RE: Ashley7 Oct 2023 01:40
“Such desperation stinks because it means you know Boohoo is a failing business and needs rescuing. Unfortunately there is no rescue. And if there was one, like Ashley or the Kamanis, you can be sure they'd be buying it at a lot less than 30p a share.”
that makes no sense.
If MA or kamani were wanting to buy it at a cheaper price because it is a failing business….then why are they buying now instead? its either a failing business heading for 1p where MA or K will scoop it up or in fact its actually not failing and they are buying now….which they are. cant work both ways can it.
i agree with you on people should stop looking at them like they are the SP saviours though - we just dont know thier plans.
However, simply viewing them as just another PI but with more cash to chuck at it does them both disservice - they have a far better understanding of the industry than anyone on here, and they will know if this is a business that can be turned around or not, and since money speaks louder than words and theyve both increased thier holdings, im gonna say there must be something in it. you dont just throw a couple million quid at a share on a punt, well MA doesnt anyways.
One should be able to see the obvious here - but just in case. A guy with huge wealth and knowledge of an industry buys into a company in his own sector, doesnt make a bid so clearly isnt bothered about the competition, and likely doesnt think it needs his intervention to turn around so doesnt bid either. Why? if you dont want the company thats in direct competition with you, why are you buying into them? Time will tell, but id bet both of them will be laughing all the way to the bank in 1-2 years
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