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Good find, mystic1076, thank-you for sharing.
Having read the article, it is clear that the individual brands are all working hard to trim their operations and many are making headway in arresting losses. It at least gives me some sense that there could be a meaningful turnaround before it is too late. In all, I take the article as being positive.
What baffles me though, is why the group management can't manage to report on time, and why they aren't moving heaven and earth to emphasise the positives, such as the profitable brands, those with increasing revenue, and those with decreasing losses. You know... the kind of good press which inspires confidence in business prospects.
"Who would have ever believed Microsoft would go from 100 dollars to 400..... "
Microsoft actually had a vision, a strategy and the managerial talent to implement it. Worst comparison ever.
The board has proven that the company has an almost limitless capacity for ineptitude, instability, value destruction and scandal. The company doesn't make any money. Gross margin is positive, but the board turns a positive into a massive negative with squandered capital investments.
"the guidance was cr@p - yeah we know…..and? we know why the guidance is cr@p too. but we know it remains cr@p and not utter **** lile some would lead you to believe"
Because you tried the sleight of hand trick, in implying that being in line with guidance is somehow considered alright.
"At least it puts to bed all the “it must be bad if they wont provide an update” naysayers - we all knew that no update meant it was inline with previous guidance, and now its confirmed. "
And if you recall, the guidance itself was pony.
Elliott Wave. The financial equivalent of seeing Jesus in the toast.
Here's a more reliable indicator of whether a stock will go up or down: whether it makes any money, and whether it is predicted to make some money. As much as it pains me, it'a big fat no to both for Boohoo.
Morning Bob77,
"Any insight on if/when we might get a TA, was 19th Jan last year."
Well... the reality is that the company can't be bothered to update the market about how badly things are going. To update the market would imply that they're actually bothered about communicating responsibily.So, this year, aren't going to release anything. A kooky lifestyle company without a strategy, lurching from crisis to crisis.
Tradey... oops, sorry, Bfdinvestor. Almost gave the game away there.
To open and close facilities seemingly at random, all around the country? Daventry, Leicester, Wellingborough. And you call that a strategy? Stroll on!
"Was it an initial 50 million outlay? Was it staggered over a term of say 5 years? "
I don't care if Boohoo blasted as much as £50M over multiple years or spunked it all at once. Waste is waste. And guess what? Mug shareholders have been cleaned out to fund it. Scattergun, hit-and-hope management.
And where on Earth did you get it in your head that I have six houses? What a weirdo.