The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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Updated results projecting FCF througout FY25 also imply a loss during this period.
Need to review more closely how cash has been depleted. I see a £50M exceptional cost associated with DC closure but surely it doesnt cost them that to turns the lights out and lock the door.
Where did the cash go, thats my question.
As at today Barclays adjusted their profit forecasts, previously the marked FY24 as a return to profit.
Now, Barclays forecast FY25 to be a minor net loss returning to profit by FY26
Frankly, thats quite a wide variance. suggesting og guess work at best.
Doubly so, reviewing most broker views is a great timewaster for those looking for a laugh.
With this being said I think Boohoo will return to profit in this time frame.
It is interesting to read that the £100M reinvented into 'price' hasnt added up to much, and for me this is cause for review as to how elastic the sales model is.
Its also pause for considerations that a whooping c£130M of cost has been crowbarred out of the business whilst still depleting c£100M cash reserves. This implies a greater cost issue.
Has anyone got clarity on precisely where this c£100M of costs accrued from?
DTN
Move that decimal point and I have sold some for a not dissimilar value
£ 3.78 Doug, shocker, but there will be worse off
Can make a €9.04 and a €9.07 for RYA.
Clever clogs doug thought they go bankrupt in 2022, fool.
Price up = happy DT.
Not far off my b/e, whereas you are miles away
£3.78 anyone? "no brainer buy"
Woofing at shadows to deflect again douggie.
Not held those for yonks and yonks.
too funny you are.
P.s. Still no answer then? Coward
Someone here also paid over 450p for iag.
But jeremy/tradey
You have us 'trolls' all on filter you said, not another fib?
Shorts will be covering
The daily and weekly WTLB and DMI indicators have both turned up positive now. Let’s see where we go from here. BOE meeting tomorrow
Despite the profit and sales drop, there are early signs of recovery at the business including a positive trend in the performance of its core brands: Boohoo, BoohooMan, PrettyLittleThing, Karen Millen and the Debenhams marketplace.
Adjusted EBITDA margin rose from 3.6% in 2023 to 4%. CEO John Lyttle attributed the improvement to the automation of its Sheffield warehouse and the traction of Debenhams marketplace, which has onboarded more than 3,500 brands across fashion, beauty and home.
The company said it remains on track to deliver annualised cost savings of £125m across cost of goods, supply chain and overheads in FY25.
John Stevenson, analyst at investment bank Peel Hunt, said: “What Boohoo has been doing in the last 12 months is controlling the controllable [including] working on cost-savings and focusing on margin recovery, which are coming through.
“You can see success when you look behind the details of the numbers. Debenhams has been building quickly both in terms of the scale of the platform and the level of revenue. ”
Looking ahead, Boohoo Group is targeting GMV [general merchandise value] growth and continued improvements in adjusted EBITDA margin.
Stevenson said: “Trading is still tough but I think the momentum has improved. It’s all eyes on where we get to as the year goes on but there will be an expectations that we start to see signs of growth coming towards autumn.”
The analysts and commentators today signalling out Debs as a master stroke by the BOD. I think that’s the main reason the SP bounced back after the conference call. It’s a differentiator from Shein in particular .
SCB - I don't know to be honest but there is only one SNG.L I think. Pedro was another nasty piece of work. I green boxed him ages ago but I keep DayTrade open as he makes me laugh and also he lies about me so I need to fight back occasionally. He must be so devastated that BOO ended up on the day.
“
"Happy with my initial purchase of SNG at £0.70p from a while back, and Friday mornings top up at £1.60 putting in a further sterling performance today"
Today's SP on SNG is £0.0576p. Are you in profit yet ? Still waiting for the divvies ? Let me guess, you sold at the high point but forgot to post it yeah ? LOL”
Life wasting expert!
What the Dickins!!! This can’t be true. You actually got something wrong!?!
I thought you had the perfect Instagram worthy life?
Doug - is that the same sng that pedro used to post about? Pedro used to follow daytrade about like a second persona.
DayTrade you really don't get it do you? You said SELL on Mears @152p. They are now 390p. Do you get my point?
As you seem to love trawling back years let's remind ourselves of your rampy SNG purchase ...
"Happy with my initial purchase of SNG at £0.70p from a while back, and Friday mornings top up at £1.60 putting in a further sterling performance today"
Today's SP on SNG is £0.0576p. Are you in profit yet ? Still waiting for the divvies ? Let me guess, you sold at the high point but forgot to post it yeah ? LOL
It’s unbelievable isn’t it so sad, I actually feel sorry for the bloke. What a way to spend your life….
Congratulations daytrade, that's the full twelve hours completed
Must be time to walk the dog.
or maybe fix the airfix model you smashed when it turned blue
Such a sad life you lead
Im not so sure they even hold any shares Spidey, pair of em probably shorting from the 30p level. Wouldnt be surprised, they got everything else wrong these last few years.
Another monopoly top from the endless pit of wealth.
Nearly as a comical as "Jezza4G" and acclaiming to first buy in sub 30p to look credible
Laurel and Hardy a long way to go to get that piano up those greased stairs courtesy of "Shein"
Only people finishing second here tradey are the ramper looms like you still stuck on their spikes.
Missed you this morning when this cratered, how your ears must have been burning as practically everybody on here slammed the figures lol lol.
Diluted milk in the bran flakes
"Shouldn't really say but added 9 grand this morning on open..."
Who would have thought it Boasty claiming he 'topped up' first thing when this was in the toilet.
Shame he didnt post it at the time, clearly a load of bs, after the fact.
Yeah of course - so
i'm confused daytarde, don't you **** other posters off for dragging up ancient history.
congratulations on finishing second in your own little two horse race
Hey doug but you didnt actually buy mers at 152.
You posted your contract note for around £1200's worth where you paid £2.74.
Unfortunately they cratered then (you have form for buying stock that does this it seems) and then got locked in for, was it six or seven years?, only recovering to 390 recently.
After you sold a third at around 340.
So, being locked in for 6/7 years, allowing for high inflation, missed oppos elsewhere your actual cost average is around what they are worth today, isnt it?
You made zilchio lol..
You do like to appear a clever clogs and make out your doing well, but its not at all true.
Been like it for years. As others have posted you have an opposite corrolation with shares.
You buy they drop, you sell they rise, has been demonstrated many times.
Of course, with such a tiddly little position of £1200 as per your contract note, it doesnt make much difference anyway, even Boastys Casio battery costs the same as that chump change stake.
Still not able to advise on your £3.78 purchase then?
Are you in profit with them. Its quite easy.
It's funny because out of two contestants our "serial winner" (in his own head anyway) finished second
Pmsl