Member Info for Bfdinvestor

It's funny to see that the Adog's definition of a lovely day is to spend it, in it's entirety, on here.

I'd say that is the absolute definition of how not to spend your life

Here you go southcoast. It's not over half a billion is it?

Carry on lying lol

· Reported PBT of £379.4m, a decrease of 24.3%.

Which figure are Frasers paying tax on? That will be the reported PBT figure not an adjusted one southcoast!

So that is the real figure, not the one you keep lying about.

I see Hexam retains his troll blindness

A stonking RNS, twice the volume of buys Vs sells and the SP is down lol

The crooks really are at it today

Happy to admit when I'm wrong Hexam. And you are correct the higher profit figure was in FY22, but FY22 was still very high.

And no I don't think the small drop in recent years is to do with moving away from Leicester, it's far more to do with pricing strategy.

Strange that your eagle eyes haven't picked up southcoast's lies about Frasers unadjusted profit being over half a billion.

That will be the troll blindness again

So as I posted no real material change.

Any change is more likely due to inability to pass on price rises than Leicester

How much did they make in FY22 Hexam?

No real change in GM since moving away from Leicester.

There are lots of reasons for the poor performance in the last couple of years. Stupid growth strategy, hyper inflation and increased competition being the main reasons.

But to try to pin it all on Leicester is gross stupidity

No surprise that you are troll blind as usual

Ofcourse southcoast

You are just embarrassing yourself now.

Profitability collapsed very soon after the scandal was exposed.... And has never returned.

Are you for real?

Leicester happened in early 2020.

Boohoo's most profitable year was FY2022

No southcoast what I am saying is that you are posting BS per normal. You can't even quote a GM percentage honestly.

What Boo have done is switch supply overseas, where unit production cost will be significantly cheaper. What the GM margin over the last few years shows is that there has been very little impact in cost terms of moving away from Leicester. How much do you think a worker in Turkey is paid for instance.

Remember we have been operating in a high inflation period and Boo chose not to increase prices, which will also have impacted GM.

So once again your premise was totally incorrect

Incorrect southcoast, the two preceding years were 54.7 and 52.8.

So the closure of Leicester has made no real difference to GM

Already had done southcoast

Last 5 years.

54, 54.2, 52.5, 50.6 and 51.8.

As previously mentionedUS was always a far higher margin, so given drop off in US percentage of sales, GM has hardly changed.

I see you still haven't found Frasers reported profit before tax figure lol

And you should be aware that manufacturing cost is reflected in the gross margin, so that is the relevant comparator

Fraser made half a billion at an adjusted level, the reported profit before tax was c£200m lower

Actually southcoast, gross margin is back over 50%, which is broadly comparable with historic levels, given the drop off in business from the US which always had a higher margin

Have you checked Frasers PBT figure yet?

Lots of things we can blame UFO directly for.

The current sp action isn't one of those things.

When market makers refuse to move an sp up despite consistent buying, there isn't that much the BoD can do

I can only assume they are order filling

Thats some serious profit from frasers, over half a billion in pure pre tax unadjusted profits....

Incorrect again I'm afraid southcoast, that's an adjusted profit figure.

It's a retrospective view - did I say I stated it at the time? No.

Did you say you didn't. No.

What proportion of supply actually came from Leicester southcoast, before my time but I'd guess it was a relatively small proportion.

And, as others have pointed out, Boo didn't run the factories, they weren't Boo employees and nobody in Boo did anything illegal

If the game was up with Leicester why do you maintain you still hold shares 4 years later?

People may listen to you more and help you more if you don't try to patronise, antagonise and points score.

A simple thanks would have been more than sufficient

I gave you a direct answer King5hott, in that your question was stupid.

You didn't answer mine.

I see this is virtually the only board you are posting on

Why is that

Another alias for one of the usual suspects?