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I had to rub my eyes and check it wasn't April 1st. Capita, of all companies, chosen by Rockwood Strategic as a turnaround investment.

There may yet be hope...

In an interview put up on QuotedData a few days ago, Nick Train expresses his disappointment in Burberry's performance.

Says "we are thinking hard about when we might want to add to the holding..."

Should there be a TR1 that Lindsell Train have added to their 6.1%, that would put the cat among the pigeons in shorter-land...

https://www.youtube.com/watch?v=vqKHxgzEosU

Outstanding results lead to the share price gapping up.... for all of 2 minutes.

Gotta love AIM.

Thanks for the info. Selling pressure probably caused by shorters then. Shame on them. Shame on my investment!! But I believe that that'll unwind eventually.... results day is 19 July and the way this is going there could be a bounce if said results aren't as bad as currently priced in.

I'm back in. With more money. Management are determined to get this business self-sustaining on a cash basis without the need for any more raises. I believe them. As such, it's an undervalued company in the right place.

The downward descent has resumed. Who's selling?? People must be spooked by the outlook, but are we really about to have a big hit to world wealth or dislocation in global trading patterns, 'cos that's what's being priced in... crazy... unless I'm missing something.

Thought I'd check in here as it's been a while. I see some of the old posters are still around and still hanging in there...

"We can only be optimistic", "big recovery from here", "only a matter of time", "Best buying opportunity bar none". Loving that optimism guys. Steadfast!

P.S. Every quarter, Channon writes an extended commentary on the monthly factsheet of Aurora Investment Trust. Can't recommend them highly enough - they are great reading and Channon's a superb writer on investments.

Interesting news to me, as I hadn't been keeping up with developments at Hornby. In a way I'm not surprised as I think it's fair to say that there's a bit of a mutual admiration society going on between Mike Ashley and Gary Channon, the CIO of Phoenix Asset Management, the majority shareholder in Hornby. Through Phoenix, Channon manages an interesting fund, Aurora Investment Trust, which holds at least a quarter of its assets in Frasers Group. That's how highly Channon rates Ashley! So it's no surprise to me that Channon would invite Ashley into Hornby (I believe Frasers now owns 8% of stock) to create a partnership to hopefully propel Hornby along. As an aside, Aurora have a very interesting fee arrangement whereby 100% of their fees is earned through performance - there is no % on the AUM. If they fail to perform over a minimum hurdle they get paid nothing. Even better, they actually pay for all the trust's running expenses, so if the share price fails to grow by the minimum hurdle it actually costs them money to manage the trust. Now that is alignment my friends! I've been in Aurora for a long time because I really rate Channon. It hasn't performed particularly well to be honest but i believe that's because his 'deep value' style has been out of favour and that may change. Anyway, to bring it back to Boohoo, reading Channon's musings on Ashley and Frasers Group (and investing in general) on the Aurora website is time well spent for Boohoo holders. But it's interesting to note that Channon never follows Ashley in to his various speculative investments (for instance Channon hasn't and wouldn't touch Boohoo), but he firmly believes in the Frasers story as the weight of Aurora money shows. Ashley and Channon, they think alike!

Am I right in thinking that they just raised at 5p a share? Poor investors, their new shares haven't even been admitted to AIM yet........ and, once they are, said investors will have just a few days to make the invidious choice as to whether they should stay as shareholders in a private company or bail out at a price massively below the 5p they paid a month ago.

In terms of disgraceful behaviour of AIM management, I think I've seen it all now.

"Grossly undervalued in all circumstances"...

Sadly, no profit here Watching. I bought the shares at 17p, lol

I did. Sold half my holding at 5p (in my posting history). Kept half in case I was wrong and to have some skin in the game, because I'd still like to be involved in the story.

Or a year

After the fun, it's good to get a reality check. These Full Year Results serve to remind, where are the sales? They are paltry. Could be a teeny weeny problem, that.

Yup, and me! I had to sell some RIT Capital Partners (who wants a defensive inv. trust - boring!) to finance a 3rd buy. 902p paid. Remarkable it's fallen this low.

If I had spare cash, frankly I'd do the same.

"I'll probably pick some more up tomorrow if they drop my more than the circa 43p divvie". No problem with Burberry - 911p to sell, a drop of circa 50p.

I echo what you say about MammaC. And I think he makes an interesting point about the change of accountants: we might get booted off Nasdaq but they're replacing their UK accountants with American ones? Why?

Fre, they sloppily didn't include the date of the RNS. I was going to say we'd have to trawl through a lot of Form 8.3s and 8.5s to verify, but SB has beaten me to it with the exact one.

Fre1, I think it's just badly written. My reading is, they're not telling us when they disclosed it to us (just that they did), rather they're saying that they received 2 written notifications dated 22/12/23.