process"

😂😂😂😂😂😂

So delusional its unbelievable.

I'd guess if they had waited longer into COVID, PLT may well have cost a lot more.

The RNS also states that Kamani wasn't involved in the purchase process"

The point for me is they were either -

Already planning on buying the rest of the business and raised the money under false reasons

Or

The valuation was rushed over a 10 working day period without proper due diligence.

It's one or the other.

I know which one is my best bet....

Here's an even better one for you -

14th May 2020 boohoo announce an accelerated book build to raise funds for potential acquisitions as a result of the pandemic (no mention of plt and nobody would expect it before the march 2022 contract date)

27th may boohoo comment on share price movement and again state their intentions to take advantage of acquisitions due to the pandemic (again no mention of plt)

28th may they announce completion of buying the remaining 34 percent stake in plt (apparently not using the funds from the book build)

When an how was plt valued by a big independent firm?

A thorough valuation can take 2 months.

It's just so blatant they raised funds to buy plt without burning all the company cash - shafting shareholders in the process...

Someone will write a book about this company...

Https://www.retailgazette.co.uk/blog/2020/10/boohoo-and-select-fashion-linked-to-extraordinary-money-laundering-garment-network/

The more you look the dirtier it gets.... The Kamanis have to go now. Game over for them and their greed.

As I said... The cfo got it wrong... The auditors signed it off.... Then they all had their arses handed to them by shadowfall....

"Following a review of the accounting treatment of the non-controlling interest of shareholders in PrettyLittleThing.com Limited ("PLT"), it has been determined that the restrictions imposed by the Shareholders' Agreement require the proportion of the non-controlling interests' share of the profits of PLT to accrue in accordance with certain terms of the agreement and not as 34% as previously stated. The accumulated profit attributable to non-controlling interests of £8,761,000 as at 28 February 2018 has been adjusted to £4,018,000 and the share of profits for the year to 28 February 2019 from £9,687,000 to £3,875,000 and the difference added to retained earnings. The share of profits recognised by the non-controlling interest increases each year by 20% of 34% of the earnings of PLT from 20% of 34% to 100% of 34% over the five-year period of the agreement, as does the non-controlling interests' share of the net assets."

Read that cracker😂😂 what was the share price in March 2024? 30p?

But management wer confident 491p 😂😂

"The remaining 34% non-controlling interest in PrettyLittleThing was acquired in May 2020, ahead of the original 2022 option-to-acquire date, for a combination of cash and shares with initial total consideration £269.8 million, potentially rising to £323.8 million subject to the group's share price averaging 491 pence per share over a six-month period up until a longstop date of 14 March 2024. If this condition is not met (although management has judged it will be met), this final £54 million element of consideration will lapse."

I think there will be more to come of this inc revb - it's just too blatant... The arrogance is off the chart.

No kach, I'm referring to something you are just too lazy to go and find, I have told you multiple times it is in 2019 or 2020 accounts.

From memory it was 8 million quid wrongly attributed to plt giving umar a massive payday/dividend.

It was reported kach , they had to correct it when it was found out!

Kach auditors regularly make mistakes and have done here when the cfo at the time allowed a payment of millions to sit on plt books into Umars pockets instead of where it should have been, in Boohoo's books...

Something is going to happen here soon.. There's just too much smoke.

It will be before the company responds?

Dan needs to really step up here, or he needs to stand down along with the chairman and Mahmud.

I would think the fca will be forced into having a bit of a look over this whole shambolic state of affairs - it's making a mockery of the market

Https://www.prolificnorth.co.uk/news/boohoo-acquires-16m-property-expand-manchester-base/

Reardon it started years ago....

Of all the properties in Manchester why were boohoo buying from kamani?????

Glass lewis look like absolute fools - they told shareholders to back a man that is using company monies to pay personal debts to the detriment of shareholders.

"It’s a joke, the legal system would be asking the simplest of questions, like why would Frasers buy a 29% stake in a company they had doubt about?"

Truly embarrassing to be talking from one account to another with garbage like this.