Member Info for Tigertouch

*fast fashion

Aren't the tariffs based on the items origin. So won't most clothes from these day fashion companies come from China, India, Pakistan etc? All of which have high tariffs, coupled with the loss of the de minimus I can't see how this is beneficial for any UK fast fashion business. Interested to hear everyone's thoughts

So realistically what else do we think they have to sell?

If they keep selling things at a loss presumably that means the balance sheet will look worse(unless the assets were already written down on the balance sheet, in which case balance sheet will look better). Interested to know what others think will be next in the firing line to be sold and what value of things there are to sell. Trying to work out if all these sales are good or bad in the medium term

So when can we make our votes for ejecting the Kamanis? Hoping the Kamanis will get spooked and buy up more shares close to the vote so the share price goes up a bit... Then again it'll probably just drop again like it did after the last vote

Out of interest who actually counts the votes and how is it verified?

Not saying u toward has happened, just would expect there to be an independent person/group checking the results before publication, but if the votes go to the BoD and they can see how the votes come in then who actually checks and verifies?

I wonder if this vote is an indication of which way the vote to get Kamani out will go?

Yeah I'm confused why shein don't just skip all the red tape of IPOing when they could just buy a business thats on AIM like boohoo or asos and save themselves months of messing about and scrutiny

Wonder if he's just increased his salary by 100k or something? Realistically it's just shareholders money he's using to buy the shares with isn't it? Shareholders don't get to vote on his salary, so I'm guessing it's just a protectionist move from him to continue to keep himself in post?

Is it the committee that approved the ridiculous bonuses that also decide on director salaries?

Oops fat fingers,

just shows how they are willing to waste shareholder funds to look after themselves!

Marybyr - Agreed seems strange and a little worrying if brokers are happily giving boohoo PIs details away.. What about GDPR?

Also it just shows the current BoD are willing to waste money on sending out thousands of letters to people to try keep themselves in a job. Jus

@FED1 this CEO you used to work for is it normal for CEOs to spend so much time working for other businesses, find it odd and very unfair that CEOs get paid so much more (127x average wage according to Google) for them to only spend a fraction of their time actually working for the business theyre getting most of their money from

Carols 80 grand was imo a strategic move from her to protect her future wage and massive bonus. Think 80 grand now to ensure a continued wage for doing nothing and if shes lucky a hefty bonus too.

Would you be happy to pay 1k at your place of work for some shares to ensure you get a 10k bonus and a decent wage? You'd be mad not to!

I think all the Kamani clan need to go, get shot of all of them and you'd probably save hundreds of thousands straight away. Get some actually competent directors in who are hungry to make the company grow rather than know that daddy and his corporate credit card will sort everything out and you'll get paid a nice wage and hefty bonus for doing a bit of pr here and there

I will definitely be voting to get rid of Kamani, the way he's treated all shareholders and there's people on here who want him to continue shafting them.

That's like getting your car robbed by a burglar who then flashes it in your face on social media, and enjoying riding around your local town in it showing off, whilst you work extra hours to afford a new one, and then voting for them to be your local police commissioner!

Well the valuation here is stupid because of stupid management. Can't believe these institutions are happy to stand by and watch the current BoD/puppets of Kamani destroy the value of the company.. or maybe I can because it's not their money so what do they care

Someone mentioned further down you need to get in touch with Barclays and give them 7 working days notice of how you want them to vote for you. So you will need to try get in touch with them today, possibly tomorrow at the latest!

If you let people know which platform you hold your shares on someone will be able to give you more specific help I think

Hi all, am I right in thinking this has so much potential but has been completely wasted by the current directors?

Or is the technology just simply not that feasible and more of a big hope as opposed to solid business case this tech works and is profitable?

From my research it makes sense and can't think why it wouldn't work?

Also is th real value in this business the IP only?

I appreciate your response, my opinion is we are on the 3rd CFO in what 2 years? Now technically have a new chairman (which will just increase wage cost base as they've created a new role when they should be cutting positions), and have a new CEO. So I'd argue if they all walked we'd lose Carol (who again imo doesn't do anything anyway), lose Kamani, who has destroyed shareholder value and hasn't done anything positive anyway, just by the looks of it spending a lot of time everywhere except the head office, no doubt all these trips away paid for by us shareholders, lose CFO who's not been there long anyway, so no major loss of knowledge.

Maybe the more palatable resolution for everyone would probably have been to purge Kamani and Kane from the company (founders have no place running a PLC in my opinion, as they will still view it as their business their money they can do what they want with) and put Mike in as a Director of some kind but not necessarily CEO.

I'm sure my vote won't make much difference due to my small shareholding, but I appreciate Mike Ashley saving us from the ridiculous bonus scheme which must have been approved by the remuneration committee(or whatever it's called) which begs the question how independent are they?

I'm confused why so many people are against having big Mike Ashley on the board. If you vote him on the board he will have a seat in the boardroom, he can't magically start taking over everything. Unlike Mahmood who it is obvious controls everyone on their board like his little puppets. I'm amazed that people are against MA despite him saving the business £3m in cash by stopping the current board from taking the absolute p**s. We have MA to thank us for that, the current board would have happily taken all that cash and that is directly resulting in you losing value in your shareholding, no one should be rewarded so handsomely for repeated failure and lack of regard for the shareholders.

Also what does Carol actually do apart from drain cash from the business (through wages, bonuses and probably expenses) and turn up to a webinar every now and again?

I've voted in favour as so far despite not being on the board he has saved us shareholders £3m in cash! Imagine how much he can save if he can actually be involved in decision making

Hi as anyone got any good resources of videos or learning materials so I can better understand how this stock works? Obviously it's different to your 'normal' stocks, so I'm interested to know if anyone has seen it being covered by anyone?