Member Info for southcoastbather

The excess staff cost have been stated before

I think it was 2019 they did 1.2 billion revenue and total staff cost was 80 - 100 million quid

2023 they did 1.4 billion revenue total staf cost was 160 million quid

It's a pretty blatant issue.

Fed that was not a 10 percent total staff cut.

Kach i can tell you now, that unless there has been a massive change, say in staff numbers, like they have culled 30 percent of the workforce, or revenue has returned to growth across the group, then no cash will not last another 15 months.

Absolutely no way current cash will last until next October kach

Kach's phone call is worrying without them even having to confirm anything.

There are a possible things to take from it...

1 - they don't have a presentable set of accounts even after 6 month's

2 - current trading is so poor they can't even get a going concern statement

3 - they still won't confirm that results will definitely be out by the end of August deadline

My guess is this goes into suspension to give them a tad more time to finalise shafting shareholders

Go and take a look at him ranting and berating everyone! Got it completely wrong and probably cost people a fortune.... Second name Kamani by any chance?

Interesting to see gst was being manipulated down for months according to bf, then gets suspended for delaying accounts.... Biggest idiot on lse and people are actually taking note.

Surely anyone defending management or this company must be mental??

Tick tockkkkk...

A public company must hold its Annual General Meeting (AGM) within six months of its financial year-end

A public company in the UK must give at least 21 clear days' notice for its Annual General Meeting (AGM), according to Legislation.gov.uk. This notice period excludes both the day the notice is sent and the day of the meeting itself.

If a UK listed company fails to hold its Annual General Meeting (AGM) on time, it can face legal consequences, including potential fines for the company and its directors, and possible legal action. Specifically, public limited companies (PLCs) are legally required to hold an AGM within six months of their financial year-end. Failure to do so can lead to shareholders taking action against the company and its directors.

"neilhumphreys5ya

Posts: 3,715

Price: 17.16

No Opinion

RE: Where is the pressure from Frasers?Today 09:00

South coast,

Why do you come on a chat to tell lies?

You are prepared for what follows your lies?"

Neil - which lies? And what is going to follow the alleged lies?

Fed the big question is what rns will drop next....

I see the options of 4 or 5 terrible rns's

Possibly one positive with a bit or a miracle

But Mahmud is a good guy.... A philanthropist apparently....

People now realising that his philanthropy doesn't go beyond filling his own bank accounts....

Yes James, he knew the arrogant board were on a one way road to ruin....

They think they can just spout a load words like abercadabra and shishhhhkebabbbbb and the revenue would start rolling in...

Mahmud should be facing criminal charges for the negligence and out right spending of money with no regard for company security/future....

John Lyttle left....

Tom kershaw left...

Cfo leaving/left....

Mahmud and Carol resigned from all company house listings...

Umar taken no directorship or even employment...

Capital markets day cancelled...

Delayed results....

Delayed agm....

Company refusing to engage with shareholders...

Money running out...

No strategy update....

No plan...

It's hardly the signs of a business doing well is it!!

As I have said, ai would not be surprised to learn an administrator is already on board advising the clown show

Mike can stop any low ball offer via a vote.... He doesn't need to take any action right now.

Maybe he is just letting the shareholders that voted for the utter scum see them for what they are....

It's laughable that shareholders thought the Kamanis were in this for everyone....

Remember Dans big "shareholder mandate" speech back in November last year???

The blokes an absolute joke, clown of the highest order and anyone suckered in by his pathetic cv deserves to get battered here... He had and has no ceo credentials. He's a car boot traders lacky and that's that.

Frasers must be laughing their socks off.

Im just not sure they can get away with a pre pack....

I think it has to be a full administration with bidders buying the assets....

Surely the revb situation alone is calling for an fca investigation?

Boohoo used an rcf to buy shares in another company, that they then forced control of, then cancelled loads of products and killed the revenue of that company and destroyed the value in the process

The directors of both companies have broken their basic duties they signed up too...

Unless of course they apply fpr temporary suspension themselves die to accounts not be complete.

Frasers saw one opportunity with the time frame that was available at that time.

Since that time the situation has changed dramatically, i.e most of the money has gone and the company is seeking emergency funding.

Frasers will have no interest in taking over the running of company in its current format when it is so close to going bang - they may as well let the current board finish the job off then bid for the assets.

Shareholders just don't seem to want to believe how bad things will be in the background..

Can you believe a Dan came in as new ceo then sat and watched as the chairmans son made changes to what amounts to nearly half of the business?

A non director, A non employee came in and made major changes to the business and in the process charged and undisclosed figure for the "service"...

Have you ever heard of anything so ridiculous??

Look at the online growth at NEXT!!

Absolutely smashing it....

These monkeys running this show couldn't smash a clay pot if you gave them a hammer!

Imagine this bunch of clowns running a ftse 250 let alone a proper listing on the main market...

Northern, i don't believe pre pack is possible here, I have said this already... Frasers have the law on their side to avoid this imo.