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.’

https://www.thisismoney.co.uk/money/markets/article-8774083/Boohoo-bosses-face-calls-quit-wake-sweat-shop-scandal-report.html

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