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Kallumama, returns during lockdown have been lower than pre lockdown for both boohoo and other online clothing retailers. Boohoo haven’t yet made a statement about how returns have behaved since the high street reopened but both boohoo and other online retailers have previously stated that they believe the lower rate of return is due to a combination of different nature/mix of products purchased during lockdown and the effect of lockdown itself and it being generally more prob,emetic to go to the post office etc to enact a return. They have also stated that they expect return rates to increase back to the norm once lockdown has ended.
https://www.shadowfall.com/wp-content/uploads/2019/01/BOOHOO_ShadowFall_Research.pdf
As they say themselves, "this is non-independent research"
I doubt if you expect me to teach how to consolidate group accounts and what the treatment of minority interests is. Particulalrly when you are starting from a low base.
PLT accounts to 29/02/2020 are in public domain, profit before tax was £45m
It was Shadowfall who claimed that net cash cost for Boohoo to buy out PLT minority interest was £1bn by 2022.
As I say , utter humiliation.
Oh dear...
"The initial consideration is to be settled through a combination of shares in the Group totalling £107.9 million and an up-front cash payment of £161.9 million, funded from the £240.7 million of net cash that the Group had on its balance sheet at 29 February 2020"
But (and its a big but), PLT had £161m of current assets at Feb 2020 (2/3 of which Boohoo entitled to), £100m of which was cash.
Even Shadowfall humiliated by this acquisition of remaining interest.
Its gone 7p.m. ......PP1 getting more intoxicated........the time to start getting bitter........the time to start filtering people.......the time to have more to drink........Poor PP1.........
You meet the best and worst of human beings on here.
Filter the worst and keep the best.
It makes life so much better.
What a relief to get rid of Kallumama - should have done it yonks ago.
PP1...doing the night shift......talking to himself......trying to snare the mugs into buying Boohoo.........slowly getting more intoxicated........Poor PP1.......Have to feel sorry for him......
Kallumama - now you're filtered because I'm tired of your rambling nonsense and your unwillingness to read posts properly and learn from them.
PP1.Headwinds.Headwinds.Headwinds.Overvalued.Overvalued.Overvalued.Stagnant.Stagnant.Stagnant........So many great opportunities to make real money......Why invest in a totally descredited brand???
Kallumama - may I suggest you read my posts in full more than once so you start to learn the truth about Boohoo.
Kallumama - High Street Stores have warehouses too. Where do you think they keep their stock? It's not all in their stores. High Street Stores have double the costs of stores and warehouses plus the staff for all these.
Boohoo have always stated their return figures at their AGMs and their return figures have always been lower than ASOS.
You've bought into the hype that there will be higher operational costs for Boohoo due to suppliers. That is hype and has already been proved wrong in the financial updates since July 2020.
Young people will never be fed up of online hence why they're always on social media. Older people are time conscious and online suits this.
Most of the payment for PLT was in Boohoo shares so hence why Umar Kamani will be growing and growing prettylittlething so his Boohoo shares also rise with this growth.
Stop believing the hype and start doing your own research on Boohoo.
Kallumama - you've so much to learn. Mahmud Kamani's stake may have been 60% before IPO however for an IPO he had to sell most of this stake. The Boohoo share price at IPO was 50p. It is now 359p. Mahmud Kamani's 13% shareholding in Boohoo is areound 150m shares at 359p is around £539 million. Mahmud Kamani wants to grow his £539 million In Boohoo shares by growing the Boohoo business and therefore the share price.
The figures for prettylittlething were always in the financial statements for Boohoo because Boohoo owned two thirds of prettylittlething from 2017.
Shein, MKS and Next need to watch out for Boohoo. It is Boohoo who will be taking market share of MKS and Next with the Debenhams purchase. Shein have the worst reviews you can read so they're no big threat to Boohoo. Boohoo is their threat.
Young people always find money to buy clothes and more and more of them will go to Boohoo for the price and fashion. Boohoo are miles ahead of the pack when it comes to getting the latest trends online. Primark don't have a look-in with this.
Boohoo are so ahead of the game, this is how they've grown and will continue to grow.
hahahahaha
'I have held them through every up and down.' 12.29
Do I win a prize for this??
Kallumama - I invested £100,000 in Boohoo shares in 2015. I have held them through every up and down. They are now worth nearly £1.3m. I research Boohoo on a regular basis. I will be keeping my Boohoo shares for many years to come.
Mahmud Kamani has never owned 60% of shares in Boohoo. Mahmud Kamani has more money invested in Boohoo shares than he sold. Mahmud Kamani would never let Boohoo fail. It is his passion, hence why it will continue to grow and grow.
Premier Foods use their free cash flow to pay down debt. Boohoo have no debt and use their free cash flow to grow the business.
Boohoo bought US business Nasty Gal for £20 million and have grown it into a £100m revenue in less than two years.
Boohoo bought two thirds of Prettylittlething for less than £3 million. Boohoo paid a fair price for the remaining one third of Prettylittlething. Prettylittlething had grown to £500m revenue when Boohoo bought the last third of it and so it paid a fair price for it.
Please do some proper research instead of spouting rubbish on here about Boohoo.
"As we come out pandemic and online sales crumble"
I will leave that here so people can read this statement. I will forward this to Amazon shareholders as well.
Not invested in abf, should say pfd, they are going down kallu!
Kallu clown 13% holding now vs 60% ar IPO means he has increased his holding as value of the company is worth more than the 5 times multiple (simple maths as my son would say).
With recession loomong you should be more worried about your ABF shates as people move to cheaper supermarket brands.
PP1 “ only provides figures to suit their arguments.”
Exactly what you do!
Oh & watch out as PP1 is checking all your posts on other boards .... something badly wrong with this one & needs help to mend her godlike head
Think we should jump on ABF board under the alias of Kallupapa the clown and shout down ABF, however dont have the time to be an idiot as not invested there (better things to do in my life).
Kallu the clown, free cash flow was not a good measure when Amazon first started as they pumped back into growing the company (you always go on about how Amazon will take over everything) Boo is doing likewise hence you see the impressive growth rates.
How you can say Boo will not grow after covid shows you dont look at past figures where we see griwth across continents and within UK every year (pre covid) and lifting of lock down means more reason to buy clothes.
Yes recession would affect all businesses but again Boo is well positioned for those looking for cheaper clothes.
Kallumama.Absolutely spot on with that assessment.You are probably wasting your time with PP1.The only person he listens to is himself.He doesnt mind dragging others down the same destructive path.A very dangerous person.
Kallumama - what was the free cash flow for Premier Foods and Boohoo for 2016, 2017, 2018, 2019, 2020?
Please provide free cash flow figures for Premier foods for each of these years.
You're like the statistician who only provides figures to suit their arguments.
Now look at the Return on Equity and Return on Capital Employed for Premier Foods and Boohoo Group for 2016, 2017, 2018, 2019 and 2020.
Kallumama - you are not invested in Associated British Foods (ABF) who own Primark because I do my research and read posters' past posts on here.
If you were invested in ABF you would have been shouting about it on here and in your other posts too.
Kallumama - Mahmud Kamani, Founder Chairman, owns 13% of Boohoo shares so the majority of his personal wealth is invested in Boohoo shares. Hence why he is passionate, driven and committed to Boohoo.