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You should be apologising along with your ramp level5 account but nah you can't manage that as too simple
You mean all the others you tried to spin the narrative of its just the shorters and it wouldn't go to 50p.
Gaslighting con artist mate
Satisfied at having read the market decently. Is that allowed?
Go Boo! Another lower multi-year low struck. 40s nailed on now.
A business should have ideally as close to zero cash as possible. Any excess should either be reinvested or returned to shareholders.
Apple are sat on a couple of hundred billion or something daft like that.
It's access to cash that's the important thing, not what's on the balance sheet at any given time. It also depends on payment and receipts cycles.
For example some business like Boohoo pretty much get paid for product straight away but then may pay their suppliers on 60 days at the end of the month. A company might have slightly better terms and pay there suppliers 60 + 10 meaning their balance sheet would look better cash wise but their current liabilities would be higher.
It's the levers you've got to turn current assets quickly into cash and what facilities you have in the back ground should you hit a rough patch along with what capacity you have for further increases in financing from the markets.
For any business I can think of, cash and cashflow is everything.
Assets might be £x and liabilities might be £x, whereas cash simply is what it is. There's no judgement or estimation involved.
Claiming cash is irrelevant is grandly stupid.
You would think that providing the NDCs start paying back pretty quickly the current ratio will improve. However it's what we thought were short term headwinds are looking more like medium term in terms of freight, inflationary cost pressures, etc, along with a likely recession brewing in the back ground. The future is very uncertain at the minute and it's impossible to call anything like a bottom at the moment.
Biggest indicator for me now is when the shorts significantly reduce.
"and still no answers"
Am not sure what you are actually asking for an answer for? you move the goalposts and deflect so much, whilst 'answering' all points put to you with just baseless counter questions and no substance or proper response.
Cloth eared fool.
EBITDA is a weasel measure; adjusted EBITDA is worse. It's a strange opinion that either is the 'best judge of cash'.
Alternatively, isn't the best judge of cash...well, cash? You count it and it's either there or not. Unlike EBOOTDA, it's far harder to obfuscate and confuse the faithful with.
It the best judge of cash from the the core operations of a business, Looking at cash this year vs last takes into account movements in the balance sheets like fixed assets purchases and sales, financing, increases in debtors, creditors, etc.
What you ultimately want to know is if BOO sells a dress for £10 two much does it potentially return in cash at an operating level.
If the core business doesn't make any money or doesn't have a decent roadmap to profitability then nothing else really matters.
Got some brass neck hasnt our 'friendly' ramper lol
What ????T4G arguing with other posters ???surely not being the blanket filtering his end outing those who dare disagree with him ??
That lasted long didn't it ......
"You deserve all the losses you have t4g. I just hope not too many people fell for your ramping."
Hear hear. I dont anybody is fooled by him any longer after his repeated demolishing, which is brilliant. Keep it up guys.
Use by most plcs is irrelevant T4G. It's a non GAPP/IFRS measure companies like because it can make earnings look better. And you're falling hook, line and sinker for it.
Cash on hand was £103m, but that includes the £100m drawn down from the revolver. So only £3m is cash attributable to equity owners of the business.
That's a paltry amount of cash compared to what they've been sitting on for the past couple of years; and they were debt free then, not now though.
EBITDA is a weasel measure; adjusted EBITDA is worse. It's a strange opinion that either is the 'best judge of cash'.
Alternatively, isn't the best judge of cash...well, cash? You count it and it's either there or not. Unlike EBOOTDA, it's far harder to obfuscate and confuse the faithful with.
"Shorts didn't do that. They seen what was happening, seen that it was silly overvalued and then capitalised on it. Simple as that."
Spot on DC. Blaming them pesky "scum shorters" again is the Oracle of BOO. Never ceases to chunter on and on with the same nonsense retoric.
"Why do you believe anyone should listen to you when you post your deramping nonsense?"
Maybe because he was proved 100% correct by the sp/market, cloth ears.
Unbelievable
The SP has cratered because profit has quickly reversed from rapid growth, to stagnation, to losses. Shorts didn't do that. They seen what was happening, seen that it was silly overvalued and then capitalised on it. Simple as that.
"t4g,
you've been ramping BOO all the way down from 300p and above.
You have been completely wrong, although you'll never admit it,
and anyone who was foolish enough to listen to you will deeply regret it."
Absolutely spot on Calamari, he just hasnt the guts to admit it. A complete fraud of a bloke.
On the contrary trad8ng for losses, you know exactly why i started posting here initially. Becasue of lying rampy nonsense posted by you and your kind suggesting ever increasing sp rises.
You did it all the way down as the sp fell from 400's, and are just sore because you held on and on not realising the gravity of the buisnesses troubles, prefering to try and bully well over a dozen other more realistic (negative in your view) posters who actually could see what was coming, and were proved 100% correct.
You abused and tried to shout down soooooo many people and took on the role of policeman of this board, trying to close down any and all opposing views. What a failure that was.
Purely because you are sore at your losses, blind to the obvious, and nasty to those that pointed out your errors.
You keep posting your rubbish, and i'll keep taking (as will many others) satisfaction that you have been well and truly called out and shown up for what you are, and hopefuly some people will have avoided the 'bum steers' you kept pushing here.
PP1,
its within my 'impossible' range of interest now certainly (50-60p).
Not letting the moths loose just yet mind, to many negatives, just cos the price is down doesnt make it cheap!
I loved Daydream Believer.
Come on Daytradenovice, be honest, you're looking to buy Boohoo shares cheaper than they are now.
Should be on a loop here, still it seems.
https://www.google.co.uk/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&ved=2ahUKEwiBy9uE5cj4AhURolwKHcSSAbUQyCl6BAgEEAM&url=https%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3DxvqeSJlgaNk&usg=AOvVaw0MRZ0YtJCube4kZV49w2aG