Member Info for Beo1

Your deluding yourself if you think that will be the forward Yield. There is next to no chance they continue the special dividend. The Dividend will be 15p at best. EBITDA down over £150m at bottom end of range vs last year, thats half of last years dividend (EG the special dividend element), plus they will prioritise buybacks over the special. Just hope they don't cut the normal dividend too, but can't see how they can do buybacks now without cutting the normal element of the dividend

Freight costs = cost related to buying stock. that under accounting would sit on the balance sheet whilst it is in inventory. Once sold that cost (along with the actual cost of the procuct) is then credit stock debit COGS. So the issue lies with how that 2nd part of the equation went, not the initial recognition and payment of that cost

Me too, been tracking for a while, took a punt yesterday at 349, thinking the drop is now really overdone, but obviously not, although for most of the day it looked to be right.

If we hit the low end of the range, that would put the PE on about 10 (for todays SP), hit the upper end thats a PE of 8, but with earnings growth negative currently and hard to see a swift improvement it does feel the upside reward is a lot lower, Before yesterday I thought it could reach high £3's but now I thinking about £3 would be good.

Seen on LinkedIn a HSS hire manager looking for work, available immediately, been there 40 years too. Could be just coincidence, but I fear not

TBF, after including stamp duty and spread a 2% swing wont clear him £2500. And for the risk associated to "capture" those swings he doesn't see the risk / reward, not that he sees £2,500 as below him

North West, out of town large shed. so footprint is more clothing than food. Obviously food inflation is playing a big part in both Food and Cafe. but there has to be a large part of the increase in volumes sold and not just the rate. But even if it is rate, thats far more than inflation.

Food wastage has come down loads but is still there, but always has been, so no idea if its above the norm still

This is £ amount, not pure volumes

Just one store so take with a pinch of salt, but YoY highlights that were messaged internally

Food up over 20% YoY

Cafe up over 10% YoY

Clothing down 5% YoY

Obviously mix will come into it for the overall YoY but Food is a bigger % than clothing, so overall your looking like being up over 10% for the store YoY

Most of the higher finance costs is property lease related, so the changing cash position wont change that. They talked about the store refresh causing it, eg Trafford centre more than doubled in size that will increase the lease cost and therefore drives higher implied interest, that wont come back.

Gross margins are down on 60bps

Hibbert and courrir operating margin % is dilutive in op % by 200bps although that wont affect the absolute amount. But they talked about higher NI, wage inflation, and got hit by higher implied interest on the leases. The synergies from supply chain look backloaded in H1 (may25 for US etc). Lower cash meant less finance income too.

So you think 340-350 provides upside value for your purchase, therefor you're basically saying at that price it becomes under valued for you? so unlikely surely the market will easily drop it to that SP, and thus create implicit value for you and others.

Because the US rate cut was priced in, and UK retail outlook taking another hit with todays trading updates.

Why keep adding the options. He spent his own money that he didn't have to buy, to make money on that purchase the SP needs to go up.

The nil cost is a separate transaction where he can sell for anything and make money. You are trying to add the 2 together when they are not co-dependent

But he got the options for free and they weren't dependent on him buying. So he had an average cost of £0. He could wait till the exercise date and make £Xm. The "optional" purchase of other shares are a separate transaction that he believes he will make money on. He wont be using the purchase to "Average Up", which isn't even a thing

And I find a lot of your posts very passive dismissive, this one being a case in point. You make it out via a question, but the questions are generally "loaded" with agenda. IMO

Always doom merchants

The nil cost options he gets no matter what. He doesn't have to buy these additional shares, he could just keep the nil cost, so buying them is a cost to him and therefor is a good sign of his confidence. To diminish it buy rolling it up into some other transaction is wrong. they are not dependant on each other so shouldn't be rolled into one value

He's actually the chairman of the company I would for. Was part of the team that presented our division to him when he went on a bit of a roadshow. TBF he didn't give much of this own thoughts in the meeting.

They have a JV with Ocado for the food home delivery. His point is if Ocado fail what happens to this?

Show me where I blamed tariffs? you make a comment that was wrong so I pointed it out. no more no less

At the end of the day you have no divine right to buy a share and instantly make profit. So if isn't paying off for you then thats on you, so own it. But dont come on here whining all the time, SP isn't up, JD must be hiding something, Labours fault. At the end of the day at the moment there isn't enough demand for the shares to force the share price up. if that means your down then perhaps you bought at the wrong value

Thats just plain wrong. They have said direct tariff impact is minimal. EG on own brand clothing they sell. The impact of the indirect they haven't been able to quantify. Theoretically if Nike pants go up 10% then all sellers will raise it 10% meaning on the rate side it should have no impact to margins, however customers may not just accept a 10% increase and reduce volume, its this impact on volume that is hard for them to tell as effectively the tariffs only came into play a couple of months ago and most stock being sold was already imported