Member Info for southcoastbather

*there

Would seem like a bad business decision to take a loan at 15 percent interest if their was an offer of say 9 percent.....

All of this sits on Dans shoulders now as well.... Certainly his name anyway....

People keep posting asking why frasers have gone quiet....

They haven't...

They have a strategy... (Unlike boohoo clowns)

It's going to get sticky from here on, in a very short time span...

The chairman has a lot of duties and a lot to consider here for his own sake.... He will not be able to ignore a 40 to 45 percent vote to oust kamani at the agm...

Kamani may even step down....

I'd also guess the frasers loan comes with an executive board seat....or 2....

Kamanis are all played out.

"Boohoo has said it is pleased with the progress it is making in its turnaround"

"There were further signs of the struggle facing Boohoo in recent days in data from MediaVision, a market research firm. It showed the company’s share of online search demand had plummeted by 35pc in a year, the worst performance of any major online fashion retailer."

" The approach comes as Boohoo, which is in the process of adopting Debenhams as its corporate brand, holds challenging talks to refinance £175m in outstanding debt against a backdrop of tumbling sales. It reported a 16pc fall in revenues in the year to February."

" Last week, The Telegraph revealed that customers are waiting up to four weeks for refunds, which Clive Black, an analyst at Shore Capital, said was “a sign of weakness”."

Great to know that boohoo are happy with the sickening state of numbers and affairs here.... As I've said they're clowns through and through... And anyone defending them is a clown.

They could not have played this any worse..... Big mike is running things from here on with even being on the board....

VOTE KAMANI OFF AT THE AGM!!!

"Its accounts for River Island Clothing Co for the 52 weeks ending 30 December, 2023 show the firm earned a £33.2m pre-tax loss."

Thats numbers we could only dream of.... Likely 250 million plus loss here for last year... Maybe higher.

Right so if boohoo own 30 percent and and the 2 founders combined own 30 percent.

But the 2 founders are unable to vote with their 30 percent (I think they are as they voted in the 2023 agm)

If the remaining 40 percent of shares voted in favour to sell to frasers, that would be over over 50 percent of votes cast in favour.

So whats your point? You just want to argue even when you are wrong.

I dont even believe frasers will buy revb, what I'm saying is that frasers are going to stop the Kamanis nicking either company cheap.... You need to put the kamani flag down and wake up. Stop arguing for arguings sake.

I can't wait until thd agm votes.... Your boys are going to take a kicking!!

😂😂 Frasers are all over these clowns like a fkin rash!!

Something tels me mike is going to mess up the kamanis plans of nicking these companies for peanuts....

This is a very interesting situation.... If Boohoo try to buy revb they will plss shareholders off.... If they sell cheap and register a loss they will plss shareholders off....

If they renegotiate debt dates and manage to turn the business (revb) profitable they will restore some dignity.... I think this is quite likely.

All this combined with an atrocious set of year end results and the agm, plus shareholders have the vote to re-elect the board or NOT....

The Kamanis could not have got this more wrong if they tried....

Im predicting at least a 40 percent vote to not re-elect Mahmud and similar for Carol and the chairman... And rightly so!!

Circus clown show.

"the purpose of the business review is to unlock shareholder value, not necessarily to return it"

The most idiot post about a listed company I have ever seen, including the whack jobs on advfn.

Owning 500k shares in this company would drive anyone doolally though so it's understandable, especially riding it down from over 400p listening to Mahmud tell you everything is ok.

Value of nastygal right now with 20 million revenue and over 12 million losses?

I think you would be talking of a good will gesture of 5 - 7 million.

The one thing they can't allow to happen is for revolution beauty to go into administration!

Imagine the press around that, another 30 million set fire to on MAHMUDS watch....!!

If it goes into administration its a massive failure for Mahmud.

If boohoo decide to try and buy it they will be doing thr exact opposite of what they stated they would do last year (i.e brand disposals to return shareholder value)

There has been a good amount on interest in the sale of revb if the chairman is to be listened to...

"The business announced a Formal Sale Process on 21st May 2025 and this process is on-going with a high degree of engagement and interest. Since my arrival, I have been impressed by the underlying strength of the brand, the degree of knowledge and talent in the business and the willingness of the senior leadership team to address challenges head on and execute the strategy at pace"

That was also on the back of surprise record results fed... At a time when the market thought the world was ending.

"Are they really going to try and remove the board again they’ve already lost once!"

Yes I would think so reardon.

Unless shareholders are convinced there has been a material change for the better since they voted to keep the current board?

How many things have they back tracked on?

*Things that haven't happened -

Brand sales

Corporate structure

Capital markets day

Return shareholder value

Better shareholder communications

*Things that have happened -

Mcap down 40 percent

Umar paid ridiculous sums

40 million write down on stock

Continued revenue decline

Ceo and cfo taken share awards

Cfo chucked his ticket in

Company ignoring shareholders again

Parties in Paris

Rumours of high interest rate loans

Lost another 15 million on revb.

YOU WOULD HAVE TO BE NUTZ TO RE-ELECT THE CURRENT BOARD!!

They know this and thats why they are delaying results and the agm...

Its obvious to me what Mike is waiting for....

AGM!!

Frazers are going to vote to remove Mahmud, Carol and Tim Morris from the board!!

Frasers carry a near 30 percent vote if every single shareholder votes... But not every single shareholder will vote.. so their vote will more than likely carry a 45 percent vote against (if they are the only ones to vote against re-election)

How many other peeved shareholders that feel ripped off will now vote against re-election of the current clown show?

We could easily see over 50 percent votes against re-election if some private holders vote against...

The AGM votes will be an absolute disastrous outing for the current board.

"Revolution Beauty's fully £32m revolving credit facility ("RCF") runs to October 2025. The Company's banking partners remain supportive of the Company, and it has been in active and constructive dialogue with its banking partners regarding amending and extending the current RCF to provide adequate flexibility for the Company going forward."

Maybe the banks will like what they are seeing.... Fcf outflow remained stable under 3 million even with the drop in revenues....also adjusted ebitda of 6 million even with stock provisions of 9 million.

When you consider the revenue decline was somewhat expected due to management actions... Actions that were part of the plan to rebuild profitability at revb.

Apart from the looming date on the rcf revb has been better right sized than boohoo group thats for sure.

Maybe they will both go bang one after the other😉

So are you suggesting that the 2 co founders would sell their shares cheap on the basis they are "pally pally" with the board of Boohoo?

On that basis Mahmud would sell some of his shares in boohoo to minto at less than market value?...

If they are all in line with one another why did minto vote against a re election of a board member at revb while boohoo voted in favour...

Rns 21 May

"The Company announced on 13 May 2025 that it was reviewing its funding structure and in light of this is exploring discussions in respect of support for an equity raise from its key shareholders.

The board of the Company (the "Board") can now additionally confirm that it has received a preliminary approach regarding a possible offer for the entire issued and to be issued share capital of the Company.

Against this background and to widen its strategic options, the Board has now unanimously concluded that it would also be appropriate to investigate the sale of the Company and therefore has decided to commence a "Formal Sale Process" for the Company (as referred to in Note 2 on Rule 2.6 of the Takeover Code) (the "Formal Sale Process")."

Both co founders combined own more than Boohoo and could quite easily revolt any vote as they have done at previous AGM meetings.... note the mention of an equity raise...... the co founders could play a blinder here should they choose to offer some money up....

How do the 2 co founders remain as minority holders?

They have to sell with every other shareholder if there is a takeover - no single shareholder is allowed to benefit more than the next with regards to a takeover.

Fyi I'm not sure that the co founders are buddies with Mahmud.

You might want to cjeck the cash balance and add it into your equation.

Bf - how do you come to the 50 million quid figure?

"The business announced a Formal Sale Process on 21st May 2025 and this process is on-going with a high degree of engagement and interest."

Highly likely that boohoo are not in a position to make an offer - being as cash strapped as they are i suspect they have been advised not to bid... Imagine they buy out revb amd then go bang themselves months later... It would be a little blatantly obvious they hadn't acted in the best interests of boohoo shareholders i.e Mikey boy wouldn't let it go...

Their easiest exit from revb is to sell for best price possible by selling the whole company...

Who knows....