Member Info for bon_scott

"Brands section now launched on PLT. It has now joined the marketplace revolution!"

Oh yippee... yet another exciting fashion first omni channel digital ecosystem premium luxury experience marketplace blablabla....

Still loss making though, I'm guessing.

Https://uk.finance.yahoo.com/news/3-basic-costly-isa-mistakes-101416603.html

"Throwing good money after bad

I recently sold all my shares in Boohoo Group (LSE: DEBS). That was a painful decision to make, as not only did I sell for much less than I originally paid, but I also had to consider why I had squandered some of the money in my ISA to buy such a dog.

The reason was that, when I bought, Boohoo had proven its business model, had previously been profitable, was sitting on spare cash and had a strong brand and large user base.

Some of those potential strengths are still true and could help fuel a turnaround. But Boohoo has had an awful few years, losing money hand over fist while battling a downwards sales trend.

Finally I decided to cut my losses. But maybe I should have done that after my first purchase, rather than buying more shares when the price fell."

Incredible that such a reversal in fortunes could have been achieved.

Never mind about the fashion business anymore. Onward and upward to the "crypto lifestyle luxury living" grift.

Exactly! No more vanity purchases!

"Bon it would be great if you could post the whole article."

Sorry Reardon, it's behind a paywall.

Busy goings on lately. Firstly, Dan is telling us he's the right man for the job. Anyone got access to the article, to find out if there is any substance to back up the clickbait headline?

https://www.retail-week.com/people/interview-debenhams-group-chief-executive-dan-finley-on-being-the-right-man-for-the-job/7048906.article

Meanwhile, there's yet another Boohoo party being thrown, bursting with C-listers:

https://www.dailymail.co.uk/tvshowbiz/article-14826731/Princess-Andre-17-dress-step-mum-Emily-Boohoo-party-London.html

I hope there's a positive reason behind these delayed results.

"Let's hope Rachel from accounts does the right thing with Di minimis"

Who's Di minimis? Is he that short Italian footballer?

"Oh and here's back up! Does constantly abusing the hierarchy and other posters on this forum help? If it does fair enough, not been here long enough to know who's actually invested or not. But I would simply not keep poking myself in the eyes and start my week off raging on a message board."

Weird.

"Morning SCB! Like clockwork. Straight back in with a positive monday AM I see. Hope your week improves."

Has the company performance improved? I mean, it's only been four straight, uninterrupted years of losses and bad news.

"Why would that be the case bon Scott

The IPO isn't happening in the UK now. "

Completely irrelevant. Stop rage reading everything.

"An initial report with recommendations is expected by July 2025. Ministers will then decide whether to launch a formal consultation, enact immediate changes, or maintain the status quo ."

I doubt anything will change. Let's say that it isn't in the interests of some with their hands on the levers of power.

"IR said early June, we are now mid JUNE."

Thanks LD. Seems like the results are delayed.

Probably a mammoth task to obfuscate and downplay the scale of the losses and revenue decline. Expect lots of padding about pre-adjusted median-return on-balance rate of change GMVQWERTYUIOP rising by 0.01%.

"They went on a lunatic spending spree and spent all the cash"

Couldn't have put it better, Coasty. Reminiscent of a local wastrel who wins the lottery and goes on a manic splurge. Very few of their acquisitions fitted into a coherent future strategy. So many appear to have been bought on impulse, and the only discernible reason being "COZ LOADZAMONEY LIKE INNIT FAM". Manchester office that never was? London office? REVB? All those DCs? What on Earth? I'd also like to know what the leadership of Nastygal have been doing all these years while their sales wilt away to nothing.

Https://news.sky.com/story/ashley-s-frasers-explores-bid-for-ailing-revolution-beauty-13380412

Interesting development.

Personally, I'd prefer that Frasers bought it intstead, rather than Boohoo Group taking on yet more debt for yet another needless vanity splurge.

"Incorrect again, the purpose of the business review is to unlock shareholder value, not necessarily to return it."

Oh, that's just great. So the intention after unlocking is not necessarily to return it, but what? To waste it all over again? Because let's face it, that's about the only thing that this management team is able to do. Mind you, they could also award themselves more bonuses and share packages with this newly found value, which I suppose is just as bad.

Https://www.retailsector.co.uk/670558-spring-heatwave-sparks-500-retail-sales-surge-at-debenhams-group/

Wow... some money looks to be coming in for a change, instead of leaving by way of management waste.

Absolutely disgraceful what's going on here. Just chucking shareholder money away for the fifth year running. Bonuses will still be demanded, no doubt.

Https://www.fibre2fashion.com/news/fashion-news/next-tops-mediavision-s-uk-fashion-ranking-boohoo-s-demand-drops-35--302999-newsdetails.htm

Next tops MediaVision's UK fashion ranking, Boohoo's demand drops 35%.

Yikes.

Interesting to see the holdings, and how many of the Boohoo group, group board and the founding family have piled in (or been roped in). Some extreme confidence in REVB prospects, or some extreme loss chasing going on.

Abolsutely, LD. Shareholder value certainly has been released big-time.

Shame the management were applying a wildlife slant when they said "release". You know, let's just open the fiscal gates and watch shareholders' investments fly away.