Member Info for Bfdinvestor

Nope Hexam incorrect again.

My point was in the round, which is why I pasted the whole paragraph, not just the first part, from the interim results.

But you clearly know better what I am posting than I do. Which I guess sums up your arrogance.

And I'm not trying to portray the USDC as anything other than a disaster. However we are where we are. All I'm pointing out is that there is a small silver lining to a very large dark cloud. We now have an income stream and a future large tax write off. Or do you disagree with that statement?

The 1.2% margin hit is already included in the H1 figures, the USDC closed early in H2, so I'm not sure how it can add significantly to the £100m

Quite simple Hexam, southcoast gave a ball park figure originally and given his melt down about suspension it's impossible to take anything he says at face value

The reason for mentioning EBITDA is equally simple so I'm surprised you don't get it. The interim results, which I copied talked about a hit in half one and then a positive contribution to EBITDA from the USDC in half two. Presumably because we are now receiving a rental income.

So this will presumably off set some of the £100m

Thank you for clarifying though. £90m offset against future tax for an asset we still hold the lease on and are receiving an income on slightly sweetens the Bitter pill that is the USDC

Oh and southcoast in your comparison between FY24 and FY25 you have ignored the massive savings made in standard admin and distribution costs.

Not like you to only point out the negative is it?

I'm not querying it Hexam, I'm simply trying to understand where southcoast is coming from.

After all, with his embarrassment about suspension, which he still won't respond to, it's difficult to take anything he says at face value.

So we are writing off £90m or so against tax on an asset we still hold the lease on and have sublet?

Fed it depends what we see in the next results ref labour.

The three warehouses have all gone now and i'd suspect that represents way over 500 people

Thanks Hexam, so the £100m you refer to is 90% plus asset impairment, with a small provision for stock?

For instance, Hexam, do you include the near £30m dual stock item in FY24 as part of the £100m

Same question to you then Hexam

How much of the USDC cost will go against this year's statutory profit figure

Is it southcoast? But once again you avoid the question. Where did you get the figure from? What is it made up of and how much will go against this year's statutory profit?

Your figure totally contradicts what the half year said, so which should we believe.

Southcoast where are you getting £100m for the USDC from? The half year results stated this

During 1H FY25 the decision was taken to close the US distribution centre and fulfil all US orders from our state-of-the-art automated UK distribution centre in Sheffield. The US distribution centre had a negative impact on EBITDA of 120bps in 1H FY25. EBITDA benefits of the warehouse closure are expected during the second half of 2H FY25.

1.2% reduction in EBITDA margin for half a year doesn't equate to £100m

It's currently down 5%

Shemasian won't let this go easily

So close to the brink apparently yet neither you nor southcoast sell your shares Bon Scott.

Why do you bother, you are as transparent as double glazing but nowhere near as useful

Is he flying from east midlands

Strange southcoast you can post fantasy chat but you can't answer a simple question

Suspension in five days as you said, yes or no?

Yes Neil lots of green boxes today

Not to mention southcoast avoiding the subject again.

Amazing this fixation with this Tradey person.

It's you, it me, it used to be someone called Jeremy and probably loads more before that

I joined LSE nearly two years ago and he/she wasnt here then.

I guess you only fixate so much on the past when you don't see a decent present or future for yourself

Southcoast are you still expecting suspension in the next five days.

Yes or no

Cheers Neil the bitterness and anger from some on this board is truly hilarious

I see the market makers just can't help themselves

Per HL we are currently 30% down today with a 30% spread

Billy and his ribs come to mind

Bon Scott why continue to embarrass yourself

Have a lovely day

Based on this guy's form absolutely nobody should take what he says as having any credibility

404 if that post was aimed at me I'll take your apology as given