Member Info for southcoastbather

10 months ago I asked Mahmud directly why other companies like next, intidex etc etc were are trading well in the same conditions that Boohoo were struggling in....

His answer?

"We're working on our dreams"

Clueless bunch of rag traders that have made more money by fleecing shareholders than building a company.... Think about it....

How they got away with this is beyond me!!

Then 12 months later they tried the same thing - thankfully big Mike stepped in and put a stop to it.

Unfortunately they are now sending money to Dubai to make up for missed undeserved bonuses....

The remuneration committee needs investigating over this calamity.

"According to Boohoo’s own remuneration policy, the three executives are not eligible for a bonus because of the financial performance of the group.

Boohoo disregards pay policy to award £1m bonuses

However, in the report, Boohoo’s remuneration committee said it “feels that the formulaic outcome is not an accurate reflection of the excellent work carried out during the year to set the business up for future success, nor will it ensure that the management team is motivated and retained throughout the next financial year which will be pivotal for the group’s long-term success”.

As a result, the committee agreed to pay annual bonuses of 49.1 per cent of the maximum to Lyttle and 67.1 per cent of maximum to Kamani and Kane."

Bf has been well and truly proved wrong yet again and decides to agree to disagree.

Literally the biggest sucker on lse.

Everyone but you can see whats happening here, and why.

12p on results.

Googled "is boohoo in financial trouble"

Yes, Boohoo appears to be in significant financial trouble, facing losses, declining revenue, and increasing debt. The company's half-year results show a substantial increase in pre-tax losses, while revenue has also declined. Furthermore, Boohoo is exploring various options, including potential restructuring and a sale of its London office building, to address its financial challenges

Bf - sometimes a simple google is your best friend....

No, trading volume on its own does not directly drive a share price, but it does provide valuable insights into the strength and direction of a price move. While volume doesn't cause price changes, it can confirm or deny price signals, indicating whether a price move is supported by genuine market participatio

Anyone seen Umar???

No Wonder the company went quiet and refused to notify shareholders of Umars pay packet....

Imagine knowing hes on over 2 million a year then watching the sp falling from 39p to 19p....

Also add to hexams comment that a low free float share is even more susceptible to bigger movements.

This is a low free float dog that nobody wants, its just those left to gamble on a coin flip.

there has got to be an investigation here

the amount of abuse that has taken place in unbelievable, arms length my ****.

Is nobody else of the opinion that current trading is so shocking that cash burn will have increased and require emergency funding to plug the hole??

Its not going to be long until Dan has overseen a similar drop in sp percent as John Lyttle...

It will be an 80 percent drop in his tenure when results are finally released....

4 cfo's in 4 years....

4 ceo's in 7 years....

The business keeps shrinking and losses growing....

The only thing thats consistent??? KAMANI!!

12p and an emergency placing on results?

Combined with shocking current trading from the group and especially plt?

End result being the greedy Kamani Klan dilute us private holders?

Plt as a brand is dead and buried - end of story.

Reardon who told you the results presentation was the capital markets day? Or did you come to the conclusion yourself?

I know a lot of people who have sold up, large private holders.

Unless its just the pesky mm's hey....

Anything but blame the real culprit.... KaMaNi KlaN...

Why is he leaving if he believed there were recovery shoots???............. because its still going the wrong way no doubt, and he might just possibly be one of the few board member with a tiny conscience.

"I am Stephen Morana the Group CFO, joined the business at the start of this financial year.

I have seen the correspondence and appreciate your position and the lack of communications.

We have obviously this evening put out a number of documents, and now come out of a close period so better able to properly discuss issues with shareholders

Half year results

General meeting circular

Announcement re a c.£40m share placing/raise.

I am happy to schedule a call with you or answer any questions via email. Whilst I fully acknowledge the business has had a torrid few years, I do believe there are recovery shoots and the £40m raise shows that some shareholders are supportive of the new CEO and his plans going forward.

Stephen"

" (no holidays lately?) "

Yes thanks for asking, had a little trip back in February to antigua as it goes.... Off back out that way in a little over 2 weeks time as well.

Bf - what has happened to all the targets this company has had in the last 3 years?? Not one of them has been met and neither with the 20 percent margin on debs.

Dan looks a clown, raving about value then the sp halves within months of his appointment.

I still keep wondering why the cfo is leaving, and on such short notice??? Certainly isn't because things are going well is it.

"Quite simple Crawshaw. Because there are more than four uninvested oxygen thieves who wish to totally control the narrative here"

Still hasn't realised it's company results controlling the narrative here.

Its just an absolute shambles.

Net cash of 480 million with 2 billion revenue, to net debt of 82 million and revenue of 1.2 billion (and still contracting). All in 3 - 4 years.

What asset do you think they are likely to sell? (if they do decide to sell assets I think it will be a shock to some at just how low the value is on some of the brands or labels)

I think they will choose to dilute shareholders and put cash in to take a big chunk of the very business that they destroyed.

The results are next

We have a taster of whats to come, but I think losses and actual cash burn are going to be higher than expected.

I wouldn't be surprised if there's less than 40 million "cash" left in the business which will result in a placing giving current holders a massive hair cut.

I also expect there will be further write down in the full year results.

This company has been ran into the ground by one shameless lunatic....

And they also sold for less than half their annual gross transaction value.

Debs gmv was 650 million I believe.

How is debs worth 500 million? Simple answer - it's not.

Meanwhile youth brands are still falling at over 20 percent annually and the sp is near record all time lows...

Old Dan has a lot to answer for.

Dan telling the market debenahams is worth 500 million.... Fair description below.

Characteristics of a Snake Oil Salesman:

Deceptive Marketing: They use high-pressure sales tactics, misleading claims, and emotionally charged language to persuade customers.

Lack of Evidence: They often fail to provide verifiable evidence or scientific support for their claims.

Profit Motive: Their primary goal is to make money, often at the expense of the unsuspecting buyer.