Member Info for southcoastbather

Mystic meg....

"southcoastbather

Posted in: BOO.L

Posts: 7,773

Price: 31.70

No Opinion

LEAKY LEAKY!!13 Jan 2025 08:10

Oh look - another massive drop on no news!!

38p down to 31p in a matter of weeks, the 6 percent off today on open down to 29p....

Where's this going when they release the figures showing no recovery in revenue or margin? Sub 20p?

Similarweb wen stats out....

DEBENHAMS GONE BONKERS!!!

----

----

---

-

-

-

-

--

---

- -

-

DOWN 2 PERCENT 😂

Must still be falling from the stupendous heights it hit to give 20 million revenue growth ehhhh

Management here literally have no shame...

Even less shame than mr 2 percent talking to himself

Yes, a company's listing can be suspended for failing to hold its Annual General Meeting (AGM) on time, particularly if it's a public company. Public companies are required to hold their AGM within six months of their accounting reference date. Failure to do so can lead to suspension of trading by the Financial Conduct Authority (FCA).

Here's why and how:

Legal Requirement: Public companies must hold an AGM within six months of their accounting reference date, which is the end of their financial year.

FCA's Power: The FCA has the authority to suspend the listing of securities if the smooth operation of the market is jeopardized or if it's necessary to protect investors.

Consequences of Late AGM: Holding the AGM late can be seen as a sign of poor governance and can potentially indicate other issues within the company. This can trigger a suspension of trading.

Other Issues: If a company's audited accounts and financial statements are not available within the required timeframe, it can also lead to a suspension.

AIM Companies: Companies listed on the AIM market also face similar requirements and potential for suspension for failing to comply with listing rules regarding AGMs, as outlined in the AIM Rules.

No Fed, I never once stated today. (you stated today)

I was basing it on 21 clear days and not 21 working days, the regulations state 21 clear days and no mention of business days.

Therefore if the company do not announce the agm by the 10th August (11th being the next available day on Monday) then the are breaking the legal rules and also their duties as director.

The above is a fact, when they release the rns has no bearing on whether I am right or wrong, its a case of if they choose to follow the rules and show good company governance - remember they promised good governance to gain votes for Mahmud??

Another fact is they can be suspended for not holding the agm on time - regardless of anyones opinion they could well be suspended.

. For listed companies, the AGM must be held within six months of the end of the company's financial year, according to the Companies Act 2006. While there's a general rule for all companies that no more than 15 months can pass between AGMs, this is overridden by the specific six-month rule for listed companies.

Yes, a company's listing can be suspended for failing to hold its Annual General Meeting (AGM) on time, particularly if it's a public company. Public companies are required to hold their AGM within six months of their accounting reference date. Failure to do so can lead to suspension of trading by the Financial Conduct Authority (FCA).

Here's why and how:

Legal Requirement: Public companies must hold an AGM within six months of their accounting reference date, which is the end of their financial year.

FCA's Power: The FCA has the authority to suspend the listing of securities if the smooth operation of the market is jeopardized or if it's necessary to protect investors.

Consequences of Late AGM: Holding the AGM late can be seen as a sign of poor governance and can potentially indicate other issues within the company. This can trigger a suspension of trading.

Other Issues: If a company's audited accounts and financial statements are not available within the required timeframe, it can also lead to a suspension.

AIM Companies: Companies listed on the AIM market also face similar requirements and potential for suspension for failing to comply with listing rules regarding AGMs, as outlined in the AIM Rules.

Quick.... When proved wrong deflect to frasers....

2021

Final results 5th may

Agm notification 19th may

Agm held 18th june

--------

2022

Final resulta 4th may

Agm notification 17th may

Agm held 17th June

------

2023

Final results 16th may

Agm notification 25th may

Agm held 22nd june

------

2024

Final results 8th may

Agm notification 23rd may

Agm held 20th june

------

2025

Complete shambles

Yes, UK listed companies are generally required to release their year-end results at least 21 days before their Annual General Meeting (AGM). This is a requirement under the Companies Act 2006 and ensures shareholders have sufficient time to review the information before voting on related resolutions at the AGM.

Here's a more detailed breakdown:

Public companies must hold an AGM: UK law mandates that public companies hold an AGM annually, typically within six months of their financial year-end.

21 days' notice is standard: The company must provide shareholders with at least 21 clear days' notice of the AGM.

Accounts must be circulated: This notice must include the company's accounts and reports (including the profit and loss account, balance sheet, directors' report, and auditors' report), which should be sent to members at least 21 days before the meeting.

Exceptions exist: While 21 days is the standard, the company's Articles of Association can specify a longer notice period, according to Sprintlaw UK.

I'm not really sure where the confusion is tbh, it's pretty straight forward, the agm is for the purpose of reviewing the annual results and for shareholders to decide if they wish to re-elect board members based on the results hence the results being released 21 days before the agm to give investors time to review. If results are released at the end of this month the agm will be 21 days later.

Yes, UK listed companies are generally required to release their year-end results at least 21 days before their Annual General Meeting (AGM). This is a requirement under the Companies Act 2006 and ensures shareholders have sufficient time to review the information before voting on related resolutions at the AGM.

Here's a more detailed breakdown:

Public companies must hold an AGM: UK law mandates that public companies hold an AGM annually, typically within six months of their financial year-end.

21 days' notice is standard: The company must provide shareholders with at least 21 clear days' notice of the AGM.

Accounts must be circulated: This notice must include the company's accounts and reports (including the profit and loss account, balance sheet, directors' report, and auditors' report), which should be sent to members at least 21 days before the meeting.

Exceptions exist: While 21 days is the standard, the company's Articles of Association can specify a longer notice period, according to Sprintlaw UK.

Listing on a UK Stock Exchange:

Listing requires compliance with UK listing rules.

Companies listed on a UK stock exchange, like the London Stock Exchange, must adhere to the UK Listing Rules (UKLR), which are overseen by the Financial Conduct Authority (FCA).

UKLR rules apply regardless of registration.

Even if a company is not registered in the UK, listing on a UK exchange means it must comply with the UKLR's requirements for information disclosure, corporate governance, and other relevant matters.

Also results should be presented to shareholders 21 days before the agm.

Potential Penalties:

Fines: Companies and their directors can be fined for failing to hold the AGM on time.

Legal Action: The company and its directors could face legal action, including potential prosecution, for non-compliance.

Insolvency Service Investigation: In severe cases, the Insolvency Service may investigate and potentially initiate disqualification proceedings against directors.

Administrative Sanctions: Companies House, for example, may impose penalties or take other administrative actions.

Effect on Directors: Directors can face personal liability, and their actions may be scrutinized, especially if it leads to significant detriment to the company or its members.

What to Do if the Deadline is Missed:

Seek Legal Advice: If a company anticipates it will miss the deadline, it should seek legal counsel immediately.

Apply for Time Extension: Where possible, apply for an extension before the deadline. Retrospective applications are more difficult to obtain.

Inform Stakeholders: Keep shareholders and other relevant parties informed about the situation and any steps being taken to rectify it.

Safe to say this will be getting lowered

"Earlier this week, Deutsche Bank was reported to have lowered its price target for Boohoo from 26p to 15p and maintained a ‘sell’ rating – sparking its share price to fall by 7 per cent."

Everyone gets it wrong sometimes... I mean the board said this was undervalued at 500 million mcap.... The market listened....

Here we are at 225😂😂

"To be fair to BFD our CEO is on record saying DEBS is worth more than entire market cap at the time of £500m. Putting in to context the valuation of Adanola he is not wrong.”

Exactly reardon - and that loon is so say running the company.....

Would have been far better to admit the absolute state the company is in then get to work... Much like RR did.

Does adenola equally have a department that provides 80 percent of the revenue declining at 21 percent currently?....

Anyone else get the feeling that rns regarding refinancing was snapped out so fast because there was an attempted deal that fell through therefore the market had to be updated...

Our ability to borrow must be drastically reduced with a falling share price, combined with growing losses and revenue still declining.