Member Info for TrueScotsman

"The shameless acts of this self indulgent board of morons is beyond belief" - Not really beyond belief, sadly history is littered with countless examples of similarly self-indulgent boards over the centuries.

Wow, up to 21p now though! - will we see a surge to 21.5p by September??

Six week ago I predicted 15p by end of May. Clearly gonna be sooner.

Just like some people were saying the shorters were completely mad at 300p, 200p, 100p & 50p.

As for the plan to get out of the mess... D4E written all over it.

Why would anyone want to buy Boo?

13p by August, 7p by December, 0p by May 2026

Ok so doing the maths:

Loss for the year to May 2024 was £138m, which reduced net assets from £400m to £280m, so a reduction of 35%. The SP in the same period dropped by 32%, so assets & SP fell pretty much in tandem. With same £138m loss in the year to May 2025, net assets will reduce to £142m, and I'd expect the SP to get to around 18p by then. Same £138m loss again in the year to May 2026 will see net assets fall to £4m, and I'd expect the SP to be around 3p-4p.

Frasers have gone quiet as they were told in no uncertain terms they weren't wanted by the institutionals in the December & January votes. They got the message they're not wanted, and they're certainly not going to be considering an offer at the current SP, the shares are massively overvalued.

I just don't see why anyone would buy at 25p

I'm 90% certain this pile of trash is going to zero;

The only reason for the 10% of doubt is why have all the institutionals voted with the board at the December & January SGMs? Do they know something we don't?

I have it on good authority they rebutted an approach 3 years ago with the SP at 115p. Emailed in a question for the December GM asking if they now regretted that decision, but just got a wishy-washy reply.

I'm going. But not expecting to get any insights. Meetings like this are usually over in 5 minutes: Open meeting, go through formalities, close meeting.

The fact the boohooplc.com website still hasn't been updated with the result just says it all about the competence of this shower. Still showing the message "The board recommends that shareholders vote against all resolutions at the general meeting on 20 December 2024" almost 12 hours after the meeting finished.

"strategic and financial options with the objective of materially strengthening the Company’s balance sheet" - Don't be surprised if that's code for D4E

Not reading anything into this, but 8 out of the 11 days since the results have seen a sudden price rise late afternoon co-inciding with a 6 or 7-figure volume spike : sort of thing big players do when they want to either buy big or close big shorts in bite-size chunks without paying more than they want to.

Don't bet against someone coming sniffing around with a bid at this price

“The Hurricane board's disdain towards its shareholders” – yep: such as the illegal share price manipulations of 4th June & 10th September

Board obv aren’t going to reveal if there’s been a significant drop in our* sales, and rightly so as that’s commercially-sensitive information; But for some anecdotal evidence, wonder if anyone posting here owns a convenience store which takes in our* parcels to gauge if there’s a noticeable fall-off over the next few days/weeks? (* I’ve never quite understood why co-owners of companies on posting boards & at AGMs tend to refer to their companies as “they/their” rather than “us/our”)

Could they have developed a vaccine for coronavirus?

I’ve had my fair share of losses through buying into falling knives on the basis of the oft-quoted phrase “this fall has been well overdone imho”. Older & wiser now.
When a company’s SP falls from 146p to 57p to 24p to 11p to 5p over 14 months, it doesn’t need anyone too clever to realise the people dumping are those in the know, the institutions, the hedge funds and of course the shorters. And the further it falls, the less the big boys are left holding and the only people left holding are the PIs who keep hoping they’re right and all the big boys are wrong. I check into these forums occasionally and well remember the optimists who said the September fall to 60p was “well overdone” with plenty of the proverbial “I’ve just topped up – steal at this price!”. Just giving the benefit of my own experience to all to hope mistakes can be avoided : Never in the history of investing have the RIs been proved right and the big boys proved wrong.

Just totally out of curiosity: What happens to people with open short positions?

Hold my hand up as being one of the many who should have known better (sold out at 12.30 Friday) - but self-proclaimed stupidness is mild in comparison to those who BOUGHT after 12.30 Friday and held till today