Member Info for southcoastbather

Current assets were 90 million at last count with 40 millon that in stock.

Reardon - are you suggesting that the company is performing a pre pack administration while also telling the market that they are in positive talks with creditors and below from today's rns, that would be market abuse on a scale that could not be ignored by regulators.

Should there be an administration the company would be put up for sale to all bidders and there would be no guarantee of boohoo buying the business, what would be guaranteed is boohoo logging a 30 million loss immediately via rns.

"As announced previously, the Company continues to have constructive engagement with a number of other interested parties. Current discussions may be altered or terminated at any time and, accordingly, there can be no certainty that an offer will be made for the Company, nor as to the terms on which any offer may be made.

In parallel, the Company is also continuing its positive engagement with its shareholders, including in respect of an equity raise."

"As announced previously, the Company continues to have constructive engagement with a number of other interested parties. Current discussions may be altered or terminated at any time and, accordingly, there can be no certainty that an offer will be made for the Company, nor as to the terms on which any offer may be made.

In parallel, the Company is also continuing its positive engagement with its shareholders, including in respect of an equity raise."

Add that to the other 1000 crapppppy days parsnip!!....

Mm's playing games for 1000 days straight and the fca don't clock it😂😂😅

Are we all in agreement the results are delayed now?

Or is there still one person in "de nile"....

They're really keeping this whopping loss close to their chest....

A cool 12 percent?

We have a company here that the incompetent self enriching board/family have wiped off over 4 billion in mcap, and spent 480 million of cash, then loaded another 100 plus million into net debt and you are celebrating 12 percent...

New lows have been hit with almost every set of results in the last 4 years and I don't see the full year for this year being different tbh.

Dont shoot the messenger!

Just posting the news...

Seems even the die hard Kamani fans are feeling the pressure of the delay in results and the agm.

No, they are not in essence copying boohoo in any way shape or form.

And no, a 3 year revenue decline pattern will not have reversed in 3 or 4 months.... Especially one that had accelerated to over 20 percent in the last update.

Ld - I dont think even this lot are stupid enough to do that.... one of the the Agm's purpose is for year end results to be discussed....

Frasers would go bonkers and no doubt there would be a recommendation for shareholders to boot off the current board

Https://www.proactiveinvestors.co.uk/companies/news/1073057/asos-buy-case-is-growing-despite-rise-of-shein-vinted-and-temu-says-broker-1073057.html?rel=scroll

Asos finding success by concentrating on own brand sales and being selective with partnership deals...

Meanwhile boohoo is almost trying to forget about youth brands with falling revenue of over 20 percent, labels falling at over 35 percent... But lets just shout debenahams is back and hope the market doesn't see the youth brand and label decline....

Im sure we will get the full year results when the windows are dressed with a load of fake trashy flowers....

All of the below has been stated by Dan the clown Finley via official rns -

Would you not class this as lying to the market? (lying to the market is market abuse and illegal)

Where is the update on the business review?? Why has the ceo not updated us? Is it delayed? Late? Or cancelled?

Where is the capital markets day? Delayed? Late? Or cancelled?

Where is the shareholder value? Delayed? Late? Or canceled? (we need a 90 percent rise just to get back to where the new puppet started)

"Last month we announced a business review to unlock and maximise shareholder value. I am leading this review and will update shareholders in due course"

"Today we are also announcing that we will host a capital markets day, which will take place in Q1 2025."

"Unlocking shareholder value

Further to the announcement on 18 October 2024, there is an ongoing review of various options to unlock and maximise value for all shareholders. The Board believes that the Group remains fundamentally undervalued following the developments of recent years, which have created a business with five core brands underpinned by best-in-class infrastructure, addressing a diverse global customer base:"

Just how bog is the loss from last year???

Imagine that bunch of clowns sat there knowing the monumental loss figure for last year....meanwhile watching the wall full of screens in their office showing that the daily revenue numbers still declining....

Tick tock to the agm and re-election vote...

13p on results??

Rag - you normally had your ear to the ground in this field....

Any rumours on what these scum bags are up too??

The problem with this company is they say a lot of random stuff to investors -

******** WEEKEND QUIZ **********

Which board member told an investor this share price would be 200p this year (yes 200 not 20)

"Expect lots of padding about pre-adjusted median-return on-balance rate of change GMVQWERTYUIOP rising by 0.01%."

Just wet myself laughing. 😂

Bf says.....

"The most likely reason for the results being later than usual"

The meaning of delay

"Yes, something that occurs later than its expected or usual time is considered a delay"

Its later than usual so its delayed....

Imagine knowing or living with this fool.

Change of management is irrelevant, the current cfo has been there for previous results and is allegedly still there to sign these results off.

Why not put out a notice of results as has been done in the past?

The company also promised better transparency to the idiots that voted for them.

No that is a deadline before being SUSPENDED with immediate effect.

These results are delayed - worryingly the company has responded to many investors quoting "Early june" but we are now at mid june.

The company has never reported full year results this late, and never once as late as June. There is categorically a problem releasing these results.

Full year results release dates....

2017 26th April

2018 25th April

2019 24th April

2020 22nd April

2021 5th May

2022 4th May

2023 16th May

2024 8th May

Dear oh dear....

Audit problems.... (problem with the record loss)

Inexperienced officers.... (Useless ceo and useless cfo)

The Kamani klown show continues.....

Something isn't right.....

"Why an Earnings Release May Be Delayed

Occasionally, companies will postpone an earnings release for some unforeseen reason. However, most often, the delay will be a result of the company not completing the report on time due to audits taking longer than expected, inexperienced officers completing their first report and the firm losing some or all of its financial data due to a technical error, fire or theft. Although a company may file a report later than expected, this will sometimes have an impact on its stock price."

Anyone here that has had communications from the company will probably confirm it was via Emma.

As with most people now at this company she is in a job above her dept....

Fools getting paid to sink a ship.