Member Info for aimtitan

To raise capital via an equity raises to only pay it back as dividends means the big boys got shares at a discount, thus kind of proves that this is a stealth raid. They could have easily gone to the bond market and raised the money at very low interest rates if they wanted too. But they raised it via equity and the cost that dilutes everyone

I don't mean to step on anyones toes here but this is simply my opinion.

The p/e and therefore the share price is based on the forward value of the stock, and in this case roughly 6x mark. By diluting the stock we essentially push the P/E to around 10x as earnings per share reduce significantly.

Now normally I would be all for equity raises for capital provided the cash raised is used to develop the business to increase earnings and justify the new forward p/e.

However, in this case majority of the cash is used to write down debt with a small portion for platform development which is the more important part that drives earnings.

Therefore, I can only see this as an equity raid, as most of the money raised is not used to benefit the earnings in the long term but to serve short term debt.

Nbrown is valued at £150m vs BOO at £3bn
Revenues roughly in the same ball park
I think there's no risk at that value

This a low margin high volume business targeting teens who will be hit with recession the most.

Bought into nbrown which is a high margin low volume business targeting 50+ who have deep pockets and less affected by recession

Shroders often act on behalf of pension funds etc who look for income/dividend stocks

i never know when GRIMS is IN, OUT or SHAKING the bull sit about
Still waiting for the wedges and double tops saying gold going to $1700

In the world is writing down it's loan book with a loan lost charge however Arrow has even adjusted the future collection amount by a £1

and you potentially offer fundraising or part funds to support a cash conversion

just going shopping to buy my porche, its a three wheeler, so will buy the 4th when this hits 70p

Whether is £28m or £65m, thats loose change based on the H1 interims. Naturally, based on that article looks like they are endeavouring to pay cash

It says the market value of those shares are £28m
Otherwise if it was £28m of the convertibles, this would give them a 22.4% of convertibles including their 22% of held stock. Idiots I swear, can't do simple maths

Kenj, if you can't do basic maths you should avoid stocks
https://interfax.com/newsroom/top-stories/69356/
The right to convert at the expensive of not receiving a coupon is the holders right. If you logic was right every bond holder would have converted from day 1 if they got compensated for the coupon

Values in $dollars

In case of an exercise of Conversion Rights by a Bondholder, the Guarantor has
the option to (i) deliver the relevant number of Ordinary Shares, (ii) pay the
Cash Alternative Amount (as defined in the Conditions) or (iii) deliver/pay a
combination thereof.
The Guarantor may exercise its option (the “Cash Alternative Election”) to
pay the Cash Alternative Amount

Paying the convertible bonds in cash is loose change for pog.
8.25%x£125m x (31p/10.8p) = £28m
To be honest it's better paying them the cash. They'll have to buy the shares back on market which is brilliant for us.

To invest in Boohoo.

N brown is at a pe close to 1!

https://shorttracker.co.uk/company/JE00BG6L7297/

its falling because the clever money is basically exiting whilst the robinhood investors are taking the pain buying

BOOHOO a £4bn+ company that doesnt pay dividends to shareholders but a £150m bonus to its boards?
How are they using the money to grow?

Get out whilst you can, dont be the INTU/HERTZ/WIRECARD buyer. Go with a company that doesnt pay its board members extorniate bonuses after borrowing that money from the market via a rights issue. N browns major shareholder has held for decades and owns 60% of the stock. He didnt ask for any bonuses, but pays dividends so everyone benefits

what my original point was, its hard to push a £2bn company to a £4bn than N Brown which is £100m to £1bn (which it has been before). its like pushing and elephant versus a small calf!