Small Cap Value Report (Mon 4 Feb 2019) - Monsoon - placeholder

Good morning, it's Paul here!

Graham has rather foolishly passed the controls to me. As we know, anything can happen!

Looks to me as yet another big name High Street fashion chain is feeling the strain - Monsoon. 

Anyone asking for lower rents, and time to pay, is under financial pressure. Take it from me, I've been a retail FD.

Peter Simon, the founder of Monsoon, is in my recollection, an arrogant so amp; so. Myself, and a couple of pretty harmless shareholders, turned up at a Monsoon AGM c.2004 in my Aston Martin DB7 - which was a sleek silver thing. We expected to sweep in, without a word. Not a bit of it! Monsoon had arranged for a snarling welcoming committee of registrars, who looked like a bunch of ugly, and very aggressive librarians. Demanding to know your name, and if you appear on the shareholder register, seemingly unaware of the nominee system.

I tried to storm the meeting, which sent them into a frenzy! Peter Simon hid behind them all, like a total coward. David Stredder was allowed in, and challenged Peter Simon - who is scared of shareholders! Scared of an AGM! Pretty pathetic creature. So now his company's...