Member Info for Beo1

But all that was mentioned in previous H1 update in July, nothing much new apart from further detail and more guidance on H2

Organic was down for Q2, we don't get given the months numbers for JD. but July total retail being up "could" indicate that the miss was the first couple of months of Q2 and the trend was improving, which would be better news than if it was getting worse as the months went in Q2 or even flat.

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He bought over £250k worth over 3 days

Strange, good read across on retail numbers, with a shoutout on Ladies football helping the retail numbers, can only assume the lulumelon update last night is weighing it down, reduced volume in US due to tariffs, although the do the De minimis it seems to the US so not exactly comparable

Took the time to post a reply but couldn't just provide the answer, but yes hadn't seen it at the bottom, so after interims.

When will JD start the next tranche? Just waiting to line up the 3rd party or do we have to wait till after the interims?

You have to use Organic total sales growth if comparing Market share, if you open a new store that's not LfL growth but would still be taking market share. But yes DSG posted a higher % than us, so would imply they have gained market share at a rate faster than us, but there isn't enough information to say our market share reduced as we dont know the overall market size. You cant compare the growth % vs inflation for market share as you are comparing volume and rate vs inflation that is just rate.

With all due respect, talking about debt cover you would use the pre tax earning not the earning you use for EPS / PE. so yes the £110m if thats the statutory earnings (not adjusted earnings) would be correct to use when quoting debt cover. However, the point is either the 1.5 was wrong or the 4.0 was, you don't move that level by the PBT moving from 140m to 110m.

What are you on about. The US Element of earnings vs debt? the company hasn't moved from 1.5 to 4. its moved earnings from 140m to 110m. The effect on the US is more, so would depend on the debt levels of that element

TBF, for accounting there are 2 elements, basis of recognition (eg how much balance sheet vs P&L) and then value of recognition. I'm guessing they get kickbacks for supplier spend, the bigger issue would be if they valued that kick back incorrectly, and thus accrued to much into the P&L. if that is the case then future years profits would be impacted.

Agree, the accounting will be an error of which period it should have been accounted for, not whether it should have been in the P&L at all. So the future Earnings should be sound

*Hear

Can here my mrs watching a teams update, Ireland click and collect up and running this week!

Will there be an Q2 update in September? Interims are November, nothing on the financial calendar for them and can't see any RNS releases in september in previous years!

PEDANT ALEART!

You sound knowledgeable but then quote a CAGR that was incorrect. You can't have a CAGR of 14.5% if the 2 years of increases were 7% PA, A CAGR is the annualised rate not the cumulative rate. You take the end value less the start value and square root to the power of the periods in question.

In you example you said 7% of the base, then 7% again on the new value, thats a CAGR of 7%, or 14.5% in total or an average increase of 7.25%

Withholding tax? Lux government want there take of dividends.

As its domiciled outside of the UK then the tax is taken at source, if you don't make enough dividends for your allowance, you can self asses and get it back. Conversely just because your other UK dividends aren't taxed at source doesn't mean you are not liable to tax on them.

Not sure but I have it as 112,618,636 shares bought back, they may have used some of them for share awards, hence the held in treasury being lower

I went through every RNS and logged it on my spreadsheet

They have bought £92m of shares to date, with 10 WD's remaining, so appox 900k shares to buy per day, they will finish before the deadline