Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
33p for this shower of crap the shorts have nailed it. So where is the bottom? 20p seems very likely now. Crippled by rubbish management that can't compete and are probably looking to take this private for peanuts and then watch it grow without the short sellers profiteering from negative press!
Even Nbrown managed to gain a bit today. What garbage this share is! Shorts are increasing again even at this low price. How on earth can this management justify a 100% bonus they don't have the answer to increased competition, was this business just a pimped up market stall relying on cheap labour in Lie-cester. Why did they buy all the failing labels and what was the point a £90m London HQ which will probably end up in the hands of the Kamani property group? ( Which is owned by another Kamani son and has done i think alot ot the ware housebuilding for Boohoo) Who agreed on the £300million paid to No1 son for Plt what's it worth now and oh No1 son no longer works for Plt and will probably start a business in competition? Where is the bottom for this garbage? We should have bailed out and bought Glencore with all its corruption allegations its share price is solid. Rant over
The Market Cap. of this junk must be getting close to the amount paid to No1 Kamani son for PLT?
Yet the management think it ok to pay themselves 100% bonuses on top of their salaries. JL has been a total disaster for Boo he should be paying them to work there. As a shop keeper he on his wage he should have done better with the high street shop options (Shoe Zone) a few select stores might have justified his salary!
Shein certainly seem to have got away with their linkst to potential forced labour scandles!
There can't be any money in it for the press and hedge funds so nothing wrong with it!
Shein will be the monster Boohoo could have been!
Management snouts in the trough at this sp they can't justify a 100% bonus at 40 odd p ! I'll be looking to see what the rest of the Kamani clan have had out of their personal piggy Boo Bank, stuff the rest of the share holders.
What about some Management buys especially JL! He's successfully overseen a 90% share price collapse while not buying any and being paid big bonuses ffs.
I suppose the Boohoo board would agree with some of this? https://www.thebusinessdesk.com/northwest/news/2114951-matt-moulding-vs-the-financial-times-now-the-thg-founder-rips-into-the-media
Particularly JL? He stands there and says things are just headwind but he doesn't buy shares in the company he runs at this low price. Are they looking to take this private? Is there a cash call looming? He had a labour scandle at Primark and walked into one here in my book he's over rated. I'm not so confident in this now I'm just sat waiting for a takeover!
Next must source their stock in Nevernever land made by unicorns and fairies as they can do no wrong in the eyes of the financial press while Boohoo is held responsible for all the industries failings! So much for trying the made in Britain badge
And still no BOD buys if they have no faith at this price why should private investors
I agree with your John Lyttle assessment its time for him to go also let's see Kamani take a back office seat to, he's not a polished front of house player. Or better still let's get this taken out for a decent price and put an end to this pain.
Brokers!!! Barclays underweight target 65p. JP Morgan overweight target £1.90. What a shower of clueless. You might as well take your money to the casino thanhave those clowns invest your money. It only seems like the hedge funds have called this right with their added press tactics. A lesson learned, when the shorts arrive follow them not the rampers!
If you remember back to early launch days of Boo by the time they were really starting to get noticed by the press and broker recommendations the sp had travelled a long way, on this I'm hoping to see a recovery well before the press and brokers start to sing Boohoos praises again
Also there were some quality posters on here. The good old days!
Stands there and gives all that noise for the future and how costs and returns will recover to more normal levels yet where is his commitment.
He particularly needs to be buying shares ffs
Surely the BOD are buying? After that presentation with the potential for recovery they will be buying! Especially John Lyttle. He's well overdue showing share holders some confidence!
Well that investor presentation did do anything but knock the sp down further.
I'm looking for the directors to be buying, if not the 50p crew could well be correct.
As he's been playing on his phone throughout the presentation hopefully he's making some strong director buys! Probably not.
https://www.thetimes.co.uk/article/fast-fashions-carbon-footprint-is-too-big-to-ignore-nbnmm0wz0
Pay wall.
A negative article about Shein mostly but they use pictures of the Boohoo board JL and CK
Someone should investigate the connection between hedge funds and news papers!
If we don't see a descent set of BOD buys next wed/thur then I'll be loosing what little bit of faith I have left in this disaster.
And down they go ffs
https://www.cmcmarkets.com/en-gb/opto/boohoo-shares-out-of-fashion-ahead-of-earnings