Daily Mail, 26 Sep 2020, Boohoo Bosses Face Calls to Quit

Cliff Weight, the director of ShareSoc, said: ‘It is undoubtedly shocking that these kind of third world factories exist in the UK. Mahmud Kamani needs to step aside whilst the board reviews his position.’


This report highlights numerous concerns for investors, not least the way the AIM “Lite-touch” Regulation can lead to some governance disasters.

Boohoo has only £900m of turnover but has a Mkt cap of  £4.71B and trades on a P/E ratio of 69.95. Shares this year have been highly volatile and hit a low of 180p on 3 April, when the markets were very depressed, then rose to a high of 433p and then dropped to 230p on 17 July and now are back up to 374.5p (@26 Sept).

I do not hold shares in Boohoo.

Cliff Weight, Director, ShareSoc