Member Info for Bfdinvestor

I very much doubt the day to day drops bother him at all, when he's following a long term accumulative strategy

Monkbar, I've read through some of his posts, so not really expecting a reply. He hasn't replied to anything I've asked him so far, so I find it funny to ask him more things!

It's a strange way for anybody to spend their time but it seems all to common and there are many like him on different boards sadly

Laverda, very true.

I'm also done trading this now, hence some of the frustration i guess

Smalley, i think any sensible business would purchase a known brand with low cost established infrastructure before even starting to look at a pipe dream that may never even get to production.

£7m net assets for a £3m market cap.

The Brazilian market was weird last year, let's see how this year plays out in terms of sales.

It's strange that you seemingly want a business to fail, why is that?

I see the sp is down despite 3m trades all being buys

Absolutely ridiculous.

Mm greed has destroyed the market here.

Needs something from Bernie to bring it back to life short term but long term it's a screaming buy

Hexam I largely agree with what you are saying, you just need to consider that, all other things being equal, sector sentiment should also drive individual sp's, although it doesn't seem to here given the shorter presence.

Debenhams is the key watch out to me. I've posted a few times now that it could be a short term drag on revenue due to reporting margin not GMV. Margin is supposedly better so it will be interesting to see how it plays out. Debenhams is certainly increasing significantly as a proportion of web activity, although that doesn't guarantee it plays through into sales.

I doubt if your profit would cover the dealing fees.

But it would still be more valuable than your contribution to this board

As I keep saying this is being kept within a range deliberately.

Look at the last couple of make believe sells, with no relevance whatsoever to anything that has gone before.

It's so blatant that it's funny not annoying anymore

Wolfy, I see there are a fair million plus buys, do you think we have a big buyer lol

Ibarlow thanks for that

I can see he has provided some useful stuff historically, although in a strangely coloured way.

I really don't understand why he is focusing on exploration licences when most of them never become economical and they take years to bring to commercial product.

This is just a small punt for me anyway.

If it doesn't go bust, it should appreciate to atleast 3p, which would give me a few hundred percent.

So that risk reward ratio is ok for me for now pending news

Being offered 0.2 to sell a couple of minutes ago, so maybe MMs are short of shares

Doesn't seem enough activity for any leak to me

Nice one Hexam, that made me chuckle!

As i've posted a few times now, for people as experienced as the remaining three directors to RNS in the way that they did is just not acceptable.

I also believe that the new exec team, the mining licence and the decision to mine are all now inextricably linked and we won't see any significant movement in the sp until all three are confirmed.

The new exec team, if there is one lined up, shouldn't let comms of the magnitude of the licence and DFS go out until they are in place. The market won't begin to trust UFO to deliver until the quality of the new team is known.

I'm still expecting all three in the next couple of months and a virtuous sp spiral, but am getting frustrated. I've emailed investor relations this morning asking for an update on the exec team and will share any response i get

Thanks Hexam

Totally agree that these boards should be about exchanging views in a polite and reasoned manner. Investing is a tough but potentially rewarding thing to do and reasoned debate can only ever be beneficial in a way that childish point scoring can't be.

It's not a case of everybody always agreeing but being prepared to listen to all sides and thinking flexibly.

Here's to 60p....and hopefully beyond!

Hexam I discounted CPI for two reasons. One, I look at operating profit and they haven't made one since 2018!. Two, they have been selling off assets to pay down their debt, which isn't a sign of a viable business imho.

I may be too positive, you may be too pessimistic, only time will tell. Either way, we each have to be comfortable with our own analytics and be prepared to flexible. An informative discussion on these boards is one way of doing that, as long as it's polite, fact based and constructive.

There isn't a particularly right answer anyway, just what is right for an individual at any given time.

We both believe Boo will make investors money from this so I believe, the only difference is the quantum.

I actually don't believe Shein will IPO this year as the business is too murky, but the valuations thrown about don't indicate the fashion online model, fast or otherwise, is dead. Once again rule will tell and we all need to flexible in our decisioning

There is something very smelly about the sp action today.

A drop of nearly 10% mid morning for no apparent reason and then two make believe sells at the end of the day at a price that bore no resemblance to the previous trades.

It's impossible to speculate on the MMs reasons sadly but it's just wrong

There is something very smelly about the sp action today.

A drop of nearly 10% mid morning for no apparent reason and then two make believe sells at the end of the day at a price that bore no resemblance to the previous trades.

It's impossible to speculate on the MMs reasons sadly but it's just wrong

And I'm assuming that the £3 comment isn't directed towards me, as I've stated previously that my goal is a market cap of twelve months revenue

Actually Hexam I couldn't find many at all, which is why I came up with my benchmark of 5 to 6 months revenue, which is similar to the likes of EZJ and JET2. I'd discount CPI because it hasn't made a profit for years and it's margins are too thin to be viable. The only other business I looked at and discounted in my benchmarking was Mobico because it hasn't been profitable for years and has a massive debt mountain.

I don't think there is any real doubt about the future of fast fashion, certainly not in the medium term, just look at the crazy valuations being touted for Shein. And Boo is no longer just a fast fashion business. Debenhams, Karen Millen and a couple of the labels aren't fast fashion brands at all.

Boo remains a sound business, with operating profit, strong net assets and positive EBITDA, so I'm happy with my assertion that a market cap of three months revenue is an under valuation