Member Info for Beo1

Should add my 50% assumes half rent free half paid for, so yes if the rent free period is a small proportion of the overall lease then the impact diminishes

Not 100% non issue, you are correct in the IFRS16 would take the total payments to the end of lease (less the implicit interest) and then amortise that evenly over the period. But if there is a free element then when the lease ends and jumps up the new amortisation would still see a material increase. (just not from £0 to the new rate but 50% of £0 and 50% of the post free element to the new rate). But I don't believe they are getting it all rent free.

Wasnt talking to you. Didnt say it was great but a swing of neg 0.6% lfl to a positive 0.25% sequentially is a greenshoot, that swing annualised is inflation beating.

Perhaps try a bit harder to actually understand the numbers, Q3 YTD was already know, we took a hit for that, what did the Q4 YTD tell us that we didn't already know. If you take the Q4 less the Q3 YTD there were some greenshoots. UK LfL was down 0.1% in Full year, in Q3 YTD it was down 0.2%, considering Q3 YTD is 78% of the total UK Revenue the maths tells you LfL in Q4 was up 0.25%, not great, but going in the right direction now (Q3 itself was down 0.6% LfL, so a sequential swing in LfL % of nearly 0.9%. if you can't see the good news story in that, then perhaps investing isn't for you

The FMCG and and general merchantidising comments were based on full year 26 vs full year 25, i would suspect the Q4 only elements would show a different story, (as does the total sales values) but we don't have that info

If you isolate out the Q4 numbers from the full year numbers, the LfL did return to growth, not loads but growth again.

Excluding the 77 planes, thats a 25.4% YoY increase, vs the reported 26.1%, vs Aprils 22%, so they were smashing Aprils numbers in any way you want to look at it even without the Final

What are you on about? From May to April they carried and extra 498k extra passengers, the 77 planes x 2 ways is about 37k extra passengers.

CFO selling 85k share caused the share to drop somewhat, not the greatest look that he doesn't want to hold on, but i guess we don't know his financial position.

What new has this told us, Q1 to Q3 was already known to a large degree, so Q4 is the new information, that delivered over 4% growth in both food and clothing, food i expected, but im sure a lot were concerned clothing wouldn't show that level of growth. Plus saying operating profit will show growth vs 24/25 is positive, could hit over £1b before adjusting items in that case. Q4 and outlook very bullish IMO

I agree, agreement seems so far apart at the moment, You have trump who claims to have totallly destroyed them, then if the rumours are true you have iran who are making demands as if they have just conquered the US, demanding US pay war reparations and abandon all there bases in the gulf, the US 5th fleet is based out of bahrain, no chance they total abandon the region post a war they believe they won comprehensively. Iran have had had all there leaders taken out, in response they have created an extortion racked due to the chokepoint, they killed what, 3 US servicemen, the US even laned in the back yard and rescued a pilot and Iran couldn't do much about it. The only leverage they have is the oil flow but I feel they are over valuing it compared to the value Trump holds to it. ergo we aint moving much for the foreseeable.

"Our", your not invested here, so not sure why you have implied ownership

Its a forum to portray opinions, if anyone reads a random strangers opinion on where they think the SP will be and loses money on the back of it, thats on them

You haven't got a clue, as mentioned the 103m shares is the total shares in issue. Plus the recent shares of 10m were not a share issue, it was a bookbuild by the largest shareholder who was selling half there stake, that transaction added zero additional shares

Firstly he had the confidence to buy a lot at much higher prices, so weird stick to beat him with. Also results are out 6th June, with insiders knowing what those results will say already, so will be in a no buy window anyway.

Seems your getting your opportunity, last hour as really pushed the SP down

Apparently the store the mrs works at (big one in the north west) have been waxing lyrical about record weekends). I think the results will be very positive, but yes 25% is optimistic in the near term, but I do think results will see a change in momentum.

"Wasn't great"

At the end of the day, what does this update tell us that the last didnt? Or what the market feared. The actual update was broadly in line with the last, profit and fcf was slightly better, the final 4 weeks LfL were better in UK and Europe but in US the implied YTDs got worse, so that was great. And the next year range was disappointing, but again there's a reason the SP has dropped from £1 back to 70p, for fears on sales and margin pressure, shock horror some of that came to pass.

What a load of rubbish. You keep a CEO to deliberately underpeform? And what if that underperfomance was so bad it became terminal? It makes zero sense to risk the 55% they already own for the sake of maybe getting the remaining % through passive increase or a final buyout at a 10-20% discount.