Member Info for sterowlands

Are there any issues holding this back if there were to be one?

I’m down big time on these, but I don’t need the money at the moment so happy to wait it out as long term it’s a no brainier. But I was wondering, during these difficult times have boohoo attempted to cut costs at all?

I trust google

Bob, that’s your opinion

11% down

I think Bob’s handicap goes far beyond golf.

https://www.google.com/finance/quote/CBX:LON?hl=en

Google do show live prices. And they were 22% down. But it doesn’t matter now as they seems to have come back so happy for holders. You take things to personally mate and becoming the court jester of this forum. Take a break. Come back in a month or two with a bit of dignity. You’ve bigged this share up non stop and no doubt have convinced others to invest, which in turn have lost money. Just relax. Breathe.

They’re actually up 2% now, but with the delay on here you’ll see I was correct about the 22%

Oh dear

Would have flown out. They really could have made this work. They’re too stubborn on the name and the price. They would have been far better coming up with a better name and product design and focuses on getting into the above retailers rather than trying to pitch themselves against very expensive brands. Sold my biggest chunk for a small profit at 8p then had another go at about 5p and sold at 2.75p. Marginally up.

There’s some awful posts recently almost gloating at peoples losses. I don’t hold any of these anymore but I pay attention to this board as I like to measured discussions on both sides, and have learnt from it and applied it elsewhere. I’ve said it a million times I thought cbx was a great idea, but an idea is nothing without great execution. Part of me thinks the recent promotions are there just to appease us whilst they work on a bigger plan. We all know they’re too expensive. Indeed there are luxury brands that charge more (and they’ll suffer with the coming recession) but they have great product design and classy marketing. It’s done with panache. Cbx looks like it’s been designed by a gcse student. I think they’re too accademic about their marketing to. Like they’ve been listening to a lot of new age charlatans purporting to know the best ways to increase sales online. Bring the prices down a lot. Come up with a new name. Promote the UPS property so people know exactly what you do. And get it out there in the likes of debinmabs and boots. Imho anyway GLA

I know people that are going to four festivals this year. Most people I know are going on holiday abroad. They all need new clobber, and with designer makes now becoming unaffordable to a lot of people, Boohoo will flourish. I e also noticed people having less work done on their house as the quotes they’re getting are just to much due to materials. It should be the party season for fast fashion, but I don’t think the building and housing sector is looking great. Imho anyway. GLA.

And will we get a breakdown of wages and the cash burn?

Will they need to consolidate the shares to make the price more appealing for a raise? 30p then offer a rights issue at 25p? I can’t see how they can do it at this price.

I think we’ll see more of team at cbx leave in the coming months. They know more than anyone that sales have been close to zero, apart from us shareholders buying. And they’ll know the pot will be running dry. Unless they can secure more money. But on that note, given their past relationship with shareholders I’m not sure who will take them up on it. Someone summed it up perfectly yesterday:

How can CBX justify their large salaries?

And lastly, it’s worth noting that every public company that has ever gone bust has always had CEOs and other top employees with ‘excellent credentials’. Every one. I’ve said it before and I’ll say it again, they’ve got half a vision (a good one) but terrible execution.

Wish you all well. Maybe something is in the pipeline and you’ll all get super rich off this share. I hope so and I’d like nothing more than my pessimism to be proved wrong.

And boohoo is one of the only affordable fashion brands in the current climate. Look at how much mid range brands have raised their prices. Should be back to 150 soon I would have thought

The average consumer:

‘I don’t know who cellular goods are.
I don’t know what they do.
Convince me why I should pay £100 for a face serum. ‘

It’s that simple folks.

Totally agree, they are way to expensive. But it’s a great idea and could work. Pure cbd. Just the good stuff. No contamination. The pricing I find extremely arrogant. They’re pricing themselves out of the market. You could maybe demand such high prices if your marketing and product design had any panache but at present it looks like an a level design project. The idea is there. They just need vision and execution. But I suppose that’s the hardest part and why most businesses fail.

Did he get a severance package when he left?? I have a suspicion they’re all looking for new jobs now. Sales won’t be hitting £1000 a week.

Hope I’m wrong, good luck all

The problem is when you got a lot of egos on big salaries, everyone thinks their opinion is more valid than the other. And way too much emphasis is place on ‘track records’. They would have been better employing a few young creatives on a lower salary, to come up with innovative ways of bringing the vision of cbx to life. Instead of a few overinflated egos.

My guess is cbx employees can see the pot running dry and they’re getting out while they can.

Hope I’m wrong and this is a good move. GLA.