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"The Group expects to generate positive free cash flow in FY25."
This is crucial and the market should react to it.
All IMHO DYOR
Happy
Rcf costing a few quid in fees now. Almost double last time
Finance expense: RCF interest paid and accrued
(18.3)
(9.6)
Finance expense: IFRS 16 lease interest
(2.9)
(1.7)
Finance expense: RCF arrangement and facility fees
(1.3)
(0.7)
(22.5)
(12.0)
In line with guidance (Reuters)…
Turned a corner, etc
https://www.thearmchairtrader.com/three-quick-facts/boohoo-osb-wetherspoon/
The results were not as poor as I had anticipated, which is positive. Given the economic climate, inflation, and consumers' tightened budgets, as well as the company's slight missteps leading to negative press, the outcomes were somewhat predictable. With inflation subsiding and consumers beginning to spend more freely, there is hope that this will foster a growth environment in the coming months, potentially leading to a turnaround in fortunes. We await the future with eager anticipation.
Said this was going to happen.... The need to get the market interested.
"The group is now well positioned to return to growth, and we are focused on ensuring that growth is both sustainable and profitable. We will host a capital markets day in due course to provide more detail on our strategy, key growth drivers and the longer-term outlook for the Group"."
Yep I wouldnt touch Shien with a barge pole if it IPO'd
Just one overnight action could tank the stock. It be like buying a mining company solely drilling in North Korea, Yemen or Gaza.
The Chinese govt are underpining it for a reason and its not so the west can benefit from cheap clothes to help us out.
I think they are being understandably cautious given past forecasts and volatility in financial performance.
But the group is in good financial shape and highly leveraged to an easing of macro conditions and interest rates.
The reduction in operating costs and improvements in gross margin are very pleasing. Inventory is under tight control (no ASOS here). Improvements in delivery times in the US (due to new US distribution centre) should drive profitable sales growth in FY2025.
Capex has peaked and the forecast for free cash generation for FY2025 is highly encouraging because it should drive net debt reduction.
All in all, I am pleased with the shape of things and will continue to hold through FY2025.
All IMHO DYOR
Happy
Oxygen, Shein relies on dodging import duty and cheap labour. Both under the spotlight. They could easily be derailed. Lots to unfold here over the next 12 months.
I think the fixtures and fittings are the value of the automation investment.
Shows the damage recent entrants into their marketplace are doing, when the likes of Shein grow their GMV by 50% & Boo down 13% over comparable periods.
Little to be excited about here.
Knobody... 230 million I think....
Question is how many of the negatives will still be here in 6-12 months?
As interest rates come down debt (used for cost saving investments) will be more managable.
The SP the next few days will dictate how postitive the market sees the results and thats what matters.
Never seen final results and outlook that doesn’t mention cash and equivalents.
First question in the analyst call - it should be.
I hope so, depends how mms take the whole results. I can see positives and negatives.
⏰
Goodness how the mighty have fallen and these results say it all.
Sales down profit down and it seems no matter what they do they cannot stop the bad ship from sinking.
Where are any good points for now, ok things might be better in 6-12 months but other things will come along to move them off track, and to start putting assets like fixtures and fittings in the books to look good beats me. Think we could see SP down to 25p ish.
That is the question that needs an answer.
Some good bits (lower op costs)
Some bad bits (debts up) (top end of revenue decline guidance).
My take pretty neutral overall.
Lets see what the market says, and more importantly retains. Shabz you may be right
Yeah, cant see the shares sky rocketing on open.
Just a notable point.
Group is targeting GMV growth in FY2025 and improvements in EBITDA margin, which is encouraging. I would like to hear more about this on the webcast.
(1) GMV is all merchandise sold to customers after cancellations and returns, including VAT, carriage receipts and premier subscription income
Not particularly inspiring results.
Well its not going bust as the de-rampers on here have wasted their lives shouting about.
Time well spent, of effing rather.
I did think that was a bit odd for a listed company but the message is clear, the company is worth more than debt which is pretty manageable anyway.
.
Feels pretty desperate when they mention fixtures and fittings on the balance sheet...