The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Paulof2, the most likely reply if the question had been asked of Boohoo is 'there is a trading update scheduled for 14 January'. That is information already in the public domain.
Of course I wasn't suggesting the question being couched in the leading manner that you acknowledged wouldn't get an answer. However as I don't think anyone could expect a need for a downgrade before 14 January and as 'simply on track' would be unlikely to be released voluntarily at this juncture I still contend that for this company, at this time, just the simple question of asking about an early market update is so obviously a leading question.
The answers you have got aren't relevant in cases where it is a forthcoming scheduled announcement as that would simply be politely pointing out information already available. I can see that if a company hasn't published the date for the next trading update (as we have) then it would be an enquiry that could and should be answered as obviously trading updates need to be given.
I think what we are talking about here isn't so much an early update but an announcement as to trading against previous guidance.
Was it such a loaded question there Ian.B? With a near term announcement due here (about 6 weeks) and no one expecting a prior announcement that we are trading behind guidance the reply to whoever asked the question here if it came back 'yes announcement next week' would be an almost certain heads up as to what was going to be announced. I am aware there was a tweet on BF sales that was possibly a bit naughty and was soon deleted.
The Nomad is responsible for compliance on any Aim company, I would hope we err on the side of caution. The last thing we need is a Nomad resignation!
Paulof2, there is a scheduled update due 14 January I believe. Do you think they are going to reply to an email asking if they are going to release an unscheduled update with the connotations that would have? That type of info is by RNS as trading ahead(or below) of previously announced expectations is price sensitive, they're not going to tell us in advance if they are going to be issuing an RNS on the subject.
As K is such a fan of Primark and they are not online, I presume he has to spend a lot of time personally vetting the lingerie and women's wear sections in case any items or promotional material may be adding to the objectification of women.
I've just blocked Kallumama (in addition to TCM). To list all the so called evils around this stock purely as part of a well documented agenda to attempt to dampen sentiment that he is obviously seeking financial gain from is pretty sick.
This coming economic period will be far more complex than past recessions. Whilst loss of hospitality and high street retail jobs does disproportionately affect young people remember a good proportion of them are not fully standing on their own feet financially, living at home and 50% go on to uni - student grants are recession proof and mum and dad bankroll a good bit of the rest. I'd had a mortgage for three years at age 22 in the 1981 downturn, ten years later in the early 1990s recession my mortgage was £600 per month, just on the interest at 15% on about £48k. Parents of Boohoo customers will have nothing like that to contend with, interest rates virtually guaranteed to stay low/go negative for the foreseeable and plenty of equity for the middle classes to draw on.
Also wrong to think in terms of a set number of customers that will suffer attrition, yes, we'll lose some who really do have a struggle BUT - we're also likely to gain some who are having to trade down from more upmarket brands when their finances become stretched.
There are also potential wins for certain sectors as sometimes the big ticket items are unaffordable in a downturn, but other spending may increase. Think a family unable to afford their usual foreign holiday but go on MORE days out to the coast and theme parks. For our demographic that may be giving the iPhone upgrade a miss but cheering themselves up with £50 of new clothes.
A lot of factors interplay. I'm sure a particular poster knows this but they seem very driven by a particular agenda.
Multiple bids received could all be at level most would find disappointing compared with the situation pre Covid. However it is not conceivable that that bids would have been submitted without the bidder accounting for the low oil price and general investment appetite, it's not like it happened last week!
Might be worth pointing out that Administration is a specific legal process that seeks to realise maximum value from the assets of a company in order to settle as many it's liabilities as possible (in a specific order of priority as set out in law. If, for example, Boohoo did buy just the Topshop brand from the Administrators - it would be free and clear of any debt or pension liabilities (and the price paid would reflect that assuming others such as Mike Ashley would also see value in it).
I think people are confusing Administration with the BHS sale for £1, that was Sir PG trying to be a clever so and so.
Sir PG is not allowed to do deals such as selling brands without regard to liabilities. In simple terms the Administrator is - because the proceeds are used to settle claims as best as possible rather than buying a new yacht.
Robinstweet, The initial development of electric cars (and buses) was nothing to do with a cleaner planet. You fall into the trap of looking at the recent position.
Electric cars were on the roads 100+ years ago alongside petrol (and the odd steam one). Range wasn't a problem in early 1900s as the roads weren't good enough for long distance car travel.
Better roads and better cheaper petrol cars with Ford's mass produced Model T meant electric faded away by the 1920s. Henry Ford's wife drove an electric car from a rival and the first and the first car by Ferdinand Porsche over a century ago was a hybrid weighing four tons!
No I disagree Ableton, clairesmith may be contentious when posting here but I have no reason to believe she wouldn't be able to form sustainable relationships, earn a decent living and have a strong sense of self worth out in the real world of business.
Not really about justification, perhaps more circumstance and history. Never heard of Tomco before, but a quick look at price chart shows it was over £3 in 2011, so there must be quite a back story and I'm guessing not much future.
Presumably if there is no scenario in which 88e would do a consolidation it would need shareholder approval as it would be reasonable to assume there is no existing provision to do it without notice in the articles of association or Aus equivalent?
I have never come across a situation where a company does a consolidation without it being announced with reasonable notice. If anyone can give an example of waking up after market open to find a share has consolidated (obviously there would be a UK pre market RNS for a UK listed share) then I'd be interested to hear it.
This old chestnut crops up time and again, DW would look foolish doing one as things stand. However it is an option for all companies (just as some do share splits when sp runs up, eg Tesla) and who knows what may occur in the future.
Doomsday scenarios posted here suggest there really will be a problem if DW does ever have a valid reason to call for it (ie the benefit or necessity is considered to outweigh the acknowledged headwind that seems inherent with the procedure).