Member Info for WolfofWarks

This was in November which was obviously whilst in suspension.

I don't know if I am right or not. I don't fully understand how some of the working on in the back ground with funds happen off book. However Boohoo has increased their stake to just under 13% mid august and the suspension then kicked in from 1st September. I think Boohoo picked up their increased stake from Jupiter - there's an RNS relieving them of their stake around the same time - this was around 8%.

'It doesn't matter how many brands Boohoo have. There's loads more competition for online fashion worldwide. People are returning to shops to buy their fashion too. '

There are less shops to chose from and when you go in them they carry poor stock and the likes of Next turn you online anyway where they carry a wider breadth of stock then in store. Lots of Next stores no longer stock baby and toddler clothes as an example. Try buying a suite with a 36-38 trousers and 42-44 jacket.

'Between 2015 and 2020 Boohoo broke down the revenue, etc., for Boohoo, Prettylittlething and Nasty Gal.

They don't do this any longer because then you'd see how the other brands aren't doing so well.'

That's because it was a smaller business then. It has bought many more brands since then. We're only 18 months in - I would expect them all to be making a profit. The company I work for gives a newly acquired business 3.5 years to breakeven. That's with an already successful business model which just needs rolling out in a new territory or a new business area.

'Shorting is part of investing for huge funds.

They'll have shorts on shares, commodities, currencies, interest rates, etc., etc on worldwide markets

They don't have time to do artificial suppression.'

Thanks for the GCSE level education PeePee. What are you going to teach us next? How credit cards work, mortgage interest perhaps?

Hi Oke - None of that you have posted their has any relevance to the re-listing. The going concern issue is something entirely separate. I think if RevB put all that governance in place they will probably be going above and beyond the level of government a regular small cap would be working with. If the board had more independent NEDs to start with perhaps this mess wouldn't have happened in the first place.

But this is what happens when you take on decent executives who know what they are doing based on experience rather than simple being the founding fathers - looks at the mess over at THG as a case in point.

'I think the equity interest of little concern to me. From the standpoint of being prudent, mentally I write it down to zero given RevB's accounts are a hot pile of doodoo. It was stupid of the board to buy a bigger stake while it was suspended.'

They couldn't buy them while suspended mate. it all happened before. My play is that Boohoo bought at an absolute opportune moment and know what the incoming management team are capable of. You buy shares when the price is low if you believe in the business opportunity as once those results are realised the share price willl recover and this will have a positive impact on the Boohoo SP. What is Boohoo if not a collection of companies invested it. It is not the core business of 2015 that PeePee keeps banging on about that's for sure.

Oke - very good post there on the opportunity that should present itself once USA NDC is fully operational.

It's simply not acceptable in this modern technological age for the money to not be on your account on the right day. It's shambolic from the brokers. Glendora have clearly paid the money out - it's a crapshoot depending on the broker.

With my baking platform at work I can send money pretty much anywhere around the world in 24 hours. The differentiator is the bank charges for each type of service.

So I would suggest that the brokers who take the longest are using the cheapest service or the money comes from a third party who are using the cheapest services.

This is why I like IG - they have trading from £3 a deal and always get your dividend to you on the day. My complaint to the brokers would be to mention the market opportunity that could have been lost yesterday for those that didn't receive their money who could have invested. Opportunity cost and all that jazz

'Confused as to why this share has move back from 80p to 70p over the last week or so, but are all of these guys wrong? '

My guess would be because of the uncertainty that has crept back in around interest rates.

I think a strong earnings report could see this take a move up and give it some decent momentum building on the last set of numbers.

It's always going to be at risk of bad interest rate news because of the debt though.

I don't think I could have timed my re-entry any better - a smidgeon under 35% in a month.

I think I'll probably add again now if there is a decent size pullback but wish I had been more adventurous.

I think he’s pretty much nailed the situation there. The last couple of mins really struck a cord with me and that’s how I feel about investing and more importantly always learning lessons along the way so you can make better decisions going forward. It’s all about inductors and red flags.

There’s a decent conversation to be had here Elvis but like before you cloud it with your childish antics making it all a pointless for anyone that engages you.

I think you’ll find that whenever an expert is brought forward to advocate they are asked to state their qualifications and experience to give them credibility.

I mean missing out probably the biggest overhead the company has out of a valuation is pretty amateur. If they had started off by reading the last annual report CW themselves use EBITDAl rather than EBITDA.

Have you written this report by any chance Elvis? It’s got all your hallmarks :)

I haven’t had a good look through the RevB stuff yet but what I was was promising.

Oke mate the accounts and audit, etc, bear no relevance to the relisting - that part is now fully up to date. However they now need to make sure all their governance processes and requirements are up to date. I think this is all a technicality at this point.

Also nowhere in the accounts did I read anything around an SFO investigation. I think the former directors will be the ones who will be accountable for the former goings on a rather than the company. I haven’t got a great knowledge in this area though. Just remember that when Tesco’s accounts were found to be dodgy it was the directors who were charged.

I said to you before going concern materiality will not stop a company being listed and plenty of AIM companies have them. Is all the auditors and directors have to do is let you know it’s there and the reasons why and you can make your own choice.

Guru have even started that the lenders have signaled their intention to wave any covenant breaches in this next set of accounts as well. So the going concern doubts going forward relate to future convent tests based on performance. All the mess and the kitchen sinking is covered with the lenders it would seem.

What shares have you been buying PeePee?

You don’t appear to own anything having gone long at the top and short at the bottom here.

‘Wolf - you're rude to people on CINE.

You were rude to me first so I was rude back to you.’

No I’m not. You’ve probably had a look and taken some of it out of context. I have banter with a couple of the guys over there.

I’m never rude to people unless they are rude to me first.

I promise you that. I’ve got no people cutting people off at the knees though if they are chatting shi t.

I like discourse though, it’s healthy and makes you make better decisions if you look at both sides.

You’re thick as mince though, so this doesn’t apply where you are concerned.

'Maybe learn not to be so rude when you post.

You seem to admire Hexam's posts and he is never rude.'

Actually PeePee I'm never rude to people usually. However a couple of weeks ago you were very rude to me which completely changed by stance on how I choose now to address you.

So my impatience and intolerance towards you is purely of your own making.

'Wolf - if you'd read the links I posted you would see who is investing in Shein.

You're hoping the Shein business model isn't sustainable and that it's just another competitor. '

Actually PeePee if you have a good understanding of how companies in this space operate and look at the likes of the retail division of ABF ie. Primark then you can build a picture of how cheap product can be made and delivered. The Achilles heel of online is the last mile getting product to customers. Shein simply cannot sell product at the prices they do on what what must be wafer thin margins and make any money - they are doing it by hyper volume. So while they are taking market share I would argue that it will not be profitable market share, they are taking a 'busy fools' approach and until we see a set of their audited account we are non the wiser.

They can only do this for so long before the business has to start making money or be continually fund raising - that only lasts for so long before it upsets investors though.

Penta - If you take the projected earnings forecasts and believe the valuation is more then £3bn then you are basically valuing CW as a hyper growth tech company.

'The case would also probably be helped if the experience and qualifications of the 'expert' were given.'

Hexam - I think Elvis may well have out them together :)

I would urge anyone just to have a look at other companies that trade around that market cap, then ask yourself really if this is realistic.

I think if you also listen to the clip of the judge that was posted the other day he pretty much outright dismissed hopes of shareholders with his explanation of how they could bever be ‘in the money’ here. He spoke to that chap out of courtesy more than anything. I actually felt sorry for him.

$13bn to $17bn - good luck with that!

Elvis - grow up for heavens sake. I’ve said it before but it does you no credit.

Hexam’s a very articulate and well respected poster.

'Being convinced you're so totally right is your own downfall.

Entrenched views lead to more entrenched views.'

These are the two thing that you are guilty of. Why else would you keep repeating the same points over and over and over again.