Member Info for southcoastbather

Morana leaves with immediate effect at end of jan...

Capital markets day cancelled...

Share price tanks end of march...

Mahmud and Carol resign from all directorships on companies house on 1st April...

Results are delayed by a month...

I've been saying since January that there's a reason Morana chucked his ticket in, and now we know.... The company is running out of cash at an alarming rate and nobody knows what to do...

We now have 2 complete novices as ceo and cfo!

Why are the Kamanis not funding this themselves?? They have pulled nearly 600 million out since IPO afterall?....

The fact that they are reaching out for emergency loans tells me that they won't even take the risk of a placing themselves.

Administrator will be on site within 12 months - probably less than that in reality.

I FKIN TOLD YOU!!!

ABSOLUTELY OBVIOUS THERE WERE PEOPLE IN THE KNOW SELLING!

Another week of the board adding value.... To their own bank accounts....

Amazing that the results are delayed by a month...

And the share prices halved "for no apparent reason" apart from "mm games"....

Coincidentally a placing takes around 6 to 8 weeks to arrange.....

Couldn't be that people in the know got a sniff...

Unless it was dropped for frasers to buy but they haven't got the memo??...

Blame anyone and anything except the company and the Kamanis..... Or you will be verbally abused by the loyal one..... Mr 2 percent....

"They aren't drafted in by anybody, let alone Boo as you implied. Their role is to give impartial advice to their clients. Either you are immensely dense or dishonest"

I haven't implied that boohoo will draft them in, quite the opposite in fact, if you were to stop rage reading every single post you may have a clearer head Jeremy.

What I am suggesting is they will be drafted in by the institutional investors here, the ones that have seen the sp half since voting for Mahmud. And now probably realised they were duped by the current board.

I am suggesting they will recommend to vote against the appointment of certain board members here - much like they did with Carol in the past.

With regards to the revenue, I literally cannot wait for the full year results and current trading statement - they will show revenue is still falling - its right in front of your nose on similarweb, just look at plt visits tanking. Same with nastygal no down under a million visits and falling.

Maybe you will learn when you have no money left here - although I suspect you will still dribble on about debenhams.

They are instructed/drafted in by institutional investors.

"Glass Lewis is instructed by institutional investors who use them as their proxy advisor and voting agent."

Revenue is still falling - that is a fact.

You would have to be seriously thick to think that the revenue decline has reversed a 4 year trend in 2 months.... Youth brands was accelerating in fact.

As soon as the AGM is announced I think Frasers will become very vocal.

Things are certainly worse now than they were 5 months ago - money is running out, revenue is still falling. Meanwhile the sector is doing very well....

Glass Lewis will no doubt be drafted in and I think it will be against re-appointments of the current board.

Dan was appointed back in November.

Mahmud resigned in April.

Thats some overlap for a replacement.

Unless of course you are suggesting that Dan hasn't really been in charge until mahmud stood down in April.

There is a reason they have resigned and all will become clear in the coming months.

You'd have to be fool to think Mahmud isn't still running this disaster.

Is this what Frasers are waiting for ??

What moron would vote to re-elect any of the current board??

I sense fireworks in the coming months!

Is this why both Carol and Mahmud have resigned as directors?! Of course it is as they know a rebellion is coming.

I think Glass Lewis will make an appearance to advise against appointing a few current board members - they have history with Carol.

The remuneration committee all need sacking with immediate effect.

Interesting that both Mahmud and Carol have resigned from all directorships on companies house, all companies to to do with the "debs group" that is.

Why on earth would they do that?

They have have had no new people join the company that would explain their resignations.

Also why are they still listed on the company website as directors?

This is very misleading and something is afoot in the background - this is not normal procedure despite what any snake oil seller says.

Seems like they're trying to create distance.... "arms length" appearance you might say.

These clowns said the worst was over when revenue was 1.7 billion and losses were 90 million...

Fast forward 2 years revenue is 1.2 billion and losses likely approaching 300 million....

They should be ashamed, as should them clowns at glass Lewis who advised all the idiots to vote for Mahmud.

"Research written by Panmure Gordon's Retail Research Analysts, Tony Shiret and Georgia Pettman, was used by Jon Robinson, North West Business Editor for BusinessLive, in his article about ''Worst is over' for Boohoo as investors encouraged to buy up shares'."

"Analysts at investment bank Panmure Gordon have shifted their recommendation on Manchester online retailer boohoo following its results announcement earlier this week that revealed a £91m pre-tax loss.

The update also revealed an 11% reduction in sales, of £1.769bn which it blamed on “COVID-related cost pressures on raw materials and freight, and stock clearance”.

*safer

If administrators were called in here there could be some real trouble for the board of directors and all of their advisors...

Complaints from shareholders would have to be investigated thoroughly...

We all know rules have been broken

We all know the company hasn't been ran in the best interests of all shareholders

You think frasers are just going to sit back and watch?

They would drag up everything the Kamani klan have done to enrich themselves at the detriment of all other shareholders...

Frasers have already warned about Directors here making sire they have adequate insurance...

Mass dilution is the much saftler option here

"As I've said, I'm invested primarily for Debenhams, the same as Frasers are"

I must have missed where frasers have announced this.

What growth? There is no growth.

Revenue has fell for 4 years straight and that trend continues, it actually accelerated at the end of last financial year.

You keep focusing on debenhams all you want but you are invested in the group and the group share price.

Everything to do with the group is contracting, apart from losses - they are growing.

No im not talking about plt Market place.

Im talking about both boohoo and plt becoming market places and selling other brands - this was implemented last July. Under John Lyttle.

Fyi - our labels are dying, revenue is tanking year after year and you know it.

Also....

Nastygal 140 million revenue down 26 million and on to sub 20 thi current year no doubt.

How much revenue will plt pull in this year with the complete hash of a rebrand? Sub 250 is my bet... Of course it will be dressed up as a successful rebrand regardless.

Plt Market place was implemented last july - hows that working out?

You just don't get it - it isn't working here and you are blind to it.

Bon - next are smashing debs hands down...

Debs revenue on our books grew by 10 percent last year, next have just reported over 11 percent growth for q1 this year... Id bet that debs revenue growth for us this year will be under 5 percent or maybe flat.

Next on target for nearly 1.1 billion in PROFIT for this current year while we will be on target for less than that in revenue - quite possibly under a billion revenue if we actually make it to the end of the year.

Thw manc rag traders are lost at sea with a boat full of our money....

Over at next...

Online next uk +4.2%

Online label uk +15.7

Online International +29.6%

Wow wow and more wow!