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Results: BOO

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Boohoo – industrial scale management greed or a spoof? Either one is ( again) the unacceptable face of capitalism

There is no evidence at all that management incentive plans actually incentivise management to work even harder or take even better decisions that reward shareholders. They are just a free one way bet for the fat cats. If you want a case study look at the 2019 and 2020 plans for Boohoo (BOO) bosses. Had the shares roofed it they would have coined it in without risking a penny. As it happens, despite all that “incentivisation” the shares, 408p back in 2020, have slumped to 49p today. So management need even more incentivisation right?

Boohoo’s Mahmud Kamani – mad, bad or a genius?

I refer, of course, to news today that  that Boohoo (BOO) has increased its shareholding in Revolution Beauty (REVB) from just under 13% to 26.4654% even though Revolution Beauty shares are suspended as it still cannot bottom out the size of a fraudulent accounting black hole. So is boss Mahmud Kamani mad or a genius?


BOOM! Boohoo – another scandal emerges – can it survive this one?

After the slave labour in Leicester scandal, (BOO) insisted it had done nothing wrong but put in place all sorts of ESG committees, procedures and staff to make sure it never did anything wrong again. Not that it had sinned in the first place, you understand. Today, an undercover reporter from The Times has exposed what happened when posing as a worker at the company’s Burnley distribution centre.


EXCLUSIVE: – The Dark Destroyer Matt Earl spells out the cash need and the way shareholders were fleeced

Over the weekend I explained HERE why (BOO) could go bust. Given the shocking corporate governance history here arguably it SHOULD go bust. Boohoo is just a bad actor on the PLC stage. Matt Earl, the Dark Destroyer, was an early critic of Boohoo but even with the shares having crashed to 44p, giving a £560 million market cap, he warns of massive problems ahead and quantifies the extra cash need: £200 million.

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