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On the property though. It would be better invested in other than property
£72m property is worth £72m. It goes up £10m ok you made £10m so £10m extra value. This gain doesn’t pass into your EBITDA so not value enchanting on a multiple basis
£72m buying another brand which you can grow at 20% - 25%. Say a rough acquisition multiple of 15x so £5m EBITDA. Would be worth 40x on boo so your £72m is instantly worth c.£200m
Multiple arbitrage IS GODS GREATEST GIFT
Saving a bit of rent is nice but this is admitting that atm there’s nothing better to do with the cash as you’d clearly go a better value route if it was possible
Rag it’s no issue for me that you’re buying a nice car. You’ve been working longer than I’m alive. I cash equity in 3 years and I’ll have one. Hopefully then onto the next business/ cycle and then the size of the prize rockets. Or I cash all this now and buy one. So I’m not jealous we are all just at different points in our lives and I’ve still a fair future a head
Why is my judgement off? It went from 370p to only just 360p now. Seems all well so far while all my other investments went up considerably. The money from boohoo is up a lot vs the -2% here
But again me holding or not holding the shares has nothing to do with me getting it right about the Debs positioning. But on the make up point what do you think the solution will be? That’s one to ponder!
I do want to try and get back in before trading update as I think a refresh to forecast expectations will cause a rerate (it’s about forward not back)
I do think buying a property although smart on saving rent is sort of admitting “haven’t much else to do with the cash atm” which is a shame
Also after spending all that on a property and the other acquisitions there isn’t enough money left to sell third party clothing brands via the asos model (c.£300m of working capital). So I guess another query. Should boohoo go raise £300m to do the asos model?
All tough questions. Have management got it right? If you think not. Sell
I have bought into BOO .I have just come off the UKOG board if you talking about people being personal thats in a different league.I like the the choices the BOD are making just put my toe in the water might follow with some more toes or even a foot.
The point of ‘wasting’ that money is it’s put into an appreciating asset. Means your overheads as the business grows are minimal and if they need the cash they can sell it and lease it back. Not the best use of cash but fundamentally they’re throwing a lot of cash off with no debt which begs the question what do you do with it? Invest in tech - on it. Invest in brands- on it. Invest in infrastructure- on it. If you want share buy backs..... find some nice comfy care home of a share like Smith and nephew.....
What's the point to waste 70m on office building. Next thing they should do is start building flats in London.
Dickyboy, you thinking of buying in to BH, one post on BH about my post ???? you want some intel then try and look back at regular posters, disregard the crap, granted some of it from me but that's just me taking a small jittery accountant to the top floor. You will find some really good useful info and differing points of view backed up by some well constructed arguments normally just before the personal stuff kicks off, lol.
Dickyboy, believe it or not i'm not normally one for flexing, it's is actually directly connected to this share and for the eyes of only for one person, you need to know the back story and History some on here do you obvs don't, no issue.
why o you feel the need to boast about your new car it has no revelence tothis chat room.
Danman, your judgement is fundamentally flawed so i'm afraid it makes any comments are null and void. you only have relevance to yourself, time to leave the BH Board you just want a pointless debate and no one is engaging or listening as they see through you, sold on Fleagate and USA gate after worshipping at the temple of BH, end of.
Now more importantly i've got 8 days to decide Matt Satin new AM racing Green or Matt Satin Black , so damn hard, which do you prefer?
Selling the shares has nothing to do with how I said the brands will be presented on the website. It also has nothing to do with the fact that boohoo will not be selling third party clothing. You never "put it to rest" you just say the CEO (of the company you have a fair amount invested) is just lying - did you ever actually listen to the debs webcast or read the RNS in the end?
It's just not linked weather I hold or not. Its binary and I was spot on
The one thing for boo shareholders here is (and this is a big question) is if PLT isn't going on debs then the x-sell piece to make up is MISSING for a huge chunk of customers! Or if they are able to access debenhams from PLT and will the systems be smart enough to put into one package (ie drop a lipstick in with a dress)? If not it's two parcels going out so not the perfect synergy and potentially two parcels to go back. Worse case scenario is PLT can't access debs
Something for you to think about when you pick the exhaust
Remember always invest in shares where you trust management and how they are running the business
Btw Daman , no you dare not say you got this right, you couldn't be further from truth, you sold on fleagate and USA gate, stick to mining
Danman i know you wont belive me but currently sitting at Aston Martin Cambs Jardin Motors picking options on the Aston, thought id check in on share and there you were banging on again about 3rd party when i thought id put this to rest. Anyway nice risevtoday for those still in.
Was going with a Qucksilver Exhaust on this F1 but christ its loud , not sure an extra 6k for more bangs and crackles is worth it, your thoughts ?
Dare say I got this bang on
No PLT and no "edgy" elements of the boohoo brand (new collab with US rapper isn't there)
Maybe Dan knows fashion and branding too?
I think i'll be adding here soon - subject to US hiccups
@rag you see the Quiz comment this morning? No selling on Debs website. there isn't going to be ANY third party clothing on there. Does that not worry you? Or would you rather keep your shares near £4 by holding the higher GM% which the market (accountants with the BILLIONS to invest) are wanting
No make up yet but it looks very good/ clean
Not all £'s are equal
Halliwell , a great reset for Debs website, a stratospheric improvement on what has gone on before and this is just the very very beginning, the nuances of this industry are being addressed with good quality people at top of their game.
30% down on 2 years ago, shift to online is material now and the wealthy middle class will be enjoying the Debenhams website as opposed to pushing a shoving in Primark
I love what Boo have done with the Debs website, home and living and beauty on its way......
https://www.debenhams.com/
I also note that Amazon pay to appear above Debenhams on google search results, which I suspect is telling when it comes to traffic that Amazon would like to draw into Amazon verses Debs, not sure if that it a good or bad thing as there are huge numbers of people that still dont know the difference between sponsored search results and top hits.
I'm holding for the long term here.
Yip, rushed back to the few shops that are left. Rushed to stand in a queue having paid for parking etc etc. Shopping, like work and comms has evolved. It’s simple. Online is here, dinosaurs and Luddites....
Yeh, and look at the queues and social distancing. The novelty will wear off.
Still at it Kitty.
Just posting info again eh?
Very informative of you to do so.
Shoppers rush back as High Streets reopen in England and Wales
https://www.bbc.co.uk/news/business-56682747