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Wow.
Incredible - had to check it out myself.
High value items & no sales.
Rapid U.K. manufacturing, data-driven decision making and super fast operational capability will get the maximum revenue/earnings potential out of this collab.
Rapid response - bullish for boohoo.
Numbers behind views...
On 20% growth annually...
21-22: 2.1b
22-23: 2.52b
23-24: 3.02b
24-25: 3.63b
25-26: 4.35b
26-27: 5.23b
On 8% Adjusted EBITDA (Below recent report...)
21-22: 168m
22-23: 202m
23-24: 242m
24-25: 290m
25-26: 348m
26-27: 418m
Considerations...
UK capacity for 4-5bn sales from 2023. US operations will be churning out orders. We can already handle 26-27 revenue, what is in the works? Debenhams fulfilment for 3rd parties?
Debenhams platform?
PLT marketplace?
Inbound/Outbound carriage/freight will be less (hopefully...)
Warehouse labour costs stable?
COVID passed?
Take into account.. Recent report stated
"Medium term guidance of 25% sales growth p.a. and 10% adjusted EBITDA margin unchanged, as pandemic-related headwinds ease"
The numbers above are on 20% and 8%.
IMO, it is clear that we can get silly and debate around. But, Boohoo to me offers an attractive valuation.
This board has heaps of negative throwing. I'm all for a balance, but the haters stick to this one like a fly to ....
@Kallu
You may want to chase up the tech teams on this.
https://twitter.com/AbfInvestor/status/1443122184747106313/photo/1
Still doesn't work - eek!
IMO, it isn't the best to brag about our US warehouse opening in 2023.
Toooo slow to act & toooo slow to open up.
I hope US growth improves from the past three months as US market was one of the most promising features of this Co.
Completely agree Dan with your views/opinions/commentary.
We have invested massive capital into the UK to facilitate and support growth. Why not the US, which had (potentially has) the potential to outgrow UK market.
We are now at a price range that means the co cannot raise capital via dilution...
Whilst Kallu is annoying and can sprout untruths. Some truths do exist within the spam.
Sometimes have to step back and accept he/she has been generally right on the existing pressures that are dragging the SP down.
To Kallu - have a look & start to deep dive into the value of this co. Treat it as if it was at your purchase price. Without your clouded vision of the past few months/year. I’d be interested to see what you pull from it.
No US warehouse is a big annoyance for me. Too slow to act… are management still laser focused..?
Lobby for action against Shein - MP’s / media are happy to destroy and attack British Boohoo over subcontractors actions. Shein… we don’t need to go into the difference in practice.
After reading the Next report - I am even more bullish for Boohoo. Online sales keeping next going, incredible investments in online tech infrastructure, investments in automation and FC. All online online online. Impressive stuff.
I am sure Boohoo is feeling the pressure of the high street. But - Boohoo has operated the majority of its existence under these conditions - growing north of 40% and up to annually. It may be a minor headwind - but shopping trends of convenience, vast selection with rapid browsing and the underlying structural shift to online e-commerce will remain IMO.
Margins will be under pressure due to global freight issues - but - boohoo is more resistant to margin pressure due to local manufacturing and own brand selection.
I agree - I'd love to see data on returns. I'm pretty sure they reported something on decreased returns during the initial COVID period - if this reverses - let's be open.
Boohoo/PLT is extremely sticky marketing wise - a great team - they didn't take the major advertising spot on Love Island this year. Yet ISIF is almost invisible on Twitter/trends.
I remember the EU was a poor performer last time with a slight decline. So no shock here.