Member Info for alex1621

I agree. I think it is only a matter of time before this practice is shut down. Further down the road, if we see China move on Taiwan … what happens to Chinese companies trading with the West?

Southcoastbather - just seen your post re ASOS.

I don't own ASOS but had a look at their update when it was issued because there would be some crossover to Boo Hoo.

They were essentially inline with guidance, but there was better results with regard to stock (ahead of plan) and cash flow (strong, reducing net debt).

They expect sales to be down 5-15% over the full year, and they reiterated that target.

First half sales down 18% were in the "high double digit" range that they predicted in their previous update. High double digit implies 16-19% in my opinion, so within the predicted range.

I thought there results were okay considering how bad retail (especially online) has been since their Summer update. I expected a worse result, as consumer tightening and high inflation have persisted longer than expected. I think that is why the market response was positive.

Update is May 2024, after an “in line” comment on the same RNS announcement of the CFO being replaced.

ASOS update wasn’t too bad, I’m hoping that BooHoo show better progress.

I’m not really surprised by the drop, the last time I got a broker call for loan shares the same thing happened. I’ve also been reading a good few times in recent days of warnings of a US market drop. All the shares on my screens are red, with few exceptions. Keynes referred to it as Animal Spirits, the role of emotion and herd mentality.

Apparently 100 jobs going. The girl on the Panorama programme pretending to be an employee will be happy, some of the staff impacted would have worked with her.

It’s the hypocrisy that I object to. You could infiltrate any retailer in the UK and find something to make a fuss about. In fact, extend that to practically every company and civil service department in the UK, including the BBC.

You must be regretting that investment Sam. Why don’t you sell out before things get much worse?

A Sheffield media outlet The Star reports job losses at the BooHoo Sheffield warehouse following efficiencies from automation.

Looks like the cost base is being driven lower. Bad times force companies to streamline costs. That is why when better times come the profit impact can be exceptional.

On the share loan point, I did wonder if it was getting more difficult to find stock for loan? I do not allow loaning, yet they still asked me?

He offered me 4%. I’m guessing that’s 4% on the market value p.a.? But I did not go into it so am not 100% sure.

Big dip this morning. Yesterday afternoon I received a call forum my broker asking me if I wanted to loan out my shares. That’s the second time. I selected the no lending button on my account yet they still ask? So someone shopping around for stock, presumably to short. Only good updates will see this pattern off.

BFD - it’s hard work being a troll. Login as X, make negative comment, logout, login as Y, uptick X comment, then comment that X comment was bang on. Logout as Y, login as X to uptick Y comment.

If

BFD … bear me to it. It is just so obvious it is pitiful.

SuperheroSam.

Joins on 19 March 2024. Invests in BooHoo. And becomes a consistent troll of the company?

I think we have all seen this pattern before Sam. My guess is we have another troll from the past with a new disguise?

Come on Sam. You’ve invested in BooHoo. What was your investment case?

Expect a steady reduction in inflation and interest rates over the Summer. Combined with higher pay the consumer outlook should look better the second half of the year into 2025. For the first time in a few years the macroeconomy is favourable.

The forecast was for a decline in H1 in the high double digits. Given the retail climate of the last 6 months, which is poorer than I expected, the result is consistent with guidance. Stock and cash are ahead of guidance. So it is at best in line with guidance, but slightly better given stock and cash.

Overall, better than most were expecting given how hard the consumer has been hit.

Correction

Full Year sales target is decline of 5-15%, but H1 decline was predicted to be high double digit. An 18% decline is in line for H1. Target remains 5-15%.

ASOS came in line with guidance for H1. Good results on stock and cash. FY24 sales decline is 15%. H1 decline was 18%, but high double digit decline was predicted for H1, so in line.

They appear to be delivering their plan. The sales decline while not great is actually pretty good given how tough the retail landscape has been the last 6 months. If I owned shares I would be quite happy with that.

Looks like the H1 results came in line with guidance.

Sales down 18% - last update said expect high double digit decline

Stock reduction ahead of plan

Cash management ahead of expectations

FY24 guidance unchanged.

Not fantastic on the face of it but suggests everything in line with expectations. Given the tough retail environment, not a bad outcome.

I recall Bon Scot arriving on the board in Sept 2023 as an innocent new poster … the suspicion, confirmed by his many posts, is that he was really an old troll with a new identity. Sad acts.

Yes, this is a call to scrap the de minimus rules exploited by Shein and Temu. This fits my very speculative theory that a post IPO Shein might take a pop at Boo, aided and abetted by Mike Ashley. It would give them extensive infrastructure to bring bulk goods into the UK.

If a company is at the top of its game and firing on cylinders you really want the CEO handover to be continuity, an insider who understands the culture and way of working, so that good performance continues. But you really want an outsider candidate if the company is bloated and a serial poor performer. And that is the reason why Penny James was the wrong candidate and Adam Winslow the right one.

Winslow doesn't have any friends to upset, so he can crack on with radical reforms that will upset many. When the first redundancies are announced I suspect you will see a positive market response. The tough decisions are not tough, they are obvious. They are only tough for incumbents who have established relationships they don't want to upset.

If you are patient this might well have a positive outcome.