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I quote from Ian King Live' market report:
"Asos down 4%, that's on some talk in the market of issues with credit insurance, an interesting developing situation there".
Make of that what you will.

Sky business news reports that Asos plc are having problems with their credit insurance.
Contagion on Boohoo's share price this morning?

From today's RNS:
"Proposed director shareholding. Pursuant to the announcement made by the Company on 30 November 2022, Mr John McMullan is being appointed to the Board of Totally as Medical Director with effect from 1 January 2023. Mr John McMullan has been issued with 1,299,159 new Ordinary Shares as part of the further consideration payable for Pioneer Healthcare. From Admission, Mr John McMullan will hold, in aggregate, 2,917,929 Ordinary Shares in the Company which will represent approximately 1.53% of the enlarged issued share capital of the Company."

Have they effectively gifted 1.53% of Totally's share capital to this new director? I don't think he's bought any, so it looks that way to me. Perhaps someone with more understanding of these things will comment, but otherwise that's astonishingly generous.

Also agree with previous comment that the new contract is more or less a replacement of the old one.

If they've made a mistake by overextending their warehousing needs, of course they should 'reevaluate' or 'adapt' and, if sensible, exit the contract as they have done. Point is, it was a mistake... although maybe one that is understandable given how rapidly the economic skies have darkened in the last year. I hope the new FD is a bit of a scrooge - bah humbug - 'cos that's what's needed now.
As for overpaying for the brands, mustn't forget that it's not merely what they paid, it's also "all the marketing and start up costs to be absorbed, rebuilding the website etc", as they get them in shape. The brand-by-brand profit (or mostly loss) breakdown attests to this.
Anyway, off to watch the footie.

Ok Trading, but it's hard to spin the early exiting of a warehouse contract as all in the plans.
For me, the the theme that links the 2 threads - Wellingborough and the article giving a breakdown of the brands - is management's profligacy - overspending on acquisitions, warehousing, inventory and what-have-you - when they should be laser focussed on profitability and cash generation. It won't have escaped your attention that Boohoo's profits have fallen off a cliff.... there is a link.

Isn't that fairly standard? Sorry, but I'm yet to be convinced that Boohoo's management are smart capital allocators for these straightened times. Not to mention the over-investment in inventory.

It doesn't look that promising but maybe it is too early to judge.

Maybe Reardon, but did they say it was temporary when they opened it?

The brand-by-brand breakdown is a catalogue of decline. Take Debenhams where they managed to rack up £11.7m of losses on just £56.9m of revenue. Way to go boys!

So, they're closing down a distribution centre which they only opened in April 2021. Oops, management wrong-footed again?

They undertook a successful raise in the summer, so they have money. But they are burning through it.
Who knows? My best guess is they may well need to tap markets again at some point on their journey, but that's not necessarily a bad thing - the placing price pertaining would reflect market sentiment and the progress of the company at that time.
Another catalyst would be getting over the inflation hump and seeing rates drop - that would obviously benefit all jam tomorrow stocks.
Anyway, if you made your initial investment 2 days ago you're not in bad shape compared to most.

Yet the sp continues to drift lower.
67p to sell this afternoon, is that an all-time low?

... to sell. An all-time low and below the recent placing for the sale of Wise Road's shares in AWE.
This ought to be the floor, but what do I know - negativity towards this company is far worse than I'd envisaged.

More promising commercial agreements, but the numbers remain disappointing. Share price reaction suggests the market is focussing on the latter (sigh).

Wow, we've got a right one here.

Phew!

Well, well, well, what have we here?
Up 14% this afternoon?
No RNS... ?

Yes bendi, you've quickly picked up on a behavioural affliction of mine, which is loss aversion - a difficulty in finally admitting I made a mistake... and it can of course lead me to average down on stocks I shouldn't.
However (famous last words) I believe this one's different. Strix is obviously not going bust. It's also gotten cheap by any measure for a company with Strix's dominant market share of safety kettle controls.
You rightly note that it can't be the profit forecast that's spooking the markets and yr suspicious mind (by no means meant to be an insult - it's good to have a suspicious mind when investing) naturally turns to a possible undisclosed 'skeleton in the cupboard'. However, I don't think management are keeping tight-lipped and are dishonestly manipulating or withholding information - or if they are, they're not doing a good job judging by the sp - coming so sooN after the covid protests in China, I think it's simply the market speculating v negatively about Strix's Chinese connections.
Myself, I've taken an active optimistic stance re the outlook for China, which is why i've invested in companies like AWE and investment trusts like JCGI and FCCS. Time will tell of course.

Oh dear. I've always had a nagging worry about Strix's Chinese operations, but ignored my own concerns. They probably overpaid for Billi in this market too. Management got complacent? Subscribers to the recent placing just a month ago can't be feeling too clever...
I've risked at top-up at 81.7p because I have a 3-5 year outlook and don't want to accept I've got this one completely wrong. Nonetheless, time to batten down the hatches, it's going to be a long old haul from here.

And just when all seems lost, a couple of nice little RNSs to cheer me up:
- NED buys 400K shares at 13.25p
- institutional investor First Equity Limited buys a few more, taking their holding to 7%.
B*gger of a share this one, bound to fail or bound to multi-bag??
I really don't know - my money's still on the latter.