The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Trading update is this Thursday
92,248,833 even!
Shorts going to be FRIED tomorrow. Should be a nice breakfast..
10,000,000 Mln sell just went through books. REVB will be taken over by Boohoo. BIG Bounce on cards
Https://www.bbc.co.uk/news/business-65925217
Tesco boss Ken Murphy said he was "very conscious" of the cost of living pressures facing shoppers.
But he added: "There are encouraging early signs that inflation is starting to ease across the market."
Once the large seller had cleared this will fly.
Https://twitter.com/baroninvestment/status/1659431200946110464?t=-yjgKu7sGY2GRWB7V4EwBw&s=19
Investor and analyst meeting
A meeting and video webcast for analysts & investors will be held at 9am (UK time) today at the offices of boohoo, 10 Great Pulteney Street, London, W1F 9NB. The webcast is available via the following link:
https://stream.buchanan.uk.com/broadcast/640f1313376228f5a654cf77
Https://twitter.com/baroninvestment/status/1658356032186339328?t=vuUWeEPtS7MYnG2RkqBrjQ&s=19
Peer #BOO ahead of expectations this morning. Looks like their net cash reported of £5.9m is the big beat vs expectations of £50.9m net debt expected.
https://www.proactiveinvestors.co.uk/companies/news/1003007/boohoo-british-land-cmc-markets-and-wincanton-among-top-pick-value-shares-for-2023-broker-1003007.html
Boohoo Group PLC (AIM:BOO), British Land PLC, CMC Markets PLC (LSE:CMCX) and Wincanton PLC (LSE:WIN) have all been highlighted as top ‘value stocks’ for 2023 by Peel Hunt analysts.
“2023 may be the year for value stocks,” said head of research Charles Hall and deputy Clyde Lewis, after the firm’s value picks for last year delivered an average decline of 15%, compared to a gain of just over 1% for the FTSE 100, a flat return for the FTSE All Share and a 17% plunge for the FTSE 250.
For Boohoo, for example, “deep value” was cited by analyst John Stevenson, pointing to shares trading at 7.9 times earnings on an EV/EBITDA basis, or just 0.3 times on EV/sales, and the potential to new brands acquired in the past two years adding more than £500mln of sales by 2024.
Bear Burn Party
https://www.instagram.com/reel/Cm_z0KAo-oq/?igshid=YmMyMTA2M2Y=
Boohoo moving higher as it's in same sector plus JPM purchase. Those shorts will be FRIED today.
LSE real time is not free and most uk websites provide 15min delayed feeds. These guys provide a free LSE feed in the app (in EUR). Even though focused on crypto, you can add all your stock stickers and see live prices being streamed
search: HODL - Real Time Cryptocurrency app
https://play.google.com/store/apps/details?id=com.flashratings.hodl&hl=en_GB&gl=US
Listen to the webcast here:
http://webcasting.brrmedia.co.uk/broadcast/600add34efe97358c10a2491/600e8b2da3d5cf7663886d9e
Boohoo Debenhams aims
Marketplace
Creating the UK’s largest marketplace across fashion, beauty, sport and homeware. The Group plans to expand the range of products sold via the Debenhams marketplace by maintaining existing marketplace brand relationships and adding new brands over time. The relaunched marketplace will also provide an exciting new route to market for the Group’s existing brand portfolio.
Beauty
The Group will continue to operate the current wholesale model, but will also look to add new beauty brands via the marketplace model. Debenhams has 6 million beauty shoppers and 1.4 million Beauty Club members.
Own brand fashion
Debenhams’ own fashion brands will be absorbed into Boohoo’s current brand portfolio and sold via the core Debenhams site and their own pure play websites. Boohoo plan to extend the Group’s brand portfolio through the acquisition of Debenhams’ pure play own brands including Maine, Mantaray, Principles and Faith
“The acquisition of the Debenhams brand is an important development for the Group, as we seek to capture incremental growth opportunities arising from the accelerating shift to online retail. We have developed a successful multi-brand direct-to-consumer platform that continues to disrupt the markets that we operate in. The acquisition represents an exciting strategic opportunity to transform our target addressable market through the creation of an online marketplace that leverages Debenhams’ high brand awareness and traffic through the development of beauty and fashion partnerships connecting brands with consumers.”
– John Lyttle, CEO, Boohoo
https://tamebay.com/2021/01/unpacking-boohoo-debenhams-marketplace-acquisition.html
“This is a transformational deal for the Group, which allows us to capture the fantastic opportunity as ecommerce continues to grow. Our ambition is to create the UK’s largest marketplace. Our acquisition of the Debenhams brand is strategically significant as it represents a huge step which accelerates our ambition to be a leader, not just in fashion ecommerce, but in new categories including beauty, sport and homeware”
– Mahmud Kamani, Executive Chairman, Boohoo
https://www.drapersonline.com/news/behind-boohoo-groups-transformational-debenhams-deal
John Stevenson, analyst at Peel Hunt, agreed that Boohoo now has a chance to capture a large slice of the beauty market: “The financial and strategic opportunities are significant. Beauty is the fastest-growing and least-penetrated online market, with Debenhams enjoying the number one market position in makeup in the UK, number two in skincare and number two in prestige beauty (of course, these figures include physical retail). Boohoo already deals with a number of the leading brands [including Garnier and Maybelline], but will clearly look to on-board and secure relationships going forward, leveraging the strength of Debenhams existing market position.”
Further Zeus writes on £BOO :
“...457p per share, which implies upside of 37% versus current share price, before accounting for the significant longer term growth potential offered by the soon to be launched ecommerce marketplace platform. Assuming a perpetual growth rate of 4.0% to reflect the scalability of the marketplace implies a share price of 580p, or 74% above current levels.’