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Is it just Boo or is it many industry figure Spidey, such as Wolfson at Next. Not to mention all the politicians in the US saying the same thing and the French waking up to Shein.

I think you know the answer.

So Yuri you are expecting inflated pandemic costs to carry forward despite the business being part way through a massive cost savings programme and having let the best part of a thousand people go.

You are probably right that a higher revenue figure is required to deliver a decent profit but it's nothing like £2bn

Fifteen hours and counting for the man child

It's beyond sad

Smalley maybe you could share your research and show us all how you did it, given the company, to the best of my knowledge haven't produced a month by month breakdown for this year

Congratulations daytrade, that's the full twelve hours completed

Must be time to walk the dog.

or maybe fix the airfix model you smashed when it turned blue

Such a sad life you lead

i'm confused daytarde, don't you **** other posters off for dragging up ancient history.

congratulations on finishing second in your own little two horse race

It's funny because out of two contestants our "serial winner" (in his own head anyway) finished second

Pmsl

Doug he had an opinion last night. Once again made himself look a fool. Maybe he should take a hint that virtually nobody wanted to play with him

Post up your guess and i'll compile

I'll start cos, well im gonna

DT 33p

Oh dear the keyboard warrior daytrade just can't help himself

6am onwards and still posting aggressive and argumentative rubbish

Why does he think he is engaged in some sort of mortal combat with people who think he is a fool

That's actually a decent summary from PH

Actually daytrade I first posted today when the sp was below 34p. Unlike you I have a life off this board, what on earth were you doing with that antagonistic and aggressive verbal diarrhoea at 6am lol.

But more importantly I wanted to read the RNS and see the presentation so I could post sensibly. Which is something you and the other idiots could learn from.

Must be such a disappointment for the not so fab four today.

Maybe give yourselves a couple of hours off and enjoy the sunshine.

Can you see it from under your rocks?

Funniest thing I've seen in ages, daytrade trying to cast doubt on another posters buy and having to eat humble pie.

Nine and a half hours of constant posting daytrade, this board really is your entire life isn't it

Doesn't get much sadder than that

Based on what superzero.

Sector is actually heading back to where it was during COVID. Boo may well do the same, especially with the Debenhams brand

Why not post something you can actually back up for once

We should be grateful that, possibly for the first time ever, daytrade has read an RNS.

Sadly, as per usual, he is wrong.

16m active customers are by far the most valuable.

But a qualified universe of recently dormant and qualified leads also has a significant value

Algos massively back on it now, let's see what happens

And none of them of any value or interest

Glad you brought that up superzero

Increased website visits and out performing the competition is one reason to think the strategy may be working

But some green shoots springing up

Well there was one surprise that I wasn't expecting in the results and that was the size of the exceptional items! That and a £20m increase in deprecation led to a massive loss number

Revenue was impacted by Debenhams as I said it would be. It's not just the commission cost, it's the opportunity foregone for the other brands where marketing spend drives a far higher £ return. The reduction in revenue on labels seems to have hit a maximum reduction and now and core brands seem to be gaining momentum. There is a caution however, in that the reduction from 9% to 4% may be a mix of slightly softer comparators and improving momentum. I've not had time to look closely enough yet.

It's great to see GMV being quoted and it helps to show the massive growth curve Debenhams is going through. I still hope to see a partial spin off in the next couple of years.

The business seems to be operating far more efficiently now and still further cost savings to be made. I'm a little concerned that margin is down in half two but that is likely due to the US DC.

Liquidity I don't think is a concern at the moment but it could become so. £230m remains of the RCF, reducing to £165m at some point next summer. It is quite possible there will be another cash outflow this year, although I hope not, by about £30-40m.

EBITDA has remained broadly flat and at an operating level the business is just about washing its face.

I hope all of the restructuring costs have now been accounted for, other than the USDC and it seems likely to me.

It seems that the UK market is gaining confidence, the focus on the core brands seems to be the right strategy, especially Debenhams. But it is still highly competitive out there.

It seems to me that the bottom may well be in but Q1 results are now very important

I've posted a few times that this is the last set of results that COVID can be used as an explanation.

It's still all to play for and you either believe in the strategy or not. If you do, the potential upside is hundreds of percent, if you don't sell up

Imho, dyor

It's too early to judge performance of the US

Other than that,

Hexam wrong again, the comment was about how much of the RCF hadn't been used . Not how much had been drawn down.

Hence when I asked superzero if he still thought £290m had been used, he replied "nope". Not "I never said that".

Do you not realise how silly you make yourself look defending them?